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The Changing Economy Of The Calgary CMA

296 Words2 Pages
The changing economy of the Calgary CMA provides both opportunities and challenges. Declining Oil and Gas and support actives employment has more left Calgary in transition. With fortunes tied to the former Oil and Gas industries, the region has felt the impact enormously. While the new technology driven economy has helped the region to recover, a tremendous challenge remains: identifying the region’s strong revenue generators in this new economic climate. This study examines an identified group of industries, sectors, and industry clusters, that contribute to prosperity in Calgary.
Clusters are industries that are geographically concentrated or of a similar nature, and that make use of related buyers, suppliers, infrastructure and workforce.
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