Vibrant Business Climate

City of Edmonton in the Fall

Edmonton

  • #1 Canadian City for Economic Momentum (CIBC World Markets Report, Dec. 2007)
  • Home to population of over 1,000,000 and an educated workforce of 583,000 people
  • Annual GDP of over $42.5 billion
  • $160+ billion in regional investment planned over the next decade
  • 84% of biotech companies in Alberta are located in Edmonton
  • Emerging nanotechnology cluster with the addition of the National Institute of Nanotechnology at the University of Alberta
  • University of Alberta has over $300 million in research funding each year
  • GDP has grown at over 3% in five of the last seven years
  • Origin of firms such as Bioware Corporation, Canadian Western Bank, Intuit, Isotechnika, Matrikon, PCL Construction, Stantec Engineering, Upside Software, and many others

Alberta

  • Alberta's average annual growth rate of 4.1% over the last 10 years has been the fastest in Canada
  • Only province in Canada without a provincial sales tax
  • Lowest personal and corporate taxes in Canada
  • Albertans have had the highest average annual income in Canada since 2001
  • Highly entrepreneurial populous
  • Individual patents filed are twice the national average
  • 2nd largest proven oil reserves in the world, second only to Saudi Arabia

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