'Great momentum': Progress cited in Calgary's economic odyssey yyc yycbiz abpoli
A recovery in the price of oil has not translated into an employment surge like those seen in the past, with the resource industry relying more on automated technology, while leery of making large investments in a business environment challenged by climate change.
About three-quarters of a $100-million city fund aimed at boosting the revitalization of the city’s downtown through office space conversions has been spent, with Parry saying it’s possible CED will ask for additional funding from the city.“It’s not going to be a straight line, it’s going to be bumpy,” said Parry.
Calgary Chamber of Commerce President Deborah Yedlin said the absence of downtown Calgary revitalization funding in the UCP government’s 2023-2024 budget isThe UCP government has pointed to its commitment to low corporate taxes and investments in downtown public safety as catalysts for the city’s economy but that more data is needed to determine the best way to boost Calgary’s core.Article content
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