Balanced Scorecard

Calgary Economic Development uses a Balanced Scorecard to structure our annual business plans, add greater ambition to corporate goals and measure progress in key areas of focus. Introduced in 2016, the scorecard evolves to provide comprehensive reporting metrics and ensure delivery on our mandate.

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CED 2022 Highlights Balanced Scorecard

Notable Wins

Calgary’s reputation as a vibrant city with competitive advantages for companies to thrive was evident in 2022 with numerous headline-making investment announcements by global firms and the record venture capital attracted to the city this year.

  • CED Companies


    attracted, retained and expanded

  • CED Jobs

    5,423 JOBS

    created or retained

  • CED Real Estate


    sq. ft. total commercial and industrial real estate absorbed

Major investments focused
on Technology

Calgary IBM tech

IBM will open a new innovation centre and create up to 430 new Calgary jobs.
Calgary Nortal tech

Nortal chose Calgary as their Canadian headquarters with plans for a rapid expansion that will add more than 100 jobs in the next 18 months.
Calgary Xero tech

Global cloud accounting software leader, Xero, acquired Calgary-based TaxCycle and will continue to invest in growing their team in Calgary.
Calgary Sidetrade tech

Global AI-firm, Sidetrade, opened its North American headquarters in Calgary with a $24.4 million investment and plans to add 110 jobs over 3 years. It absorbed 7,500 K sq. ft. of downtown office space with plans for further expansion.
Infosys calgary ecosystem

The Infosys Digital Centre opened in Calgary with a commitment to double its local job creation to 1,000.
Mphasis calgary ecosystem

Mphasis opened its Calgary office and anticipates hiring for 200 jobs in the first 15 months.

Key Initiatives

Calgary in the New Economy

The economic strategy Calgary in the New Economy sets out to achieve an ambitious vision for the city that creates long-term prosperity and opportunities for all.

As stewards of the strategy, Calgary Economic Development pressure-tested it against global trends, with future scenario planning and engaged with hundreds of Calgarians in 2022.

External subject matter experts and the community reinforced Calgary in the New Economy is the right plan to strengthen the economy. Putting people and the community first, the update includes a renewed vision statement and a commitment to Indigenous Reconciliation and Equity, Diversity, Inclusion and Accessibility.

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Film & TV Production

The economic impact of film and television production in the Calgary area reached $461 million in 2022. Coming off a record-breaking year in 2021, the industry has rebounded from the pandemic as improvements to the Government of Alberta’s Film and Television Tax Credit continues to help attract larger productions to the city.

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Notable Productions

Calgary Film Centre

The Calgary Film Centre operated at close to 100 per cent capacity in 2022 with all three sound stages booked throughout the year with major productions. Productions that used the Film Centre included Fraggle Rock: Back to the Rock and HBO’s The Last of Us.

Built in 2015 to help grow the creative industries sector, CFCL was the first and only purpose-built film studio in Calgary. It has played a key role in elevating Calgary’s position as a leading global film destination.

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Supporting local businesses to explore new markets and go global is a key focus for Calgary Economic Development. The Trade Accelerator Program (TAP) is a national four-session initiative, designed to accelerate the strategic development of small and medium-sized businesses for expansion into international markets. In 2022, TAP Southern Alberta also ran its first cohort for Indigenous businesses and the first ever mountain cohort in Banff and Canmore.

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In 2022, the EDGE UP 2.0 program introduced seven in-demand training streams, Foundations of Digital Transformation and Transition to Tech training.

The additional programming and over 400 hours of career support enabled 239 students to graduate from the program with skills to re-engage in the workforce through in-demand careers.

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Work Integrated Learning Pilot

Calgary will pilot a Work-Integrated Learning (WIL) program to grow a skilled talent pool and equip students with practical real-world experience to thrive in the new, digital economy. The project is made possible by a $2.9 million investment from the Future Skills Centre and a $2.5 million investment from the Government of Alberta’s Ministry of Advanced Education. The project will streamline the process for employers to share post-secondary student work opportunities including internships, co-ops, field placements, community service learning opportunities, projects and practicums. 

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Live Tech, Love Life

Attracting dreamers, visionaries and game changers to the city with rich storytelling to highlight limitless opportunities in tech and an unparalleled quality of life. Our Live Tech, Love Life integrated marketing program saw strong results in its third year as our flagship talent attraction campaign.



In 2022, Opportunity Calgary Investment Fund made impactful investments that responded to changing economic conditions. It focused investments to scale more local early-stage companies, strengthen the talent pipeline and position Calgary as a city where there is innovation and opportunity across industries.

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Team Calgary

Team Calgary is a corporate partnership program between Calgary Economic Development and the private sector. Taking a collaborative approach to economic development, Team Calgary partners help shape and share Calgary’s story as an ambitious city with a vibrant future and limitless opportunities.

Support for Team Calgary remained strong in 2022 with the retention of over 90 per cent of members and the addition of four new partner organizations: Arts Commons, BrainStation, CAAT Pension and Partner Consulting.

Meet our partners

Explore more in our
2022 Annual Report


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