Upload
business-in-calgary
View
228
Download
2
Embed Size (px)
DESCRIPTION
Â
Citation preview
Feb
ruar
y 20
14
$3.5
0w
ww
.bu
sin
essi
nca
lgar
y.co
m
Calgar
y Cham
ber
Sect
ion
page 85
Junior Achievement boosters David O’Brien and Todd Poland motivate Calgary students and inspire the workforce of tomorrow
Paying ItForward
[Event Planning & Catering[Event Planning & CateringEvent Planning & Catering[Event Planning & Catering[The Big Business of Calgary Meetings and Conventions
Education MBA
TheROIon
MBAs
Dress for Success
The Season of Professional Style[[+
™ Trademarks of Alberta Treasury Branches.
SAVING І BORROWING І INVESTING І KNOW-HOW
We do. We really do.
Let’s grow old together.
We promise to love you unconditionally, support you in all your dreams and successes, and be with you forever and ever. We think you deserve the best, and we can’t wait to find new ways to show our commitment to you everyday.
We’re made for each other. And we want to grow old with you.
ATB takes you, dear Albertan, to be our partner.
Attracted to us? atb.com/careers
•30yearslocallyownedandmanaged•Exceptionalquality,expertiseandvalue•Relationship-focusedforclientsatisfaction
T R U S T E D • R E L I A B L E • K N O W L E D G E A B L E | P H O N E 4 0 3 - 2 5 2 - 1 1 2 0 | C E N T R O N G R O U P. C O M
OtherLeasingOpportunities
Crossroads Business Park-GrandePrairie•150,000SqFtofoffice&lightindustrial•3,000-10,000+SqFtbays•Immediateoccupancy
Blackfoot Point-Calgary•8820BlackfootTrailS.E.•135,000SqFtof1-2story,firstclassofficespace•NowreadyforTenantfixturing
NOW
L E A S I N G
FeaturedProject524 – 10th Avenue S.W.
FindyourselfcentrallylocatedattheheartofCalgary’sfuture,withexcellentaccessibilityand
fantasticamenitieswithinwalkingdistance.TheC-Trainisashortwalkaway.
Features:NetRentableArea:616,500sqft
Numberoffloors:14storiesEastTowerTypicalFloorplate:24,850sqftWestTowerTypicalFloorplate:23,350sqft
ParkingStalls:4levels,456stalls
Inquiries: [email protected]
Centronspecializesinrealestatedevelopment,leasing,salesandconstructionofoffice,retail,industrialandmulti-family
residentialprojects.
NOW
L E A S I N G
For more information visit CentronGroup.com
NOW LEASING
Completion 2017
OFFICE
INDUSTRIAL
RETAIL
RESIDENTIAL
CONSTRUCTION
Currently Seeking:Toplevelconstructionprofessionalsforsiteandofficepositions
™ Trademarks of Alberta Treasury Branches.
SAVING І BORROWING І INVESTING І KNOW-HOW
We do. We really do.
Let’s grow old together.
We promise to love you unconditionally, support you in all your dreams and successes, and be with you forever and ever. We think you deserve the best, and we can’t wait to find new ways to show our commitment to you everyday.
We’re made for each other. And we want to grow old with you.
ATB takes you, dear Albertan, to be our partner.
Attracted to us? atb.com/careers
•30yearslocallyownedandmanaged•Exceptionalquality,expertiseandvalue•Relationship-focusedforclientsatisfaction
T R U S T E D • R E L I A B L E • K N O W L E D G E A B L E | P H O N E 4 0 3 - 2 5 2 - 1 1 2 0 | C E N T R O N G R O U P. C O M
OtherLeasingOpportunities
Crossroads Business Park-GrandePrairie•150,000SqFtofoffice&lightindustrial•3,000-10,000+SqFtbays•Immediateoccupancy
Blackfoot Point-Calgary•8820BlackfootTrailS.E.•135,000SqFtof1-2story,firstclassofficespace•NowreadyforTenantfixturing
NOW
L E A S I N G
FeaturedProject524 – 10th Avenue S.W.
FindyourselfcentrallylocatedattheheartofCalgary’sfuture,withexcellentaccessibilityand
fantasticamenitieswithinwalkingdistance.TheC-Trainisashortwalkaway.
Features:NetRentableArea:616,500sqft
Numberoffloors:14storiesEastTowerTypicalFloorplate:24,850sqftWestTowerTypicalFloorplate:23,350sqft
ParkingStalls:4levels,456stalls
Inquiries: [email protected]
Featured Project524 – 10th Avenue S.W.
Centronspecializesinrealestatedevelopment,leasing,salesandconstructionofoffice,retail,industrialandmulti-family
residentialprojects.
NOW
L E A S I N G
For more information visit CentronGroup.com
NOW LEASING
Completion 2017
OFFICE
INDUSTRIAL
RETAIL
RESIDENTIAL
CONSTRUCTION
Currently Seeking:Toplevelconstructionprofessionalsforsiteandofficepositions
Contact: Shawn Reain
403 509 6373
Canada offers some of the most lucrative tax credits in the world, under the Scientifi c Research & Experimental Development (SR&ED) investment tax credit program. Our team can help you through each step of the process, so you get the most out of your SR&ED claim.
www.pwc.com/ca/dbia
Innovation pays
© 2014 PricewaterhouseCoopers LLP, an Ontario limited liability partnership. All rights reserved. 3608-01a
3608-01 PwC BVF SRED_BusinessInCalgary_revised.indd 1 14-01-09 12:27 PM
Client: ShawJob name: Sept Bus - Speed / Prof. ServicesDoCket #: C13-1365aD #: SCS7193Pub: Business in Edmonton/CalgaryaD SPaCe: Full Page
outPut SCale: NoneFontS: Shaw
trim: 7.875” x 10.75”SaFety: 6.875” x 9.75”bleeD: 8.375” x 11.25”inSertion Date: NonePPi: 300
ProoF #: 4Date: 9-30-2013 8:58 AM
Cyan Magenta Yellow Black
Studio WHIP:Volumes:Studio WHIP:SHAW:P-Dockets:P13-1365_Business_Sept_Campaign:SCS7193:MAG:SCS7193_Business_In_Edm_Calg_7.875x10.75.indd
Business Internet speeds of up to 100 Mbps*
* Translation: “Your videoconferences won’t—ound—ike—thi—nymore.”
Shaw Business Internet is ultra-fast, secure and reliable. Plus, you can stay connected with:• 24/7 local customer support• Complimentary service calls
• Custom email addresses• Static IP availability
Call us today at 1-877-SHAW-BIZ (742-9249) or visit shaw.ca/business
SCS7193_Business_In_Edm_Calg_7.875x10.75.indd 1 9/30/13 8:58 AM
Contact: Shawn Reain
403 509 6373
Canada offers some of the most lucrative tax credits in the world, under the Scientifi c Research & Experimental Development (SR&ED) investment tax credit program. Our team can help you through each step of the process, so you get the most out of your SR&ED claim.
www.pwc.com/ca/dbia
Innovation pays
© 2014 PricewaterhouseCoopers LLP, an Ontario limited liability partnership. All rights reserved. 3608-01a
3608-01 PwC BVF SRED_BusinessInCalgary_revised.indd 1 14-01-09 12:27 PM
Client: ShawJob name: Sept Bus - Speed / Prof. ServicesDoCket #: C13-1365aD #: SCS7193Pub: Business in Edmonton/CalgaryaD SPaCe: Full Page
outPut SCale: NoneFontS: Shaw
trim: 7.875” x 10.75”SaFety: 6.875” x 9.75”bleeD: 8.375” x 11.25”inSertion Date: NonePPi: 300
ProoF #: 4Date: 9-30-2013 8:58 AM
Cyan Magenta Yellow Black
Studio WHIP:Volumes:Studio WHIP:SHAW:P-Dockets:P13-1365_Business_Sept_Campaign:SCS7193:MAG:SCS7193_Business_In_Edm_Calg_7.875x10.75.indd
Business Internet speeds of up to 100 Mbps*
* Translation: “Your videoconferences won’t—ound—ike—thi—nymore.”
Shaw Business Internet is ultra-fast, secure and reliable. Plus, you can stay connected with:• 24/7 local customer support• Complimentary service calls
• Custom email addresses• Static IP availability
Call us today at 1-877-SHAW-BIZ (742-9249) or visit shaw.ca/business
SCS7193_Business_In_Edm_Calg_7.875x10.75.indd 1 9/30/13 8:58 AM
6 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
Return undeliverable Canadian addresses to circulation dept.1025 101 6th Ave. SW Calgary, AB T2P [email protected]
www.businessincalgary.com
PUBLISHERSPat Ottmann & Tim Ottmann
EDITORJohn Hardy
COPY EDITORSLisa Johnston & Nikki Mullett
ART DIRECTORCher Compton
CONTRIBUTING DESIGNERJessi Evetts
ADMINISTRATIONNancy Bielecki
[email protected] Hogan
REGULAR CONTRIBUTORSRichard Bronstein
Frank Atkins David ParkerLonnie TateMary Savage
THIS ISSUE’S CONTRIBUTORSHeather Ramsay
Stewart McDonoughAndrea Mendizabal
Parker GrantNerissa McNaughton
Colleen Wallace
PHOTOGRAPHYCover photo courtesy of
Ewan Nicholson Photography Inc.
ADVERTISING SALESKerri McMahon
[email protected] Neil
[email protected] Joan O’Neil
[email protected] Dehner
DIRECTORS OF CUSTOM PUBLISHING
Bernie [email protected]
Tiffany-Sarah [email protected]
EDITORIAL, ADVERTISING &ADMINISTRATIVE OFFICES
1025, 101 6th Ave. SWCalgary, AB T2P 3P4
Tel: (403) 264-3270/Fax: (403) 264-3276Email: [email protected]
SUBSCRIPTIONSOnline at www.businessincalgary.com
Annual rates: $31.50; $45 USA; $85 InternationalSingle Copy $3.50
Business in Calgary is delivered to over 33,500 business people every month including all
registered business owners in Calgary, Banff, and Canmore, and the Calgary Chamber
of Commerce members.
The publisher does not assume any responsibility for the contents of any advertisement, and all rep-resentations of warranties made in such advertising are those of the advertiser and not of the publisher. No portion of this publication may be reproduced,
in all or in part, without the written permission of the publisher. Canadian publications mail sales
product agreement No. 41126516
Contents Volume 24 • Number 2
31
85
Feb
ruar
y 20
14
$3.5
0w
ww
.bu
sin
essi
nca
lgar
y.co
m
Calgar
y Cham
ber
Sect
ion
page 85
Junior Achievement boosters David O’Brien and Todd Poland motivate Calgary students and inspire the workforce of tomorrow
Paying ItForward
[Event Planning & Catering[Event Planning & CateringEvent Planning & Catering[Event Planning & Catering[The Big Business of Calgary Meetings and Conventions
Education MBA
TheROIon
MBAs
Dress for Success
The Season of Professional Style[[+4358 38
On our cover…
JASA Economic Futures Council members - David O’Brien and Todd Poland
85
[[[
COVER31 • Paying It Forward Junior Achievement boosters David O’Brien and Todd Poland motivate Calgary students and inspire
the workforce of tomorrow By John Hardy
businessincalgary.com@BusinessinYYC
Find us online! EXPECT MORE
SCHOLARSHIPS
SMALL CLASS SIZES
OUTDOOR EDUCATION
ACADEMIC EXCELLENCE
CITY-WIDE BUSING
What is different about Strathcona-Tweedsmuir?
Everything.
Alberta’s only Grades 1 – 12 full IB independent school.
@BusinessinYYC
EXPECT MORE
SCHOLARSHIPS
SMALL CLASS SIZES
OUTDOOR EDUCATION
ACADEMIC EXCELLENCE
CITY-WIDE BUSING
What is different about Strathcona-Tweedsmuir?
Everything.
Alberta’s only Grades 1 – 12 full IB independent school.
8 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
Contents Volume 24 • Number 2
THIS MONTH’S FEATURES 22 • Investing in 2014 Three of Calgary’s advisers show us how savvy investors make
money work By Nerissa McNaughton
38 • The ROI on MBAs MBAs are becoming a basic requirement, particularly for
certain levels of management By John Hardy
43 • The Season of Professional Style Always dress for the job you want, not the job you have By Colleen Wallace
50 • The Green Momentum The industry is doing a lot better than it gets credit for By Parker Grant
54 • Money Matters Five years later, Canadians are starting to shake off the
shock of 2008 and 2009 and fi nd a sense of optimism in the economy and longer term fi nancial planning.
By Heather Ramsay
58 • The Big Business of Calgary Meetings and Conventions
The guesstimated value of an out-of-town delegate is more than $330 per overnight stay
By John Hardy
70 • Real Estate Update Alberta to maintain the lead. Experts anticipate that the
province will outperform in national housing this year. By Heather Ramsay
REGULAR COLUMNS
10 • Return of the Storytellers By Richard Bronstein
12 • The Mayor and the Myths By Frank Atkins
14 • U.S. Real Estate Market By Lonnie Tate
85 • Leading Business
89 • The Calgary Report Current developments for Calgary Telus Convention Centre,
Tourism Calgary, Calgary Economic Development, and Innovate Calgary
94 • Marketing Matters By David Parker
COMPANY PROFILES
71 • John Haddon Design Designing a Lifelong Passion…John Haddon Design celebrates
30 years
77 • Q’Max Solutions Inc. 20th Anniversary
81 • NGC Compression Solutions Celebrates 10 Years
BDO HAS THE TAX SOLUTIONSTO MEET YOUR GROWINGBUSINESS NEEDS
We offer personalized service to entrepreneurial businesses like yours to help you meet your professional needs. Our tax advisors can work with you now and year-round to help you minimize your taxes and maximize your profits.
What makes us unique:
• Many of our local tax professionals specialize in US and international tax• We offer a wide range of services — from mergers and acquisitions
to business transitions• Our team proudly serves various clients, including entrepreneurs and
consumer business
Assurance | Accounting | Tax | Advisory
620 – 903 8th Avenue SWCalgary AB T2P 0P7403 266 5608www.bdo.ca
43
58
54
22
434343
BDO HAS THE TAX SOLUTIONSTO MEET YOUR GROWINGBUSINESS NEEDS
We offer personalized service to entrepreneurial businesses like yours to help you meet your professional needs. Our tax advisors can work with you now and year-round to help you minimize your taxes and maximize your profits.
What makes us unique:
• Many of our local tax professionals specialize in US and international tax• We offer a wide range of services — from mergers and acquisitions
to business transitions• Our team proudly serves various clients, including entrepreneurs and
consumer business
Assurance | Accounting | Tax | Advisory
620 – 903 8th Avenue SWCalgary AB T2P 0P7403 266 5608www.bdo.ca
10 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
Return of the Storytellers • Richard Bronstein
BY RICHARD BRONSTEIN
In March this year, the Indian Residential Schools Truth and Reconciliation Commission will hold a “national event” in Edmonton. Later this year, the fi nal such
national event will take place in Ottawa and thus draw to a close the formal process that was begun in the nation’s capital on June 2, 2008.
The purpose of the Truth and Reconciliation Commission was to get at the truth of what happened to native children, and their families, during the Indian residential school sys-tem that operated in Canada following the passage of the Indian Act in 1876 until the last school closed in 1996.
Christian churches, mainly the Catholic Church of Canada and the Anglican Church of Canada, ran most of the schools. The best estimate is that 150,000 First Nations children attended these schools. There are said to be about 80,000 aboriginal survivors alive today who attended these schools.
Did I say attended? The majority of native children attended day schools on
reserve. But many First Nations communities did not have their own schools so the government made it mandatory that they go to residential schools – in other words they were forced to attend. These children were often forcibly removed from their families, taken to locations hundreds of miles from home, making visits by family members impossible. Their residences were often crude and the food and customs totally strange. They were barred from speaking their ances-tral languages, depriving them of their culture. Many were exposed to physical and sexual abuse at the hands of staff. Medical care was often lacking so many children suffered serious illnesses. Many died of tuberculosis because of poor housing and malnutrition. Fires claimed some lives because the children were often locked in their rooms to prevent them from escaping.
In a recent interim report, the Truth and Reconciliation Commission has determined that more than 4,000 of these schoolchildren died while in the residential school system. But that number is sure to increase as commission research-ers continue to pour over thousands of more documents at Library and Archives Canada, as well as provincial records and fi les from churches.
If these facts aren’t shameful enough, there is the added
insult that many died and were disposed of in anonymity. A unit of the commission has established “The Missing Chil-dren Project” to document the names of those who died and where they were buried.
After years of trying to draw attention to this genocide, First Nations fi nally launched a class action suit against the federal government and the churches. The churches involved escaped responsibility for their actions because they pleaded the legal process would bankrupt them. But the federal government did step in and offered a system of cash compensation in 2008 for those who suffered abuse in the residential school system. Also in 2008 Prime Minister Stephen Harper issued an offi cial apology for the actions of previous federal governments. As part of the settlement, Harper’s government agreed to set up the Indian Residen-tial Schools Truth and Reconciliation Commission, which is chaired by Honourable Justice Murray Sinclair of the Court of Queen’s Bench and the fi rst aboriginal judge in Manitoba.
The purpose of the commission is to create a truthful his-torical record of what happened when the residential school system was in place and to open the possibility of recon-ciliation. I’m not sure how successful we will be on the reconciliation part, but acknowledging the truth is more than half the battle.
I once met a refugee from Africa who spent some of his youth as a child soldier and I’ll never forget when he said, “Being able to tell your story is the fi rst step from being a victim to being a survivor.” I relate to that personally because as a child of Holocaust survivors I can vouch that not a day goes by when I don’t think about the horrors my parents went through. It was also brought home when my daughter served as a research assistant for anthropol-ogy Professor Ronald Niezen of McGill University during the fi rst national event of the commission in Winnipeg in 2010.
I am also reminded of a quote by Métis leader Louis Riel: “My people will sleep for one hundred years, but when they awake, it will be the artists who give them their spirit back.”
After 200 years of being muted by our society, First Nations storytellers are gaining their voice again. We will all gain by that in ways we don’t even understand yet. BiC
Return of the Storytellers
For more information, please visit www.woodauto.ca and www.okotoksford.net, or call 403.253.2211
The new and improved Okotoks Ford Lincoln is open and ready for business.
T
WOODAUTOMOTIVE
WOODAUTOMOTIVE
WOODAUTOMOTIVE
WOODAUTOMOTIVE
Wood Automotive Group:
Okotoks Ford Lincoln
For more information, please visit www.woodauto.ca and www.okotoksford.net, or call 403.253.2211
The new and improved Okotoks Ford Lincoln is open and ready for business.
There is much to be said about hard work, dedication, genuine service and a passion to continually improve.
Over the past 30 years, the Wood Automotive Group has been synonymous with those traits and is pleased to announce the most recent addition to the group – the opening of the new Okotoks Ford Lincoln.
Having been a cornerstone in Okotoks for many years, the business had quickly outgrown its existing location and last year the timing was right to expand. The team is very proud of the new build-ing which features 34,000 square feet, thoughtful design, integrated technol-ogy throughout and designated space for community use.
“We wanted to ensure that we did our due diligence for this building. We have always been dedicated to providing the best products, service and experiences for our customers. We are very pleased with the new building and the state-of-the-art technologies it features,” explains Gerry Wood, president of the Wood Automotive Group. “It was also very impor-tant that we included space for community use. We have always believed in the importance of giving back.”
In addition to the community space on the second floor (which includes a meeting lounge, boardroom and kitchen), the facility boasts a bright and open show-room (with iPads at each vehicle featuring specifications, options and pricing), indoor service drive-thru bays for up to eight vehicles simultaneously (showcasing advanced alignment quick-check machines), two indoor delivery bays, customer lounge, parts and service centre, office spaces, and an innovative and spacious shop for mechani-cal service, auto body work and more.
“Quality and convenience are paramount. That is why we have created a truly one-stop shop for our customers. We have streamlined the entire process to ensure greater efficiencies and quality of service. Our customers can be confident that their vehicle is being serviced properly and by some of the most skilled individuals in the industry.
With the most leading edge technology and resources available, our custom shop has quickly become the envy of some,” says Frank Allen, general manager of Okotoks Ford Lincoln.
While Okotoks Ford Lincoln provides small-town appeal, it also offers access to the other dealerships within the group. “With over $25 million of new and $5 million of used inventory, we can find exactly what our custom-ers are looking for. We have a very dedicated team of employees, many of which have been with us for years. Ongoing business and referrals are the greatest compli-ment any business can receive,” says Mr. Wood.
In addition to the construction of the new building in the heart of Okotoks, the former building has been com-pletely renovated and is now the “Okotoks Quick Lane” (tire and auto centre). The first of its kind in Canada, this new business division will offer oil changes, tires, servic-ing and detailing to all makes and models.
Gerry Wood is truly proud and humbled by the new ventures and his entire team. “The growth and success of our business is the direct result of the hard work and dedication of many people. We’re excited to open our new doors to our customers and the greater community.”
WOODAUTOMOTIVE
WOODAUTOMOTIVE
WOODAUTOMOTIVE
WOODAUTOMOTIVE
Gerry Wood, president of Wood Automotive Group; and Frank Allen, general manager of Okotoks Ford Lincoln.Gerry Wood, president of Wood Automotive Group; and Frank Allen, general manager of Okotoks Ford Lincoln.
Wood Automotive Group:
Okotoks Ford Lincoln
“Quality means doing it right when no one is looking.” ~ Henry Ford
12 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
The Mayor and the Myths • Frank Atkins
BY FRANK ATKINS
In September of 2007 I wrote an article in this magazine titled “The Myth of Affordable Housing.” As
a result, I received a great deal of angry response from the progres-sive end of the political spectrum. However, I still stand by my original point: there is no such thing as afford-able housing; this is just a euphemism for subsidized housing. This is more than just a semantic point, especially given Mayor Nenshi’s stated num-ber one priority for 2014. Mr. Nenshi has stated that he would like to fi nd a way to deal with what he calls the affordable housing crisis. In listening to the mayor discuss this issue, I get the impression that the callous build-ers in Calgary are not building enough affordable housing. Now, if we called it subsidized housing, then we would all realize that in order to build more subsidized housing, we would require more subsidies. These would have to come from taxpayers, and this would imply higher taxes for higher subsidies to build more subsidized housing. The mayor wants it both ways; he does not want to talk higher taxes, but he wants to spend more taxpayer money.
Some of this subsidized hous-ing seems to be aimed at individuals who come here to seek employment. In a news story on January 2, 2014, 660News stated, “Economists have
warned a lack of affordable housing could stifl e the parade of jobseekers to the city; workers which are needed to help grow the economy.” The econo-mists remained unnamed in this story. However, this appears to be an odd thing for any economist to say. Why should taxpayers subsidize housing for those who are coming here to seek employment? If employers are in need of new employees, and individuals are reluctant to move here due to the cost of housing, then there is a perfectly viable market solution: those in need of new employees should raise their wage rates so that new employees can afford to live here. Interestingly, this should reduce the oil and gas profi ts and make anti-oil progressives like Mr. Nenshi very happy.
This leads to a further myth. If you read Jason Markusoff’s year-end interview with Mr. Nenshi, you will discover the following set of contra-dictions. (I am not attributing these contradictions to Mr. Markusoff, but rather to Mr. Nenshi.) Mr. Marku-soff states, “Without major civic tax reform, city council will struggle to shift away from annual fi ve per cent tax increases in its next multi-year budget, Mayor Naheed Nenshi indi-cated in a year-end interview.” He then goes on to state that Mr. Nenshi will, “…continue pushing in 2014 for a city
charter that gives Calgary new reve-nue-generating powers….” So, instead of raising property taxes, Mr. Nenshi wants other taxing powers so that he can raise taxes in another manner. Now, there are economic arguments concerning the ineffi ciencies associ-ated with reliance on property taxes, but does anyone really think that the granting of new taxing powers to the city will be accompanied by a lower-ing of property taxes. Anyone who believes this will also believe that any introduction of a provincial sales tax in Alberta will be accompanied by a decrease in income tax.
What I think that Mr. Nenshi knows but will not admit is that running a progressive administration is very expensive. No government has any money that can be called their own; it all comes from taxpayers. Therefore, progressive administrations require higher taxes. To not admit this openly is to engage in political doublespeak. BiC
FRANK ATKINS IS AN ASSOCIATE PROFESSOR OF ECONOMICS AT THE UNIVERSITY OF
CALGARY, A SENIOR FELLOW AT THE FRONTIER CENTRE FOR PUBLIC POLICY AND A MEMBER OF THE ADVISORY BOARD OF THE INSTITUTE
FOR PUBLIC SECTOR ACCOUNTABILITY.
The Mayor and the Myths
14 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
U.S. Real Estate Market • Lonnie Tate
BY LONNIE TATE
Here (as the Americans say) is some “breaking news”: U.S. vacation property sales prices are fl at. That news is somewhat different than the hype I read in
the press. So, if you are thinking about a second home in the warm parts of the U.S., consider the facts in my Palm Springs community.
Some background: My wife and I have a condominium at The Desert Princess in Cathedral City and we love it. It is a middle-class, gated community with a high-end fi nish and a good members’ golf course. There are almost 1,100 units: about 700 condominiums (for the most part two and three bedrooms averaging 1,275 square feet) and about 400 stand-alone villas (two and three bedrooms averaging 1,650 square feet).
The community’s December issue of its news magazine carried an analysis of Multiple Listing Sales for the past 10 years. Cutting through a sack full of numbers, here is my synopsis:
• There was a steady decline in prices from 2007 to 2012;
• Average and median prices for 2013 were slightly higher than those for 2012 but the increase was not statistically signifi cant;
• Sales volumes (in all categories) for the 10 months ended October 31, 2013, were almost double those of each of the preceding three years;
• Average and median sales prices in 2013 are about one third less than those realized in 2007 when sales vol-umes were about the same; and
• In the interest of full disclosure, we bought in 2007 for about US$230,000. Our three-bedroom, 1,325-square-foot condo would fetch $150,000 … we are bang on the averages.
I draw a number of conclusions from these facts and some other anecdotal knowledge.
This is not my defi nition of a recovery. Sale prices seem to have bottomed. Every time there is a little increase in some part of the market, the press in this valley goes crazy announcing a real estate boom. It just ain’t so!
Resale inventories are shrinking. In addition to MLS sales, there have been a lot of bank foreclosure sales in the last 18 months. Generally, they sell for less than MLS listings and there is no way of telling how many have sold.
There is still a fairly signifi cant inventory of resale houses. But for a surge to take place, there has to be demand … and I think there is not much of that. This valley is a golf Mecca and has 130 golf courses – all are struggling as they com-pete for fewer and fewer golfers. Private course entry fees are nosediving and public and semi-private green fee prices continue to deteriorate. The decline in golf is causing weak-ness in this housing market.
More anecdotal stuff: In the desert, my wife and I have a lot of golf buddies, bridge partners, dining friends and so on. Over the past two years, perhaps a dozen have had their units up for sale and not sold. We hear: “My price is fair, I’m waiting for my price, the market is coming to me … what-ever. They are not getting any traffi c through their places because their asking price is too high.
Buyers, too, are prepared to wait for their price and sooner or later, those high-priced guys come to their senses. In the interim, most owners rent their places for the winter season and cover operating costs and some of their mortgage interest.
Did I say mortgage interest? You bet! We know and/or meet all kinds of people who have mortgages on two or three properties and are moonlighting, or consulting or working two jobs to make ends meet. It is the American way – they are driven by interest deductibility for income tax purposes. In defi ning differences between the U.S. and the Canadian owners, I have a rule of 90 per cent: 90 per cent of U.S. owners have mortgages, 90 per cent of Canadians don’t.
So there are a fair number of “motivated” sellers. If you fi nd one of these folks, there is some leverage in favour of a buyer because the spouse of the seller is fed up with feeding several mortgages.
To conclude, I think the time to buy has come … but there is no need to rush. The market has bottomed but is unlikely to rocket forward any time soon. If you take care, there are still a lot of good deals out there. BiC
U.S. Real Estate Market
Available exclusively at
Come join us for ourOpen House at
Open Range restaurant
1114 Edmonton Trail NE
March 6, 2014After 6pm
Please RSVP to [email protected]
Showcasing
Monitor Audio Platinum speakers
Available exclusively at
Come join us for ourOpen House at
Open Range restaurant
1114 Edmonton Trail NE
March 6, 2014After 6pm
Please RSVP to [email protected]
Showcasing
Monitor Audio Platinum speakers
16 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
News • Off the Top
The Calgary Public Library is very pleased to announce that Bill Pta-cek (pronounced puh-TASS-ic) has been appointed CEO effective Feb-ruary 2014. Ptacek joins the library from King County Library System in western Washington state, where his leadership and advocacy skills have played a critical role in the success of the KCLS system. He was selected as the Calgary Public Library’s CEO after an extensive search by the Calgary Public Library Board with assistance from executive recruit-ment fi rm Odgers Berndtson. The Library CEO position has been led on an interim basis by Ellen Humphrey since August 2012.
During his 25-year tenure, Ptacek’s vision and tireless efforts kept KCLS in the forefront of public libraries nationally for technology and collec-tion management, including upgrades to computer-based collection man-agement, data and materials handling systems, public computer access, administration and library staffi ng models. Under Ptacek’s leadership, KCLS has seen unprecedented growth as King County experienced economic and population growth, and local municipalities voted to join the KCLS network, which operated 36 commu-nity libraries in 1990, with annual circulation above nine million items. Voter-approved capital improvement bond measures (passed in 1988 and 2004) funded new, replacement and expanded libraries, adding nearly 515,000 square feet of library space, and annual circulation grew to more than 22 million items.
The news of Ptacek’s acceptance marks the completion of an extensive stakeholder and community consul-tation process and an international search for the Calgary Public Library. “In selecting Mr. Ptacek, the Calgary Public Library Board is assured that we have selected a strong advocate and champion for the Calgary Public
Library,” says Calgary Public Library Board chair Janet Hutchinson, “whose unique range of industry experience, signifi cant exposure to working with
boards and government, and strong leadership of larger, more complex organizations will not only continue our history of service excellence, but also will nurture and advance the system.”
Ptacek has served in leading roles in a number of local and state-wide organizations prior to his role
as library director in King County, including serving on the King County Board for Developmental Disabilities and the State of Washington Devel-opmental Disabilities Life; the King County Governance Task Force; the Opportunity Trust Fund Endowment; KCTS Public Television Advisory Board; the University of Washing-ton at Bothell Advisory Board; and the City of Bellevue Arts Commis-sion. Under his leadership, KCLS was the Library Journal’s “Library of the Year” in 2011 and the Seattle Munici-pal League’s “Outstanding Civic Organization” in 2012.
The Calgary Public Library is one of the largest public library systems in North America and the second largest public library system in Canada that leads the way in literacy development and fostering a lifelong love of read-ing. Calgarians visit the library’s 18 branches to borrow books, DVDs, e-resources and other materials more
than 17 million times a year. The Cal-gary Public Library’s digital collection is also one of the most comprehensive in the country, which includes digital newspaper and magazine subscrip-tions, ebooks, online music streaming, language learning apps and interac-tive continuing education courses. BiC
Bill Ptacek, newly appointed CEO of the Calgary Public Library
The Calgary Public Library Welcomes New CEOBill Ptacek’s tenure commences February 2014
The news of Ptacek’s acceptance
marks the completion of an extensive
stakeholder and community consultation
process and an international search for
the Calgary Public Library.
PUB: Business in Calgary AD #: IBM-1413-REVPrint Production Contact: FORMAT: Magazine FILE: 07-37876-IBM-1413-REV-SWOP.pdf
Olga Champagne TRIM: 7.875" x 10.75" CLIENT: IBM Corporation
RedWorks Delivery/Technical Support: (416) 945-2388 JOB #: P.IMN.IMNIT.13011.K.011
O G I LV Y O P E R AT O RK B
PA S SF I N A L
IBM, the IBM logo, ibm.com, IBM SmartCloud, Let’s Build A Smarter Planet, Smarter Planet and the planet icon are trademarks of International Business Machines Corp., registered in many jurisdictions worldwide. A current list of IBM trademarks is available on the Web at www.ibm.com/legal/copytrade.shtml. © International Business Machines Corporation 2013.
Can you risk less byreinventing more?Three out of four new products never make it to market, which makes some Canadian businesses shy away from being innovative. Smarter enterprises are making trial and error a strength of their development process. The scalable IBM SmartCloud® is a catalyst for accelerated creativity, helping some businesses reduce costs by up to 40%.
Let’s Build A Smarter Planet.
ibm.com/reinvent/ca@smarterplanetca
Live: 6.875"
Live: 9.75"
Trim: 7.875"
Trim: 10.75"
Bleed: 8.375"
Bleed
: 11.25"
PUB: Business in Calgary AD #: IBM-1413-REVPrint Production Contact: FORMAT: Magazine FILE: 07-37876-IBM-1413-REV-SWOP.pdf
Olga Champagne TRIM: 7.875" x 10.75" CLIENT: IBM Corporation
RedWorks Delivery/Technical Support: (416) 945-2388 JOB #: P.IMN.IMNIT.13011.K.011
O G I LV Y O P E R AT O RK B
PA S SF I N A L
IBM, the IBM logo, ibm.com, IBM SmartCloud, Let’s Build A Smarter Planet, Smarter Planet and the planet icon are trademarks of International Business Machines Corp., registered in many jurisdictions worldwide. A current list of IBM trademarks is available on the Web at www.ibm.com/legal/copytrade.shtml. © International Business Machines Corporation 2013.
Can you risk less byreinventing more?Three out of four new products never make it to market, which makes some Canadian businesses shy away from being innovative. Smarter enterprises are making trial and error a strength of their development process. The scalable IBM SmartCloud® is a catalyst for accelerated creativity, helping some businesses reduce costs by up to 40%.
Let’s Build A Smarter Planet.
ibm.com/reinvent/ca@smarterplanetca
Live: 6.875"Live: 9.75"
Trim: 7.875"Trim
: 10.75"
Bleed: 8.375"B
leed: 11.25"
18 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
Christmas came early for Bow Valley College (BVC) thanks to RBC’s generous donation of $250,000, which will go towards the establish-ment of the RBC Business Accelerator Centre in Bow Valley College’s School of Business.
For many entrepreneurs, creating and sustaining a unique, profi table business is daunting. However, the RBC Business Accel-erator Centre aims to overcome those barriers by providing entrepreneurs with the essential foundational skills needed for business devel-opment, fi nancial management and other key aspects of developing and operating a business.
“We saw an opportunity to address a need by focusing the RBC Business Accelerator Centre on community-based entrepreneur-ship,” says Bow Valley College president and CEO Sharon Carry. “This form of entrepre-neurship is already a unique strength of the college. With this generous support from RBC, we are ready to develop new entrepreneurs.”
The RBC Business Accelerator Centre will promote sus-tainability in an enriching and collaborative environment
through the provision of resources, instruction, coaching and mentorship.
“At RBC, we believe an investment in education is one of the most important ways we can give back,” says Bruce MacKenzie, regional president, RBC Royal Bank. “Through
News • Off the Top
Bow Valley College Received Early Christmas Gift from RBC
www.solvemobility.com 403.910.0690
Solve Mobility Services Inc.
on plans and devices.
offers customized telecommunications solutions,meeting each client’s unique needs with
cost-reduction on domestic and global carriers.
Real-time monitoring and comprehensive consulting
NEW LOOK. NEW MENU. NEW ATTITUDE.
COME EXPERIENCE THE NEW RUSH.
BOLD, BRASH... EVOLVED.
403.271.7874207 9 Avenue SW, Calgary, ABwww.rushrestaurant.comfacebook.com/RushRestauranttwitter.com/RushRestaurant
Aspen Estates#114, 326 Aspen Glen Landing SW
Ph: 403.686.6731
Macleod Trail9223 Macleod Trail South
Ph: 403.253.4266
6th Avenue SW#181, 250 6th Avenue SW
Ph: 403.265.3837
Stadium North1935 Uxbridge Drive NW
Ph: 403.220.0222
www.redwatergrille.com facebook.com/redwateryyc
twitter.com/redwateryyc
twitter.com/redwateryyc
$20 WINE TUESDAYS$20 WINE TUESDAYS feel
good food • feel good food
Join us every Tuesday for premium bottles of select wines at all our locations!
Bow Valley College’s School of Business. Photo courtesy of Bow Valley College.
NEW LOOK. NEW MENU. NEW ATTITUDE.
COME EXPERIENCE THE NEW RUSH.
BOLD, BRASH... EVOLVED.
403.271.7874207 9 Avenue SW, Calgary, ABwww.rushrestaurant.comfacebook.com/RushRestauranttwitter.com/RushRestaurant
Aspen Estates#114, 326 Aspen Glen Landing SW
Ph: 403.686.6731
Macleod Trail9223 Macleod Trail South
Ph: 403.253.4266
6th Avenue SW#181, 250 6th Avenue SW
Ph: 403.265.3837
Stadium North1935 Uxbridge Drive NW
Ph: 403.220.0222
www.redwatergrille.com facebook.com/redwateryyc
twitter.com/redwateryyc
twitter.com/redwateryyc
$20 WINE TUESDAYS$20 WINE TUESDAYS feel
good food • feel good food
Join us every Tuesday for premium bottles of select wines at all our locations!
20 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
this donation, we are investing in the next generation of business leaders, and the growth and sustainability of the communities in which we live and work.”
The centre will also provide feedback and assessment of proposals, training and skills development, and post-pro-gram followup with successful applicants. Students will spend 10 weeks in the classroom, 14 weeks developing their projects, and then six months implementing their plans. BVC’s goal is for participants to achieve an 80 per cent suc-cess rate in starting their own business, within six months of completing the program.
Upon completion of the program, and implementation of the business, the graduates will be encouraged to continue to participate in events hosted by the Bow Valley College School of Business and to continue to use the resources offered through the centre.
Bow Valley College School of Business dean David All-wright is excited about the opportunity that the RBC Business Accelerator Centre will bring: “This generous gift from RBC will support the college’s vision of developing and supporting community-based entrepreneurship. We look forward to our fi rst intake of students at the RBC Business Accelerator Centre, and helping many future graduates of the program realize their dream of creating and running their own business.” BiC
News • Off the Top
Winner of the Business in Calgary Ipsos survey drawDonation made to Hull Services
John Phin, Director, Resource Development, Hull Services (left), accepts the donation cheque from Sabrina Szeto (right), winner of the Ipsos survey draw held in the fall of 2013.John Phin, Director, Resource Development, Hull Services (left), accepts the donation cheque from Sabrina
Ipsos Reid recently conducted a survey among Business in Calgary readers to gain insights on what readers like about our magazine. We want to thank all survey participants for sharing their feedback. Participant Sabrina Szeto was randomly selected as our prize winner, and she graciously donated her winnings to Hull Services ($1,500 prize). BiC
Call Melissa: 403.478.5459Email: [email protected]
22 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
Investing in 2014 • Investing
Investing in 2014
New Show Home Now Open!
39 Watermark Road SW in Watermark at Bearspaw
For more information please visit wolfcustomhomes.ca
Your Concierge Builder
Wolf Custom Homes
New Show Home Now Open!
39 Watermark Road SW in Watermark at Bearspaw
For more information please visit wolfcustomhomes.ca
Your Concierge Builder
Wolf Custom Homes
Three of Calgary’s advisers show us how savvy investors make money work
BY NERISSA MCNAUGHTON
22 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
The only constant is change, and that is very true in the world of wealth management. These days we have many options on how to save, grow and
invest our money. Three of Calgary’s investment advisers show us how to make our money work in 2014.
New Show Home Now Open!
39 Watermark Road SW in Watermark at Bearspaw
For more information please visit wolfcustomhomes.ca
Your Concierge Builder
Wolf Custom Homes
New Show Home Now Open!
39 Watermark Road SW in Watermark at Bearspaw
For more information please visit wolfcustomhomes.ca
Your Concierge Builder
Wolf Custom Homes
24 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
Rob Greenidge, CFP, investment and retirement planner with RBC Financial Planning, says, “Mutual funds, stocks and bonds are all very popular and important investment options, especially with the low interest rate environment that we’re currently in. To maintain purchasing power over the long term, investments
should offer returns at least as much as the rate of infl ation, which is why mutual funds, stocks and bonds are crucial for long-term investors. They can offer returns well above interest rates available on savings accounts and Guaranteed Investment Certifi -cates (GICs) for long-term investors with appropriate tolerances for risk.”
1-87-ski-banff (1-877-542-2633)
WE’LL HELP BUILD YOUR CUSTOMIZED PACKAGE. IT’S EASY. JUST GIVE US A CALL OR VISIT:
www.skibanff.com
Sunshine Mountain Lodge, located on-mountain at the
Sunshine Village Ski and Snowboard Resort is the peak
location for annual conferences, hosting clients, team-
building activities and employee retreats. Just 1 ½ hours
from Calgary, Sunshine can provide your team a one-of-
a-kind experience with little effort and travel time in our
iconic UNESCO World Heritage Site setting.
Photo:
Banff
Lake
Louise
Tourism
/ Paul Z
izkaPho
to: Ba
nff La
ke Lou
ise Tou
rism/ Pa
ul Zizka
Photo:
Banff
Lake
Louise
Tourism
/ Paul Z
izkaPho
to: Ba
nff La
ke Lou
ise Tou
rism/ Pa
ul Zizka
Investing in 2014 • Investing
Rob Greenidge, CFP, CIM, Investment & Retirement Planner, RBC Financial Planning
Are Stocks, Bonds and Mutual Funds still Popular Investing Options?
“To maintain purchasing power over the long term, investments should offer returns at least as much as the rate of infl ation, which is why mutual funds, stocks and bonds are crucial
for long-term investors.”~ Rob Greenidge
26 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
Warren Andrukow, MBA, CIM, director/wealth management/portfo-lio manager with Andrukow Wealth Management Group (Richardson GMP), agrees with Greenidge, but issues a caution. “Stocks and bonds have been popular and effective investment options for over a century, and will be for the foreseeable future. Mutual funds are also very popular (the U.S.
mutual fund industry weighs in at over $11 trillion), but investors need to be careful which ones they choose for their retirement savings as there are plenty of ‘good’ mutual funds to choose from, but unfortunately there are even more ‘bad’ ones. Examples of bad ones include those with high costs, low transparency and an investment strategy based on forecasting.”
Now there’s a way to live a life without compromise and enjoy exceptional views of the Rockies every day. The Villas at Watermark have raised the bar for a modern lock-and-leave lifestyle, with spacious, walk-out floorplans, just 20 minutes from downtown. Come and see for yourself. Register now at VillasAtWatermark.com.
Calgary’s fastest-selling villa community. From the mid $700,000s.
T: 403.474.5985
20 MINS. TO CALGARY
Classic Bearspaw Views. Brand New Villas Lifestyle.
V I L L A S ATWAT E R M A R K . C O M
CMY
This is not an offering for sale. Such an offering can only be made with a disclosure statement. E.&O.E.
Investing in 2014 • Investing
Warren Andrukow, MBA, CIM®: Director, Wealth Management, Richardson GMP Limited.
“…investors need to be careful which ones they choose for their retirement savings as
there are plenty of ‘good’ mutual funds to choose from, but unfortunately there are even more
‘bad’ ones. Examples of bad ones include those with high costs, low transparency and an
investment strategy based on forecasting.”~ Warren Andrukow
businessincalgary.com | BUSINESS IN CALGARY February 2014 • 27
Founder of Integrated Wealth Man-agement Inc., Andrew H. Ruhland, CFP, CIM, says, “All three [stocks, bonds, mutual funds] are still popular, though exchange traded funds (ETFs) are rapidly eroding the market share of mutual funds based on Canadian fund fees being the highest in the world. Long-term government bonds are far
less attractive now based on a highly probable continuation of rising inter-est rates. Shorter-term corporate bonds are more attractive than government bonds based on relatively higher yields, and the fact that most corporations are in better fi nancial shape than govern-ments. Despite the challenging global economy, stocks continue to do well.”
CALGARY REAL ESTATE “MLS MILLION DOLLAR CLUB” REMAX HALL OF FAME
purple #7447grey #431
www.tanyaeklundgroup.ca
Real Estate (Central)
A division of 4th Street Holdings Ltd. Each office is independently owned and operated.
Meet Tanya. She’s been one of Calgary’s top selling Real Estate Agents for years. She’s a true expert on Calgary’s Inner City Real Estate market, and she understands every client is as unique as their home.
Tanya takes the time to listen; to understand your wants and needs. She doesn’t expect your trust, Tanya earns it by consistently remaining honest, accessible and tenacious. That’s what sets Tanya apart.
The Tanya Eklund Group was founded on Tanya’s principles. The professionals within her group don’t work for Tanya—they work for their clients. They provide unparalleled expertise, skill and service to Calgary’s inner city.
And their clients know it.
She’s been one of Calgary’s top selling Real Estate Agents for years. She’s a true expert on Calgary’s Inner City Real Estate market, and she understands every client is as unique as their home.
Tanya takes the time to listen; to understand your wants and needs. She doesn’t expect your trust, Tanya earns it by consistently remaining honest,
professionals within her group don’t work for Tanya—they work for their clients. They provide unparalleled expertise, skill and service to Calgary’s
Investing in 2014 • Investing
“All three [stocks, bonds, mutual funds] are still popular, though exchange traded funds
(ETFs) are rapidly eroding the market share of mutual funds based on Canadian fund fees
being the highest in the world.”~ Andrew H. Ruhland
Andrew H. Ruhland, CFP, CIM; Founder of Integrated Wealth Management Inc.
28 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
What Other Options Should Today’s Investors Look Into?
Interestingly enough, not only does the answer to this question involve types of investing, but also the physi-cal method used for the transactions. Greenidge explains, “Investors may want to look at managing their own investments through an online brokerage, like RBC Direct Investing, where they pay low transaction costs. These cli-ents have shown a lot of interest in low-fee investments such as ETFs.”
Ruhland also sees ETFs as a good option for self-managed funds. “ETFs are rapidly growing in popularity among self-directed investors, but most Canadian financial advisers are
slow to fully embrace them simply because ETFs don’t pay advisers a regular trailer fee unless the client pays a separate fee for active management and the other wealth manage-ment services that most clients need. Transparency of fees is essential so that investors can always decide if they are receiving good value for what they’re paying.”
“One of the best investment options in the Canadian mar-ketplace is from a company by the name of Dimensional,” informs Andrukow. “Very few Canadian investors know of Dimensional, even though it is the eighth largest mutual fund company in the U.S. [A] recent edition of Barron’s magazine has a cover story which describes Dimensional as a market beater even though the firm believes it’s hard to beat the market and impossible to do it consistently. Savvy investors, or any investor for that matter, would be wise
to learn more about this company and their investment strategy. In the inter-est of full disclosure, we prescribe Dimensional investment vehicles across our entire client base as a core invest-ment holding. The five-year returns for Dimensional’s Canadian, U.S. and international core funds have been excellent: 13.18 per cent, 15.49 per cent, and 9.86 per cent respectively.”
What is a Good Investment Strategy for 2014?
“Everyone is different,” says Greenidge, “so before deciding on an investment strategy, it’s important to define your goals through some sort of financial planning process and then build an investment strategy with that in mind. Younger investors who are simply sav-ing for retirement have the ability to be more aggressive with their invest-ments because they have longer time horizons and can take the ups and downs that go along with a higher-risk investment strategy. Those with
| BUILDINGS | CIVIL INFRASTRUCTURE | SPECIAL PROJECTS |
We are construction partners who are passionate about what we do and about creating successful outcomes for our clients which lead to our mutual success.
We look beyond the immediate project needs to see the bigger picture: to understand your business goals, share your vision of success and work tirelessly to exceed your expectations.
Watch us build at PCL.com
Shown: Medicine Hat Regional Events Centre Rendering
Sharing your viSion. Building SucceSS.
Investing in 2014 • Investing
businessincalgary.com | BUSINESS IN CALGARY February 2014 • 29
near-term goals, such as making a down payment on new property, or who are near or are in retirement, may want to be less aggressive with the focus being preservation of capital and income.”
For Andrukow, a sound 2014 strategy is based on seven ingredients. They are:• Evidence-based (as opposed to forecasts)• Cost effective (as opposed to high-cost mutual funds and hedge funds that
have annual fees of two per cent to three per cent, or more)• Low turnover (decreases taxes owing and increases net returns)• Global diversifi cation (don’t put all your eggs in one basket!)• Value-weighted (value stocks offer higher returns over the long term)• Small-cap inclusion (most investors only buy large companies and forfeit the
benefi t of increased diversifi cation by owning large and small, not to mention the fact that small stocks consistently outperform large stocks)
• Transparency (“This is one of the reasons we [Andrukow Wealth Manage-ment Group] never buy hedge funds for our clients – hedge funds offer zero transparency.”)
Ruhland advises, “For most investors seeking a balance of growth and income with relative stability, I suggest a blend of: cash, 1-3 year high-quality corporate bonds, U.S. and Canadian blue-chip dividend paying stocks, gold and silver bul-lion ETFs and precious metal-related ETFs … but only after gold does its fi nal swan dive in the next couple months. The relative weighting of each asset class depends on individual risk tolerance, time horizon and where the markets are at any given time. Markets are dynamic so your investment strategy needs to be too.”
Additional AdviceTo conclude, each adviser provided a fi nal pearl of wisdom.
Greenidge: “Because of compound growth, the sooner you can begin investing the better. Someone who begins investing as little as $25/month in an RRSP at the age of 25 will accumulate $65,620 by the age of 65, whereas someone who starts investing at 35 and puts $50/month into an RRSP would only accumulate $60,999 by the same age. Both scenarios assume a seven per cent rate of return.”
Andrukow: “We continually educate our clients so that we can help them make good investment decisions, and equally important, so that we can help them avoid making the common investment mistakes. We consistently remind our clients of these common pitfalls, which have been concisely outlined in the following list, created by a long-standing industry professional, Nick Murray:”
The Eight Great Behavioural Mistakes:• Over-diversifi cation• Under-diversifi cation• Euphoria• Panic• Leverage• Speculating when you still think you’re investing• Investing for current yield instead of for total return• Letting your cost basis dictate your investment decisions
Ruhland: “All investing needs to meet the following criteria: 1) Be consistent with your values, beliefs and priorities for your life. 2) Be consistent with your TRUE risk tolerance – which is fl uid, not fi xed. 3) Be suffi ciently focused on growth so that your portfolio will actually help you achieve your life goals. 4) Be fl uid and dynamic, adjusting to the changing realities of all markets. Passive ‘buy and hold’ investing is a lazy approach, because things change every moment.” BiC
We have a solution for that.
taking way too long?
Is waiting for your
www.waitlistinsurance.com
Available through your Insurance BrokerAvailable through your Insurance BrokerPlease contact: 587-888-1886
or call 1-866-662-8062
Investing in 2014 • Investing
businessincalgary.com | BUSINESS IN CALGARY February 2014 • 31
There’s a fascinating, new social trend known as paying it forward. Made popular by a 10-year-old bestselling book and movie, the unusual idea has become a popular reality
and is sometimes referred to as a random act of kindness. It happens without warning or fanfare; rarely involves
recognition or thanks; and there are no typical situations. Customers, spontaneously, surprisingly and unexpectedly
paying the bill for total strangers. Like last year at a Win-
nipeg Tim Hortons, 228 drive-thru customers anonymously ‘paid it forward’ for three hours, picking up the tab for the people behind them and then, just drove away. The coffee shop manager called it “an avalanche of kindness.”
There are occasional reports about anonymous passersby paying it forward and slipping coins into expired parking meters. Or nameless diners leaving unusually large tips for shocked but delighted servers.
Junior Achievement boosters David O’Brien and Todd Poland motivate Calgary students and inspire
the workforce of tomorrow
BY JOHN HARDY
Paying ItForward
Paying it Forward • Cover
Dav
id O
’Brie
n (L
) and
Tod
d Po
land
(R).
Phot
o by
Ew
an N
icho
lson
Pho
togr
aphy
.
32 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
Of course, paying it forward is much quirkier, impulsive and different from the tremendous caring and support that is planned, formal and vitally important philanthropy.
In many ways, the spirit, the thought and the generos-ity between philanthropy and paying it forward is somehow similar.
The dynamic and innovative Junior Achievement of Southern Alberta (JASA) is founded on the principles and focus of investing in the skills and employment future of Southern Alberta’s youth.
With sincere appreciation and delight, JASA is experienc-ing glimmers of the pay-it-forward trend.
“For more than 50 years, Junior Achievement of Southern Alberta has been engaging Southern Alberta’s business and community leaders in the mission of helping students develop an entrepreneurial attitude, a solid and practical understand-ing of business, fi nance and a solid commitment to their community,” says Scott Hillier, president and CEO of JASA.
“We have various programs and we try to be a link between education and the business world by giving stu-dents the confi dence and knowledge they need to defi ne personal success, enhance their workforce readiness and pursue their dreams.”
He speaks with gusto and appreciation about the invalu-able business and community (monetary and volunteering) support that continues to make the work of JASA possible.
Hillier is a tireless, gung-ho JA booster who virtually eats, breathes and sleeps Junior Achievement and easily lapses into enthusiastically explaining and pitching the group’s focus and goals or specifi c details about some of the vari-ous business, entrepreneurship and fi nancial literacy skills programs offered by JA in Southern Alberta.
“Economics for Success is a popular and very exciting program for students in Grades 9 and 10. It encourages them to take a closer look at the advantages of staying in school,” he underscores with his trademark positive, high energy. “It emphasizes the link between education and personal goals and helps students not only explore and manage job and career choices but make sound life decisions.”
As Hillier seamlessly and effusively switches into proudly outlining JASA’s unique Investment Strategies Program (ISP), it triggers a random but perfect example of a recent pay-it-forward situation in the Calgary business community.
The ISP program was inspired by Calgary business icon, RBC chair, recently retired Encana chair, philanthropist and long-term JASA supporter David O’Brien.
“About 15 years ago, when I fi rst got involved with Junior Achievement, it allowed me to fi nally do something rele-vant about something I had been concerned about for a long time,” O’Brien recalls with conviction.
“There is an important gap in the education system or maybe it’s partially the poor decisions students may have made in school but teachers don’t spend enough time teach-ing young people about the relevance, the importance and the real impact of business and the economy.”
After being introduced to Junior Achievement, the driven and focused business professional decided to walk the walk. He made a sizable personal donation and also contributed his time and expertise to inspire the creation of the ground-breaking ISP program (www.investja.org) which continues to be unique to JA in Alberta and will likely be adopted by other Canadian JA chapters in the next few years.
Nobody could have known that serendipity was already happening and that O’Brien’s creative inspiration would eventually lead to a special, pay-it-forward JASA moment.
Just about the time that the Calgary senior executive was getting involved with Junior Achievement, 20-year-old Todd Poland was starting his fi rst day as a portfolio manager with Wood Gundy in Calgary.
Eight years before that, as a typical 12 year old, growing up in the then obscure, outlying Calgary-neighbourhood of Okotoks, Poland’s father made his son a deal: to give him money that he would only use to invest in the stock market.
“I kept checking the stock pages in the newspaper and picked out familiar, solid names I knew. I bought Coca-Cola and Mattel,” Poland chuckles and remembers. “But, among other reasons, my timing was lousy. I didn’t make money with either. But I remember JASA used to come and make
Paying it Forward • Cover
Nobody could have known that serendipity was already happening
and that O’Brien’s creative inspiration would eventually lead to
a special, pay-it-forward JASA moment.
Just about the time that the Calgary senior executive was getting
involved with Junior Achievement, 20-year-old Todd Poland was starting
his fi rst day as a portfolio manager with Wood Gundy in Calgary.
IF IT’S A GOOD TIME TO SELL, IT’S A GREAT TIME FOR A SUCCESSION PLAN.Choosing the best time to successfully transition your business is just as important as all the time you’ve spent making your business successful. With an ExitSMART™ succession plan, you’ll be prepared to take care of your family, finances and stakeholders whenever it’s the best time for you. To ExitSMART™, contact Dave Zimmel, CA at 403.537.8415 or [email protected]
ExitSMART.ca
IF IT’S A GOOD TIME TO SELL, IT’S A GREAT TIME FOR A SUCCESSION PLAN.Choosing the best time to successfully transition your business is just as important as all the time you’ve spent making your business successful. With an ExitSMART™ succession plan, you’ll be prepared to take care of your family, finances and stakeholders whenever it’s the best time for you. To ExitSMART™, contact Dave Zimmel, CA at 403.537.8415 or [email protected]
ExitSMART.ca
IF IT’S A GOOD TIME TO SELL, IT’S A GREAT TIME FOR A SUCCESSION PLAN.Choosing the best time to successfully transition your business is just as important as all the time you’ve spent making your business successful. With an ExitSMART™ succession plan, you’ll be prepared to take care of your family, finances and stakeholders whenever it’s the best time for you. To ExitSMART™, contact Dave Zimmel, CA at 403.537.8415 or [email protected]
ExitSMART.ca
IF IT’S A GOOD TIME TO SELL, IT’S A GREAT TIME FOR A SUCCESSION PLAN.Choosing the best time to successfully transition your business is just as important as all the time you’ve spent making your business successful. With an ExitSMART™ succession plan, you’ll be prepared to take care of your family, finances and stakeholders whenever it’s the best time for you. To ExitSMART™, contact Dave Zimmel, CA at 403.537.8415 or [email protected]
ExitSMART.ca
34 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
presentations in our high school classroom. I took some of the courses and I got interested in the fi nancial side of the business world.
“A few years after I started at Wood Gundy, JASA made an Investment Strategies Program presentation in our com-pany’s board room,” he recalls. “I was very impressed with the work they were doing with students and I got involved, initially as a JASA volunteer in the classroom. About fi ve years ago, I was invited to join the JASA board and one of our fi rst duties was dealing with an ISP funding issue which was causing the program to fl ounder.”
More than 15 years later, Poland is vice president and portfolio manager with CIBC Wood Gundy in Calgary and, as reluctant and visibly uncomfortable as he is about his generous monetary support of Junior Achievement, his ini-tial donation to revive the Investment Strategies Program and subsequent donations currently top an exceptional $150,000.
Poland is the youngest founding member of JASA’s Eco-nomic Futures Council – an exclusive group of Southern Alberta business people, who, through their fi nancial and moral support, enable and inspire the success of Southern Alberta students in various JA programs, ultimately impact-
ing the Canadian economy by challenging and inspiring the workforce of tomorrow.
According to Hillier, “Todd Poland’s involvement and sup-port has helped grow ISP more than fourfold in the past fi ve years. It not only continues as one of JASA’s most popular programs for grade 8-10 students but it has proven to be so relevant and valuable that we have had steady interest from across Canada and ISP is about to become a national Junior Achievement course. And it all started here in South-ern Alberta.”
The interactive Investment Strategies Program is facili-tated by one or more business volunteers, in collaboration with the classroom teacher, and JASA provides an exten-sive program kit, complete with all the tools and resources necessary for classroom delivery. Junior Achievement also matches the classroom with a trained volunteer from the fi nancial sector who acts as a kind of group leader and mentor.
As Hillier explains, the opportunity to tap into the invalu-able experience, expertise, input and guidance of Southern Alberta business leaders was the reason JASA formed the Economic Futures Council.
He points out that JASA respects and understands the
Paying it forward by being involved in the programs of JASA is all about the interconnectivity of individuals in one another’s success. Each loop is symbolic of how philanthropic individuals refl ect, or circle back, on their own success and decide to pay it forward—enabling the achievement of others and the enrichment of our communities. It’s what it’s all about.
Paying it Forward • Cover
John and Cheryl Aldred
David A. Bissett
Jim Davidson
Jack and Joan Donald
N. Murray Edwards
Richard F. Haskayne
Wayne Henuset
Sam Kolias
Hal Kvisle
Alvin Libin
Ronald N. Mannix
David O’Brien
Todd Poland
Clayton Riddell
JR Shaw
Guy Turcotte
Mac Van Wielingen
Anonymous
ECONOMIC FUTURES COUNCIL
FOUNDERS*
*As of December 31, 2013
Photo by Ewan Nicholson Photography.
businessincalgary.com | BUSINESS IN CALGARY February 2014 • 35
often hectic schedules and availability, especially of senior business people so, refreshingly, there are no Economic Futures Council meetings, no agendas, no committees and no time commitments.
“It’s simply a solid group of Calgary business and phil-anthropic leaders, who usually don’t have the time to add to their busy days to meet and discuss JASA issues. They provide input and valuable support by lending their name, their fi nancial support, and, if possible, their willingness to network and spread the word about Junior Achievement of Southern Alberta to their peers.”
The JASA offi ce keeps the council in the loop and up to date about JASA initiatives, where their funding and moral support is being applied and provides members of the coun-cil with recognition of their valuable contributions, and an annual stewardship report.
For Todd Poland, being involved with Junior Achievement of Southern Alberta is not only bringing his supercharged life and business career full circle but enables him to pay it forward.
Since Poland’s valuable early involvement in JASA and particularly ISP, David O’Brien (the respected Calgary business icon who helped create the Investment Strate-
gies Program) has been someone Poland has emulated and admired.
Ironically (as Hillier explained) since members of the JASA Economic Futures Council don’t have meetings, the two Calgary businessmen didn’t know each other and never even met until the recent scheduled Business in Calgary photo shoot.
“This is exactly why we started the Economic Futures Council, so our seasoned and longtime philanthropists and business leaders like David could inspire the next genera-tion of mentors, givers and leaders like Todd, who can do extraordinary things now and well into the future,” Hillier says.
“Mentoring young people is so rewarding and worth-while,” O’Brien points out. “With their experience, judgment and motivation, business people at all levels can make such a big difference in the lives of Calgary’s young people.”
He modestly concedes that, in the twilight of his several professional careers, he fi nds it somewhat easier to make time for getting involved in viable community projects like JASA.
“It’s the cycle of work life, I suppose,” he smiles. “There’s a time when you do whatever needs doing and build a career
Paying it Forward • Cover
One of JASA’s 1,500 volunteers teaching local students basic financial literacy skills. Photo courtesy of JASA.
36 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
and raise a family and there is very little downtime. Even-tually you do have the time, and the fi nancial means, to reach out and get involved in worthwhile outside causes, like Junior Achievement of Southern Alberta.
“I have 10 grandchildren and I want them to grow up with the kind of terrifi c support and mentorship that JASA deliv-ers. Some things probably never change. Few students really pay much attention to the economy or business courses in school,” O’Brien observes with some regret.
“But the world has changed so much and it’s so important that young people have at least some exposure to the econ-omy, business and the workings of the free enterprise system.
“The JA programs do that so well. And Todd Poland is an extraordinary, young Calgary business success story and he comes to JA earlier than most of us did. He will be a very active and superb mentor for young people.”
Poland is very enthusiastic and revved about carrying on the JASA tradition of inspiring and motivating Southern Alberta students.
“I have a lot of peers, inside and outside of the fi nancial community. And I think JASA is making such a vital differ-ence in the lives of young Southern Albertans and it will positively impact our economy that I will defi nitely be lean-ing on my colleagues to get involved.” BiC
Paying it Forward • Cover
David O’Brien (L) and Todd Poland (R) discuss the history of Junior Achievement, and the vision of the Economic Futures Council. Photo by Ewan Nicholson Photography.
“The world has changed so much and it’s so important that
young people have at least some exposure to the economy, business and
the workings of the free enterprise system. The JA programs do that so
well. And Todd Poland is an extraordinary, young Calgary business success
story and he comes to JA earlier than most of us did. He will be a
very active and superb mentor for young people.”
~ David O’Brien
Bay B - 5815, 36th Street S.E. Calgary, Alberta T2C 2J1Phone: 403.921.9889 | Fax: 888.341.0565
Ask about how we can
save you money on your phone bill!
Voice & Data CablingPhone Systems Paging SystemsVoip Services
Moving or Expanding?We can help.
www.coretelecom.ca
Bay B - 5815, 36th Street S.E. Calgary, Alberta T2C 2J1Phone: 403.921.9889 | Fax: 888.341.0565
Ask about how we can
save you money on your phone bill!
Voice & Data CablingPhone Systems Paging SystemsVoip Services
Moving or Expanding?We can help.
www.coretelecom.ca
38 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
The ROI on MBAs • Education MBA
Despite a lot of buzz, hype and ran-dom cynicism about actual value and return on investment (ROI)
of money and time, there is an informal consensus. You don’t have to have an MBA to be a contemporary business suc-cess story – but it helps.
The fl ip side is that not all of today’s CEOs and senior managers have MBAs, and not all MBAs necessarily become senior management and CEOs.
Although the conversation invariably recoils to a simplistically cliché and a tacky, mercenary correlation between MBA credentials and higher salaries, different people have different reasons for choosing to add to their workload, complicate their life for two or more
years, make for long and often gruelling days (and nights) and spend a whack of tuition money to chase a general or specialized master of business adminis-tration (MBA).
Is there a payoff? Likely but no guar-antees. Some opt to earn an MBA in the spirit of higher skills and qualifi cations, others with specifi c and private ulterior motives and many choose to get an MBA due to the contemporary business world reality of need.
“The world is a much more complex place,” warns Dr. Michael Wright, direc-tor of the MBA program at the University of Calgary’s Haskayne School of Busi-ness. “Senior managers are called on to solve very complex problems. Skill sets
MBAs are becoming a basic requirement, particularly for certain levels of management
BY JOHN HARDY
Dr. Michael Wright, director of the MBA program at the University of Calgary’s Haskayne School of Business
TheROIon
MBAs you want to earn Canada’s most respected MBA,you have a choice: your place or ours?
There’s more than one way to earn a prestigious Queen’s MBA. Immerse yourself in the renowned full-time program on our campus in Kingston, or choose one of our internationally respected executive and accelerated programs, offered throughout Canada. No matter where you live or which program you select, you can take advantage of Queen’s innovative approach to team-based learning, goal-focused experiential opportunities and unique culture of personal coaching.
You can earn Queen’s MBA, no matter where you live in Canada.
Queen’s MBA ranked #1 in Canada by Bloomberg BusinessWeek
Find the MBA program that’s right for you at qsb.ca/mba
PUBLICATION/LOCATION: Business in CalgaryBusiness in Edmonton
FILE NAME: QUE-0360-Business_CalEdm-FP-0107 TRIM: 7.875" x 10.75"
DATE: Jan 07 REV #: 1 BLEED: 8.375" x 11.25"
ARTIST: ID COLOUR: 4/0 SAFETY: 6.875" x 9.75"
CD: AD: CW: PP: SM: AM:
you want to earn Canada’s most respected MBA,you have a choice: your place or ours?
There’s more than one way to earn a prestigious Queen’s MBA. Immerse yourself in the renowned full-time program on our campus in Kingston, or choose one of our internationally respected executive and accelerated programs, offered throughout Canada. No matter where you live or which program you select, you can take advantage of Queen’s innovative approach to team-based learning, goal-focused experiential opportunities and unique culture of personal coaching.
You can earn Queen’s MBA, no matter where you live in Canada.
Queen’s MBA ranked #1 in Canada by Bloomberg BusinessWeek
Find the MBA program that’s right for you at qsb.ca/mba
PUBLICATION/LOCATION: Business in CalgaryBusiness in Edmonton
FILE NAME: QUE-0360-Business_CalEdm-FP-0107 TRIM: 7.875" x 10.75"
DATE: Jan 07 REV #: 1 BLEED: 8.375" x 11.25"
ARTIST: ID COLOUR: 4/0 SAFETY: 6.875" x 9.75"
CD: AD: CW: PP: SM: AM:
40 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
shift and get much trickier and more demanding as you go higher up.
“The hard core and specifi c business skills are prime but there is increasing emphasis on leadership skills, creative thinking, problem solving, team building, risk management and the entire area of corporate ethics is crucially important and popular.”
The tremendous popularity – and a kind of supply and demand boom – of Canadian, American and international business schools offering a broad range of MBA programs has put some senior management people at a challenging cusp in today’s business world.
This is a transitional senior management generation where many (not all) of the current crop of CEOs, presidents, VPs and directors likely cut their teeth, paid their dues and worked their way up progressionally in simpler times, per-haps when it was easier to be a jack of all trades or a kind of business generalist and manage with the cop-out of “I don’t have to know how to do everything. That’s what I pay people for.”
Wright agrees with the focus and rationale of MBA think-ing at contemporary business schools from Haskayne to Harvard. Today’s MBA programs combine cutting-edge con-tent, skills and relevance necessary for success in today’s
globalized business environment teaching MBA students to incorporate social, ethical, environmental and economic considerations into all decision-making.
There is also concentrated MBA emphasis on advanced leadership skills, team building, motivating, delegating, cre-ative thinking and problem solving.
“It’s not what courses are included, it’s what is included in the courses,” he cautions.
The current hot trend in business schools is offering either a generalized MBA program or a specialized MBA program, depending on student need and choice.
The MBA curriculum invariably teaches higher levels of basics such as understanding and interpreting fi nancial statements, marketing plans, market analyses, audit reports and business development plans and, by necessity or design, also enhance written communication skills because the MBA is a master’s-level academic program, requiring the student to produce a 20- to 30-page report for each class subject.
“MBA programs have done a good job with the functional programs, like how to manage the organization,” Wright says, “but recent additions to the core MBA curriculums also include sustainability, global economics, corporate social responsibility and ethical decision-making.”
The focus and targeting of specialized MBA subjects vary,
The ROI on MBAs • Education MBA
“The hard core and specifi c business skills are prime but there is increasing emphasis on leadership skills, creative thinking, problem solving,
team building, risk management and the entire area of corporate ethics is crucially important and popular.”
~ Dr. Michael Wright
businessincalgary.com | BUSINESS IN CALGARY February 2014 • 41
usually with the trend of the school’s individual supply and demand situation.
Although the specific subject areas are constantly revised and updated, currently popular MBA programs include accounting, business management, e-business/e-commerce and information systems (IT), economics, entrepreneurship, finance, marketing, human resources management, strate-gic/risk management, technology management and more.
According to Wright, Haskayne’s popular MBA programs include global energy management and sustainable devel-opment (GEMs), management consulting, finance, marketing and project management.
At the moment, Haskayne does not offer MBAs special-izing in IT or HR.
An MBA program innovation that is becoming increas-ingly popular is the creation of specific “centres” for MBA specialization, like Haskayne’s Hunter Centre for Entre-preneurship and Innovation, the Centre for Advanced Leadership in Ethics and the recent Westman Centre for Real Estate Studies.
“It’s a new area of specialization for our MBA program,” he says with enthusiasm. “For us and in our area, real estate, real estate development and development financing are huge Calgary industries. Haskayne will be one of the fore-most real estate development centres in Canada.”
Calgary’s Haskayne School of Business is earning a national and international reputation for its MBA program innovation and business relevance. “We’re always looking for things we should be adding,” Wright points out. “As a Canadian first, we are about to start a joint master’s with the School of Public Policy to deal with issues like taxation, health, oilsands, economics and social benefits. It will be a combined MBA and MPP.
“Because more and more, today’s business leaders must understand the gamut of public policy issues, from pipeline to taxation.”
In most business schools, a quickly growing fact of MBA life is a shift from the degrees being considered an extra or upgraded qualification feature to being a basic requirement, particularly for certain levels of management.
In many cases, an MBA is required for executive and senior management positions. There are some companies that will not even consider applicants unless they have an MBA degree. And people with general or specialized MBAs are often able to target various opportunities.
Depending on the company and career move options, it may be possible to be productive, grow, achieve, earn pro-motions and still climb the proverbial ladder, but some careers and employers outright require an MBA as a prereq-uisite for advancement.
The ROI on MBAs • Education MBA
42 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
For some career people, it’s a decision based on changing careers, switching industries or making themselves more marketable in other fi elds and an MBA can be potent ammo. Others have leadership goals and realize that being considered for a senior management role is far more likely with ‘the three magic letters’ prominent on the resumé.
Although subtle and delicate, usually rumoured and rarely admitted, some companies will not even promote from within for management roles if the employee is not enrolled or intending to get an MBA.
Spiked pay grades is a cynical, crass but realistic and factual fact of MBA life. Of course, taking and successfully completing a complex and challenging two-year or 30-month MBA program is much more time, energy, emotion and fee intensive just to get a big raise at work, practical reality is that the MBA employee is solidly more qualifi ed, valuable and worth more to the company and is able to command (and earn) a higher salary.
It may be a delicate and tacky topic for business school offi cials but there’s no disputing that the earn-ing power of an MBA degree is often a selling point for business schools, especially when they do well on international rankings.
Every two years, Forbes Magazine measures partici-pating North American schools on the salary growth for MBA graduates, fi ve years after earning the degree compared to what they gave up in lost pay, tuition and other expenses while at school.
But even objective experts caution potential stu-dents to do the blunt metrics of an ROI calculation about an MBA: how much income can they forfeit while earning the MBA, what they plan to do with their MBA and the realistic career prospects and earn-ing potential.
Six-digit salaries for MBA employees? Wright says that Haskayne does revealing followup surveys about student salaries after graduating with an MBA versus before enrolling in the program. In the most recent Calgary survey, MBA students realized a 47 per cent increase in salary.
As Haskayne’s Michael Wright points out, applica-tions for Canadian MBA programs heavily outnumber the available spaces.
With more MBA programs than ever before serving a record number of students – about 10,000 students are registered in Canadian MBA programs this year – MBA enrolment has more than doubled in the past 15 years.
In life, as in business and now, even in business school what goes around comes around.
The stats and numbers show that when it comes to MBAs, business schools compete for the best students and MBA grads compete for the best jobs. BiC
The ROI on MBAs • Education MBA
For some career people, it’s a decision based on changing careers, switching industries or
making themselves more marketable in other fi elds and an MBA can be potent ammo. Others have leadership goals
and realize that being considered for a senior management role
is far more likely with ‘the three magic letters’ prominent
on the resumé.
businessincalgary.com | BUSINESS IN CALGARY February 2014 • 43
Despite all the polite niceties, the second looks, “dress for success” clichés and even misquoting the Emper-or’s New Clothes, it seems HR, the boss, the boss’
assistant, people down the hall and groggy strangers in the elevator do notice.
It turns out that dressing for success in Calgary is a gen-der-neutral anxiety.
Calgary men and Calgary women. Seasoned offi ce work-ers and newbies still making an impression. In trendy, niche spaces like gaping lofts, retro nook-and-cranny offi ces, all the way to the cavernous 50-something fl oor of The Bow.
Work dress codes were long ago discredited and proven irrelevant and they are now extinct. If any Calgary work-place still has the remains of a dress code, maybe stored in one of the company’s rarely opened admin folders or an actual single page clicked and fi led in a dusty three-ring binder, it’s meaningless, forgotten and unenforced.
Calgary’s experts agree. Spoken or unspoken, “looking professional” or “business smart” has itself become a rede-fi ned, impossible to pigeonhole new normal and an exciting and new kind of sharp.
“Always dress for the job you want, not the job you have,” suggests Lisa Tant, vice president and fashion editor of Canada’s iconic Holt Renfrew. “I realize that, for some peo-ple, it sounds easier than it is and a lot of people are often confused about what to wear, but pick a look you’re comfortable with and build your ward-robe gradually.”
“Fashion continually shifts; style is forever,” Darren Biedermann says with dynamic fl air, creativity and decades of experience, shaping and advising all generations of Calgary men about what to wear and how to wear it. “Of course there are all kinds of fac-tors and variables but men in today’s workplace don’t want to dress like their father, who tended to opt for casual.”
Biedermann is owner, gung-ho and unconditionally honest men’s fashion mentor, coach and respected clothing expert at Calgary’s popular Supreme Men’s Wear.Lisa Tant, vice president and fashion editor of
Holt RenfrewDarren Biedermann, owner, Supreme Men’s Wear
The Season of Professional Style • Dress for SuccessThe Season of Professional Style •
The Season of Professional StyleAlways dress for the job you want, not the job you have
BY COLLEEN WALLACE
44 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
“It’s more than just a stereotype and it’s true. Women shop based on mood but ultimately most women want to set a standard, not necessarily fi t in,” is the motivational and inspiring urge of Phaedra Godchild, a partner in Styleista, Calgary fashion stylists, personal shoppers and wardrobe consultants who have worked in the fashion industry for almost 10 years.
Ania Basak, the president of Fashion Calgary and founder of the Fashion Calgary Portrait Campaign, suggests a defi -nite connection between elegance and simplicity. “It’s all about implementing – not following – the trends. The trick is, implementing requires up-to-date information and knowledge.
“Minimalism is very much in style,” she notes with exam-ples. “Besides, elegant goes with simplicity. Try to limit too many patterns and colours at the same time. It’s very dis-tracting. And the fabric shouldn’t be too tight. Simple form gives more comfort and looks more comfortable.”
Most fashion experts, whether from within the indus-try, TV and magazines, and consultants agree that men or women dressing for the workplace have to be considered as
a total and overall situation, not just an isolated and random layering of specifi c pieces.
Reality makes that a diffi cult if not dauntless task because most typical working people may or may not have a per-sonal fashion sense, may look around and intentionally or subliminally get an idea of their personal likes and dislikes, or they may get ideas from random online browsing, look-ing around or fl ipping through magazines.
The other common and challenging constant about dress-ing for work in Calgary is the clothing sources for the average Calgary working man or woman.
From the endless rows of racks, meticulously stacked and arranged on display stands of major or smaller retail stores, clicking for online shopping, or dangling and creatively dis-played in funky boutiques and in Calgary’s terrifi c selection of unique and trendy indie shops.
There are some naturally gifted men and women who, by choice or chance, ‘have an eye,’ natural fl air (or both) and are not confronted by the two most common speed bumps of average men and women, doing their best to dress appro-priately for work: choices and decisions.
“When we have our initial consulta-tion with clients,” Godchild explains, “we discuss and defi ne personal style. Everybody has one. What’s in and what kinds of things are no-nos. Then we book a wardrobe edit. We do not empty their closet but it can turn out to be a good purging exercise.
“Most closets, and especially wom-en’s, are often cluttered, many things are out of style and there are usually some great classic pieces,” she explains from experience. “The most reliable rule is: if you haven’t touched it in a year, get rid of it.”
As a gross understatement, Darren Biedermann knows his stuff. When it comes to an overall look or individual pieces, in addition to designing some of his own lines, he openly treats men’s clothing as a passion. Loyal and new Supreme Men’s Wear customers come
The Season of Professional Style • Dress for SuccessThe Season of Professional Style • Dress for Success
Phaedra Godchild, partner in Styleista Ania Basak, president of Fashion Calgary
“It’s all about implementing – not following – the trends. The trick is,
implementing requires up-to-date information and knowledge.
~ Ania Basak
businessincalgary.com | BUSINESS IN CALGARY February 2014 • 45
The Season of Professional Style • Dress for Success
HR specialists say the fi rst impression makes up about 80 per cent of job hiring decisions. Carefully target and focus your overall appearance so that the interviewer will concentrate on your qualifi cations, not distractions.
• Women: a solid colour (navy, grey or black) suit or dress. Less jewelry is best. Avoid “fl ashy” pieces that jingle. A watch, wedding ring and a class ring are accepted. Hair should be neatly combed.
• Men: a dark suit (navy, grey or black). Tie must be conservative. Dark socks to match the suit (avoid quirky or argyle socks until you get the job). Black leather (shined) shoes, oxfords or loafers.
• Cellphone: pretend that it doesn’t exist. Don’t take chances. Turn it off or click silent (not vibrate) before you arrive for the interview.
First Impressions
from far and wide for his high-energy, creative fashion sense, recommendations and advice.
“Plain white shirts and plaid socks paid our bills for a long time but they are defi nitely gone! In general, and especially in Calgary, there is so much variety and there has never been such a relaxed approach to men’s fashion. It’s so exciting,” he says with his trademark enthusiasm.
“Suits are extremely hot, one button, two button and side vents. And today’s consumer is conscious about the fi t of pants. They turn to the side, they sit down, they check and they double-check. And suit ties have exploded in the past six months and the ties are getting narrower with more cre-ative designs,” he says, highlighting some Calgary trends.
“It used to be repeating stripes on a tie (we called them rep-ties) but now it could be almost anything, small fl orals and little tiny stars. And pocket squares are very hot.
“And denim is extremely popular, in different colours, shades and fi ts.”
In some ways, the tired clichés and stereotypes about the differences between men’s and women’s fashions are legit because the changeability and fi ckleness of women’s fash-ion trends is notorious.
“For 2014, the three essential pieces of a working woman’s business wardrobe are a well-tailored suit jacket, a classic pencil skirt and fi tted shift dress,” according to Holt Ren-
frew’s Lisa Tant. “General rule of thumb is a classic suit and add personality with a colourful scarf or a great tie.
“When it comes to length of the skirt, women don’t pay much attention anymore. There is so much choice now. Always dress to your body type and choose a skirt or dress length that suits your body.”
Tant explains that Calgary’s Holt Renfrew is gradually gearing up for the all-important ‘2014 Spring-Summer’ trends. “Expect lots of nice prints and brighter pastels – pale pinks, soft violets, powder blues and mints. And larger sized totes, stylishly to fi t tech essentials like iPads. For women, briefcases are fading.”
“Late last year I was at the New York Fashion Week,” Ania Basak itemizes, “and they were showing simplicity. For women, forget about colour blocking, like red blouse with green pants.
“One colour only but include accessories and jewelry. White is not shocking anymore nor are other light colours like beige, crème and light cream. There’s a defi nite ‘African memories’ safari trend but business attire can’t be loud so you can’t go too crazy. Try safari colours like a beige or brown blouse with a black suit with a handbag, scarf and shoes. Shoes! They may be the most important aspect of fashion,” she says, adamantly. “And for business, never ever open-toe shoes, regardless the season.”
“In general, and especially in Calgary, there is so much variety
and there has never been such a relaxed approach to men’s fashion.
It’s so exciting!”
~ Darren Biedermann
46 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
The Season of Professional Style • Dress for SuccessThe Season of Professional Style • Dress for Success
Eric FrancisJACK FM morning host, sports columnist and TV personality
Wearing: Biedermann-Difabio suit $3200;Biedermann shirt $395; Dion tie $120; Dion pocket square $48; Jeffrey-West shoes $595.
Styled by Charli Biedermann, Supreme Men’s Wear
Photographed by Bookstrucker Photography
The Season of Professional Style • Dress for Success
Darren Biedermann openly treats men’s clothing as a passion. Loyal and new Supreme Men’s Wear customers come from far and wide for his high-energy, creative fashion sense,
recommendations and advice.
businessincalgary.com | BUSINESS IN CALGARY February 2014 • 47
Debra RossPresident, Gamma-Tech Inspection Ltd.
Wearing: URBAN LANAI jacket in UNIFORM color (navy) $400; URBAN LOUISE pants in UNIFORM, tapered and trim fit, $285; LYALKA silk printed sleeveless blouse, $270; clothing by Theory. MULBERRY handbag, bright blue, $2600.
Styled by Vance Walker, brand management, Theory, Holt Renfrew
Photographed by Bookstrucker Photography
“For 2014, the three essential pieces of a working woman’s business wardrobe are a well-tailored suit jacket, a classic pencil skirt and fitted
shift dress,” says Holt Renfrew’s Lisa Tant. “And larger sized totes, stylishly to fit tech essentials like iPads. For women, briefcases are fading.”
The Season of Professional Style • Dress for Success
48 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
The Season of Professional Style • Dress for Success
Debra RossPresident, Gamma-Tech Inspection Ltd.
Wearing: LAVEY jacket in PRYOR fabric with leather sleeves and leather details, $595; GAIAN sleeveless top in PRYOR fabric with vertical leather stripes, $395; FIA pant in PAPERBACK fabric, $300; clothing by Theory. Necklace and earrings by Calgary Jewellery.
Styled by Vance Walker, brand management, Theory, Holt Renfrew
Photographed by Bookstrucker Photography
“Men and women
are both finally
embracing the power
of accessorizing.
A great statement
necklace or pair of
earrings for women;
and tie clips,
cufflinks, a pocket
square or patterned
socks for men.”
~ Phaedra Godchild
businessincalgary.com | BUSINESS IN CALGARY February 2014 • 49
Aside from isolated and personal likes, dislikes, looks good or not-crazy-about-it pieces, most Calgary working men and women must rely on random TV or online lifestyle news fl ashes or what they see on display in Calgary stores.
“As styleistas, we have our fi ngers on the pulse of trends,” Godchild points out. “Our job is not to dictate but to guide our clients. This year it’s about layering. Lightweight layers – light-weight cottons or fi ne gauge wool sweaters over a collared shirt with dress pants. Add patterns and textures. And pants – cropped slim-fi t dress pants for women and slim-fi t pants and short-ened pant hems for men, showing funky socks and shoes.
“Men and women are both fi nally embracing the power of accessorizing,” she says. “A great statement necklace or pair of earrings for women; and tie clips, cuffl inks, a pocket square or patterned socks for men.”
Biedermann is supercharged and openly delighted that today’s business customer is not only more fashion con-scious than ever before but far better informed.
“The contemporary consumer fi nds everything and is often self-taught online. Until a few years ago they would ask a lot of questions and rely on us to suggest their decisions,” he recalls.
“The transactions take about 50 per cent longer. And we love it! That they come in, knowing options and possi-bilities, they ask detailed questions, they want answers and they want a story: where is the fabric from? Is it crease resistant? Is it good for sitting in the car? For travelling?
“It’s no longer buying just a shirt or pair of slacks. They buy outfi ts and they’re after a certain look, not just ran-dom pieces.”
Looks at work matter because, to bor-row from marketing, everybody is a brand! BiC
The Season of Professional Style • Dress for Success
Eric FrancisJACK FM morning host, sports columnist and TV personality
Wearing: Biedermann-Barberis suit $2800; Biedermann shirt $495; Dion tie $120; Dion pocket square $48; Pantherella socks 32.50, Jeffery-West Shoes 495.00
Styled by Charli Biedermann, Supreme Men’s Wear
Photographed by Bookstrucker Photography
50 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
The Green Momentum • Clean Green Technology
A long time ago, in controversies far away, the phrase, greening of oil and gas, was cynically shrugged off as an oxymoron. No better or worse than deafening
silence, bigger half, even odds, adult children, near miss, exact estimate, living dead or jumbo shrimp.
As far back as the 1940s, long before “green” became the trendy buzzword, society, politicians and various industries have talked the talk of “conservation.”
But despite naive expectations, catchphrases, media hype, myths and wishful thinking, walking the walk (especially in Canada’s booming oil and gas industry) was not going to be nearly as easy or instant as doing something about other nasty facts, curses and controversies of convenient life, like smoking and obesity.
The situation, the facts, the urgency is much different in 2014.
With innovative technology, regulatory will and genuine industry commitment about everything from greenhouse gases, tailings ponds, fl aring, carbon footprint and other greening priorities, genuine and encouraging change may never happen at the pace wishful thinking may prefer but it is absolutely and aggressively happening in most sectors of, especially Alberta’s, oil and gas industry.
Those urging the greening of oil and gas together with the industry which has invested in and is making impres-sive and exciting progress with “greening,” must also deal with some practical, relevant and undisputable facts – not excuses – about the realities of North America’s energy-reli-ant lifestyle as well as Canada’s (and particularly Alberta’s) energy-driven economy.
Fact: Canada is ranked third in the world, behind only Ven-ezuela and Saudi Arabia, when it comes to crude oil reserves and it is documented to have enough natural gas resources to meet demand at current levels for over 100 years.
Fact: the country’s wealth of oil and gas has grown an industry that directly and indirectly (with oilfi eld services and service providers) employs over half a million people and continues as the largest source of private investment in Canada.
Fact: Alberta – with 98 per cent of Canada’s oil reserves, mostly in the oilsands – is respected, admired, emulated and often sets a North American and a global standard for green technology innovation and prioritizing environmental sus-tainability.
The Canadian Association of Petroleum Producers (CAPP) is a dynamic example of the industry will and determination about greening and the successful future of oil and gas.
CAPP represents companies, large and small, that explore for, develop and produce natural gas and crude oil through-out Canada. Member companies produce about 90 per cent of Canada’s natural gas and crude oil and, together with its associate members, they are a vital industry with revenues of about $100 billion a year.
The group openly acknowledges the relationship between oil and gas development and environmental effects like greenhouse gas emissions as well as the vital obligation to develop land and deposits safely and responsibly (cut-ting back on fl aring and venting natural gas are just two industry priorities that have shown reduced greenhouse gas emissions).
The industry is doing a lot better than it gets credit for
BY PARKER GRANT
The Green Momentum
With innovative technology, regulatory will and genuine industry commitment, genuine and encouraging change may never happen at the pace wishful thinking may prefer but it is absolutely and aggressively happening in most sectors of,
especially Alberta’s, oil and gas industry.
businessincalgary.com | BUSINESS IN CALGARY February 2014 • 51
The Green Momentum • Clean Green Technology
Despite the solid and tremendous commitment, the momentum towards greening and the numerous examples of progress, most insiders, outsiders, the media, academics and even some critics suggest the oil and gas industry may have weak or outright inadequate communication issues about properly getting their message across.
“As an industry, we need to communicate more effec-tively and be more transparent, more outward facing and much more proactive,” says David Collyer, president of the Canadian Association of Petroleum Producers. “Our industry knows better than anyone about what technology is capable of doing.
“In general we live in a society where continuous improve-ments are in the forefront and the challenge is how do we square the circle of environmental performance with com-petitive performance.
“We must understand the public’s concerns,” he urges. “We increasingly try to take a forward look at what’s com-ing at us and making sure our metrics are up to date and relevant.”
Collyer also warns that while technology and the global business of oil and gas changes at a rapid rate, so does public opinion and communication.
“Our target audience may not change; the way people connect and communi-cate changes tremendously, from 10 or even fi ve years ago. Options like Face-book and Twitter make public concerns much more organized and connected. We must more effectively engage the public about our operations to achieve more public awareness.”
Despite the industry’s frequent reluc-tance to respond to social criticism or protests about energy, going green and sustainability, professionals underscore that public opinion does matter, per-haps more than ever.
“Contemporary business must recognize and accept that there’s a kind of social licence to operate,” cautions Dr. Rob-ert (Bob) Page, director of the Enbridge Centre for Corporate Sustainability at the Haskayne School of Business. “Industry can’t afford to overlook the impact and the clout that lever-age groups have on the complex governmental approvals process. Green must be taken very, very seriously.”
A key part of the oil and gas industry’s environmen-tal sustainability and green focus is CAPP’s Responsible Canadian Energy Program (RCE), representing a collec-tive commitment by member companies to continuously improve, measure and report performance in the areas of people, air, water and land, and engage collaboratively with the communities in which the industry works.
Overall, the most recent (2013) RCE report shows signifi -cant, ongoing improvements in the oil and gas industry’s safety performance, its economic benefi ts to Canadians, and with greening – the industry made signifi cant progress, including producing decreased nitrogen oxide (NOx) and sulphur dioxide (SO2) emissions.
The report also acknowledges that performance chal-lenges became more evident in other areas, such as greenhouse gas emissions and a larger land footprint.
Total volumes of freshwater con-sumed by the industry, in development and production, continues to increase with production growth, although the amount of freshwater withdrawn per barrel of production does continue to decline.
Another unique and internationally renowned example of Canada’s and Alberta’s commitment to the greening of the oil and gas industry happened two years ago, when 12 major produc-ers (including BP, ConocoPhillips and Shell) formed Canada’s Oil Sands Inno-vation Alliance (COSIA). The defi ned David Collyer, president of the Canadian Association of Petroleum
Producers
[CAPP] openly acknowledges the relationship between oil and gas development and environmental eff ects like greenhouse gas emissions as well as the vital obligation to develop land and deposits safely and responsibly (cutting back on fl aring and venting natural gas are just two industry priorities that have shown reduced greenhouse gas emissions).
52 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
COSIA mandate is to share industry ideas about greening.
To “enable responsible and sustain-able growth of Canada’s oilsands while delivering accelerated improvement in environmental performance through collaborative action and innovation.”
Through performance initiatives, COSIA focuses on what it has identi-fi ed as four key environmental priority areas (EPAs): tailings, water, land and greenhouse gases. In the past two years, two additional members have joined the group, increasing COSIA’s representation of oilsands production to 90 per cent.
Remarkably, when it comes to greening performance, COSIA member companies have so far shared over 440 technologies and innovations at a cost of over $700 million.
“The industry is doing a lot better than it gets credit for,” says Richard Dixon, executive director of the Cen-tre for Applied Business Research in Energy and the Environment (CABREE) at the Alberta School of Business at the University of Alberta.
“COSIA is a terrifi c way of bringing together industry as a whole with a concentrated effort to deal with the key greening issues. Good things are happening. There is a move toward stronger reclamation of the oilsands. CABREE is just publishing a study, looking at ‘market frictions’ in the oilsands,” he highlights.
“We have identifi ed a number of
Green, Innovative and ExcitingCalgary’s unique 433-acre live-work development will be high-tech and green
Dr. Robert (Bob) Page, director of the Enbridge Centre for Corpo-rate Sustainability at the Haskayne School of Business
The Green Momentum • Clean Green Technology
Imagine, a dynamic, state-of-the-art and innova-tive commercial and mixed-use residential community that’s not only a uniquely innovative and effi cient place to do business but also a great people place to live.
It won’t have to be imagined for much longer. It’s called TwinHills and it will soon be reality – a short bike ride from Calgary’s busy downtown core.
In terms of “green” and the latest technology, Twin-Hills is creative, ingenious and exciting. It will mean new Calgary standards in design, connectivity and sus-tainability.
As the preliminary documentation and details admits, TwinHills “dares to be different.”
A truly unique place to live, work and do business in Calgary, TwinHills is set to be a 433-acre live-work development with environmentally sustainable green LEED-ND construction, exceeding global standards for greenhouse gas reductions with a reduced carbon foot-print including shared natural and created green spaces for wildlife and people needs.
The site will also have water and energy quality and effi ciency features, housing and workplace options and the desirable cutting edge micro-grid of smart wiring for higher business performance and lower operating costs.
“The global trends are changing so quickly when it comes to mixed-use developments,” says TwinHills owner and CEO, Susan Nelson. “It is quite popular in the U.S. and some Euro-Asian cities. It’s a balance between commercial and residential and particularly interesting for various industries and some smaller tech companies.
“TwinHills is solidly committed to green,” she says, adamantly, “but goes beyond the traditional triple bot-tom line (social, economic, environmental), employing two additional criteria: technology and health and wellness.
“They combine as a fi ve bottom line business model, providing a more complete people-oriented town model that engages a new type of community that is genuinely built for the future.”
businessincalgary.com | BUSINESS IN CALGARY February 2014 • 53
frictions about the greening of the industry and specifi cally about moving towards a continuous reclamation of the oilsands. It’s a new mindset but the
technology is now available to do it!”Although Page also has a running tab
of sustainability issues that Canada’s oil and gas industry must deal with, he is also enthusiastic, positive and encour-aged by the signifi cant strides made by the Canadian oil and gas industry.
“There is so much progress,” he says with satisfaction and some profes-sional pride. “Compared to 20 years ago, the industry is so much more effi cient. Look at Suncor and progress with water issues. Tailings ponds are being cut back and, in time, may no longer be required. And our fl aring regulations are actually agreements.
“Unfortunately but honestly, green-house gases are the industry’s Achilles heel,” Page explains. “The heating methods on oilsands use even more gases and the intensity per barrel is increasing not declining.
“No doubt about it. There are lots to be done but there has been so much improvement.”
Although there is much more to be done and achieved, the consen-sus from industry transparency and accountability, stringent govern-ment and independent oversight and reams of constantly updated research and progress-tracking unequivocally shows that, as Collyer emphasizes, while the oil and gas industry may have lingering communication issues to resolve – from reducing fl aring and tailings ponds and making a dent in greenhouse gas emissions to maximiz-ing environmental and safety aspects of fracking, and many other ways to embrace environmental sustainabil-ity – Alberta’s oil and gas industry is becoming a solidly greener place. BiC
Richard Dixon, executive director of the Centre for Applied Busi-ness Research in Energy and the Environment (CABREE) at the Alberta School of Business at the University of Alberta
The Green Momentum • Clean Green Technology
Often referred to as synergistic innovation hubs, the concept has been compared to a 21st century version of Silicon Valley. Cisco and Microsoft built a similar town in South America and the concept is already popular in places like Singapore, Hong Kong, Korea, Japan and China.
“It’s detailed and complex but it’s all about building in the fl exibility and adaptability. It’s green, it’s very out-of-the-box, the Calgary location has the surety of being directly on a major fi bre optics line and it is very, very economically effi cient,” she details with much enthusiasm.
“TwinHills will attract high-tech, energy, water, secu-rity and communication industries because of its unique combination of site attributes that will assure busi-ness continuity and avoid downtime due to technical glitches.”
Nelson points out that greenfi eld technology facili-tates a micro-grid of smart wiring that results in higher
performance and lower operating costs of each building. Greenfi elds are much cheaper than other retrofi ts and provides not only technology advancements but also greenhouse gas reduction.
A routine part of today’s real estate development, regardless how state-of-the-art or innovative, is the process. The submission, review, study, approval and permit process is extensive in every municipality, espe-cially in Calgary.
Susan Nelson is an infectiously Type A and revved professional who brags about the Alberta economy, trends and technological advancements being exciting positives.
“The response has been overwhelming. So far, we’re up to almost nine years of approvals and as soon as the city moves ahead, TwinHills construction can begin early in 2015.”
Above photos: Next-Era town of green and technological parameters at TwinHills.
54 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
Policies, rules, regulations, laws, limits, deadlines, sub-missions and reporting requirements – apply that to fi nances and investments, and you have a conun-
drum that daunts most Canadians. Financial planning has long been the ethereal ‘freedom’ that so many think about, know they should do and yet struggle to get on track let alone leverage fully.
Albeit global markets have been unsettled, there is a sense of increasing optimism about the state of affairs here at home. According to Investors Group, there was an increase in consumer confi dence towards the end of 2013. The index was up for a second consecutive year and feelings relating to shorter-term activities are positive. The increase in confi -dence is encouraging and appears to be spreading.
In a report released by Investors Group in December 2013,
there is yet mixed feedback regarding the status of fi nancial stability of individuals. One in fi ve reported being in a bet-ter fi nancial situation than they were a year prior, and 18 per cent stated their situation had become worse. The ripple of positive consumer confi dence was visible as nearly one third of Canadians felt they would be in a better fi nancial situation in a year’s time, and Prairie residents were most optimistic of all when looking ahead to the next fi ve years.
Experts in the fi nancial world have long since encouraged others to make concerted efforts to plan their fi nancial future to avoid hardship and be prepared to pending stages of life. Perry Diebert, wealth management consultant with Wealthco Asset Management in Calgary, reinforces that it’s never too late to start investing or modify a personal fi nancial plan. “Healthy fi nancial planning is an ongoing process and a life-
Of course we care about profits.
They just happen to be yours.
feel good about your money.
We live and work where you do. Which is why we have a deep
understanding of what it takes to succeed in your market.
Get the Servus Business Banking team working for you.
Let’s talk.
servus.ca | 1.877.378.8728
Money Matters • Financial Planning
Money MattersFive years later, Canadians are starting to shake off the shock of 2008 and 2009 and fi nd a sense of optimism in the economy and longer-term fi nancial planningBY HEATHER RAMSAY
Perry Diebert, wealth management consultant with
Wealthco Asset Management in Calgary reinforces that it’s
never too late to start investing or modify a personal fi nancial plan.
Of course we care about profits.
They just happen to be yours.
feel good about your money.
We live and work where you do. Which is why we have a deep
understanding of what it takes to succeed in your market.
Get the Servus Business Banking team working for you.
Let’s talk.
servus.ca | 1.877.378.8728
56 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
As with any product, investors do need to be mindful and
careful about TFSA rules. For example, over contributing
to a TFSA will result in fi nes and penalties, and taking out
numerous withdrawls can have negative
tax implications in the future.
As with any product, investors do need to be mindful and
careful about TFSA rules. For example, over contributing
to a TFSA will result in fi nes and penalties, and taking out
long commitment. We are seeing more clients who are looking for variety in their investments as well as reasonable returns. Diversifi cation in a portfolio is critical if you are looking for 10 to 15 per cent return at any one time.”
Given that as Canadians we spend on average 124 per cent of what we make, it has become harder and harder for many to make investment contributions. By default most people turn to RRSPS, stocks and bonds, however, with a variety of products available such as tax-free savings accounts (TFSAs) Canadians have increased options when planning their future fi nancial freedom.
Kim Moody, director, Canadian tax advisory with Moodys Gartner Tax Law, explains that overall 2013 was a busy year tax wise and that the pace will likely increase as greater confi dence is gained in various markets. Their fi rm special-izes in Canadian and American tax law and offers advisory services from their offi ces in Calgary, Edmonton, Vancouver and New York state.
The new federal budget brought in a variety of changes and tighten-ing of what many consider to be tax loopholes. “There has been consider-able push for greater transparency in international investments and related taxation, to further discourage tax eva-sion. An important change of note is that the government has expanded T1135 to include rigorous requirements for complete reporting of international investments. These extensive efforts come with substantial implications if reporting is done incorrectly,” says Moody. “With any investment, no mat-ter what it is or where it is, investors must be diligent in research, under-standing and tracking. Tax and fi nance
are incredibly complex fi elds of practice and there are inher-ent risks and consequences for anyone who goes into it haphazardly.”
There are a multitude of considerations to be made when building a personal fi nancial plan including taxation. According to Canadian Tax Law, as long as you follow the rules it is perfectly acceptable to order fi nancial affairs such that you pay as little tax as possible. “There are a number of different ways that you can reduce tax burden, and organiz-ing, reporting and fi ling correctly are critical,” says Moody.
In addition to RRSPs, stocks and bonds, more Canadians are incorporating products such as TFSAs, RESPs, equi-ties and real estate into their portfolio. “RRSPs have long stood the test of time and are an important component of tax and investment planning. TFSAs are also another great place to invest. With the recent limit increase to $5,500, it is a clever way to save and can serve as a very helpful
tool for entrepreneurs who are looking to reinvest in their business,” explains Moody.
TFSAs were fi rst introduced in 2009 as a new way for Canadians to build assets. The initial annual contribution limit was $5,000 and individuals can have more than one TFSA as long as the contributions don’t exceed the limit. Similar to RRSPs, one can carry forward unused contributions if the limit is not reached in any one year.
As with any product, investors do need to be mindful and careful about TFSA rules. For example, over con-tributing to a TFSA will result in fi nes and penalties, and taking out numer-ous withdrawals can have negative tax implications in the future.
Kim Moody, director, Canadian tax advisory with Moodys Gartner Tax Law
Money Matters • Financial Planning
businessincalgary.com | BUSINESS IN CALGARY February 2014 • 57
When dealing with matters related to fi nancial planning and estate planning, experts offer insight into the following important considerations.
• Don’t wait too long to start investing. It’s never too late and you can expand and improve your fi nancial plan as you go.
• Don’t let your emotions drive your decisions.
• Avoid getting ‘advice’ from friends or Google. Friends and family likely mean well, but everyone has different fi nancial needs, expectations and thresholds.
• Complete due diligence. Do the legwork and research options and markets thoroughly. Be sure to read the fi ne print and seek expertise to ensure you don’t get yourself into trouble. It is far better to be in the know and proactive about your future fi nancial security.
• Be cautious about charitable tax shelters. These schemes do still exist and require extensive expertise to navigate.
• Don’t lose focus and confi dence when markets drop.
• Seek professional advice. Don’t assume you know fi nancial planning and tax. Find someone you know and trust, and get along with personally. Ensure your adviser is qualifi ed and someone who you know has your best interests in mind.
Looking ahead, industry experts in fi nance and tax anticipate that markets and activity will continue to slowly improve. “More traditional products such as RRSPs, RESPs, stocks and bonds will continue to be cornerstones in investment portfolios and products such as TFSAs and hedge funds will gradually increase in popularity,” says Diebert. “There is always new energy and momentum in a new year and forecasts are encouraging for 2014.” BiC
Money Matters • Financial Planning
6.34%
Is your RSP and TFSA paying
with no fee?
Call Ralph Nywening@ 877.475.2669
www.cooperpacific.ca
Victoria B.C.
6.34%
Is your RSP and TFSA paying
with no fee?
Call Ralph Nywening@ 877.475.2669
www.cooperpacific.ca
Victoria B.C.
6.34%
Is your RSP and TFSA paying
with no fee?
Call Ralph Nywening@ 877.475.2669
www.cooperpacific.ca
Victoria B.C.
6.34%
Is your RSP and TFSA paying
with no fee?
Call Ralph Nywening@ 877.475.2669
www.cooperpacific.ca
Victoria B.C.
58 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
The Big Business of Calgary Meetings and Conventions • Event Planning
From Calgary, Phoenix and Vancouver to Regina, Ottawa and Las Vegas, the business of conventions, conferences and meetings is valuable big business.
The gung-ho team from Tourism Calgary, Meetings & Con-ventions Calgary (MCC) and the Calgary Telus Convention Centre (CTCC) are ‘out there’ pitching, bragging, shmoozing and making deals to clinch as much Calgary convention, conference and meeting big business as possible.
Even with Calgary’s solid and superb track record and reputation as a convention and conference destination, the Calgary boosters are fi ercely competitive, out-shmoozing
and out-pitching other shmoozers and pitchers from places like Toronto, Edmonton, Halifax, Montreal, Dallas and even Disney World and Niagara Falls.
“The priorities changed in 2008 and many companies started to take a hard look at their meetings and confer-ences,” explains Peter Gregus, executive director of Calgary’s MCC. “Everybody was dealing with budget issues and it got everybody thinking and refl ecting and revising business objectives.”
Gregus is quick to assure that the recovery stabilized the meeting and convention activity and business is good, but
The Big Business of Calgary Meetings and ConventionsThe guesstimated value of an out-of-town delegate is more than $330 per overnight stay
BY JOHN HARDY
Phot
os, t
his
page
, cou
rtesy
of C
alga
ry T
elus
Con
vent
ion
Cen
tre
businessincalgary.com | BUSINESS IN CALGARY February 2014 • 59
The Big Business of Calgary Meetings and Conventions • Event Planning
‘the deals’ have to be different than the pre-2008 days – sharper and better.
“When we bid, we make sure we do whatever it takes to set Calgary apart. Yes, that does include the business fact of subvention, value-added incentives that the bidding city can provide. It’s
a subsidy fund of sorts, a dollar fi gure coming from the local organization, allowing the planners to offset some costs. Within reason,” Gregus grins, “we will maximize our competitive advantage.”
Aside from exceptional sales savvy, tremendous Calgary expertise and tempting number crunching, a vital component of their dynamic pitches and presentations are strategic and targeted brochures and propos-als, usually raving about Calgary’s irresistibility with positioning and messaging such as: “Calgary is a sparkling cosmopolitan city with a reputation for warm, western wel-comes. It’s a bustling business centre that’s also full of exciting oppor-tunities to play. Along with our famous hospitality, our visitors enjoy uncompromised convenience and a meeting experience they’ll remem-ber for a lifetime. There are venues in Calgary perfect for accommodat-
Continuing Education403.440.6875 mtroyal.ca/conted
INFO NIGHT, MAY 28, 4:30-7:30 PM
Taking careof business
You.
*Ask about company training
Business Analysis
Business Process Management
Accessible Housing Design
Lean Management
LEED® in Practice
Petroleum Joint Venture
Professional Editing
Project Management
Supply Chain Management
Technical Writing
Phot
os, t
his
page
, cou
rtesy
of C
alga
ry T
elus
Con
vent
ion
Cen
tre
Phot
os, t
his
page
, cou
rtesy
of G
reat
Eve
nts
Cat
erin
g /
Abby
+ D
ave
Phot
ogra
phy.
Peter Gregus, Executive Director of Meetings & Conventions Calgary (MCC)
60 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
ing tech-savvy, fl awless meetings, conventions, trade shows, exhibitions and conferences of all sizes.”
Impressing Canadian, American and international meeting, conference and conventional planners eventually gets much more hard core and num-bers driven than just bragging about being “dominated by the oil and gas industry, Calgary’s largest companies are BP, Encana, Petro-Canada and Shell Canada” or “nestled at the foot-hills of the Rocky Mountains, Calgary is recognized as a winter sports haven where visitors can enjoy numerous ski destinations less than an hour away from the city, including Canmore, Lake Louise and Banff.”
Professional meeting and conven-tion planners want to know the fi ne print and bottom line details about the 12,392 available guest rooms in Calgary’s 75 hotels, Calgary’s $149 average hotel room rate, the $115 average daily meal cost, the $232 average weekly car rental tab and, most importantly – how much of a “deal” is Tourism Calgary, MCC and CTCC willing to make to get their group’s business?
Because the numbers can really add up. Everything from the revenue of actual hotel room nights, banquets, breakfasts, ballrooms and individual meetings rooms to taxis, shopping, restaurants and Calgary’s many (and fi n-icky) touristy things like western boots and hats, the Calgary Tower, Olympic Park, the Calgary Zoo and more.
Meetings, conventions and confer-ences are vital for Calgary’s dynamic economy. Industry calculations show that the actual and conservative guesstimate value of an out-of-town delegate is more than $330 per over-night stay.
Meeting and convention planning is a detailed and specialized task and Calgary has various advantages and competitive edges to make the plan-ner’s work easier and more effi cient.
Although MCC operates as a destination sales and marketing orga-nization, formed by a partnership between the Calgary Hotel Asso-
ciation and the Calgary Telus Convention Centre and some key venues, it provides meeting and con-vention planners from throughout Canada and around the world with the time-saving effi ciency and advantage of direct access to suppliers without the added steps of dealing individu-ally with various facilities.
Gregus points out the science of meeting, conference and convention planning all comes down to room nights and availability.
Whether it’s a meeting of 90 people, a conference of 200 or a convention of 2,000 delegates, fi nding and book-ing rooms is a basic planning priority. “It is one of the reasons for long lead times for booking,” he explains.
“In Calgary, Vegas or Orlando, most meeting and convention events are booked at least a couple of years, and often longer, in advance. We have already had an international inquiry for 2025. Supplying the demand for enough rooms is the key. Waiting too long can mean the space may simply not be available.
“But Calgary’s hotel community is terrifi cally experienced, adept and effi cient and usually responds within
The Big Business of Calgary Meetings and Conventions • Event Planning
403.232.1122 [email protected]
GreenBean550GreenBean550
Have your people call our people and
WE’LL DO LUNCH
When you require catering services, you need them
fast, fresh and nearby.
We are Calgary’s downtown corporate catering connection.
#102 - 550 6th Avenue SW
Photo courtesy of Calgary Telus Convention Centre
businessincalgary.com | BUSINESS IN CALGARY February 2014 • 61
24 hours, because they know, better than anyone, that it’s all about avail-ability,” he says.
Another crucial event manage-ment priority is the ability of booking rooms reasonably together, or, at least, close-by. As a vital Calgary bonus, of the more than 12,000 area rooms, about one third are in the downtown core – three large hotels are physically attached to the Calgary Telus Con-vention Centre, where many business events are held: the 384-room Calgary Marriott, the 355-room Hyatt Regency
Calgary and the 405-room Fairmont Palliser.
In addition to the well-known large hotel chains, Calgary also has several smaller hotels as well as unique and popular accommodations in the scenic mountains and still just minutes from the city, such as the Calgary Historic Bed and Breakfast at Twin Gables, the Kensington Riverside Inn and others.
Marin Bright is CEO of Smart Meet-ings magazine, the most popular source for event management profes-sionals and service suppliers for North America’s meeting, conference and convention industry.
“The booking of meetings and conventions has become a massive business, bigger than the auto indus-try,” she says with excitement and conviction. “The public often doesn’t realize how very much it impacts a community like Calgary: the direct rev-enue to the city, taxis, shopping, jobs and the many trickle-down benefi ts.”
Bright is also savvy and realistic that, for various reasons and in many ways, the industry has been changed forever. One example is technology. “It has made the process more effi cient but also more indiscriminant, imper-sonal and void of the personal touch,”
Calgary’s Winning Features
In addition to some of the budget-aimed aspects of Calgary as a potent meeting and convention destination, underscoring key features and sell-ing points are:
• Calgary is western hospitality, it is social, creative, innovative, global, collaborative and entrepreneurial.
• Calgary is a global energy centre, home to 126 corporate headquarters.
• Calgary is easily accessible.
• Calgary International Airport (YYC) is the fourth largest and busiest airport in Canada ... and growing!
• Calgary has meeting and convention capacity for up to 17,000.
• Calgary is ranked the No. 3 city for quality of life and No. 1 as Canada’s most wired city.
• Calgary is a leader in environmental initiatives.
• Calgary has no municipal or provincial taxes.
The Big Business of Calgary Meetings and Conventions • Event Planning
Continuing Education403.440.6875 mtroyal.ca/conted
INFO NIGHT, MAY 28, 4:30-7:30 PM
Advancing the conversation
Business Communications
Digital Graphic Design
Practical Web Design for Business
Professional Editing
Public Relations
Social Media for Business
Technical Writing
Web Development
You.
Marin Bright, CEO of Smart Meetings
62 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
she cites. “Requests for proposals (RFPs) now come in online.”
Dealing with the hundreds of meet-ing and convention destinations, she is very gung-ho and positive about Calgary’s status.
Smart Meetings magazine tracks the shifting popularity of North American meeting hot spots. At the moment, sur-prisingly, Orlando is in the top spot, due primarily to irresistible weather, followed closely by Chicago, which has effectively marketed itself with easy access and being conveniently in the centre of the country, and Las Vegas for its enormous room night availability.
Due to Calgary’s dynamic business
focus – acknowledged as a global energy hub with the largest concen-tration of corporate head offi ces in Western Canada, readying for the $2-billion expansion which will dou-ble the size of the Calgary Airport by next year’s grand opening and boost business tourism fl ight loads to and from Calgary, combined with the world-renowned location uniqueness having the Rockies as its backyard and being declared (in 2007) “the world’s cleanest city” by Forbes magazine – Calgary continues to be a tremen-dously popular meeting, convention and conference destination.
But, as MCC, Tourism Calgary, CTCC
and local event planners agree, it could do much better.
After several surveys, MCC has shown that, even with the strong momentum of Calgary’s robust econ-omy and ranking as the fourth largest city in Canada, the city’s convention facilities rank only 10th (in size) out of Canada’s 18 major centres.
Despite the combined total of 520,000 square feet of meeting and event space at CTCC and the Roundup Centre, actual numbers confi rm that Calgary has lost meeting and con-vention business, simply due to insuffi cient meeting space and not enough hotel room nights.
The Big Business of Calgary Meetings and Conventions • Event Planning
“This November will be the centre’s 40th anniversary. We discussed
the feasibility of expansion because there is demand for
expanded exhibition and meeting space.”~ Marcia Lyons
businessincalgary.com | BUSINESS IN CALGARY February 2014 • 63
“But the events and business is booming,” says Marcia Lyons, general manager of the Calgary Telus Conven-tion Centre. “Delegate numbers are growing, companies demand more ballroom space, the educational com-ponents of meetings and conferences is crucially important, requiring bigger breakout meeting rooms and exhibi-tors need bigger booths on the trade fl oor.
“We do approximately 700 events a year and are usually limited to meet-ing rooms that hold 80-100 people. Our booths are the traditional 8’x10’ with basic rod and drapes. It’s getting inadequate.
“More and more event breakout sessions need meeting rooms for 200 people. Trade show exhibitors expect larger display areas,” she says, item-izing the need for CTCC upgrading.
“Some problems are easier to solve than others. If the carpeting is worn and tired, we change them. We just had a major provincial grant that helped upgrade our lighting. But if we don’t have enough meeting rooms or they are not big enough, or if the main hall doesn’t fi t the keynote opening session or it’s too small for the trade show, that’s not so easy to solve.”
Late last year, CTCC proactively brainstormed with Calgary business and community leaders about ways that Calgary can boost its meetings and conventions appeal. “This November will be the centre’s 40th anniversary,” Lyons added. “We discussed the fea-sibility of expansion because there is demand for expanded exhibition and meeting space.”
Over four million people visit Cal-gary annually. In 2014 Calgary will host various large meetings and con-ventions, like the 1,500 delegates of the International Foundation of Employee Benefi t Plans in August and the 800 delegates of the Canadian Society of Safety Engineering in September.
And they will all get a uniquely Calgary welcome. BiC
The Big Business of Calgary Meetings and Conventions • Event Planning
Continuing Education403.440.6875 mtroyal.ca/conted
Ask about company training*
INFO NIGHT, MAY 28, 4:30-7:30 PM
Leading the way
Event Management
Business Communications
Contract Management
Change Management
Confl ict Resolution
Human Resource Management
Leadership Development
Management Development
Nonprofi t Management
Petroleum Land Business
Public Relations
Strategic Management
You.
Marcia Lyons, General Manager of the Calgary TELUS Convention Centre
Photo courtesy of Calgary Telus Convention Centre
Onward/ By 2036, 95 per cent of Calgarians report that they have a range of opportunities for the esthetic enjoyment of nature.for the esthetic enjoyment of nature.
Onward/ By 2036, 95 per cent of Calgarians report that they have a range of opportunities for the esthetic enjoyment of nature.
Finding the perfect venue
is a walk in the park.
Your venue for corporate functions, weddings and parties.
Devonian Gardens, 324 Eighth Ave. S.W.
2014-0271
calgary.ca | contact 311
RALPH KLEIN PARK ENVIRONMENTAL EDUCATION AND ETHICS CENTREAccommodates groups of 15 to 200 persons and offers a unique selection of indoor and outdoor spaces.
Reserve your next green meeting or social function: 403-476-4350 or [email protected].
INGLEWOOD BIRD SANCTUARY AND NATURE CENTREA peaceful retreat, minutes from downtown: Nature Centre meeting spaces accommodate up to 50; accessible year-round.
Reserve space by contacting 311 or [email protected].
DEVONIAN GARDENSCalgary’s downtown “urban oasis” accommodates up to 350 people in one event; newly renovated exotic tropical garden with fountains accessible year-round.
Reserve space by contacting 311 or [email protected].
READER ROCK GARDENPerfect for small meetings and events, the garden’s arts and crafts style house accommodates up to 25 with cafe and catering.
Reserve space by contacting 311 or [email protected].
.
For more information about City of Calgary Parks venues, contact 311 or visit calgary.ca/parksvenues.
Reader Rock Garden, 325 25th Ave. S.E.
Ralph Klein Park Environmental Education and Ethics Centre, 12350 84th St. S.E.
Inglewood Bird Sanctuary and Nature Centre, 2425 Ninth Ave. S.E.
Devonian Gardens, 324 Eighth Ave. S.W.
Onward/ By 2036, 95 per cent of Calgarians report that they have a range of opportunities for the esthetic enjoyment of nature.for the esthetic enjoyment of nature.
Onward/ By 2036, 95 per cent of Calgarians report that they have a range of opportunities for the esthetic enjoyment of nature.
Finding the perfect venue
is a walk in the park.
Your venue for corporate functions, weddings and parties.
Devonian Gardens, 324 Eighth Ave. S.W.
2014-0271
calgary.ca | contact 311
RALPH KLEIN PARK ENVIRONMENTAL EDUCATION AND ETHICS CENTREAccommodates groups of 15 to 200 persons and offers a unique selection of indoor and outdoor spaces.
Reserve your next green meeting or social function: 403-476-4350 or [email protected].
INGLEWOOD BIRD SANCTUARY AND NATURE CENTREA peaceful retreat, minutes from downtown: Nature Centre meeting spaces accommodate up to 50; accessible year-round.
Reserve space by contacting 311 or [email protected].
DEVONIAN GARDENSCalgary’s downtown “urban oasis” accommodates up to 350 people in one event; newly renovated exotic tropical garden with fountains accessible year-round.
Reserve space by contacting 311 or [email protected].
READER ROCK GARDENPerfect for small meetings and events, the garden’s arts and crafts style house accommodates up to 25 with cafe and catering.
Reserve space by contacting 311 or [email protected].
.
For more information about City of Calgary Parks venues, contact 311 or visit calgary.ca/parksvenues.
Reader Rock Garden, 325 25th Ave. S.E.
Ralph Klein Park Environmental Education and Ethics Centre, 12350 84th St. S.E.
Inglewood Bird Sanctuary and Nature Centre, 2425 Ninth Ave. S.E.
Devonian Gardens, 324 Eighth Ave. S.W.
SET FORSUCCESS
It’s the little things that add up to a greatmeeting. From inspiringspaces and healthful menus to thoughtful attention to details, we’ll
set you up for clear-thinking productivity.
FORMORE INFORMATIONORTOMAKEARESERVATION, VISITWESTIN.COM/CALGARYORCALL 403.508.5208
©2011–2013 Starwood Hotels & ResortsWorldwide, Inc. All Rights Reserved. Preferred Guest, SPG, Westin and their logos are the trademarks of Starwood Hotels & ResortsWorldwide,Inc., or its affiliates. For full terms & conditions visit westin.com/calgary
Grand Re-Opening: Early 2014Business Lunches | Meeting Space Outdoor Tent | Stampede Parties
403.476.1310 | Fish Creek Park - 15979 Bow Bottom Trail SE, Calgary, [email protected] | www.RancheRestaurant.com | RancheYYC
SET FORSUCCESS
It’s the little things that add up to a greatmeeting. From inspiringspaces and healthful menus to thoughtful attention to details, we’ll
set you up for clear-thinking productivity.
FORMORE INFORMATIONORTOMAKEARESERVATION, VISITWESTIN.COM/CALGARYORCALL 403.508.5208
©2011–2013 Starwood Hotels & ResortsWorldwide, Inc. All Rights Reserved. Preferred Guest, SPG, Westin and their logos are the trademarks of Starwood Hotels & ResortsWorldwide,Inc., or its affiliates. For full terms & conditions visit westin.com/calgary
Grand Re-Opening: Early 2014Business Lunches | Meeting Space Outdoor Tent | Stampede Parties
403.476.1310 | Fish Creek Park - 15979 Bow Bottom Trail SE, Calgary, [email protected] | www.RancheRestaurant.com | RancheYYC
silvertipresort.com
Meet on the Edge of Wilderness
Guaranteed to impress your clients, rejuvenate your sta� and set pulses racing with spectacular scenery that leaves a lasting impression on every visitor.
Silvertip’s state-of-the-art conference facilities will reward you far beyond the walls of a boardroom. The breathtaking scenery will boost productivity and motivate peak performance for your team.
The promise of an exceptional event combined with � rst-rate cuisine and western hospitality guarantees your stay will be unforgettable.
We invite you to book a site visit and witness for yourself all that Silvertip has to o� er.
Contact us at 1.877.877.5444 or [email protected]
The art of presentation technology.
Achieve a higher state of understanding and peace of mind with presentation technology
solutions from Freeman Audio Visual. For more than 50 years, we have set the standard for
excellence and innovation in meeting our customers’ communication objectives. We provide
presentation technology solutions for events of any size, any type and at any location. With 35
locations coast-to-coast, Freeman Audio Visual's presence ensures consistent delivery
of the most innovative solutions in North America. Make your next event an unqualified
success and enjoy a little more peace of mind with presentation technology solutions from
Freeman Audio Visual.
I N N O V A T I O N D E D I C A T E D T O Y O U R B R A N D .
403.235.1563 ◆ www.freemanav-ca.com
1886.ArtofPresCalgary 1/13/14 7:38 PM Page 1
silvertipresort.com
Meet on the Edge of Wilderness
Guaranteed to impress your clients, rejuvenate your sta� and set pulses racing with spectacular scenery that leaves a lasting impression on every visitor.
Silvertip’s state-of-the-art conference facilities will reward you far beyond the walls of a boardroom. The breathtaking scenery will boost productivity and motivate peak performance for your team.
The promise of an exceptional event combined with � rst-rate cuisine and western hospitality guarantees your stay will be unforgettable.
We invite you to book a site visit and witness for yourself all that Silvertip has to o� er.
Contact us at 1.877.877.5444 or [email protected]
The art of presentation technology.
Achieve a higher state of understanding and peace of mind with presentation technology
solutions from Freeman Audio Visual. For more than 50 years, we have set the standard for
excellence and innovation in meeting our customers’ communication objectives. We provide
presentation technology solutions for events of any size, any type and at any location. With 35
locations coast-to-coast, Freeman Audio Visual's presence ensures consistent delivery
of the most innovative solutions in North America. Make your next event an unqualified
success and enjoy a little more peace of mind with presentation technology solutions from
Freeman Audio Visual.
I N N O V A T I O N D E D I C A T E D T O Y O U R B R A N D .
403.235.1563 ◆ www.freemanav-ca.com
1886.ArtofPresCalgary 1/13/14 7:38 PM Page 1
[title] • [section]
70 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
[title] • [section]Update • Real Estate
As the global markets have con-tinued to fl uctuate and some speculation persists, there is
increased optimism that economic con-ditions are starting to stabilize. Closer to home, confi dence in the health of Alberta’s economy is being substanti-ated by the energy sector, net migration, overall affordability and strength of the local residential real estate markets.
Over the past year, Calgary’s real estate market has continued to climb and has in fact exceeded expectations. Growth has now been in the double digits for two consecutive years and industry experts are optimistic that moderate increases will continue well into 2014.
Becky Walters, president of the Cal-gary Real Estate Board (CREB) explains that activity in 2013 reached levels above longer term trends. ‘Calgary continues to be recognized as a very affordable city to live in. Ongoing employment opportunities have spurred net migration, and with an ongoing tight rental market and low interest rates, more and more people are entering the market. Many com-munities have already seen price recovery.’
Activity in December showed a year-over-year increase of eight per cent in sales volume and an overall increase of 11 per cent for the year. Compared to 2012, the year brought more listings and a pricing increase of 8.6 per cent. The benchmark price for a single family home in December was $472,200, which exceeded previous unadjusted pricing by more than seven per cent. In comparison, the benchmark pricing for a condo apartment and condo townhouse in December were $278,600 and $307,100 respectively.
Indications are that the vitality of the market will likely continue.
According to ‘Global Real Estate Trends’ released by Scotiabank Global Economics in December, while global property markets are still gaining their footing, Canadian home prices continue to be in the lead. Given the economic resilience of Alberta, it isn’t surprising that the report also indicated that it is anticipated that ‘Alberta will likely out-perform national housing markets in 2014.’
‘In comparison to the past fi ve years, 2013 has been a great year in real estate,’ explains Ryan MacDonald, realtor with Calgary Home Team, REMAX First. ‘There is healthy activity and although inventory is tight within the single
family market, we’re seeing increased interest in condos and more people entering that sector of the market. Loca-tion is always top priority, and buyers are increasing interested in the lifestyle a community offers and the features within a home such as high ceilings, upstairs laundry and spa-link unsuite bathrooms,’ says MacDonald.
He goes on to explain that any-one looking to buy a home, needs to be mindful that houses are moving really quickly. In some cases single family homes are receiving multiple offers simultaneously, all of which are well over the asking price. With lim-ited inventory in the $500,000 or less bracket, homes are expected to continue
to move quickly. ‘There is far more choice for those shop-ping in the $1 million plus market. In December alone, there were over 400 homes listed in the $1 million plus bracket.’
Looking ahead, indications are that the province and more specifi cally Calgary will in fact outperform, however, not that the pace seen in 2013. In a preliminary forecast released ear-lier in December, CREB indicated that it is expected that prices will increase by 4.3 per cent in the coming year and MLS sales to rise by 3.6 per cent. The full forecast was scheduled to be released on January 15th at the CREB Annual Conference. BiC
Real Estate UpdateAlberta to maintain the lead. Experts anticipate that the province will outperform in national housing this year.BY HEATHER RAMSAY
Becky Walters, president of the Calgary Real Estate Board (CREB)
Considerations for selling in winter months: • Embrace the Season ~ ensure driveways and walk-
ways are cleared of snow and ice, use tasteful and limited décor and ensure the ‘clutter’ of winter wear and items are tidy or put away out of sight
• Create an Invitation ~ during darker winter days create a warm and inviting home buy turning on out-door and indoor lights
• Declutter and Depersonalize ~ tidy, purge and put personal items and photos away, create space so that potential buyers can see themselves in the home
• Warm Up ~ show case the inviting qualities and charac-ter of your home by making it warm and cozy, fi replaces are a great focal point and conversation piece, consider turning up the thermostat before a showing
John Haddon Design | Celebrating 30 Years | 1
W hen John Alden Haddon decided to go into business 30 years ago, the impetus
had been on a slow churn since his youth. Looking back, one could say John’s passion and talent was – lit-erally – in the palm of his hand: he loved to draw homes.
Today, three decades after estab-lishing John Haddon Design Ltd., John has designed thousands of homes in Alberta, hundreds through-out North America and dozens around the world – many of which are multimillion-dollar houses. His work has appeared in Architectural Digest along with countless provin-cial and local publications.
Over the last couple of decades, his designs have garnered dozens of SAM awards for homebuilders and he has an avid following among social media fans. And as he stops to reflect on a lifetime of work, his drive to ‘be a better designer’ is fully engaged and stronger than ever.
“With every house, I strive to create a work of art – something that the home-owner will always enjoy and admire with awe, and that’s my footprint in the sand,” says John Haddon, president, John Haddon Design. “It’s not about designing trophy homes, it’s about realizing the homeowner’s dream.”
He listens to his customers, studies the streetscape and neighbourhood, John Alden Haddon
Designing a Lifelong Passion…John Haddon Design celebrates 30 years
By Mary Savage
John Haddon Design | Celebrating 30 Years | 1
W hen John Alden Haddon decided to go into business 30 years ago, the impetus
had been on a slow churn since his youth. Looking back, one could say John’s passion and talent was – lit-erally – in the palm of his hand: he loved to draw homes.
Today, three decades after estab-lishing John Haddon Design Ltd., John has designed thousands of homes in Alberta, hundreds through-out North America and dozens around the world – many of which are multimillion-dollar houses. His work has appeared in Architectural Digest along with countless provin-cial and local publications.
Over the last couple of decades, his designs have garnered dozens of SAM awards for homebuilders and he has an avid following among social media fans. And as he stops to reflect on a lifetime of work, his drive to ‘be a better designer’ is fully engaged and stronger than ever.
“With every house, I strive to create a work of art – something that the home-owner will always enjoy and admire with awe, and that’s my footprint in the sand,” says John Haddon, president, John Haddon Design. “It’s not about designing trophy homes, it’s about realizing the homeowner’s dream.”
He listens to his customers, studies the streetscape and neighbourhood, John Alden Haddon
Designing a Lifelong Passion…John Haddon Design celebrates 30 years
By Mary Savage
John Haddon Design | Celebrating 30 Years | 2
and then begins the design process. As an example, design-ing an estate home on an inner-city lot comes with certain challenges – namely drafting a design that flows within the existing community while achieving the homeowner’s vision.
“The toughest part of any design is the first line, but you have to draw the first line to start the process. Draw what you know and the rest will fall into place and if it doesn’t, change the first line,” he adds with a smile.
His approach is seemingly simply and when John sits down with a client to talk about their plans and dreams, one glance across the table finds the design wheels in motion. As his eyes drift upward, the gears of ingenu-ity are engaged while he continues to listen and absorb every image the client shares.
And as he pulls from a lifetime of experience, knowl-edge and expertise, he starts to draft the home in his mind’s eye. He is a master of the trade and his ability to create award-winning design speaks to the level of expertise he brings to every new project.
Today John Haddon is a highly respected and sought-after designer – raising the bar and redefining the process. From estate homes and vacation properties to duplexes and infills, one need look no further than our backyard to view his versatile and impressive portfolio.
As John Haddon Design celebrates their 30th anniver-sary, we glance back for a moment and listen to a few stories that have shaped this influential and successful businessman.
Never without a pencil… From the time that John discovered writing instru-
ments, he was drawing – not unlike most children – but John was different. He drew houses that spoke of grand-old architecture: century-old homes that speckled the New England coastline and communities.
He was born and raised in the southwest corner of New Brunswick and came from a long line of sea captains on his father’s side. Growing up, he recalls Passamaquoddy Bay and spent every summer on Deer Island – surrounded by the water and architecture that had withstood many centuries.
Throughout his schooling, from kindergarten to Grade 12, John was never without paper and pen – but not for note taking. The majority of his notebooks were filled with drawings. He didn’t view his ability as a special gift; he simply loved to draw houses – never once stopping to consider his fate.
When John finished high school, he attended univer-sity and studied civil engineering, but after a year he opted not to return. He took a job in a hardware store and contemplated what he wanted to do with his life … and one day while sketching another home, it finally hit him.
“I realized my first love was designing homes and then I returned to university. I had no interest in designing skyscrapers or office buildings, so I veered away from becoming an architect and opted to study civil architec-tural technology,” he recalls.
He graduated in 1980, but there was no work for a draftsman on the East Coast – causing John to travel west to Calgary – and within six months, he landed a job with Keith Homes who were developing the communi-ties of Midnapore Lake and Sundance.
“In the years prior to moving west, I used to receive letters from my sister who had already moved to Calgary. In her letters, she wrote about a company that ‘went to the rim of the bare prairie, dug these huge holes, filled them with water to create a lake and then built commu-nities around them…’ and I always found it ironic I ended up working for that very company,” he says.
Keith Homes evolved into Keith Engineered Homes, which then became Genstar Properties. But inside of four years, the economy was wavering sufficiently for Genstar to close its doors on their housing company.
And the shift in the marketplace prompted John to re-evaluate his career: the timing was perfect to establish
Among the thousands of people who were affected by the June 2013 floods, John was one of them.
On the morning of June 20 and as he was not pre-pared for the flood – the water rushed in with such velocity he was not able to evacuate or save most of his valuables and keepsakes. He saw the rise and fall of the floodwaters – first hand. He also saw the dete-rioration of his life’s work and was forced to relocate his office to a temporary location. This month, John moved back to his original office and although many of the files, equipment and belongings were lost, a few keepsakes were rescued: a handful of draw-ings from his teenage years and the original drafting table he used to start the business.
John Haddon Design | Celebrating 30 Years | 3
Congratulations
to John Haddon Design on 30 years!RDM Interiors has worked with John Haddon for over twenty years,
both doing the interiors as well as selling many of his homes. Wishing John and his team continued success!
403-244-3226
www.rodmacdonald.ca/RDM
403-294-1500
www.rodmacdonald.ca
We at Marvin Windows of Canada are pleased to have been partners of John Haddon Design’s success and are looking forward to
another 30 years of continued and successful partnership!
HAPPY ANNIVERSARY!
John Haddon Design | Celebrating 30 Years | 2
and then begins the design process. As an example, design-ing an estate home on an inner-city lot comes with certain challenges – namely drafting a design that flows within the existing community while achieving the homeowner’s vision.
“The toughest part of any design is the first line, but you have to draw the first line to start the process. Draw what you know and the rest will fall into place and if it doesn’t, change the first line,” he adds with a smile.
His approach is seemingly simply and when John sits down with a client to talk about their plans and dreams, one glance across the table finds the design wheels in motion. As his eyes drift upward, the gears of ingenu-ity are engaged while he continues to listen and absorb every image the client shares.
And as he pulls from a lifetime of experience, knowl-edge and expertise, he starts to draft the home in his mind’s eye. He is a master of the trade and his ability to create award-winning design speaks to the level of expertise he brings to every new project.
Today John Haddon is a highly respected and sought-after designer – raising the bar and redefining the process. From estate homes and vacation properties to duplexes and infills, one need look no further than our backyard to view his versatile and impressive portfolio.
As John Haddon Design celebrates their 30th anniver-sary, we glance back for a moment and listen to a few stories that have shaped this influential and successful businessman.
Never without a pencil… From the time that John discovered writing instru-
ments, he was drawing – not unlike most children – but John was different. He drew houses that spoke of grand-old architecture: century-old homes that speckled the New England coastline and communities.
He was born and raised in the southwest corner of New Brunswick and came from a long line of sea captains on his father’s side. Growing up, he recalls Passamaquoddy Bay and spent every summer on Deer Island – surrounded by the water and architecture that had withstood many centuries.
Throughout his schooling, from kindergarten to Grade 12, John was never without paper and pen – but not for note taking. The majority of his notebooks were filled with drawings. He didn’t view his ability as a special gift; he simply loved to draw houses – never once stopping to consider his fate.
When John finished high school, he attended univer-sity and studied civil engineering, but after a year he opted not to return. He took a job in a hardware store and contemplated what he wanted to do with his life … and one day while sketching another home, it finally hit him.
“I realized my first love was designing homes and then I returned to university. I had no interest in designing skyscrapers or office buildings, so I veered away from becoming an architect and opted to study civil architec-tural technology,” he recalls.
He graduated in 1980, but there was no work for a draftsman on the East Coast – causing John to travel west to Calgary – and within six months, he landed a job with Keith Homes who were developing the communi-ties of Midnapore Lake and Sundance.
“In the years prior to moving west, I used to receive letters from my sister who had already moved to Calgary. In her letters, she wrote about a company that ‘went to the rim of the bare prairie, dug these huge holes, filled them with water to create a lake and then built commu-nities around them…’ and I always found it ironic I ended up working for that very company,” he says.
Keith Homes evolved into Keith Engineered Homes, which then became Genstar Properties. But inside of four years, the economy was wavering sufficiently for Genstar to close its doors on their housing company.
And the shift in the marketplace prompted John to re-evaluate his career: the timing was perfect to establish
Among the thousands of people who were affected by the June 2013 floods, John was one of them.
On the morning of June 20 and as he was not pre-pared for the flood – the water rushed in with such velocity he was not able to evacuate or save most of his valuables and keepsakes. He saw the rise and fall of the floodwaters – first hand. He also saw the dete-rioration of his life’s work and was forced to relocate his office to a temporary location. This month, John moved back to his original office and although many of the files, equipment and belongings were lost, a few keepsakes were rescued: a handful of draw-ings from his teenage years and the original drafting table he used to start the business.
John Haddon Design | Celebrating 30 Years | 3
Congratulations
to John Haddon Design on 30 years!RDM Interiors has worked with John Haddon for over twenty years,
both doing the interiors as well as selling many of his homes. Wishing John and his team continued success!
403-244-3226
www.rodmacdonald.ca/RDM
403-294-1500
www.rodmacdonald.ca
We at Marvin Windows of Canada are pleased to have been partners of John Haddon Design’s success and are looking forward to
another 30 years of continued and successful partnership!
HAPPY ANNIVERSARY!
Marvin Windows & Doors of Canada#15 - 4948 126 Avenue SE, Calgary, AB, T2Z 0A9Phone: 403-726-1575 | Fax: 403-279-3360Email: [email protected] | www.marvincanada.com
John Haddon Design | Celebrating 30 Years | 5
Quality Custom Home Builder and Renovator
Custom Homes | Renovations | Project Management
www.eastmen.ca | 403.279.5611 | [email protected] Platinum Sponsor of the CA/ADA
Call or email 403.399.6867 • [email protected]
Proud Platinum Sponsor of the CA/ADA
Call or email 403.399.6867 • [email protected]
Proud Platinum Sponsor of the CA/ADA
Call or email 403.399.6867 • [email protected]
Proud Platinum Sponsor of the CA/ADA
Call or email 403.399.6867 • [email protected]
Congratulations to the team at John Haddon Design, on reaching this 30 year milestone!
We value our relationship and look forward to our continued partnership.
# 200, 11420 27th Street SE, Calgary, AB, T2Z 3R6
Warmest congratulations on achieving a significant business milestone -
30 Years in Business! Our very best wishes for continued success!
www.stonebriarcraftedhomes.com403.880.9939
John Haddon Design | Celebrating 30 Years | 4
John Haddon Design. “Many of the people who worked for Genstar started their own companies and it was through these relationships that I landed many contracts … and that’s how it started,” adds John.
For the first 10 years, John rolled along picking up enough work to keep him busy, but he wanted more. He wanted to design high-end homes … and then the call came. He landed his first large-scale contract for a prominent family who wanted a summer home on the B.C. coast, and that proved to be a turning point for John Haddon Design.
For the past 20 years, John has been designing high-end homes and he has established his reputation largely
through word of mouth. “When Realtors show a John Haddon Design house, it attracts a particular clientele. I have worked very hard and my name is recognized – and that means something,” he adds.
Two computer screens on the left… One drafting table on the right
When a potential customer calls John to talk about designing a new home, he immediately pulls up Google Maps and locates their property. “Every house is differ-ent, every client is different and every lot is different and when someone phones me out of the blue, I always keep two computer screens open: the City of Calgary map and Google Maps,” notes John.
“During the initial phone call, I try to give the cus-tomer as much information as possible – as it relates to their lot and what they can and can’t do. The initial call is to understand the parameters,” asserts John. “Many people don’t realize that Google Maps exists and many people are surprised – during the initial conversation – that I’m able to provide so much detailed information.”
And John never charges for the first meeting – it’s simply how he has always run the business. “As the homeowner begins to describe their vision, we talk
www.douglassurveys.com • 403.228.7005290 - 2323 32nd Avenue NE, Calgary AB
Congratulations on 30 years, John Haddon Design. Proud to be associated with your company and work.
403.243.8823
insightai.com
Congratulations on your 30 year milestone!
Congratulations on your Congratulations on your Congratulations on your Congratulations on your Congratulations on your Congratulations on your
#2, 2220 - 20 Avenue NW
403.338.1172
www.instantplumbing.ca
Congratulations John Haddon Design for 30 successful years in business!
#2, 2220 - 20 Avenue NW
403.338.1172
www.instantplumbing.ca
Congratulations John Haddon Designfor 30 successful years in business!
Welcome to Instant Plumbing Ltd.! We have been in operation since 1972, are BBB accredited, and offer full residential plumbing services in all areas of Calgary. Very well qualified, we use only journeymen and advanced apprentices on-site.
AD PROOF - URGENTTM
P U B L I C A T I O N S
AD PROOF - URGENTTM
P U B L I C A T I O N S
AD PROOF - URGENTTM
P U B L I C A T I O N SA Higher Level of Craftsmanship
John Haddon is a key stakeholder in the initial ‘dream to design’ phase of development for our clients. Riverview Custom Homes sends out our sincerest congratulations to you, John, for 30 impressive years in business. You are not only a great designer but a great person as well. We look forward to what is in store for you and your design creations in the future.
2012
CHBA - Calgary Region
John Haddon Design | Celebrating 30 Years | 5
Congratulations John on your 30Congratulations John on your 30thth Anniversary. Anniversary. We look forward to working with you for
many more years to come!
Quality Custom Home Builder and Renovator
Custom Homes | Renovations | Project Management
www.eastmen.ca | 403.279.5611 | [email protected] Platinum Sponsor of the CA/ADA
Call or email 403.399.6867 • [email protected]
Proud Platinum Sponsor of the CA/ADA
Call or email 403.399.6867 • [email protected]
Proud Platinum Sponsor of the CA/ADA
Call or email 403.399.6867 • [email protected]
Proud Platinum Sponsor of the CA/ADA
Call or email 403.399.6867 • [email protected]
Congratulations to the team at John Haddon Design, on reaching this 30 year milestone!
We value our relationship and look forward to our continued partnership.
# 200, 11420 27th Street SE, Calgary, AB, T2Z 3R6
Warmest congratulations on achieving a significant business milestone -
30 Years in Business! Our very best wishes for continued success!
www.stonebriarcraftedhomes.com403.880.9939
John Haddon Design | Celebrating 30 Years | 4
John Haddon Design. “Many of the people who worked for Genstar started their own companies and it was through these relationships that I landed many contracts … and that’s how it started,” adds John.
For the first 10 years, John rolled along picking up enough work to keep him busy, but he wanted more. He wanted to design high-end homes … and then the call came. He landed his first large-scale contract for a prominent family who wanted a summer home on the B.C. coast, and that proved to be a turning point for John Haddon Design.
For the past 20 years, John has been designing high-end homes and he has established his reputation largely
through word of mouth. “When Realtors show a John Haddon Design house, it attracts a particular clientele. I have worked very hard and my name is recognized – and that means something,” he adds.
Two computer screens on the left… One drafting table on the right
When a potential customer calls John to talk about designing a new home, he immediately pulls up Google Maps and locates their property. “Every house is differ-ent, every client is different and every lot is different and when someone phones me out of the blue, I always keep two computer screens open: the City of Calgary map and Google Maps,” notes John.
“During the initial phone call, I try to give the cus-tomer as much information as possible – as it relates to their lot and what they can and can’t do. The initial call is to understand the parameters,” asserts John. “Many people don’t realize that Google Maps exists and many people are surprised – during the initial conversation – that I’m able to provide so much detailed information.”
And John never charges for the first meeting – it’s simply how he has always run the business. “As the homeowner begins to describe their vision, we talk
Congratulations on 30 years, John Haddon Design. Proud to be associated with your company and work.
403.243.8823
insightai.com
Congratulations on your 30 year milestone!
#2, 2220 - 20 Avenue NW
403.338.1172
www.instantplumbing.ca
Congratulations John Haddon Design for 30 successful years in business!
Welcome to Instant Plumbing Ltd.! We have been in operation since 1972, are BBB accredited, and offer full residential plumbing services in all areas of Calgary. Very well qualified, we use only journeymen and advanced apprentices on-site.
AD PROOF - URGENTTM
P U B L I C A T I O N S
AD PROOF - URGENTTM
P U B L I C A T I O N S
AD PROOF - URGENTTM
P U B L I C A T I O N SA Higher Level of Craftsmanship
John Haddon is a key stakeholder in the initial ‘dream to design’ phase of development for our clients. Riverview Custom Homes sends out our sincerest congratulations to you, John, for 30 impressive years in business. You are not only a great designer but a great person as well. We look forward to what is in store for you and your design creations in the future.
2012
CHBA - Calgary Region
John Haddon Design | Celebrating 30 Years | 6
about the style of architecture, their dreams and as many details as possible,” he asserts.
“Traditional or modern … subdued-traditional or ultra-modern? I think in 3D and I can see the house design take shape as the client explains their dreams. In my mind, I am touring their new home – until I can translate the layout onto paper,” he says.
And when John refers to ‘paper,’ it’s literal. Inside his office and opposite the computer screens, you will find a drafting table.
“I still design by hand and I love the flair of a pencil – you will never get the pencil out of my hand!” he says. “It’s tough to do good design on a computer – you need the flair of the lead … you can’t stop the mind from creating.”
And when it comes to design, there are three main styles: traditional, modern and contemporary. Contemporary can be a mix of both traditional and modern, but as John has observed, the house has to ‘fit’ the neighbourhood, the environment, privacy requirements and the overall design has to flow – it’s the sum of all the parts.
“I grew up surrounded by old architecture and I try to emulate the lines and styles that reflect those homes – even though styles have changed and there are more modern and contemporary homes now,” he comments. “I can design any style of home or any combination of styles, and often people will blend styles to achieve the look they want.”
From acreages and estate homes to inner-city infills, John works with a variety of clients. When he works with the homebuilders, his designs offer a universal appeal. Like-wise, he works with many professionals who build homes as an alternative income source. John looks after the design and the homeowner hires a builder, and although John is not involved with the construction aspect, he stays on the project until the framing is complete.
When a client is building a house for the purpose of selling it, John’s goal is to make the passersby stop the car and want to go inside. “From the moment they open the front door, I want to hear them say, ‘Wow.’ The design draws them inside and makes them want to open every door – it has beauty, flow and personality,” he asserts. “I want to create intrigue in every room of the house.”
When you stop learning, you stop living…
Since starting the business, John’s passion has never waned and with each new project, his enthusiasm and drive remains constant – rising up and fanning out. “My level of expertise is always changing and my goal to ‘be better’ has never changed. When you stop learning, you stop living,” he notes.
“Technology has changed the way we communicate with our clients and how we manage the design pro-cess,” says John. “When I started the business, we used to produce blueprints. Today we view everything online – regardless of where the client lives or where we are building their new home.”
And today, the clients are far more educated, they are more style savvy and they know what they want. “People want smaller, more compact homes, but they want a lot more detail, and they expect more style and better value for their investment,” he says.
As John has watched the industry grow, he’s witnessed a movement among communities that have evolved from homebuilders to homeowners. “Thirty years ago, there were more ‘cookie-cutter’ homes with an empha-sis on suburb and bedroom communities. Today, there are a lot more inner-city estate developments … with a demand for style,” he asserts.
“Calgary’s architecture is looking phenomenal and I want to continue to be a part of that … it pulls me forward. I’m learning all the time which enables me to provide more options to my clients, but always with a creative edge,” he adds. “And Calgary has some phe-nomenal designers – they make me want to become a better designer. I can’t stagnate – I have to move for-ward, grow and improve,” says John. •
“R ivet” is the latest software in the drafting world and allows designers to draft in 3D. It
also allows the client to view their new home design in 3D – bringing a new dimension to the process. To educate his employees, John hired an instructor to provide in-house training of the new technology, however the sessions were cut short when the floods hit on the third day of teaching. Once the office had been relocated, lessons resumed.
Follow John Haddon Design: Facebook: John Haddon Design
Twitter: johnhaddon@homedesigner LinkedIn • Bing • Yahoo • Houzz
www.johnhaddondesign.com | [email protected] 24 Ave SW, Calgary, AB | 403.245.2443
Q’Max Solutions Inc. 20th Anniversary | 1
Q’Max Solutions Inc.
20th AnniversaryBy John Hardy
John Haddon Design | Celebrating 30 Years | 6
about the style of architecture, their dreams and as many details as possible,” he asserts.
“Traditional or modern … subdued-traditional or ultra-modern? I think in 3D and I can see the house design take shape as the client explains their dreams. In my mind, I am touring their new home – until I can translate the layout onto paper,” he says.
And when John refers to ‘paper,’ it’s literal. Inside his office and opposite the computer screens, you will find a drafting table.
“I still design by hand and I love the flair of a pencil – you will never get the pencil out of my hand!” he says. “It’s tough to do good design on a computer – you need the flair of the lead … you can’t stop the mind from creating.”
And when it comes to design, there are three main styles: traditional, modern and contemporary. Contemporary can be a mix of both traditional and modern, but as John has observed, the house has to ‘fit’ the neighbourhood, the environment, privacy requirements and the overall design has to flow – it’s the sum of all the parts.
“I grew up surrounded by old architecture and I try to emulate the lines and styles that reflect those homes – even though styles have changed and there are more modern and contemporary homes now,” he comments. “I can design any style of home or any combination of styles, and often people will blend styles to achieve the look they want.”
From acreages and estate homes to inner-city infills, John works with a variety of clients. When he works with the homebuilders, his designs offer a universal appeal. Like-wise, he works with many professionals who build homes as an alternative income source. John looks after the design and the homeowner hires a builder, and although John is not involved with the construction aspect, he stays on the project until the framing is complete.
When a client is building a house for the purpose of selling it, John’s goal is to make the passersby stop the car and want to go inside. “From the moment they open the front door, I want to hear them say, ‘Wow.’ The design draws them inside and makes them want to open every door – it has beauty, flow and personality,” he asserts. “I want to create intrigue in every room of the house.”
When you stop learning, you stop living…
Since starting the business, John’s passion has never waned and with each new project, his enthusiasm and drive remains constant – rising up and fanning out. “My level of expertise is always changing and my goal to ‘be better’ has never changed. When you stop learning, you stop living,” he notes.
“Technology has changed the way we communicate with our clients and how we manage the design pro-cess,” says John. “When I started the business, we used to produce blueprints. Today we view everything online – regardless of where the client lives or where we are building their new home.”
And today, the clients are far more educated, they are more style savvy and they know what they want. “People want smaller, more compact homes, but they want a lot more detail, and they expect more style and better value for their investment,” he says.
As John has watched the industry grow, he’s witnessed a movement among communities that have evolved from homebuilders to homeowners. “Thirty years ago, there were more ‘cookie-cutter’ homes with an empha-sis on suburb and bedroom communities. Today, there are a lot more inner-city estate developments … with a demand for style,” he asserts.
“Calgary’s architecture is looking phenomenal and I want to continue to be a part of that … it pulls me forward. I’m learning all the time which enables me to provide more options to my clients, but always with a creative edge,” he adds. “And Calgary has some phe-nomenal designers – they make me want to become a better designer. I can’t stagnate – I have to move for-ward, grow and improve,” says John. •
“R ivet” is the latest software in the drafting world and allows designers to draft in 3D. It
also allows the client to view their new home design in 3D – bringing a new dimension to the process. To educate his employees, John hired an instructor to provide in-house training of the new technology, however the sessions were cut short when the floods hit on the third day of teaching. Once the office had been relocated, lessons resumed.
Follow John Haddon Design: Facebook: John Haddon Design
Twitter: johnhaddon@homedesigner LinkedIn • Bing • Yahoo • Houzz
www.johnhaddondesign.com | [email protected] 24 Ave SW, Calgary, AB | 403.245.2443
Q’Max Solutions Inc. 20th Anniversary | 1Q’Max Solutions Inc. 20th Anniversary | 1
The first 20 years of Q’Max Solutions has been about solid client/partner relationships built on co-oper-ation, respect and service excellence; the develop-
ment of innovative, cutting-edge technology; and giving back to Q’Max communities.
The next 20 years of Q’Max Solutions will be about dynamic growth and ... lots more of the same: solid client and partner relationships; an uncompromised commit-ment to efficient service; the development of exciting new technology; and – from Calgary to Peru and from India to Mexico – giving back to Q’Max communities.
“Our company started modestly but ambitiously with five determined drilling professionals in Western Can-ada,” says Q’Max president and CEO, Chris Rivers. “Today, Q’Max is a remarkable team of more than 1,400 people, earning the Q’Max reputation every day, in nine countries with more to be added soon.”
Rivers is cautious (and good-naturedly cagey) about
tipping his hand and revealing too much about specific Q’Max plans and strategies for 2014 and beyond.
Enthusiastically, he confirms strategic expansion plans, mentions some particulars and outlines that industry-leading Q’Max will be introducing new, state-of-the-art oilfield services and deliverables at all Q’Max locations.
In addition to earning and solidifying its industry reputation, the first 20 Q’Max years have reinforced the distinctive Q’Max approach to thoroughly understand-ing individual customer needs and – whether it requires modifying, adapting, designing or creating entirely new systems – doing whatever it takes to deliver and apply the most effective drilling fluid solutions.
One of the key, competitive-edge Q’Max differences is respecting the individuality of the Q’Max customer.
Because the situations and challenges are different, and invariably impacted by each geographical area, the development and application of the most effective Q’Max
Q’Max Solutions Inc.
20th AnniversarySolutions Inc.Solutions Inc.
By John Hardy
Q’Max Q’Max Q’Max
Q’Max Solutions Inc. 20th Anniversary | 2Q’Max Solutions Inc. 20th Anniversary | 2
drilling fluid system solution is virtually ‘customized’ for the specific site and assignment.
For example, the situations and solutions in the shale plays of Texas are bound to be different from the needs and solutions required in India or offshore Mexico.
“Our job has a heavy focus on the special needs and circumstances of each specific customer,” says a proud Reg Northcott, a Q’Max founder and one of the oil and gas industry’s most respected professionals and the upbeat and extremely knowledgeable executive vice president of Q’Max Solutions. “And we apply our expertise by under-standing the unique situation of our individual customer.
“The past 20 years in the business has definitely expanded our deliverables and, although we have achieved much growth, the first two decades of Q’Max performance and success haven’t really changed us,” he adds.
“On the contrary! We are more focused than ever on the individuality of each Q’Max customer. As a service com-pany, it is absolutely our most important job. To identify the specific needs and problems of our customer, apply our expertise to tailor and design the most suitable drill-ing fluid solutions to maximize the customer’s efficiency.”
“It’s what Q’Max is all about.” The dedicated oil and gas drilling professionals in
Q’Max and the leadership of industry visionaries like Chris Rivers, Reg Northcott, Paul Meek and Len Baltoiu enable Q’Max to deliver the specialized services that today’s oil
and gas customers need and are looking for: the resources of a multinational service company with the customized focus and attention of an independent.
“We want them to think of us as a big city with a small-town feel,” Northcott says with a warm smile.
Whether in Fort McMurray, Alberta, Bogota, Colombia or Quito, Ecuador, specialized research and development (R&D) is done at each location-unique Q’Max operation.
The specialized focus on the individual customer has not only become one of most sought-after aspects of the Q’Max brand and reputation but it has also become somewhat of a Q’Max trademark: “local” R&D, creating uniquely “local” and effective systems and “local” solu-tions to resolve “local” problems.
Rivers explains that each country represents a fully equipped and self-sufficient independent Q’Max business unit. Each business unit enjoys considerable autonomy, which maximizes rapid responses to customer needs, while enjoying the advantages of having valuable access to the technical, logistical, purchasing, financial and operational expertise of the company, as a whole.
The lab work and industrial trials are all done in local Q’Max facilities and always supported by an international group of Q’Max technical specialists (called “The Wolf Pack”), who are connected in real time across all Q’Max business units.
Having fully staffed, comprehensive fluid and research
L-R: Len Baltoiu, VP Technology; Paul Meek VP, Canada; Chris Rivers, President & CEO; Reg Northcott, Exec VP. Photo by Nancy Bielecki.
Q’Max Solutions Inc. 20th Anniversary | 3
Q’Max Solutions Inc. 20th Anniversary | 2 Q’Max Solutions Inc. 20th Anniversary | 3Q’Max Solutions Inc. 20th Anniversary | 3
testing facilities at all of the company’s labs, worldwide, is also an invaluable Q’Max difference. The labs employ trained technical professionals including PhDs, profes-sional engineers, biologists, solids control equipment specialists and chemical engineers.
As loyal Q’Max clients and competitors alike agree, it’s just one factor that sets the innovative company apart ... and in an industry league of its own.
After 20 distinguished years, Q’Max continues as an industry leader in oil and gas technology and drilling systems, providing customers with expertise and valuable services that includes research, planning and develop-ment of provenly effective drilling fluid solutions, cost/risk analysis, benchmarking, laboratory analysis, drilling fluid system design, solids control services equipment and much more.
Providing the most efficient and up-to-date drilling fluid solutions and services for the customer continues as Q’Max priority No. 1.
Also vitally important is the specialized R&D that enables Q’Max to constantly create and upgrade the newest and most effective drilling fluid systems and technologies.
Cutting-edge R&D has also become Q’Max hallmarks. Because drilling for heavy oil poses particular prob-
lems such as tar accretion, high torque and drag, borehole stability, mud foaming, high waste disposal and clean-up costs, the 20 years of Q’Max experience combine with proven and solid Q’Max innovation and expertise to transform oilfield challenges into effective solutions.
“Q’Max does not negotiate for a job. We earn it!” says the industry pride and passion of Len Baltoiu, Q’Max vice president of technology. “The client is most important and drives all that we do. And one of the truly special aspects of the Q’Max client relationship is that, regardless the job or the assignment, the client always gets the whole com-pany, not just a crew.
“We take the time to properly understand the specific situation and their needs. Then our labs and the full team of Q’Max technical specialists work together to provide optimum technological and economical options for the client’s specific situation and issue. Delivering value on their terms is what we do.”
As VP of technology, he oversees the gamut of Q’Max fluid systems and drilling fluid products, and all of the other Q’Max speciality solutions, developed by the exper-tise of skilled Q’Max engineers and researchers and specifically designed to deal with virtually any oilfield challenge in any area around the world.
With the spectrum of proprietary Q’Max systems and fluid control products – from CBMaxTM, Q’Drill, Q’Temp EX, SmartSealTM, HybriDrill EDE and ES to Q’Core, Q’BAM, Q’Plug and calcium removers, corrosion inhibi-tors, defoamers, brines and other speciality products – Q’Max continues to earn the rank of being a true, inter-
national industry leader when it comes to exceptional and unmatched oilfield services such as reducing drilling time and drilling fluid costs as well as providing the latest, state-of-the-art solutions for waste management issues.
The global focus on sustainability and the greening of the industry, renewable energies and systems and proce-dures also affirms Q’Max as a world leader in research and development, having already achieved several break-throughs that are invaluable in helping Q’Max clients also be on the cutting edge.
The management of water has become a major initia-tive throughout the upstream oil and gas industry. The development of unconventional plays and the drilling expansion into arid and environmentally sensitive areas brings with it increased emphasis on industry action about the conservation and protection of water.
Q’Max has developed one particular and patented tech-nology trade named the Mudstripper, that has reduced water consumption on drilling locations by as much as 50 per cent, while significantly reducing drilling times, waste volumes and associated handling, trucking and lease con-struction costs.
This technology, used on some 2000-plus Q’Max wells, is a perfect fit for oil and gas projects where water conservation and water management is a priority, but par-ticularly effective in remote locations where access to rig power is limited, and fluid waste management is critical.
Another excellent example is the recognition and acclaim for their QHSE (quality, health, safety and environment) systems in Mexico, based on continuous improvement principles, with each QHSE project being developed as a compliance program that is evaluated and upgraded on a regular basis.
Other key aspects of customized and comprehensive Q’Max services are some vital components such as the uncompromised Q’Max consistency of providing com-prehensive summaries, analyzing data from well sites, compiling detailed performance, product usage and cost reports and supplying the Q’Max client with continuous improvement recommendations.
The Q’Max sales, operational, technical, research and service staff work together to enhance the success prob-abilities of each project. They also submit up-to-date information about the environmental disposal of fluids and cuttings while drilling – always staying current and ensuring that the customer is updated with governmental and industry regulations regarding drilling waste.
Baltoiu, who has been with Q’Max for more than 18 years, is gung-ho about being part of so many exciting industry and company changes. “We must constantly reinvent ourselves to always be fresh and current, looking at things with fresh eyes,” he urges. “One thing that never changes is deliverables. We unconditionally deliver value to our clients.”
Q’Max Solutions Inc. 20th Anniversary | 4Q’Max Solutions Inc. 20th Anniversary | 4
“Deliverables are the core of what we do. It’s the top Q’Max priority and what has helped us achieve the 20 years of industry service and client relationship suc-cess,” Rivers adds with conviction. “Our client/partner list includes national and multinational companies through-out the world and is growing daily.
“That’s why – in addition to exciting strategic growth and expansion of sites and operations – we will soon enhance our customized solutions and integrated focus. We have already begun to add to our drilling fluids suite and are developing various new deliverables to even more effectively service our customers’ needs.”
Each and every Q’Max year, the 1,400 staff walk the talk and prove that there’s more, much more to business ... than business.
One of the Q’Max Solutions’ core priorities is giving back to its community.
Q’Max supports its local communities and prioritizes Q’Max supports its local communities and prioritizes and encourages company and employee philanthropy. Q’Max is an enthusiastic booster of many community groups: from food banks, the Canadian Cancer Society, Child Find, youth sports, and several health and wellness causes. Q’Max people volunteer unselfishly in every loca-tion while they work; they support and enhance schools
and hospitals; and they make a difference to their com-munity wherever they are.
After 20 exciting years of uncompromised oilfield ser-vice excellence, after 20 years of industry-respected and vice excellence, after 20 years of industry-respected and cutting-edge oil-field innovation and ingenuity, after 20 years of building solid relationships, after 20 years of earning satisfied and loyal Q’Max clients and after 20 years of being recognized as a true industry leader – Q’Max is a genuine oilfield service company.
Another vital Q’Max edge is management’s attitude, leadership and the confidence that filters through the com-pany’s operations, from head office to staff, the sites, the labs, to client/partners and even throughout the industry.
It is solid and professional positivity – and Chris Rivers has it, in spades.
He is openly revved and bullish about Q’Max and the overall potential within the industry. “Oil and gas has always been a cyclical business,” he says with firm deter-mination. “But despite a temporary softness in prices, the long term is positive. Oil drilling is robust and the outlook is strong and good.
“For our staff – and for our company – we have exciting times ahead!” •
1.800.268.6127www.qmaxsolutions.com
20th Anniversary
“Deliverables are the core of what we do. It’s the top Q’Max priority
and what has helped us achieve the 20 years of
industry service and client relationship success. ”
~ Chris Rivers
NGC Compression Solutions | 10th Anniversary | 1
NGC Compression Solutions
Celebrates 10 YearsWritten by John Hardy
Photos by Bookstrucker Photography
(Background photo):Waukesha 7044GSI Engine (1680 Horsepower)Ariel JGK/4 Compressor (3 Stage)Customer: RMP Energy Ltd.Location: Ante Creek Alberta
Q’Max Solutions Inc. 20th Anniversary | 4
1.800.268.6127www.qmaxsolutions.com
20th Anniversary
“Deliverables are the core of what we do. It’s the top Q’Max priority
and what has helped us achieve the 20 years of
industry service and client relationship success. ”
~ Chris Rivers
NGC Compression Solutions | 10th Anniversary | 1
As unconventional as it may sound, some of the secrets to NGC’s hard-earned success are: customer focus, industry expertise, integrity and problem solving.
Of course physical limitations in the NGC plant and on the shop floor create real constraints, although the specialized and virtually customized logistics and fabrication enables NGC to be flexible and precise.
Effectively managing the roller-coaster ups and downs of the natural gas industry has boosted the respected, Calgary-based company to solidify its industry-leading reputation for innovative improvisation and consistently turning lem-ons into lemonade.
“Initially, the target we were after was reconfiguration,” explains Shane Guiltner, president and CEO of NGC Com-pression Solutions. “It was our main focus for the first three years. And then, we sensed an opportunity to build a field service business to enhance the customer relationship. It was simply a natural extension.
“Outsourcing the manufacturing of equipment and deal-
ing with the constant and unexpected schedule delays and quality control problems was frustrating for our clients. That’s what eventually led us to do it ourselves, and how we got into the fabrication business.”
When the natural gas industry hit various speed bumps, it was a challenging time for many companies in the business, including the upstart NGC.
Again, the company called on its willingness to be flex-ible, adapt and change.
“When natural gas prices went from $10-$12 to $2-$3, it was a painful adjustment,” Guiltner candidly admits. “Some of our customers (like Encana) had hedges; for us, managing overhead, staff and maintaining our levels of service were the only viable options.
“And, although things have mostly stabilized, we are still adjusting to the new market realities. But there are also some really good opportunities.”
He is extremely plugged-in and has his finger on the pulse (and quirks) of Canada’s natural gas industry. “I think things
L- R: Shayne Ouellette, Keith Buck, Emily Sweet, Alan Halbert, Cathy LaPlante, Alyssa Guiltner, Shane Guiltner.
NGC Compression Solutions
Celebrates 10 YearsCelebrates 10 YearsWritten by John Hardy
Photos by Bookstrucker Photography
(Background photo):Waukesha 7044GSI Engine (1680 Horsepower)Ariel JGK/4 Compressor (3 Stage)Customer: RMP Energy Ltd.Location: Ante Creek Alberta
NGC Compression Solutions | 10th Anniversary | 2
will continue to be a bit tough and challenging into 2015. Or until some LNG plants get built, maybe by 2017.”
Despite being a seasoned industry professional and a gung-ho optimist, Guiltner is cautious when wondering what the world price of natural gas may be, by the time Canada actually starts exporting LNG.
This is a special NGC year. It is the company’s 10th anniversary as a respected and
leading provider of natural gas compression solutions to producers in Western Canada.
“Our business is built on three primary segments: recon-figuration of existing compression equipment, using our proprietary OptiFit technology, custom fabrication and field service of gas compression equipment.
“We have an energetic and highly skilled engineering design staff, dedicated to servicing customers and provid-ing efficient design work – using Creo Parametric, a 3D design tool, for all new compression packages and recon-figuration projects, ensuring that little is left to chance regarding form, fit and function – whether it’s for a field retrofit or new compressor package being built in our Cal-gary facility.”
Guiltner is rightfully proud of NGC’s determination and resilience, building customer relationships while weathering the various industry storms and broadsides while managing to maintain positive NGC momentum and growth.
In addition to the 22,000 square feet of NGC manufactur-ing facilities and the head office in Calgary, the dynamic company also has service and parts distribution branches (as Guiltner says, “near the action”) in Drumheller, Stettler, (as Guiltner says, “near the action”) in Drumheller, Stettler, Grande Prairie and Fort St. John.
With a loyal and growing client base and exceptional field services, the development of cutting-edge technol-ogy and virtually customized design and fabrication, NGC is solidly established as an industry leader in compression reconfiguration – the optimization of existing reciprocating compressor units.
And again, innovation and flexibility are proving to be key NGC factors.
As Shane Guiltner repeats and underscores, “It’s all about the needs and requirements of the customer!
“NGC will restage, re-cylinder, refurbish and repackage all existing types of natural gas reciprocating compressor
packages and handle almost any size of retrofit, in the field or at one of our locations.
“About eight years ago, as we were determined to survive and become more and more efficient, we analyzed our entire work-flow and came up with 15 per cent savings in labour,” he explains.
chrispage.ca1.877.451.7243
As a Chevron 1st Source Elite marketer we are proud to be NGC’s supplier of quality Chevron lubricants. We congratulate NGC on achieving 10 years in business. All Chevron trademarks are property owned by Chevron Intellectual Property LLC or their respective owners.
discovery-solutions.com
Congratulations to NGC Compression Solutions on 10 great years of service!
discovery-solutions.com
L- R: Shayne Ouellette, Shane Guiltner, Alan Halbert.
NGC Compression Solutions | 10th Anniversary | 3
www.ngc-ltd.com403.274.6106
300 South Railway Avenue East, Drumheller, AB 403.823.3635 | www.allieddrum.ca
Congratulations to NGC Compression on their 10th Anniversary!
Wishing you many more decades in the industry!
Wishing NGC Compression Solutions congratulations as they celebrate their 10th Anniversary!
~ From all of us at Above & Beyond Compression Inc.
www.abcomp.ca
NGC Compression Solutions | 10th Anniversary | 2
chrispage.ca1.877.451.7243
As a Chevron 1st Source Elite marketer we are proud to be NGC’s supplier of quality Chevron lubricants. We congratulate NGC on achieving 10 years in business. All Chevron trademarks are property owned by Chevron Intellectual Property LLC or their respective owners.
discovery-solutions.com
Congratulations to NGC Compression Solutions on 10 great years of service!
NGC Compression Solutions | 10th Anniversary | 3
“We called it value-added production and it was vital to concentrate on the value of our efforts. Some call it ‘lean manufacturing’ and in Calgary it is a seven-stage assembly line with sub-assembly stations supporting the main line.”
One block away from the company’s Calgary head office and main fabricating plant is the 10,000-square-foot, ASME-certified, U-stamp pressure fabrication facility where the company’s experienced and skilled trades manufacture all the specialized NGC pressure equipment like scrubbers, pulsation bottles, separators and process piping spools.
Since service continues the key NGC customer focus, Guiltner points out that by applying value-added production techniques, the company constantly creates improvements such as lead times and unit option flexibility to better serve NGC customers.
He is genuinely enthused about NGC’s continued push for the latest in industry technology, like new gas compression equipment manufacturing (specializing in sub 2,000 horse-power natural gas compression) and NGC’s dedicated field maintenance and constructions crews who do the OptiFit reconfiguration and also service all makes of engines and compressors anywhere in Western Canada.
“It’s our competitive edge,” he says with genuine pride.
“Our superb staff works very hard to create and achieve the desired customer experience and earn customer loyalty. We are in a fiercely competitive service industry and our pri-mary goal is to reduce downtime and cost, so the customer’s operation is as effective as possible.
“Monitoring and maximizing the customer relationship is unconditionally our top priority.” •
www.ngc-ltd.com403.274.6106
300 South Railway Avenue East, Drumheller, AB 403.823.3635 | www.allieddrum.ca
Congratulations to NGC Compression on their 10th Anniversary!
Wishing you many more decades in the industry!
Wishing NGC Compression Solutions congratulations as they celebrate their 10th Anniversary!
~ From all of us at Above & Beyond Compression Inc.
www.abcomp.ca
Leading Business
FEBRUARY 2014
Calgary is best known as the oil and gas capital of Canada, but that characterization brushes over a fas-cinating clean energy story. Alberta is home to some
of the most innovative clean energy companies in Canada, and at last count, generated almost 2,500 megawatts of electricity from renewable sources like hydro, wind and biomass. That doesn’t include the 3,000 additional mega-watts of clean energy proposed to be built in the coming years.
Wind in particular is a growing area of potential for Alberta. Over the last two decades, Alberta’s wind energy industry has grown to rank third, behind Ontario and Que-bec, in total wind generation capacity. And although wind generation still only represents approximately 3.5 per cent of the electricity generated in Alberta, it is poised to play an important role in providing the province a cleaner energy mix in the years to come. With improved technologies and more efficient practices, the cost of wind energy projects is declining quickly, soon to reach parity with more tradi-tional sources of energy, making the economic argument in favour of wind all the more compelling.
Wind energy is also a boon to Alberta’s economy. In southern Alberta alone, wind energy accounts for more than 6,700 direct and indirect jobs over the construction and operation stages of various projects, and generates more than $27 million in municipal tax revenue.
Much work remains to take full advantage of wind energy’s potential in the Alberta marketplace. Sound government poli-cies such as renewable portfolio standards – which mandate that a certain portion of an electric utility’s fuel be sourced from renewables – have had much success in hastening the adoption of renewable energy. Improved awareness and understanding among Albertans will also help expedite the transition. But progress of late is certainly helping to dispel our reputation as nothing but an oil province.
Connecting to solve business challenges
Clean Energy on the Rise in Alberta
In southern Alberta alone, wind energy accounts for
more than 6,700 direct and indirect jobs… and generates
more than $27 million in municipal tax revenue.
businessincalgary.com | BUSINESS IN CALGARY February 2014 • 85
Leading Business
FEBRUARY 2014
Calgary is best known as the oil and gas capital of Canada, but that characterization brushes over a fas-cinating clean energy story. Alberta is home to some
of the most innovative clean energy companies in Canada, and at last count, generated almost 2,500 megawatts of electricity from renewable sources like hydro, wind and biomass. That doesn’t include the 3,000 additional mega-watts of clean energy proposed to be built in the coming years.
Wind in particular is a growing area of potential for Alberta. Over the last two decades, Alberta’s wind energy industry has grown to rank third, behind Ontario and Que-bec, in total wind generation capacity. And although wind generation still only represents approximately 3.5 per cent of the electricity generated in Alberta, it is poised to play an important role in providing the province a cleaner energy mix in the years to come. With improved technologies and more efficient practices, the cost of wind energy projects is declining quickly, soon to reach parity with more tradi-tional sources of energy, making the economic argument in favour of wind all the more compelling.
Wind energy is also a boon to Alberta’s economy. In southern Alberta alone, wind energy accounts for more than 6,700 direct and indirect jobs over the construction and operation stages of various projects, and generates more than $27 million in municipal tax revenue.
Much work remains to take full advantage of wind energy’s potential in the Alberta marketplace. Sound government poli-cies such as renewable portfolio standards – which mandate that a certain portion of an electric utility’s fuel be sourced from renewables – have had much success in hastening the adoption of renewable energy. Improved awareness and understanding among Albertans will also help expedite the transition. But progress of late is certainly helping to dispel our reputation as nothing but an oil province.
Connecting to solve business challenges
Clean Energy on the Rise in Alberta
In southern Alberta alone, wind energy accounts for
more than 6,700 direct and indirect jobs… and generates
more than $27 million in municipal tax revenue.
86 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
2014 Board ofDirectors
Executive
Chair: Leah Lawrence, President, Clean Energy Capitalists Inc.
Immediate Past Chair: Joe Lougheed, Partner, Dentons Canada LLP
Chair Elect: Rob Hawley, Partner, PricewaterhouseCoopers LLP
Second Vice Chair: Denis Painchaud, Director, International Government Relations, Nexen Inc.
Vice Chair, Finance: Bill Brunton, President, Stratus Marketing Inc.
CEO: Adam Legge, President and CEO, Calgary Chamber
Directors
David Allen, President, Calgary Land, Brookfield Residential Properties Inc.
Carlos Alvarez, Audit Partner, KPMG
Lorenzo DeCicco, Vice-President, TELUS Business Solutions
Rob Hawley, Partner, PricewaterhouseCoopers LLP
Wellington Holbrook, Executive Vice-President, ATB Financial
Guy Huntingford, Chief Executive Officer, Urban Development Institute
Bruce Okabe, Chief Executive Officer, Travel Alberta
Phil Roberts, Vice-President, Axia NetMedia Corp
Linda Shea, Senior Vice-President, AltaLink
Mike Williams, Executive Vice-President, Tervita Corporation
Management
Adam Legge – President and CEO
Michael Andriescu – Director of Finance and Administration
Kim Koss – Vice President, Business Development
Scott Crockatt – Director of Marketing and Communications
Rebecca Wood – Director of Member Services
Justin Smith – Director of Policy, Research and Government Relations
Leading Business magazine is a co-publication of the Calgary Chamber and Business in Calgary
Calgary Chamber 600, 237 8th Avenue S.E. Calgary, Alberta T2G 5C3
Phone: (403) 750-0400 Fax: (403) 266-3413
calgarychamber.com
BMO Bank of MontrealBMO Bank of Montreal currently serves more than 12 million personal, commercial,
corporate and institutional customers in North America and internationally. BMO pro-vides expert advice, highly personalized service and a coordinated team of professionals dedicated to finding customized banking solutions for any business segment, ranging from large corporations to a small business starting out. Banking with BMO means more value and more banking options that make the most sense for businesses.
For more information visit BMO.com.
Long View SystemsFor the past 14 years, Long View Systems has been helping improve operational pro-
cesses for small and medium companies through the support of innovative, flexible and cost-effective IT solutions and services. Long View Systems serves clients from a broad range of industries and provides them with top IT professionals with expertise in key technology areas such as virtualization, storage, managed IT/outsourcing, networking, collaboration, cloud, user support and data centre. Long View Systems is committed to being the best and continues to receive awards in technical expertise and customer ser-vice excellence from many of the top manufacturers in the industry.
For more information visit LongViewSystems.com.
The Banff Centre Located in the incredible setting of the Canadian Rocky Mountains, The Banff Centre
is the largest arts and creativity incubator on the planet, and offers nearly 100 programs in the performing, visual, media and literary arts. Over 4,000 artists at all stages of their career from across Canada and around the world, attend professional and creative devel-opment programs each year. In a setting ideal for inspiring creativity, all programs at The Banff Centre take on a dynamic and innovative approach to learning.
For more information visit BanffCentre.ca.
The Calgary Chamber is proud to represent many Calgary businesses large and small; this month we are highlighting some of our industry leading members.
Chamber Member Spotlights Some things...Some things...
...you just shouldn’t buy used
...you should
Save thousands when you buy or lease a certified USED vehiclefrom DRIVING FORCE. Certified used vehicles are backed by our 3 mth, 5,000 km limited warranty.
Toll Free 1•800•936•9353 | www.drivingforce.ca | 19 locations in Canada
2332–23 Street NE, Calgary403 • 296 • 07703660–50 Avenue SE, Calgary403 • 296 • 0776
2332–23 Street NE, Calgary403 • 296 • 07703660–50 Avenue SE, Calgary403 • 296 • 0776
2332–23 Street NE, Calgary403 • 296 • 07703660–50 Avenue SE, Calgary403 • 296 • 0776
Some things...Some things...
...you just shouldn’t buy used
...you should
Save thousands when you buy or lease a certified USED vehiclefrom DRIVING FORCE. Certified used vehicles are backed by our 3 mth, 5,000 km limited warranty.
Toll Free 1•800•936•9353 | www.drivingforce.ca | 19 locations in Canada
2332–23 Street NE, Calgary403 • 296 • 07703660–50 Avenue SE, Calgary403 • 296 • 0776
2332–23 Street NE, Calgary403 • 296 • 07703660–50 Avenue SE, Calgary403 • 296 • 0776
2332–23 Street NE, Calgary403 • 296 • 07703660–50 Avenue SE, Calgary403 • 296 • 0776
2014 Board ofDirectors
Executive
Chair: Leah Lawrence, President, Clean Energy Capitalists Inc.
Immediate Past Chair: Joe Lougheed, Partner, Dentons Canada LLP
Chair Elect: Rob Hawley, Partner, PricewaterhouseCoopers LLP
Second Vice Chair: Denis Painchaud, Director, International Government Relations, Nexen Inc.
Vice Chair, Finance: Bill Brunton, President, Stratus Marketing Inc.
CEO: Adam Legge, President and CEO, Calgary Chamber
Directors
David Allen, President, Calgary Land, Brookfield Residential Properties Inc.
Carlos Alvarez, Audit Partner, KPMG
Lorenzo DeCicco, Vice-President, TELUS Business Solutions
Rob Hawley, Partner, PricewaterhouseCoopers LLP
Wellington Holbrook, Executive Vice-President, ATB Financial
Guy Huntingford, Chief Executive Officer, Urban Development Institute
Bruce Okabe, Chief Executive Officer, Travel Alberta
Phil Roberts, Vice-President, Axia NetMedia Corp
Linda Shea, Senior Vice-President, AltaLink
Mike Williams, Executive Vice-President, Tervita Corporation
Management
Adam Legge – President and CEO
Michael Andriescu – Director of Finance and Administration
Kim Koss – Vice President, Business Development
Scott Crockatt – Director of Marketing and Communications
Rebecca Wood – Director of Member Services
Justin Smith – Director of Policy, Research and Government Relations
Leading Business magazine is a co-publication of the Calgary Chamber and Business in Calgary
Calgary Chamber 600, 237 8th Avenue S.E. Calgary, Alberta T2G 5C3
Phone: (403) 750-0400 Fax: (403) 266-3413
calgarychamber.com
BMO Bank of MontrealBMO Bank of Montreal currently serves more than 12 million personal, commercial,
corporate and institutional customers in North America and internationally. BMO pro-vides expert advice, highly personalized service and a coordinated team of professionals dedicated to finding customized banking solutions for any business segment, ranging from large corporations to a small business starting out. Banking with BMO means more value and more banking options that make the most sense for businesses.
For more information visit BMO.com.
Long View SystemsFor the past 14 years, Long View Systems has been helping improve operational pro-
cesses for small and medium companies through the support of innovative, flexible and cost-effective IT solutions and services. Long View Systems serves clients from a broad range of industries and provides them with top IT professionals with expertise in key technology areas such as virtualization, storage, managed IT/outsourcing, networking, collaboration, cloud, user support and data centre. Long View Systems is committed to being the best and continues to receive awards in technical expertise and customer ser-vice excellence from many of the top manufacturers in the industry.
For more information visit LongViewSystems.com.
The Banff Centre Located in the incredible setting of the Canadian Rocky Mountains, The Banff Centre
is the largest arts and creativity incubator on the planet, and offers nearly 100 programs in the performing, visual, media and literary arts. Over 4,000 artists at all stages of their career from across Canada and around the world, attend professional and creative devel-opment programs each year. In a setting ideal for inspiring creativity, all programs at The Banff Centre take on a dynamic and innovative approach to learning.
For more information visit BanffCentre.ca.
The Calgary Chamber is proud to represent many Calgary businesses large and small; this month we are highlighting some of our industry leading members.
Chamber Member Spotlights Some things...Some things...
...you just shouldn’t buy used
...you should
Save thousands when you buy or lease a certified USED vehiclefrom DRIVING FORCE. Certified used vehicles are backed by our 3 mth, 5,000 km limited warranty.
Toll Free 1•800•936•9353 | www.drivingforce.ca | 19 locations in Canada
2332–23 Street NE, Calgary403 • 296 • 07703660–50 Avenue SE, Calgary403 • 296 • 0776
2332–23 Street NE, Calgary403 • 296 • 07703660–50 Avenue SE, Calgary403 • 296 • 0776
2332–23 Street NE, Calgary403 • 296 • 07703660–50 Avenue SE, Calgary403 • 296 • 0776
Some things...Some things...
...you just shouldn’t buy used
...you should
Save thousands when you buy or lease a certified USED vehiclefrom DRIVING FORCE. Certified used vehicles are backed by our 3 mth, 5,000 km limited warranty.
Toll Free 1•800•936•9353 | www.drivingforce.ca | 19 locations in Canada
2332–23 Street NE, Calgary403 • 296 • 07703660–50 Avenue SE, Calgary403 • 296 • 0776
2332–23 Street NE, Calgary403 • 296 • 07703660–50 Avenue SE, Calgary403 • 296 • 0776
2332–23 Street NE, Calgary403 • 296 • 07703660–50 Avenue SE, Calgary403 • 296 • 0776
88 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
The CenTre of Calgary and a CenTre for all
Geographically located at the centre of Calgary, the Calgary TELUS Convention Centre (CTCC) is the place to host a broad range of events. Calgarians know the CTCC as a centre of activity for business and community functions. Visitors to our city know the Convention Centre as a destination for national and international conferences. For almost forty years, the Centre has been the destination where organizers know they will have access to world-class facilities and the hospitality professionals who uphold Calgary’s friendly and welcoming reputation.
Today, the CTCC hosts on average 700 events per year from small meetings to large international conventions. From hosting the World Petroleum Congress in 2000 to welcoming the Calgary Art Market for 27 years running, the centre welcomes people from all walks of life. The Centre is a location for meetings of all sizes, tradeshows, boxing matches, consumer shows, banquets, reunions, graduations, and community gatherings. The majority of Calgarians of all ages can count attendance at a Convention Centre function among their life experiences and consider the Centre an important factor in enhancing our city’s prosperity and vibrancy.
The CTCC has the highest revenue per square foot and the highest utilization rate in comparison with similar Canadian facilities. A place of constant activity and energy, the Centre’s loading dock receives over 80,000 shipments per year; guests consume over 11,000 pounds of coffee beans and 42,000 pounds of beef tenderloin annually.
Each year graduates from Calgary and area high schools celebrate their banquets at the same centre that has welcomed world-famous dignitaries and celebrities. Visitors to the Centre include the Dalai Lama, Prince Charles, Bill Clinton, Dr. Phil, Alice Cooper, Richard Branson, Rudy Giuliani, and Canadian artists such as Celine Dion, Tom Cochrane, and Colin James. When the world comes to Calgary, the centre of activity is likely in the centre of the city at the CTCC.
Looking towards its future, the team at the Convention Centre recognizes the need for the Centre’s growth to accommodate the need for bigger events to meet the needs of an increasingly trans-national business community. In the hopes of attracting the events that will enable the CTCC to retain its standing as a world-class meeting and convention destination, the centre must look at options to offer bigger facilities and more amenities to event planners and organizers.
calgary-convention.comexpandthecentre.ca
Upcoming Events
Friday, February 7, 2014Chinese New Year Gala5:30pm - 9:30pm | Silver Dragon Restaurant | 106 3rd Avenue SE
The Calgary Chamber has partnered with the Calgary Chinese Merchants Association in hosting this year’s Chinese New Year Gala. Join us in celebrating the Year of the Horse with a 10-course traditional dinner, cultural entertainment and door prizes. The event aims to bring the Calgary business communities together to celebrate and learn about each other’s business practices.
Tuesday, February 18, 2014Hunter Harrison: Top Turnaround CEO of the Year11:30am - 1:30pm | Calgary TELUS Convention Centre | 120 9th Avenue SE
Hunter Harrison was recently identified as the “Top Turnaround CEO of the Year” by Canadian Business Magazine for his remarkable leadership in getting Canadian Pacific Railway back on track. Hosted by the Calgary Chamber, Mr. Harrison will discuss how one of Canada’s founding industries is more essential than ever to the modern-day business world, and the logistics behind using rail to get Alberta’s oil products to market.
Thursday, February 27, 2014Business After Hours at the Bow Valley Club5:00pm - 7:00pm | Bow Valley Club | #370, 250 6 Avenue SW
Business After Hours is one of the best networking opportunities in the city. This is the perfect opportunity to discover a new business while making meaningful business connections in a laid-back environment. Join us for an inside look at the Bow Valley Club, with the chance to win a free month membership to their health club facilities.
Thursday, March 6, 2014Diversity Training8:00am - 3:30pm | Calgary Chamber | #600, 237 8 Avenue SE
The Chamber will be hosting an all-day diversity training session hosted by one of Canada’s most experienced di-versity trainers, Dr. Neil McDonald of Cross Cultural Consulting Inc. The session will focus on topics such as the new realities of diversity in Canada, accommodating different cultures, harassment in the workplace and communicating across cultures. Participants will benefit from gaining the knowledge found in an entire conference during a one-day workshop, and will walk away with tangible and actionable best practices to working with diverse cultural groups.
For details and to purchase tickets for any of the Calgary Chamber’s events please visit CalgaryChamber.com.
The CenTre of Calgary and a CenTre for all
Geographically located at the centre of Calgary, the Calgary TELUS Convention Centre (CTCC) is the place to host a broad range of events. Calgarians know the CTCC as a centre of activity for business and community functions. Visitors to our city know the Convention Centre as a destination for national and international conferences. For almost forty years, the Centre has been the destination where organizers know they will have access to world-class facilities and the hospitality professionals who uphold Calgary’s friendly and welcoming reputation.
Today, the CTCC hosts on average 700 events per year from small meetings to large international conventions. From hosting the World Petroleum Congress in 2000 to welcoming the Calgary Art Market for 27 years running, the centre welcomes people from all walks of life. The Centre is a location for meetings of all sizes, tradeshows, boxing matches, consumer shows, banquets, reunions, graduations, and community gatherings. The majority of Calgarians of all ages can count attendance at a Convention Centre function among their life experiences and consider the Centre an important factor in enhancing our city’s prosperity and vibrancy.
The CTCC has the highest revenue per square foot and the highest utilization rate in comparison with similar Canadian facilities. A place of constant activity and energy, the Centre’s loading dock receives over 80,000 shipments per year; guests consume over 11,000 pounds of coffee beans and 42,000 pounds of beef tenderloin annually.
Each year graduates from Calgary and area high schools celebrate their banquets at the same centre that has welcomed world-famous dignitaries and celebrities. Visitors to the Centre include the Dalai Lama, Prince Charles, Bill Clinton, Dr. Phil, Alice Cooper, Richard Branson, Rudy Giuliani, and Canadian artists such as Celine Dion, Tom Cochrane, and Colin James. When the world comes to Calgary, the centre of activity is likely in the centre of the city at the CTCC.
Looking towards its future, the team at the Convention Centre recognizes the need for the Centre’s growth to accommodate the need for bigger events to meet the needs of an increasingly trans-national business community. In the hopes of attracting the events that will enable the CTCC to retain its standing as a world-class meeting and convention destination, the centre must look at options to offer bigger facilities and more amenities to event planners and organizers.
calgary-convention.comexpandthecentre.ca
businessincalgary.com | BUSINESS IN CALGARY February 2014 • 89
90 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
In December, Calgary Economic Development, the Calgary Foundation and the Calgary Telus Convention Centre launched the Soul of the City Neighbour Grants. What are
these you ask? Since 1999, the Calgary Foundation’s Neighbour Grants
Program has helped hundreds of community groups build community spaces, depict neighbourhood history, discuss community matters, celebrate diversity and belonging, and run many other kinds of projects to strengthen the fabric of neighbourhood and community life.
In September 2012, Calgary Economic Development, with the support of the Calgary Telus Convention Centre, launched the Soul of the City speaker series. The series has engaged hundreds of Calgarians in conversations about further developing Calgary’s ‘soul,’ covering topics such as sustainable cities, urban planning and design, public art and architecture, creativity, local food and spin farming, festi-vals and street culture, and the shared value business model.
The Soul of the City Neighbour Grants brings these com-munity organizations together to present fi ve (5) $5,000 grants to Calgarians to bring their Soul of the City ideas to life and lead a community project of their own.
The program hopes to attract dozens of Calgarians who have a desire to build a community garden or playground, host a street festival or paint a neighbourhood mural. These ideas are just examples as the search begins for creative and compelling ideas that will inspire people to get involved in their community. The fi ve grant winning projects will be selected by a live audience at a Soul of the City event in April. The really cool part? The fi ve projects will be followed by a fi lm crew over the summer months to document their project journeys and the fi nal video will be released at a community celebration event in November 2014.
Want to learn more? For information about the applica-tion process, see: thecalgaryfoundation.org. Applications are being accepted until March 31, 2014, 4 p.m. MST.
Alberta organizations come together to create $1.35 million #YYCisOpen campaign
For most Calgarians, this past June seems so far away. Unless, of course, your home or business was dramatically impacted by fl ooding. Although most businesses have now reopened, the next six months will really tell the tale of the fl ood’s impact on many of the affected businesses in Calgary
and southern Alberta. Although most business have a sense of how lost time, perished inventory, damages and repairs have impacted their bottom lines, returning customers and changes in customer behaviour will all play a part in deter-mining the continued success of these businesses.
The Calgary Flood Recovery Task Force, co-chaired by Calgary Economic Development and the Calgary Chamber, focused on a few key areas: getting businesses back up and running followed by the launch of the YYCisOpen campaign. The campaign objective was to encourage citizens to get back to these fl ood-affected areas to support the businesses – regardless of whether they were family run, independently owned or part of a chain.
The YYCisOpen campaign commenced in July with ATB Financial, the Calgary Hotel Association and the Govern-ment of Alberta coming to the table with funding. Soon thereafter media partners throughout Calgary and south-ern Alberta provided in-kind donations and discounts on advertising space. In December, the Calgary Foundation and Calgary Transit got involved allowing the campaign to con-tinue throughout the holiday season.
Over the course of six months, $425,000 cash was con-tributed from these generous partners, while at the same time local media outlets and suppliers contributed over $950,000 in products and services, resulting in an advertis-ing and marketing campaign valued at over $1.35 million.
The campaign generated nearly 70 stories in the media and saw over 7.5 million impressions on social media. But the most exciting part is that through independent surveys at different points during the campaign, nearly 79 per cent of people who saw the campaign had already supported or planned to go out and support a business that was affected by the fl oods.
The YYCisOpen campaign would not have been possible without so many organizations coming together to ensure Calgary’s and southern Alberta’s most unique business dis-tricts remain vital part of our communities. And Albertans responded. Many of them choosing to direct a portion of their spending in these areas and others simply exploring or rediscovering their favourite café, shop or gallery.
Although the six-month-long campaign has offi cially wrapped up, the need for further support for many of these businesses is still there and it is hoped Albertans will con-tinue to show their support by getting out to eat, drink or shop in these areas.
Soul of the City (#soulofyyc)Neighbour Grants Bring a New Element to Community Engagement
businessincalgary.com | BUSINESS IN CALGARY February 2014 • 91
Calgarians typically think theirs is a great city to live in, but to visit? We’re just a gateway to the moun-tains and Stampede city. Right? Wrong, wrong, very
wrong. Calgarians should take a look at what people around the world are saying about our city, take some measure of pride and start inviting their friends and family to enjoy our diversity of unique experiences. The good news is that the tourism growth we’re currently enjoying fuels product and infrastructure development, which then spurs more visita-tion in a positive cycle.
Here are 10 reasons to be optimistic about Calgary’s tourism prospects in 2014.
1. There’s great buzz about Calgary across the country, the border and the pond
U.K.’s the Guardian recently selected Alberta, with Calgary as the city anchor, as the ninth best place to visit in the world in 2014. We’ve had some excellent coverage in major American daily newspapers like the Chicago Tribune and the Seattle Times in the last few months. And one of Canada’s leading online travel websites rated Calgary as the 11th best place to visit in Canada this year.
2. Calgary is leading the nationThe Conference Board of Canada predicts that Calgary
will lead the nation’s major cities for growth in overnight visits (4 per cent) and visitor spending (6.8 per cent).
3. Three big anniversaries to celebrate Heritage Park Historical Village’s 50th anniversary, the
Scotiabank Calgary Marathon’s 50th anniversary and the Fairmont Palliser’s centennial.
4. Second year for major clustered events in August and September
PGA Shaw Charity Classic, Opera in the Village, Masters at Spruce Meadows, Tour of Alberta (still to be confi rmed) and Beakerhead. These fi ve events are travel motivators, brand builders and show our unique diversity of tourism experiences.
5. Big event yearIn 2014, Calgary will host 10 national championship
events from broomball to rugby, 10 World Cup or major international sporting events and Cavalia’s larger-than-life equestrian theatrical production returns April 30.
6. Afterglow from the DERTOUR Academy visit in 2013
Calgary and Banff hosted more than 600 top travel agents, key tourism partners and journalists from Germany, Austria and neighbouring countries in December. Following the Academy, destinations have shown increases of at least 20 per cent in traffi c from Germany. For Alberta, this means potential for an incremental 15,800 person-visits and $16 million in tourism expenditures.
7. Signifi cant new product and infrastructure development
a. Komodo dragons, rhinos, mandrills (the world’s largest monkeys) and more will be coming to the Calgary Zoo.
b. We’ve estimated that an additional 2,400 rooms could be added through proposed hotel projects in the next three years, which would be a 20 per cent increase in Calgary’s room supply.
c. The Calgary Stampede continues to evolve and stay fresh with three signifi cant development projects including the new Agrium Western Event Centre, Riv-erfront Park development and Youth Campus.
d. The new runway will be complete at the Calgary Inter-national Airport.
8. Growing recognition as a cosmopolitan centre
As U.K.’s the Guardian notes, “For city life try Calgary, which has gone from cowboy town to cosmopolitan cool.” Perceptions of Calgary have grown because of recognition for remarkable culinary, culture and festival scenes and our impressive architectural and public art icons.
9. Working with our neighboursNew and growing partnerships with our surrounding com-
munities with an emphasis on developing programs with Banff Lake Louise Tourism and Tourism Canmore Kanan-askis.
10. Olympic feverEvery Olympic year draws attention to past Olympic cities
and Calgary gets great exposure because our visitors can visit our legacy facilities and experience the thrill of the bobsleigh, skate on the world’s fastest ice and see Olympic athletes train and compete regularly.
Ten Reasons to be Excited About Tourism in Calgary in 2014BY STEWART MCDONOUGH
92 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
TechRev Innovators, a celebration event that shines the spotlight on innovation, returns for its fi fth awards night on February 11, 2014.
Annually, TechRev and its partners recognize local tech-nology innovators with standout accomplishments that represent some of the most forward-looking and promising tech ventures underway in Calgary and southern Alberta. An initiative of Innovate Calgary, TechRev is dedicated to recognizing achievements in the advanced tech sector by profi ling local entrepreneurs to promote opportunities for investment and collaboration.
“We launched TechRev Innovators in 2009 to build aware-ness and shine the spotlight on local technology companies, their innovations, their successes and the people behind them,” says Pamela Boytinck, executive director, TechRev. “To date we’ve awarded TechRev Innovators awards to 40 technology companies from throughout the Calgary area, spanning across various sub-sectors of advanced technol-ogy from medical technology to energy, to software to digital media and more.”
Companies considered for TechRev Innovators awards can range from early-stage pre-commercial to well-established leaders in their fi eld. Nominees come from every sub-sector of advanced technology and refl ect every stage in a com-pany’s life cycle from pre-revenue to growth to leadership.
Nominees are evaluated by an independent selection com-mittee of industry experts on criteria that includes fi nancial performance, operational growth and market viability. Specifi cally, TechRev Innovators are reaching signifi cant
milestones such as developing innovative technologies, launching new products or entering global markets.
When Calgary-based company Hookfl ash received a TechRev Innovators award in 2012, they had recently launched their fl agship app. Hookfl ash integrates with LinkedIn direc-tories, giving business users access to instant and real-time voice and videoconferencing and instant messaging.
“The benefi ts associated with being recognized as a 2012 TechRev Innovator began simultaneously with the pre-sentation of the awards as we were introduced by SMART Technologies president Tom Hodson and cited by Mayor Nenshi as an example of how technology innovation has the potential to generate change,” says Trent Johnsen, CEO and co-founder of Hookfl ash. “Since then, Hookfl ash has gained considerable media coverage derived through the efforts of TechRev.”
This year a record number of over 600 companies were nominated for TechRev Innovators 2014. Calgary and south-ern Alberta companies from across the broad spectrum of advanced technology were identifi ed as innovators with compelling technologies, applications and stories.
“TechRev aims to achieve greater profi le for local technol-ogy innovators in Calgary and southern Alberta to attract investment and talent, supporting the growth of our local tech sector,” says Boytinck.
The 2014 Innovators will be announced at a celebration event on February 11. The offi cial announcement will be followed by an evening of networking. To join in on the celebration event, or to learn more about TechRev, visit www.techrev.ca.
TechRev InnovatorsShining the spotlight on local technology innovation | BY ANDREA MENDIZABAL
Above photo: TechRev Innovators 2014 returns for a celebration and networking event on February 11, 2014. Photo courtesy: TechRev.
72% OF CALGARIANS FEEL THE CALGARY
TELUS CONVENTION CENTRE WILL BE
TOO SMALL WITHIN A DECADE
WHERE DO WE GROW FROM HERE? WHAT’S NEXT AT THE CENTRE OF ENERGY?–calgary-convention.com
businessincalgary.com | BUSINESS IN CALGARY February 2014 • 93
72% OF CALGARIANS FEEL THE CALGARY
TELUS CONVENTION CENTRE WILL BE
TOO SMALL WITHIN A DECADE
WHERE DO WE GROW FROM HERE? WHAT’S NEXT AT THE CENTRE OF ENERGY?–calgary-convention.com
94 • February 2014 BUSINESS IN CALGARY | businessincalgary.com
MarketingMatters
Brookfi eld Residential had been dealing with a number of advertising, web and commu-
nications agencies but made a decision to pull all of its business under one roof and selected MacLaren McCann West as its agency of record.
MacLaren McCann senior vice presi-dent and general manager Ric Fedyna says that although some of the web work is still being handled by other fi rms, his agency will be responsible for all of its Alberta communities and its recently merged homes division.
In Calgary it is developing in a num-ber of communities including Auburn Bay, Cranston, McKenzie Towne, New Brighton and the exciting 365-acre development of Seton that will house 1,300 multi-family dwellings by a planned 16-acre regional park.
Brookfi eld Residential is also busy in Edmonton and to assist the market-ing there Fedyna has opened an offi ce led by Renee Baranieski, who worked with Brookfi eld at one of the agencies it used in that city.
MacLaren McCann has also been named as one of the fi ve agencies selected to work with Alberta Health Services so an Edmonton offi ce will be a big help to that account too.
Another new account for the Calgary offi ce of the agency is TransCanada Corp. and MacLaren McCann looking after its digital and social media needs.
And it continues to work with SAIT Polytechnic and is already planning for its big 100-year anniversary cel-ebrations in 2016.
• • • • • • • • • • • • • •
Brookfi eld Residential has a new director of marketing and communi-cations.
Gisèle Danis has moved over to Brookfi eld from her position as vice president marketing and communica-tions at Tourism Calgary which she joined in 2010.
Following her stint with the Young Canadians, Danis graduated from the SAIT Polytechnic broadcast journal-ism program and after a career in broadcast served in senior executive positions with Parks Canada and the Canadian Tourism Commission.
• • • • • • • • • • • • • •
Scott Cressman has joined creative video agency V Strategies as director, integrated strategy. He was formerly creative director at the University of Calgary and held similar positions with LP Communications and National Public Relations.
If you watched the Australian Open Tennis you will have enjoyed the opening animation package that was created and produced by Calgary’s Jump Studios.
Now it is busy working with ESPN to provide total packages for its French Open and Wimbledon coverage.
• • • • • • • • • • • • • •
Doesn’t seem that long ago since we were announcing winners of the 2013 Ad Rodeo but here we are past deadline for this year’s entries already. Hope lots of agencies and their clients submitted to the award show that just keeps getting better and is a real show-piece for this city’s best creative work.
The date for the 2014 gala has been set for Friday, April 4, at the Jack Singer Concert Hall.
• • • • • • • • • • • • • •
And while on the subject of awards, Woodruff Sweitzer capped off the year by winning eight Best of CAMA (Canadian Agri-Marketing Association)
awards that included two Best of Show for its Arysta LifeScience campaign.
• • • • • • • • • • • • • •
Scotia Centre and Scotia Tower are among the Calgary properties owned by Quebec City-based Cominar REIT and the retail space is undergoing a classy renovation program.
Tandem Marketing worked with Scotia Centre’s Christmas retail promo-tion and has been hired to undertake a communications program to relaunch the centre, anchored by West Res-taurant and Bar and the much-loved independent fashion retailer – Purr.
Todd Fraser, managing director at Tandem, explains it is also providing the promotional materials for Empire Custom Homes – a newer division of longtime client Kevin Mullen, owner of Empire Kitchen and Bath – that is launching 30 luxury town home units in the Valour Park area of Currie Barracks.
Themed to Currie Barracks’ history and heritage, they have private eleva-tor access from underground garages and great views from rooftop patios. An exciting project.
And Tandem has also started a part-nership with First Capital Realty for marketing assignments for McKenzie Towne Centre.
• • • • • • • • • • • • • •
Kudos to Karo Group for keeping hives of bees on its 10th Avenue SW offi ce roof. Rooftop honey makes good client gifts. BiC
Parker’s Pick:
I appreciate the agencies that go all out to show their creativity in offering “season’s greetings.” Top marks again to Sasges Inc. for its 12 Days of Christmas coasters.
BY DAVID PARKER
MarketingMatters • David Parker
2013 & 2014Consumers Choice Award Winner
Visit opuscorp.ca for more info on current projects and services
403.209.5555 I [email protected]
®
®
OPUS has been chosen again this year for the Consumers Choice Award for General Contractor. Through an independent market research survey, consumers and businesses in our community have selected us as a top ranked organization. This award is considered to be the most distinguished award for business excellence in Canada.
Thank you again to our clients, business associates and the community for considering us as their first choice for commercial real estate projects in Calgary. We are grateful you see the benefits of using a full service developer as your contractor.
Voted by you!(Again)
MarketingMatters
2013 & 2014Consumers Choice Award Winner
Visit opuscorp.ca for more info on current projects and services
403.209.5555 I [email protected]
®
®
OPUS has been chosen again this year for the Consumers Choice Award for General Contractor. Through an independent market research survey, consumers and businesses in our community have selected us as a top ranked organization. This award is considered to be the most distinguished award for business excellence in Canada.
Thank you again to our clients, business associates and the community for considering us as their first choice for commercial real estate projects in Calgary. We are grateful you see the benefits of using a full service developer as your contractor.
Voted by you!(Again)
BowValleyCollegemeansbusiness.We open doors. Our School of Business offers more than a dozen certificate and diploma programs in high-demand business careers. With BVC, choose a pathway that expands your education or kickstarts your career. Study in-class or online, and graduate in two years or less.
bowvalleycollege.ca/business