darwink
Senior Member
Tmx isn’t the only game in town to ease capacity issues. Line 3 will be first, kxl next, tmx last.
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New World Interactive-- a Denver based video game developer-- will be opening up a development office in Inglewood this may. Some more positive news for our tech industry. https://livewirecalgary.com/2019/02...new-world-interactive-to-open-calgary-studio/
I agree. There is only so much Toronto and Vancouver to go around and Calgary is well positioned to capture some of the spillover. One thing I will say, is that while it is nice to hear about companies moving to Calgary, the focus needs to be on creating a good ecosystem for startup companies in this city to scale up and be successful. Calgary paid almost no attention to its startup ecosystem in the early/mid 2000's which is one of the reasons it fell behind cities like Ottawa. Fortunately that has changed in the last five or so years and you are seeing good growth in non- O&G startups. Benevity and Greengate Power are two companies worth checking out.I am a believer in the long-term diversification and growth of the Calgary economy because of stories like this. We have the quality of life combined with much lower housing costs that will be very attractive to technology companies. Denver is the obvious analogue in the US - there came a point when SF, LA, and Seattle just became too expensive for even relatively high paid engineering talent, and that led to huge growth in Denver, along with Austin, Salt Lake, and the like.
I think we are at a similar point with the cost difference between Toronto/Vancouver and everywhere else in Canada. Calgary is my top pick in Canada for economic development over the next 10 years, Kelowna is #2.
Calgary fintech company Solium Capital was acquired by Morgan Stanley in a billion dollar deal. https://www.wsj.com/articles/morgan...crisis-courts-future-millionaires-11549885394
Word is that Solium will stay headquartered in Calgary and that MS will continue to invest in Solium's growth. Hopefully that will be the case as MS is a big name to have backing you and it should be good for Calgary.Could be good for Calgary, but could also go the other way depending. Solium was a growing company and good for Calgary. Hopefully MS doesn't shutter it.
Word is that Solium will stay headquartered in Calgary and that MS will continue to invest in Solium's growth. Hopefully that will be the case as MS is a big name to have backing you and it should be good for Calgary.