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Economic Overview Calgary, known as the economic heart of Alberta, boasts a diverse and resilient economy. Historically rooted in the energy sector and agriculture, the city has strategically diversified, incorporating industries such as finance, technology, and creative arts. Key Industries 1. Energy Sector: Calgary remains a major global energy hub, with a concentration of oil … Read more
Economic Overview Edmonton, as the capital city of Alberta, Canada, serves as a key economic hub within the province. With a population over one million citizens, is economy is diverse, with sectors such as energy, manufacturing, technology, healthcare, education, and retail playing significant roles. Surrounded by several satellite cities, Edmonton serves as an economic hub … Read more
Alberta, a province known for its abundant natural resources and economic dynamism, presents a multifaceted economic profile with various urban and rural opportunities and challenges. Economic Regions of Alberta Alberta’s economic landscape is diverse and strategically segmented to foster regional development and investment. The province is divided into eight economic regions, each with unique industries … Read more
Shift-share analysis is a valuable tool for understanding the components of regional economic growth by decomposing changes in employment into three effects: national growth, industry mix, and regional competitiveness. Applying this analysis to the Edmonton Census Metropolitan Area (CMA) provides insights into how various sectors are performing relative to national trends and highlights the region’s … Read more
The Rainforest model, developed by Victor W. Hwang and Greg Horowitt, is a metaphorical and structural framework for understanding and fostering innovation ecosystems, particularly exemplified by Silicon Valley. According to the model, successful innovation ecosystems are not like well-ordered farms with predefined roles and predictable processes but rather like rainforests, where a diversity of organisms … Read more
An effective innovation ecosystem dashboard and scorecard for the greater Edmonton region should capture and track metrics across several dimensions to provide a comprehensive view of ecosystem health, progress, and areas for improvement. This dashboard should include both quantitative and qualitative metrics and highlight performance trends over time, offering actionable insights for stakeholders, including the … Read more
In an era of shifting global markets, technological disruption, and environmental challenges, effective strategic planning for local and regional economic development has become more critical than ever. Economic developers must create flexible, forward-thinking plans that not only address the immediate needs of their communities but also build resilience for future growth. This article outlines the … Read more
In the world of regional economic development, understanding the pulse of the local business ecosystem is essential. Whether you’re tasked with fostering growth in a bustling metropolis or invigorating a quiet rural community, measuring the health and performance of a regional business ecosystem provides the data-driven insights necessary to make informed, impactful decisions. However, how … Read more
In an era of heightened global competition and technological change, regional economic development has become a crucial pillar of national prosperity. The task of fostering sustainable, inclusive growth within a region—whether urban or rural—requires a sophisticated blend of strategy, tools, and community engagement. While the principles of regional development are broadly applicable, the methods and … Read more
Description: Home services encompass businesses that cater to the maintenance and improvement of residential properties, contributing to the overall livability of the city. Examples: – Home Improvement Services: Renovating and upgrading homes. – Cleaning Services: Providing residential cleaning and maintenance. – Landscaping and Gardening: Enhancing outdoor spaces and curb appeal. Typical Minimal Size of Population … Read more
