Canadian Economic Development

10 ANNUAL R E P O R T

BUILDING

MOMENTUM

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TABLE OF CONTENTS Message From CEO & Board Chair

Message from the Mayor

Calgary’s Story

About CED

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05

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08 12

2010 Overview

Financial Overview

Economic Highlights

Action Calgary Partners

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Business Committees & Community Partners

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2010

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Calgary Economic Development

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F. Bruce Graham President & CEO 2

Wilfred A. Gobert Chairman of the board

Calgary Economic Development

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Board of Directors L-R Alderman Brian Pincott Wilf Gobert Bill Chomik Brett Ironside Patricia McLeod

2010

Monica Kohlhammer Murray Sigler Gabriel Franco Jim Barker Duncan Au

Absent: Doug Armitage Don Campbell Gerry Protti Lew Turnquist David Watson

Message from CEO & Board Chair Throughout 2010, Calgarians continued to demonstrate their unwavering can-do attitude and entrepreneurial spirit. While the rest of the world, and to a great extent Canada, remained engulfed in complex economic challenges, Calgary successfully emerged as a resilient global economic leader.

That’s not to say Calgary’s road to recovery has been easy; 2010 started out with very moderate improvements and, in some months, witnessed slight retraction. As the year advanced, Calgary’s economic growth started to show marked improvement, finishing the year on solid footing.

Based on stronger oil prices, by the end of 2010 Calgary reported impressive annual GDP growth, a downward trend in unemployment and lower than expected office vacancy.

Calgary continued to build on its reputation as an emerging international city with a number of high rankings. Most notably, Forbes magazine ranked Calgary as one of North America’s fastest growing cities, attributable to its strong energy industry; lower taxes; ease of doing business; geographical footprint; and attractive housing price-to-income ratio. A stronger economic environment and improved rankings, combined with the election of our new Mayor, Naheed Nenshi, propelled Calgary into the global spotlight.

For Calgary Economic Development, the past year was a time of building momentum. Adapting to the realities of a shifting global economic environment, we remained committed to delivering initiatives that support the three key goals set out in the city’s 10-year Calgary Economic Development Strategy.

Our organization focused on strengthening relationships in the Calgary business community.

Action Calgary, Calgary Economic Development’s partnership program, had a 96 per cent renewal rate while, at the same time, attracting many new partners. Thanks to the support of the business leaders who participate in Action Calgary and our strategic business committees, we were able

F. Bruce Graham

to deliver on a number of key growth initiatives including opening the Global Business Centre; developing a business plan for the Alberta Creative Hub; and completing the Global Energy Centre study.

Our business development team identified highpotential international and domestic opportunities, with a particular focus on China and South America.

With over 800 trade and investment leads, 400 outreach efforts and close to 250 client engagement consultations, Calgary Economic Development reported 18 client success stories for the year.

We expect more positive results throughout 2011 and 2012 due to the efforts put forward in 2010.

Learning from the last economic boom, labour issues remained top of mind at Calgary Economic Development. Many of our key activities were dedicated to making Calgary a great place to live and work, including the launch of LiveinCalgary.com; the signing of Calgary‘s Telework Charter; and the implementation of the inaugural Telework Week.

Calgary Economic Development’s commitment to growing, retaining and attracting people, business and investment to Calgary continues to be supported by our award–winning marketing initiatives. In 2010, our organization was presented with 14 industry marketing awards including “best in class” for economic development initiatives in Canada.

On behalf of our Board and staff, we would like to extend our thanks to Mayor Nenshi, members of the Calgary City Council, our Action Calgary partners and members of the Calgary business community for supporting our effort to be the key influencer of the economic vitality and well-being of Calgary.

With the uncertainty of 2010 behind us and the promise of Calgary being a leader for economic growth in Canada, we expect continued improvement for the

region in 2011.

At Calgary Economic Development, we will continue to foster a strong and vibrant economic environment for 2011 and beyond.

Wilfred A. Gobert

President & CEO

2010

Annual Report

Chairman of the board

Calgary Economic Development

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Naheed k.

Nenshi Mayor City of Calgary 4

Calgary Economic Development

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2010

Message from the mayor While 2010 was “Calgary is at a key moment in its history. a period of challenge, Calgary Economic We have the people, the energy and the Development helped bring high-potential vision to make business opportunities Calgary the key to Calgary that were economic and focused on both cultural centre short-term recovery of Canada. and long-term Through its sustainable economic stewardship development. of the 10-year The coming year Calgary Economic will build on that Development momentum, as The Strategy, Calgary City of Calgary, Economic Calgary Economic Development has a Development leading role in laying and citizens work the groundwork for together to make our future prosperity.

Calgary the best place to live and build a business.�

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Calgary Economic Development

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Calgary has a great story

Calgary #1 (in world)

Calgary

for Quality of living

receives “A” Grade in Canada

eco-city ranking Mercer

Conference Board of Canada

2010

2010

World’s

Canada’s

Forbes

Maclean’s / Canadian Council on Learning

third fastest Most growing Wired city City 2010

2010

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Calgary Economic Development

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2010

Canada’s

Canada’s

third Smartest City

Fourth Most Cultured City

2010

2010

Calgary #1

World’s

Maclean’s / Canadian Council on Learning

Maclean’s / Canadian Council on Learning

Top 10 Canadian Cities

fifth most livable city

in which to invest

The Economist Magazine

2010

Real Estate Investment Network 2010

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Calgary Economic Development

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Calgary Economic Development

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OUR TEAM The quality of our people is our greatest asset.

They give our organization the energy to achieve our goals.

it’s all about people From front to back, L-R

Kristy Frandle Tom Dixon Carol Thiessen Karen Chown Gary Slipp Monica Rovers Katie Findlay Bruce Graham Chelsea Siler Rick Tovell Marek Drywa Elsbeth Mehrer

Robyn Bews Dusko Galic Ramzieh Khalil Megan Zimmerman Karen Garrick Susan Thompson Deana Haley Teresa Kaban Elisha Chin Lissa Craig Rachel Yin Maryn Edwards

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Krista Lauridsen Michael Fotheringham Fern Lockwood Luke Azevedo John Hankins Annie Korver Mary Moran absent:

Adelina Banks June Reid Brian McClure Paul Paynter

Calgary Economic Development

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About Calgary Economic development Calgary Economic Development

is a corporation funded by The City of Calgary, private industry and other levels of government, and managed by an independent Board of Directors.

Focus on

people & community

In support of the three key goals set out in the 10-year Calgary Economic Development Strategy, Calgary Economic Development acts as a connector to bring businesses, organizations, government and the community together for projects and initiatives that benefit Calgary’s vitality and economic well-being.

Focus on

business & enterprise

OUR Mission

Focus on

International reach

To strategically influence the economic vitality & well-being of Calgary

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Calgary Economic Development

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2010

TO FULLFILL OUR MISSION WE FOCUS ON THE FOLLOWING PRIORITY SECTORS

Promoting Calgary as the location of choice for

PEOPLE, INVESTMENT & BUSINESS,

ENERGY SUSTAINABLE & RENEWABLE ENERGY REAL ESTATE TRANSPORTATION & LOGISTICS FINANCIAL SERVICES MANUFACTURING FILM, TELEVISION & CREATIVE INDUSTRIES

Calgary Economic Development delivers services and initiatives focused on growing and developing a number of key industry sectors.

Our efforts support businesses and the community to achieve greater results that benefit organizations, our city and the region.

WE WORK ON THESE KEY INITIATIVES ACTION CALGARY ALBERTA CREATIVE HUB GLOBAL BUSINESS CENTRE GLOBAL ENERGY CENTRE PRODUCTIVITY ALBERTA WORKshift

WE OFFER THE FOLLOWING SERVICES TO RESPOND TO CLIENT & COMMUNITY NEEDS BUSINESS INVESTMENT ATTRACTION BUSINESS RETENTION & EXPANSION MARKETING & PROMOTION NETWORKING & CONNECTION BUILDING ORIENTATION & RELOCATION SERVICES RESEARCH & MARKET INTELLIGENCE TRADE MISSIONS & DELEGATIONS WORKFORCE DEVELOPMENT

2010

ANNUAL REPORT

CALGARY ECONOMIC DEVELOPMENT

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m develop overvie 12

Calgary Economic Development

Annual Report

2010

2010

mc pment ew Trade & investment leads Outreach calls Client engagements Incoming trade delegations Outgoing Missions Client success stories Research inquiries Film, Television & commercial productions WORKshift pilot companies Action Calgary partners Total website hits Media hits Events hosted Marketing awards 2010

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833 421 249 25 3 18 810

$90 Million 7 54 112,000 464 46 14

Calgary Economic Development

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Workforce Development

Calgary Economic Development is seen to be a key voice in workforce development conversations for our city.

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Calgary Economic Development

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In 2010, we created tools and programming that provide the human resources community with information and resources to increase the effectiveness of its workforce attraction and retention efforts.

The award-winning LiveinCalgary.com website was launched in February, with $250,000 in funding secured from the Province of Alberta.

The LiveinCalgary.com website is continually refreshed to support companies in their ongoing efforts to relocate and settle new talent.

Another key initiative under workforce development was a succession planning best practices forum for over 100 participants which was held in November.

Titled “Who’s on Deck�, the session consisted of a keynote address, panel discussion and mentorship presentation focused on preparing companies for staff transition.

Renewed optimism in 2010 resulted in late-year hiring and employment recovering to near pre-recessionary levels. The year ended with an overall unemployment rate of 5.9 per cent.

With more increases expected in organizational hiring, combined with the pending retirement of baby boomers, workforce development is once again becoming a top priority for Calgary businesses.

Through effective tools, targeted forums and marketing initiatives, Calgary Economic Development is well poised to further support people attraction in 2011.

2010

Workshift

Economic Development Achievement of the Year Awarded by Economic Developers Association of Canada and Royal Bank of Canada

WORKshift is a three-year, federally funded initiative designed to create a template for a flexible work (telework) program that can be easily replicated across other jurisdictions in Canada. WORKshift has received significant national and international recognition as a key strategy to combat gridlock, differentiate Calgary and attract and retain a talented workforce. With WORKshift, Calgary Economic Development strives to accelerate the adoption of flexible work practices within the Calgary business community. From the launch in May 2009 to the end of 2010, we have engaged 15 companies in the WORKshift program.

Looking forward, WORKshift programming will continue to focus on engaging more Calgary companies and enhancing tracking and reporting tools to help companies measure the employee, economic and environmental impact of adopting the WORKshift program.

2010 WORKshift Awards

There was significant progress with WORKshift initiatives in 2010. With unanimous support from City Council, April 19 – 23 was declared Calgary’s first Telework Week. Programming for the week included four marketing events, which featured the signing of a Telework Charter by senior business leaders, and a headline event featuring Scott McNealy, former CEO of Sun Microsystems. Nearly 50 organizations participated in Telework Week, yielding a reduction in driving of over 7,000 km.

Hermes Creative Award for www.workshiftcalgary.com

Videographer Awards for the WORKshift video

PIXIE Award for the WORKshift video

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Calgary Economic Development

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Energy Energy Success Stories Company/Program Initiative Engineering Technology Inc Trade Voucher Program Business

Development Sustainability North America Attraction North West International Ltd Trade Motive Industries Expansion Chrysalix Attraction

The strengthening of oil prices in 2010 resulted in a notable increase in drilling activity and investment in Alberta. Along with this increased investment, the environmental impact continued to be top of mind. To support oil sands advocacy, Calgary Economic Development created an oil sands fact sheet and participated on the Provincial Oil Sands Communication Committee to inform audiences about the economic impact and environmental management of the oil sands.

In addition, we continued to grow our relationship with the Oil Sands Leadership Initiative (OSLI) and support its goal of improving the oil sands industry’s reputation.

Calgary Economic Development hosted a number of energy-related events throughout the year, including leading 16 Calgary-based companies to Brazil and welcoming nearly 300 guests to the International Reception during the Global Petroleum Show.

“The efforts of Calgary Economic Development eliminated barriers and created access to the top decision makers at Petrobras that would have normally taken years to develop on my own. The end result is immediate business opportunities in a growing market, a working partnership and technology discussions that are on-going today. Thank you Calgary Economic Development for your efforts to showcase Calgary businesses to the world.”

Todd Anderson Vice President - Sales & Marketing, CEDA International

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Calgary Economic Development

Based on direction taken from the 10-year Calgary Economic Development Strategy, we also directed efforts to position Calgary as the “centre for all things energy”. Working in collaboration with the Canadian Centre for Energy Information and representatives from industry and academia, Calgary Economic Development put forward the Global Energy Centre Study in August. This study outlined strategies aimed at positioning Calgary as a leading international energy centre. The following three key priorities were identified: 1. Develop a community demonstration project; 2. Position Calgary as a global thought leader with a global energy event; and 3. C reate a global competition that connects the world to Calgary.

In support of the recommendations arising from the study, Calgary Economic Development furthered our relationship with the Virgin Group and received commitment to host a global energy event in Calgary in 2011. We also maintained a leadership position at the World Energy Cities Partnership through demonstration projects and sharing best practices in support of the Calgary Climate Change Accord.

One of the key attributes to becoming the Global Energy Centre is the need to support a thriving Sustainable & Renewable Energy (SURE) sector in the city and province. Calgary Economic Development continued to focus on this area and in 2010 developed a SURE sector profile.

This report provides a comprehensive overview of the infrastructure and opportunities in Calgary’s growing SURE sector. The profile was launched in conjunction with the announcement of the Global Clean Energy Congress, which will take place in Calgary in November 2011.

Furthering our efforts within the SURE sector, several workshops were held with SURE companies to promote business opportunities with The City of Calgary and ENMAX.

Annual Report

2010

Sustainable & renewable Energy

cALGARY SURE SECTOR assets

Additionally, a venture capital workshop was held in conjunction with Innovate Calgary (formerly Calgary Technologies Inc.) and CETAC WEST involving nine venture capital companies, which enabled SURE companies to network and gather information on the criteria for investment. Calgary Economic Development also led a trade mission with six Alberta companies to IFAT, the world’s leading trade fair for environmental technology in Germany. In March 2010, Calgary Economic Development supported a thought-leaders forum on the subject of wind and co-generation in Alberta that delivered a set of policy recommendations to the Alberta Government.

In the upcoming year, our efforts in the energy sector will address the key priorities identified in the Global Energy Centre study and engage global and Calgarybased organizations in advancing SURE developments.

Forecasted strong growth in the oil sector will continue to direct Calgary Economic Development’s energy investment attraction efforts towards opportunities in China and Latin America while we remain focused on supporting oil sands advocacy throughout Canada and international markets.

“Through Calgary Economic Development’s collaboration with Innovate Calgary (formerly Calgary Technologies), Alberta Enterprise, and CETAC WEST, we were able to identify innovative clean tech-related businesses in Alberta. The forums, introductions, and market information they provided were a key factor in our final decision to establish an official presence in Calgary.”

Mike Walkinshaw Managing Director & CFO, Chrysalix Energy Venture Capital

2010

CANADA’S ENERGY CENTRE ACCESS TO CAPITAL

NATURAL RESOURCES

HIGHLY EDUCATED LABOUR FORCE POLICY

SURE FRAMEWORK TECHNOLOGY COMMERCIALIZATION & BUSINESS GROWTH KNOWLEDGE

& NETWORKS

QUALITY OF LIFE

ENTREPRENEURIAL SPIRIT

cALGARY SURE SECTOR LEADERSHIP RENEWABLE ENERGY

CLEANER HYDROCARBONS

INTEGRATED SUSTAINABLE TECHNOLOGY AND ENVIRONMENT

INTEGRATION & DISTRIBUTED ENERGY

ENERGY EFFICIENCY & CONSERVATION

Calgary has a strong track record in the SURE sector, in particular, in the areas of clean technology, commercialization, investment in renewable energy, policies to support reductions in GHG, sustainable urban design and investment in energy efficiency. Assets unique to Calgary and Alberta have helped SURE sector firms develop new techniques and expand in new markets. These assets give Calgary-based firms a competitive advantage in this emerging field.

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“The dynamic professionals at calgary economic development that assisted Hôtel Le Germain’s successful integration into Calgary’s business and cultural community should be recognized for their work beyond traditional business boundaries. Their vision and energy has made a tangible difference for our company as it embarked on a national expansion.

Thank you!”

Christiane Germain Co-president, Groupe Germain

.

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Calgary Economic Development

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2010

Real Estate

Commercial

As noted in Home Base: What drives head office growth and Calgary’s place as a global business hub, released by Calgary Economic Development in August 2010, Calgary is Western Canada’s head office capital. Calgary has the highest concentration of head offices per capita in the country with 114 of the Financial Post 500 companies headquartered in the city.

Calgary’s cityscape witnessed dramatic changes during 2010, particularly with the architectural features of The Bow and Eighth Avenue Place.

Following three straight years of office vacancy

Downtown Vacancy rate Q4 2009 Actual 15.5% Q4 2010 Forecast ** 18.8% Q4 2010 Actual 13.0% Suburban Vacancy rate Q4 2009 Actual 15.7% Q4 2010 Forecast ** 17.0% Q4 2010 Actual 13.6%

With office and industrial vacancy still higher than pre-recession levels and more inventory expected over the next several years, there is an ongoing need to attract and grow business in Calgary.

Calgary Economic Development works closely with companies to provide insight into the benefits of building or strengthening a western presence in Calgary. Throughout 2010 we were instrumental in helping retain, attract and grow 18 organizations across a number of sectors that occupied nearly 900,000 square feet of industrial and office space in the region.

Real estate Success Stories Company Initiative Groupe Germain Attraction General Electric Canada Attraction Shanahan’s Building Products Expansion Dr. Green Attraction

Industrial Vacancy rate Q4 2009 Actual 6.2% Q4 2010 Forecast ** 6.7%

Q4 2010 Actual

4.9%

**Forecast made in Q4 2009 Source: CB Richard Ellis

increases, Calgary experienced increased office space absorption, particularly in the last half of the year. Consequently, the negative absorption experienced the previous year was more than offset with positive absorption in 2010. A flight to quality, particularly in the downtown core, resulted in lower than expected vacancy in AA and A class buildings.

In the industrial space category, the improved economy resulted in companies showing a desire to grow and expand operations, leading to downward pressure on vacancy.

2010

Calgary Economic Development worked closely with a number of companies in 2010, providing location and economic analyses on Calgary’s competitiveness. Based on this work, it is anticipated that Calgary will experience further company relocations and expansions as the economy continues to strengthen throughout 2011.

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Transportation & Logistics YK

NT

BC

Prince Rupert

AB

SK

MB

12HRs Travel Time

Kitimat Prince George

6HRs Travel Time 3HRs Travel Time

Squamish

Churchill

Grande Prairie

Edmonton Lloydminster

Kamloops

Vancouver

Calgary

Vernon

West Bank & Kelowna

Cranbrook

Saskatoon

Regina

Medicine Hat Lethbridge

Brandon

Winnipeg

Ports CN & cp core mainline National highway system Calgary other cities

Calgary’s transportation and logistics sector is comprised of air, rail and truck transportation, wholesale trade and warehousing, postal and courier activities, and other transit support activities.

Calgary is a natural transportation and logistic hub for Western Canada, with its convenient location on both the TransCanada and CANAMEX highways, and the great rail links from the Port of Vancouver and the east coast. Over the past several years, major retailers have selected Calgary as an integral part of their western distribution strategy. Companies choosing Calgary as a hub have been influenced by the geographic location combined with the growing economy, well-developed and evolving infrastructure and Alberta’s low tax regime.

In 2010, Calgary Economic Development identified transportation and logistics as a strategic growth area. With financial support from industry and government, we commissioned a report to identify opportunities to further advance the transportation and logistics sector in Calgary and the region.

The report concluded that the Calgary region needed a Calgary Corridor Council comprised of senior transportation and logistics business leaders

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Calgary Economic Development

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to ensure the attraction of a good labour supply and the ability to relay industry concerns with a single voice.

These findings were shared with an industry committee and affected organizations and have formed the basis of our 2011 strategy in this sector, including the recruitment of a dedicated Business Development Manager to focus on investment attraction to the Calgary region.

In addition to the study, our organization released a new sector profile on the industry, which provided a comprehensive overview of the infrastructure and opportunities in Calgary’s robust transportation and logistics network. Our organization was also a key partner in the Van Horne Institute’s annual logistics conference.

Throughout the year, we were also actively engaged with the Calgary Regional Partnership to develop a comprehensive regional transportation and logistics strategy. With high-potential economic opportunities in the transportation and logistics industry, this sector will continue to be a strategic focus for Calgary Economic Development in 2011.

2010

FINANCIAL SERVICES Last year, Calgary Economic Development continued to engage with the Financial Services Advisory Committee, comprised of 25 industry leaders.

The primary focus of the committee is to increase the representation and profile of the financial services industry in Calgary. To support future growth in the sector, members of the committee actively participated in a financial sector roundtable hosted

by Alberta’s Minister of Finance and Enterprise and engaged in a consultation session with the Finance Industry Competitiveness Panel for the Province.

Legend

In addition, with financial support from the Province of Alberta, PricewaterhouseCoopers completed an extensive study to identify future growth opportunities in the financial services sector.

This report was used to guide Calgary Economic Development’s approach to target national financial services companies to expand to Calgary.

For the first time, Calgary Economic Development partnered with the CFA Society to host the Carbon Financing Forum, a conference designed to explore the financial implications for energy companies operating in a carbon constrained world. A number of renowned international speakers were involved in the Forum.

Calgary Economic Development dedicated a significant amount of time in 2010 preparing for two major finance events scheduled for the first quarter of 2011. These high-profile events include the Asian Financial Forum in Hong Kong and the Annual Meeting of the Inter-American Development Bank in Calgary.

Calgary Economic Development will direct the majority of the financial sector business development activities in 2011 towards attracting investment and financial services from China, Europe and North America.

2010

“I appreciate your efforts and expertise in organizing the presentation for the incoming delegation from Ji Lin province, China early this year. The high-level government officials and investors were impressed by the information and data provided in the presentation from Calgary Economic Development.

They told me that they felt more comfortable to do business in Calgary after what they learned from your culturally-friendly and informative presentation. As a result, the connection between our firm and Ji Lin province has been strengthened. This brings us the ease to do business with China in the future.”

Don Li Project Coordinator, GenCap

Financial Services Success Stories Company Initiative Royal Bank of Scotland Attraction Gen Capital Attraction

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Manufacturing

The manufacturing sector plays an integral part in Calgary’s economy, representing approximately

8.1 per Cent

It is the sixth highest revenue generating industry in the region and represents

6.6 per cent

Despite the 9.8 per cent growth in GDP from manufacturing in Calgary over the past decade, the industry is facing: increased external pressures to maintain competitiveness; global competition from low-cost producers; decreased availability of skilled labour; upward pressure on labour costs; economic uncertainty; and constant shifts in demand.

Calgary Economic Development continued to take a lead role in promoting innovation and productivity improvement solutions to Calgary manufacturers to help foster this industry in response to the global marketplace needs. Local manufacturers have achieved significant business results through collaboration on the Manufacturing Action Committee, spearheaded by Calgary Economic Development.

We are committed to supporting the sector by enhancing awareness of manufacturing in the region, helping to attract skilled talent, providing forums for sharing best practices and bringing together government and industry to ensure Calgary’s manufacturing sector is able to compete globally.

Manufacturing Success Stories Company Initiative Apel Extrusions Business

Development Westbridge Containers Business

Development Kudu Industries Business

Development Plains Fabrication Expansion

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of Calgary’s Total GDP

of Calgary’s employment base

“While organizations that serve a component of the need for networking exist, their broad scope did not deliver what I needed.

The Manufacturing Action Committee has filled this need by exposing my organization to the Calgary manufacturing community and specifically exposing me to a group of local manufacturing executives who are facing similar business issues as I do on a daily basis.

Calgary Economic Development has taken a proactive role providing assistance in facilitation, access to information and a broad offering of business resources to enable our group to affect the “Action” part of our name. Without this support it is unlikely that we, as a group, would have achieved many successes.”

Mike Flynn President, APEL Extrusions Ltd.

2010

Productivity

In partnership with Productivity Alberta, Calgary Economic Development delivers productivity programming to the manufacturing industry to help drive awareness of the need for global competitiveness and provide tools and resources to accelerate productivity. Canada’s productivity growth lags behind that of other industrialized nations; more critically, Alberta’s is lower than that of any other province.

One of the highlight events for the year was “Exploiting Chaos”, a unique leadership development opportunity with award-winning author Jeremy Gutsche. The event was co-hosted

by Calgary Economic Development, Edmonton Economic Development Corporation and Alberta Employment & Immigration. Approximately 150 participants attended the event that focused on unleashing innovation during times of change.

As part of the commitment to improve the province’s productivity, an industrial energy efficiency study, metal fabrication supply chain study and regional productivity study were completed and released with related events. In addition, workshops on innovation, energy efficiency, lean manufacturing and research and development opportunities were successfully implemented.

“The introduction of Plains Fabrication to Productivity Alberta and the Manufacturing Action Committee was a major influence in the decision to remain in Calgary and expand our business.

It is through initiatives such as these provided by the Calgary Economic Development team that clearly demonstrates Calgary Economic Development’s commitment and progressive thinking.

Assisting manufacturing companies helps to ensure Alberta based companies are on the forefront of the world market.”

Chester Nagy President, Plains Fabrication

In the coming year we will be providing workshops, tools and resources to assist Calgary area businesses in improving productivity in areas such as accelerating innovation, energy efficiency enhancement, lean manufacturing techniques and global best practice sharing. Manufacturing sector programming will continue, with a further focus on increasing productivity in other sectors in the goods producing supply chain.

2010

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“Thanks to the Global Business Centre and Calgary Economic Development, my first few months in Calgary as Consul of France in charge of opening a new consulate in calgary has been a very smooth transition. Thank you for your introduction to the city and your warm welcome.”

Jean-Charles Bou

Consul de France à Calgary

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Calgary Economic Development

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2010

Global Business Centre

The Global Business Centre, one of Calgary Economic Development’s key initiatives for 2010, officially opened its doors in June 2010.

International Success Stories Company Initiative French Consulate Attraction Scottish Dev’t International Attraction Shale gas and oil sands development projects managed from Calgary attracted significant international investment attention over the past 18 months – to the value of approximately $20 billion, primarily from the Asia-Pacific region.

The international recognition being received by Canada’s natural resource sector reinforces Calgary’s role as an emerging global city and the need for a facility and programs such as those provided by the Global Business Centre.

This world-class, fully equipped, 7,500 sq. ft. facility is ideally located in the centre of Calgary’s business and convention district on Stephen Avenue.

The Global Business Centre is purposefully designed to be a launching pad to increase international trade and business activity in Southern Alberta and a landing pad to attract new investment and business growth to the region.

Since opening, the Global Business Centre has been successful in building a presence in the Calgary community through the GBC a.m. breakfast series and country-in-focus events. Through the Global Business Centre, we welcomed 25 foreign

2010

delegations resulting in many development activities, including the attraction of Scottish Development International and the Consul of France, which established a local presence in 2010.

Through the leadership of the Global Business Centre team, Calgary Economic Development served as the delegation leader for Southern Alberta to Centrallia, an international business development forum designed for small and medium-sized companies.

We were successful in recruiting six companies from Southern Alberta to participate in the well-attended forum held in Winnipeg in October. Centrallia sparked interest in pursuing the opportunity for Calgary to become the host city for this forum in the future.

In 2011, Calgary Economic Development looks to increase the suite of programming, host more networking events and attract additional tenants to the Global Business Centre.

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Film, Television & Creative Industries 43 nominations 12 wins In an effort to increase the film and television industry’s presence and promote Calgary as a location of choice, Calgary Economic Development is mandated as the one-stop location for facilitating all film, television, digital and commercial productions in Calgary. We help facilitate the scouting and permitting process with The City of Calgary, provide information about the city and prepare photo packages for foreign and local producers.

The Calgary region is the fourth largest film and television location in Canada and has the most Oscar, Golden Globe and Emmy nominations of any jurisdiction in Canada. This past year, the film Inception highlighted the incredible scenery available to filmmakers when the climax of the film was shot at Fortress Mountain.

The scouting and logistics were supported by Calgary Economic Development’s Film Commissioner and staff, and the film was nominated for eight Oscars and four Golden Globes.

24 nominations 3 wins 83 nominations 20 wins Award winning Calgary (inclusive of 2010)

In 2010, Calgary Economic Development facilitated over 260 film, TV and commercial projects, which equals approximately $90 million in business for the region.

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Calgary Economic Development

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This sector sees an average return on investment ratio of 5:1.

The following table highlights some of the significant projects that took place in the region throughout the year.

“Heartland the Movie” Heartland (fourth season)

TV movie-CBC TV series-CBC

Truth Below TV movie-MTV 19th Wife

TV movie Lifetime Network

Hell on Wheels

2010

TV pilot-AMC

In June 2010, Calgary Economic Development provided further support to the creative industries by releasing our first paper-free sector profile, which provides essential industry data, company listings and competitive information.

One of Calgary Economic Development’s key initiatives last year was championing the development of a facility to support film, television and digital media industries with purpose-built sound stages and production office space. With the aptly named Alberta Creative Hub being incorporated as a subsidiary company in 2009, in 2010 $1.2 million of funding was secured from the Province of Alberta for development of a detailed business plan and building, location and development program for the proposed facility.

A consulting team led by Lawson Projects was retained to complete this process. The business plan was developed under the guidance of the Alberta Creative Hub management and Board of Directors in support of a $32 million capital project to be conveniently located at Canada Olympic Park.

I believe Calgary Economic Development is an essential component for the creative industries to do business in Calgary.

From location scouting and logistics to permits, marketing and client engagement, they have been a critical part of the success we have had with our projects. As well, with initiatives like the Alberta Creative Hub and Behind the Scenes, I am encouraged and excited to be a part of this growing and collaborative industry.

In June, the Alberta Creative Hub offered “Alberta: 3D Ready�, a conference held at the Banff Centre.

In collaboration with industry, unions, guilds and post-secondary institutions, the Alberta Creative Hub brought in 3D experts from across North America to inform and educate participants about the increasing role of 3D in all mediums, the economic benefits and current industry trends. Participants were also given a unique hands-on opportunity to learn and test the latest 3D technology, from cameras to editing software.

Currently in its fourth year, the Behind the Scenes program continued to inform and connect Calgarians with the local film, television and digital media industry. The Behind the Scenes TV show, in partnership with Shaw TV, produced five episodes in 2010 and will continue to produce new content in 2011. These TV segments featured local organizations and projects, and highlighted the role of the film, television and digital media sector in Calgary. Calgary Economic Development also produced a new 15-second advertisement that was broadcast in Calgary Cineplex Odeon theatres in August 2010. The advertisement starred Calgary-based wrangler and stunt coordinator John Scott, and acknowledged the economic impact of the industry in the Calgary region.

Hermes Creative Award

Alberta Creative Hub video

Videographer Awards Award of Excellence for Alberta Creative Hub video Nominated for

Ampia Award

Matt Gillespie, President and CEO, Joe Media

2010

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FINAN OVERV OVERALL LEVERAGED REVENUE 2003-2010

Measured in $millions

2.5 2

1.5 1

.5 0 03 04 05 06 07 08 09 10

REVENUE SOURCES 2010

CITY OF CALGARY BASE GRANT

66.8%

PRIVATE SECTOR

11.1%

GOVERNMENT

22.1%

$4.75 Million

$0.786 Million Action Calgary (cash) = $460,000 Other private sector = $326,000

Calgary Economic Development completed the 2010 year with revenue up 4.8 per cent from 2009 and expenses up 3.8 per cent, which resulted in an income of $294,813, an increase of 32 per cent from 2009.

Calgary Economic Development’s cash position remains strong at year-end with $1.1 million in net assets.

$1.571 Million Funding (non-base) = $774,000 CED Subsidiary = $401,000 (Alberta Creative Hub, non-base) Other revenue (deferred)= $396,000

28

CALGARY ECONOMIC DEVELOPMENT

ANNUAL REPORT

2010

For 2010, Calgary Economic Development, and its subsidiary The Alberta Creative Hub, leveraged over $2.36 million in addition to the base operating grant received from The City ($4.75 million). The year-over-year leveraged funds experienced a 27.2 per cent increase and represented approximately 33.1 per cent of the total operating revenue for the two organizations in 2010.

Calgary Economic Development continually strives to engage government and business to assist with its programs and initiatives.

The $0.62 million reduction in current assets in 2010 reflects the clearing of accrued revenue for funding claims related to the construction of the Global Business Centre.

Calgary Economic Development’s liabilities also declined during 2010 with the completion of the Global Business Centre construction project.

cial vIEW

The financial information for Calgary Economic Development and the Alberta Creative Hub is summarized in the tables below. The complete audited financial statements for the year ending December 31, 2010 are available at www.calgaryeconomicdevelopment.com

Calgary Economic Development’s Summary Statement of Financial Position For the year ended December 31

Assets

2010

2009

Current assets

$ 2,596,356

$ 3,261,817

Property and equipment and holdback receivable

$ 1,907,337

$ 1,864,393

$ 4,503,693

$ 5,126,210

Current liabilities

$ 1,960,249

$ 2,411,257

Long term liabilities

$ 1,430,487

$ 1,896,809

$ 3,390,736

$ 4,308,066

Net assets invested in property and equipment

$

360,535

$

(52,765)

Unrestricted net assets

$

752,422

$

870,909

$ 1,112,957

$

818,144

Total liabilities and net assets

$ 4,503,693

$ 5,126,210

Total assets Liabilities

Total liabilities Net assets

Calgary Economic Development’s Summary Statement of Revenues and Expenditures For the year ended December 31

Revenue

2010

2009

City of Calgary

$ 5,187,633

$ 5,121,272

Government

$

329,707

$

491,849

Business

$

728,907

$

566,409

Other

$

463,148

$

221,395

$ 6,709,395

$ 6,400,925

Expenditures Operating and program expenses

$ 5,837,733

$ 5,936,759

Amortization

$

$

576,849

240,797

$ 6,414,582

$ 6,177,556

Excess of revenues over expenditures

$

$

223,369

2010

2009

294,813

Note: For Calgary Economic Development’s complete audited financial statements please visit our website at www.calgaryeconomicdevelopment.com (Auditor: BDO Canada LLP)

Calgary Economic Development’s Subsidiary, Alberta Creative Hub Summary Financial Statements For the year ended December 31 Financial Position Total assets

$ 1,310,025

$

–

Total liabilities

$ 1,307,193

$

–

$

$

–

Total net assets

2,832

Revenue and Expenditures Revenues

$

401,076

$

–

Expenditures

$

398,244

$

–

$

–

$

Excess of revenues over expenditures

2,832

Note: For Alberta Creative Hub’s complete audited financial statements please visit our website at www.calgaryeconomicdevelopment.com (Auditor: BDO Canada LLP)

2010

Annual Report

Calgary Economic Development

29

2010 Economic Highlights After weathering one of the worst recessions in recent memory,

While the average annual unemployment rate for 2010 reveals a small increase from 2009 (6.9 per cent from 6.6 per cent), the month-to-month figures show that unemployment peaked in May at 7.7 per cent and steadily decreased through the latter stages of 2010, to 5.9 per cent in December. This contrasts with Canada’s 2010 unemployment rate of eight per cent. GDP is also a bright spot on the economic ledger as it grew by 2.7 per cent from 2009, good for fourth best among Canadian cities and on par with Canada as a whole.

Calgary showed signs of recovery in the latter half of 2010.

30

Calgary Economic Development

Annual Report

Robust commodity prices, especially for oil, led to increased drilling activity and are good news for the energy sector in general. While the balance is shifting as producers’ total oil sales outstrip those from natural gas over the previous two years, natural gas – where average prices remained soft at $3.80/GJ in 2010 – remains a key component of Calgary’s employment and corporate revenue mix. The year ended with oil prices at a two-year high of $91.40/barrel and the average price for 2010 was up 29 per cent to $79.43/barrel. Even with increased energy prices, inflation was kept in check with a mere 1.1 per cent year-over-year increase compared to a national increase of 2.2 per cent.

Retail sales numbers reflect increased consumer confidence with a 5.6 per cent increase from 2009. This was slightly ahead of the Canadian growth rate of 5.1 per cent.

There was good news in the commercial real estate sector where vacancy was well below the forecasted rate, coming in at 13 per cent in the downtown segment. Calgary’s downtown market was able to absorb the one million square feet of space at Eighth Avenue Place, finishing the year with a net absorption 1.8 million square feet. The main drivers were companies securing space for future growth and new capital projects.

2010

All of these indicators together reveal that the worst of the economic downturn is behind us and Calgary is

Building

Momentum heading into 2011.

ECONOMIC INDICATORS

2010 Economic performance highlights

CALGARY ECONOMIC REGION Indicator Unit

2010

2009

% Change

Gross Domestic Product 2002 $millions 69,250 67,417 Consumer Price Index* 2002=100 122.7 121.7 Retail sales* $millions 21,588.74 20,434.74 Population Persons 1,338,241 1,313,771 Working age population Persons 1,089,800 1,069,000 Labour force Persons 811,000 816,600 Employment Persons 755,300 762,900 Employment rate % 69.3 71.4 Unemployment rate % 6.9 6.6 Labour force participation rate % 74.4 76.4 Net migration Persons 12,620 24,149 Housing starts* House Units 9,262 6,318 MLS median single family house price** $ 389,000 401,000 Value of building permits $ 3,863,306,000 4,501,269,000 Industrial space vacancy** % 3.8 5.2 Downtown office space vacancy** % 13.0 15.5 Suburban office space vacancy** % 13.6 15.7

2.7% 0.8% 5.6% 1.9% 1.9% -0.7% -1.0% -2.9% 0.3% -2.6% -47.7% 46.6% -3.0% -14.2% -26.9% -16.1% -13.4%

*denotes Census Metropolitan Area geography **denotes City of Calgary geography; December price Source: Statistics Canada, The City of Calgary, CB Richard Ellis, Calgary Real Estate Board

2010

Annual Report

Calgary Economic Development

31

ENERGY INDICATORS Oil Prices

OIL PRICES

Average Annual - US $/BBL

The world price of oil, benchmarked at the U.S. price per barrel of West Texas Intermediate, continued its persistent climb throughout 2010, with an annual average for 2010 of $79.43 USD/barrel up from $61.67 USD/barrel in 2009, or 28.8 per cent. Prices hit the lowest point of the year in May 2010 at $73.83 USD/barrel, but continued with an upward trend ending the year with the price of $91.40 USD/barrel. Market assessments of a recovery globally, but particularly in China, and a flight away from the U.S. dollar and into oil fueled the strong price growth of oil.

West Texas Intermediate

100 80 60 20 0 06

07

08

09

10

Alberta Natural Gas Prices

NATURAL GAS PRICES

Average Annual - CDN $/Gj 8 6 4 2 0 06

32

07

08

09

10

Calgary Economic Development

Alberta natural gas prices averaged $3.80 CDN/GJ in 2010, from the average of $3.78 CDN/GJ in 2009, an increase of 0.5 per cent. Gas prices were very volatile in 2010, starting the year with a January average price of $5.30 CDN/GJ with the lowest average price of $3.13 CDN/GJ in October 2010. High inventories, limited demand and increased supply from unconventional American shale gas has brought natural gas to a new reality, one in which prices will remain far more tempered than in years prior.

Annual Report

2010

employment INDICATORS Total employment in the Calgary Economic Region decreased by one per cent to 755,300 in 2010 from 762,900 in 2009. The highest percentage in employment growth occurred in health care and social

assistance, manufacturing and trade. The industries with the highest percentage of job losses were utilities, agriculture, business, building and other support services, and other services.

EMPLOYMENT BY INDUSTRY, 2009-2010 Employment by industry, Calgary Economic Region (000’s) 2010

2009

Change (persons)

% Change

All industries 755.3 Full-time employment 627.6 Part-time employment 127.6 Goods-producing sector 190.0 Agriculture 9.1 Forestry, fishing, mining, oil and gas 50.1 Utilities 5.9 Construction 75.4 Manufacturing 49.5 Service-producing sector 565.2 Trade 111.2 Transportation and warehousing 41.3 Finance, insurance, real estate and leasing 47.3 Professional, scientific and technical services 80.4 Business, building and other support services 27.7 Educational services 44.6 Health care and social assistance 77.1 Information, culture and recreation 36.7 Accommodation and food services 40.3 Other services 34.2 Public administration 24.3

Description

762.9 633.0 129.9 190.8 12.1 50.6 8.6 72.9 46.6 572.0 104.7 43.4 49.5 83.8 30.3 44.8 71.6 36.3 43.7 37.4 26.3

-7.6 -5.4 -2.3 -0.8 -3.0 -0.5 -2.7 2.5 2.9 -6.8 6.5 -2.1 -2.2 -3.4 -2.6 -0.2 5.5 0.4 -3.4 -3.2 -2.0

-1.0% -0.9% -1.8% -0.4% -24.8% -1.0% -31.4% 3.4% 6.2% -1.2% 6.2% -4.8% -4.4% -4.1% -8.6% -0.4% 7.7% 1.1% -7.8% -8.6% -7.6%

Totals may not add due to rounding Source: Statistics Canada

Unemployment in Calgary peaked in May 2010 before beginning a steady decline to the end of the year.

The average annual unemployment rate in the Calgary Economic Region was 6.9 per cent in 2010, up from 6.6 per cent in 2009.

Unemployment rate

Labour Force / Unemployment rate

2009-2010

2006-2010

Calgary Economic region

Calgary Economic region

% by Year 10

8

840

8

6

800

6

4

780

4

2

740 700

0

2 2010

January February March April May June July August September October November December

January February March April May June July August September October November December

06

2009

2010

07

08

09

10

Labour Force (thousands) Unemployment rate %

Annual Report

Calgary Economic Development

33

Real Estate indicators iNDUSTRIAL and OFFICE MARKET Calgary industrial inventory

Calgary industrial vacancy

Calgary industrial absorption

The increase in the amount of industrial space in Calgary continues the upward trend of the past decade. There was 701,277 square feet of new industrial supply added to the inventory in 2010. By the end of 2010, there was close to 115.7 million square feet of industrial space in Calgary.

Industrial vacancy decreased to 3.8 per cent in 2010, down from 5.2 per cent in 2009. Industrial space availability declined with strong absorption numbers due to a resurgence of leasing activity and lower rental rates.

The Calgary industrial market experienced tremendous growth in 2010. For all of 2010, absorption was two million square feet, compared to 567,523 square feet in 2009.

Absorption is expected to remain positive in 2011.

Calgary total industrial market

2006 year end

2007 year end

2008 year end

Total inventory (sq. ft.) 105,536,978 110,052,173 Vacancy rate 0.8% 0.6% 3,104,933 Absorption (Y-T-D) (sq. ft.) 6,471,669

112,472,504 3.1% 1,114,912

2010 year end

2009 year end

114,883,823 115,655,135 5.2% 3.8% 567,523 2,005,107

Source: CB Richard Ellis

Calgary office inventory

Calgary office vacancy

Calgary office absorption

In 2010, the downtown office space inventory grew by one million square feet with the addition of Eighth Avenue Place.

The suburban market grew slightly, increasing its inventory by 3,606 square feet.

An increased appetite for downtown office space contributed to the downtown vacancy rate decrease to 13.0 per cent in 2010 from 15.5 per cent in 2009.

The suburban office market showed a decrease in overall vacancy moving to 13.6 per cent from 15.7 per cent as more space was absorbed in the market.

Calgary’s downtown market net absorption for 2010 moved into positive territory with year-end absorption at 1.8 mllion square feet. The main drivers were companies securing space for future growth and new capital projects. Suburban office absorption numbers continued to be strong at 608,402 square feet year-to-date, with most of the absorption being from Class A space.

Calgary total downtown office market 2006 year end

2007 year end

2008 year end

2009 year end

2010 year end

31,204,062 Total inventory (sq. ft.)

Vacancy rate 0.5% 478,793 Absorption (Y-T-D) (sq. ft.)

32,711,265 3.4% 557,583

33,113,608 5.2% -188,934

35,702,958 15.5% -1,236,784

36,742,958 13.0% 1,795,590

Source: CB Richard Ellis

Calgary total suburban office market 2006 year end

2007 year end

2008 year end

2009 year end

2010 year end

14,365,374 Total inventory (sq. ft.)

Vacancy rate 1.9% Absorption (Y-T-D) (sq. ft.) 1,198,834

15,598,016 3.8% 825,766

17,781,671 8.1% 1,271,850

20,072,800 15.7% 240,762

20,076,406 13.6% 608,402

Source: CB Richard Ellis

34

Calgary Economic Development

Annual Report

2010

NON-RESIDENTIAL BUILDING PERMITS ($)

Calgary Building Permits

CALGARY ECONOMIC REGION

Non-residential permits in the Calgary Economic Region accounted for approximately $1.4 billion worth of building permits in 2010, a decrease of 44.1 per cent from 2009.

Non-residential permits represented 35.4 per cent of the total building permit value in 2010.

RESIDENTIAL BUILDING PERMITS ($)

2006-2010 Measured in $billions

8.0 6.0 4.0 2.0 0 06

CALGARY ECONOMIC REGION

07

08

09

10

Non-Resdidential Building Permits Residential Building Permits

Residential permits in the Calgary Economic Region represented close to $2.5 billion worth of building permits in 2010, an increase of 21.7 per cent from 2009, representing approximately 64.6 per cent of total building permit value.

Housing starts

HOUSING STARTS

total Calgary CMA

(units)

TOTAL CALGARY CENSUS METROPOLITAN AREA 9,262 new housing units were started in the Calgary Census Metropolitan Area during 2010, an increase of 46.6 per cent over the previous year.

• •• • •

2006 2007 2008 2009 2010

17,046 13,505 11,438 6,318 9,262

Source: Statistics Canada

MLS MEDIAN HOUSING SALES PRICE CITY oF CALGARY The median MLS housing sales price for Calgary decreased by $12,000 or three per cent from 2009, to $389,000.

MLS Median Sales Price Calgary

Measured in $ thousands 425 400 375 350 325 06

2010

Annual Report

07

08

09

Calgary Economic Development

10

35

Action Calgar Partner Action Calgary is a Calgary Economic Development led program, designed to engage Calgary’s corporate community in collaboration to deliver results and build strategic partnerships that support business and employment growth and diversification.

Calgary Economic Development would like to thank the visionary business leaders who are committed to the Action Calgary program and helping position Calgary to compete on a global stage.

Platinum Partner TELUS Business Solutions

Gold Partners

Calgary Herald Pattison Outdoor Advertising Teletrips Silver Partners

Aspen Properties Ltd. ATB Financial Athene Offices & Services Canadian Association of Petroleum Producers (CAPP) DIRTT Evans Hunt Group Hyatt Regency Calgary Nexen Inc. OPUS Corporation Resort of the Canadian Rockies Inc. (RCR) Weber Shandwick

36

Calgary Economic Development

Annual Report

2010

ry rs

“Action Calgary is an opportunity for us to work with other leaders to promote Calgary as a destination of choice for businesses, to provide innovative and leading-edge global solutions.�

Ali Jafri,

Vice President of Sales for the small-medium business marketplace, TELUS Communications Inc.

Bronze Partners ACAD (Alberta College of Art + Design) Axia NetMedia Corporation Bennett Jones LLP Calgary Chamber of Commerce Calgary Real Estate Board Calgary TELUS Convention Centre Cenovus Energy Data Shapers Inc. Devitt & Forand Contractors Inc. ELEMENT Integrated Workplace Solutions Encana Corporation First Calgary Financial Gowlings LLP HARMONY by Bordeaux Developments Haworth Inc. / hbi heritage business interiors Joe Media Group KPMG Lawson Projects Marathon Oil Canada Corporation Matthews Southwest Mosaic Studios PwC Quintaro Imaging RBC RGO Office Products Ltd SAIT Polytechnic Shaw Contract Group Sizeland Evans Interior Design Inc. SNC-Lavalin Inc. Theatre Calgary University of Calgary Western Management Consultants White Iron Inc. Zoom Web Video Integration 2010

Annual Report

Calgary Economic Development

37

Strate Busine Commit & comm partne Throughout the year, many community members generously provide Calgary Economic Development with resources, industry insight and strategic guidance. Through the hard work and commitment of the strategic community partners and members of the strategic business committees, Calgary Economic Development’s key initiatives are realized.

We appreciate your ongoing leadership and support to action the initiatives defined in our 2010 business plan.

Business Development Advisory Committee

Donna Banks CRESA Partners Richard Boyer Gienow Windows & Doors Ltd. Michael Carten Sustainable Energy Technologies Larry Day Pyramid Productions Birol Fisekci HARMONY By Bordeaux Developments Matt Gillespie Joe Media Group Brent Harris Sustainable Energy Technologies Brian Jamieson Rona Hannes Kovac OPUS Corporation Laura Lochman United States Consulate General Jeff Lowe TELUS Business Solutions Robert Mansell University of Calgary, Institutes & Centres Bob Mitchell ConocoPhillips Canada Robin Penfold HSBC Bank Canada Stephan Poirier Calgary Airport Authority Dan Rodrigue SMART Technologies Inc. Tracy Sletto Government of Canada, Western Economic Diversification Canada Andrew Stephens Suncor Energy Inc. Randy Upright Manpower Services (Alberta) Peter Watson Alberta Energy Ian Way ConocoPhillips Canada

Workforce Development Advisory Committee

Stu Boland Jacobs Canada Rick Davidson Cenovus Energy Pat Firminger Alberta Employment & immigration Angela Girvan Alberta Health Services – Calgary Region Cheryl Goldsmith and Cindy Munn City of Calgary Richard Gotfried Trico Homes John Simpson Standens Limited Chris Thomas Tim Hortons Ken Vinge Bowen Workforce Solutions

Financial Services Advisory Committee

Chris Anderson ARC Financial Corporation Robert Cook ARC Financial Corporation James Davidson FirstEnergy Capital Corporation Leo de Bever AIMCo Perry Englot HSBC Bank Canada Shane Fildes BMO Capital Market Alexander Fritsche Bank of Canada Michael Halliwell Canadian Western Bank Paul Kelly First Calgary Savings Tim Kitchen Barclays Capital Art Korpach CIBC World Markets Drew MacIntyre TD Securities Inc. George Marlatte Scotiabank Michael Mezei Mawer Investment Management Dave Mowat ATB Financial Chris Potter Peters & Co Limited Bill Rice Alberta Securities Commission Gordon Ritchie RBC Dominion Securities Bob Thompson Brownstone Asset Management Leonard Waverman Haskayne School of Business

38

Annual Report

Calgary Economic Development

2010

e gic ess ttees munity ers Helen Bremner ENMAX Corporation David Day City of Calgary, Utilities & Environmental Protection Carmen Dybwad CERI Judy Fairburn Cenovus Energy Inc. Ken Hogg Renewable Energy Solutions Inc. David Layzell University of Calgary Gary Leach SEPAC – Small Exporters and Producers Association of Canada David MacInnis Chevron Robert Mansell University of Calgary, Institutes & Centres Kim Spink NATIONAL Public Relations Greg Stringham Canadian Association of Petroleum Producers (CAPP) Doug Sullivan ENMAX Corporation Peter Tertzakian Arc Financial Corporation Bill Trefanenko Enbridge Inc. Ashley Wedderburn NATIONAL Public Relations

Energy Centre Advisory Committee

Dave Birkby Westbridge PET Containers Mike Flynn APEL Extrusions Limited Robert Hansen Canadian Manufacturers & Exporters Duane Hertzer Optima Manufacturing Inc. Louis Kelemen Jr. Simo Corporation Laura Kennedy Vista-IMV JV (Vista Projects Limited) Duane Macauley Dynamic Source Manufacturing Brian McCready Canadian Manufacturers Exporters Association Garry Mihaichuk Lorem ispum coming soon Ray Mills Kudu Industries Inc. Chester Nagy Plains Fabrication & Supply Mel Svendsen Standens Limited Lynn Wyton Alberta Finance & Enterprise

Manufacturing Action Committee

Calgary Arts Development Authority Calgary Chamber of Commerce Calgary Downtown Association Calgary Foundation Calgary Regional Partnership/Calgary Regional Economic Partnership Calgary Stampede Calgary TELUS Convention Centre City of Calgary Edmonton Economic Development Corporation Economic Developers of Alberta Innovate Calgary Meetings & Conventions Calgary Momentum Productivity Alberta Steering Committee Tourism Calgary Transformation Calgary United Way of Calgary and Area

Strategic Community Partners

City of Calgary Government of Alberta Government of Canada

Government Partners

2010

Annual Report

Calgary Economic Development

39

40

Calgary Economic Development

Annual Report

2010

Contact information Calgary Economic Development 731 – 1st Street SE Calgary, Alberta Canada T2G 2G9 T 403.221.7831 or toll-free 1.888.222.5855 F 403.221.7828 e-mail info@calgaryeconomicdevelopment.com

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