CALGARY
ECONOMIC RESILIENCE
Calgary -- a city where everyone participates in a strong, diverse economy. We remove barriers for business success, enabling businesses to start, grow and invest in our city.
We are an incredible destination and a great place to live, work, grow and raise a family.
Resilience in Calgary
Calgary's resilience stems from its diverse economy, strong community support, adaptive infrastructure, forward-thinking leadership, and focus on innovation and education. These factors enable the city to overcome challenges and emerge stronger in the face of adversity. There are three key strategic initiatives the City council will take from 2023 to 2026, with one of them being Economic Resilience.
Factors for Economic Resilience in Canada
Every city in Canada adopts their own business mode for their economy that best suits their needs. Many factors contribute to economic success that a city has, such as removing barriers for business success, by giving things such as tax incentives for creatives.
A huge factor in the resilience and overall competitiveness of a city are the abundance of artistic and cultural activities. Creatives enhance the dynamics of the culture within communities, since individuals coming from different backgrounds promote opportunities of personal growth.
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In addition, a highly educated workforce is highly sought after. For example, Calgary has the highest proportion of STEM degree graduates in Canada, giving our city a competitive edge.
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Alongside these factors, people living in Calgary are experiencing the benefits of having a fulfilling lifestyle -- of growing old, raising a family, being a great place for career success.
