Quote:
Originally Posted by JSS1974
Edmonton has a large public sector employment base, both provincial and federal. This is an advantage over Calgary. During downturns, this has helped Edmonton.
On the other hand, having this luxury might be holding the city back from pushing ahead.
I’d be curious to know what Edmonton has done to drum up business here, and to help build its reputation. For example, have they contacted the suits in Toronto, made presentations to various countries, cities agencies to pitch the city. Have they offered corporate relocation packages? Or is the city too relaxed and is just happy having stable public sector employment. Yes, Edmonton is a pretty relaxing city to live in.
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JSS1974, you have asked some great questions that I have pondered and also debated back and forth on this forum many times historically. Quite often I have heard the Edmonton is a government city justification as to why it doesn't get as much attention corporately. I do not believe that to be a solid reason for its embarrassing corporate performance. And my favorite case study as to why is studying no further than Austin, Texas. Austin is a very similar city in terms of demographics and was historically a blue collar, government, university town - similar to Edmonton. And worse, it has to compete with both larger and more corporate Houston and Dallas, which both have a lot more corporations, international airline routes and house the investment banks (access to capital and relationships) yet Austin has managed to make impressive strides as the littler city that could in Texas becoming home several tech head offices and now is even drawing companies from Silicon Valley. If you are interested, I encourage you to research how Austin has managed to carve its own path successfully out of the shadows of Houston and Dallas, while still retaining a government and blue collar/industrial base.
In terms of what Edmonton could and should do, in my opinion (based on my executive corporate experience as well as interactions with certain current council members), Edmonton flat out does not pitch itself nearly enough or aggressive enough (or perhaps at all) to groups whether in Toronto or elsewhere. Calgary has landed a number of companies this year alone and one interesting note in the press release for Infosys was how hard Mayor Nenshi had been pursuing the company to open an office in Calgary. And if you think Calgary is working this hard on one company, you can be sure they have been doing this on many companies.
https://calgaryherald.com/business/l...ncement-nenshi
To my knowledge and experience, Mayor Iveson and council had done an absolute abysmal job at doing recruiting companies, investment and ultimately jobs and it starts at the top with leadership. If they do not make this a priority to build relationships, incentivize companies through partnerships or providing specific infrastructure or what have you, then companies will continue to bypass Edmonton and work with the more business friendly city in the province. Its simple.