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About Calgary Economic Development
Calgary Economic Development (CED) is a not-for-profit corporation dedicated to positioning Calgary as a premier location for business investment, talent attraction, and economic growth. Here are key aspects of their mission and activities:
## Mission and Structure
- Mission: CED aims to achieve long-term economic success for Calgary by attracting, retaining, and expanding businesses, capital, and talent, while delivering value to the City of Calgary[3].
- Structure: Managed by an independent Board of Directors, CED is funded by the City of Calgary, community partners, other government levels, and the private sector[1][2].
## Roles and Initiatives
- Roles: CED acts as a conduit, connector, catalyst, and storyteller for Calgary, promoting the city's opportunities and fostering connections between businesses and stakeholders[2].
- Initiatives: Key initiatives include the Opportunity Calgary Investment Fund (OCIF), which supports innovation and economic development, and the EDGE UP program, designed to upskill workers transitioning from the energy sector to the digital economy[3].
## Achievements
- In 2022, CED supported the attraction, retention, and expansion of 61 companies, including those in film and TV, resulting in significant investments and job creation[3].
- The city experienced a record-breaking year in venture capital investments, with $647 million invested through 64 deals[3].
## Community Engagement
- CED emphasizes equity, diversity, and inclusion, recognizing the importance of these elements in achieving shared prosperity and building a strong community[2].
- The organization works closely with Indigenous communities and acknowledges the historical significance of the Treaty 7 region[2].
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