CED’s big win, RocketSpace, explodes before take off
"Once touted as a local win, RocketSpace shuts down before ever establishing a Calgary office" They were planning on renovating a 75,000-square-foot office in the Edison building at 150 Ninth Avenue S.W., to create co-work space for up to 1,000 people hoping to grow their tech startups.
This was part of the Calgary Economic Development’s "intensive recruitment campaign" in Silicon Valley, once touted as a "big deal".
On Calgary Economic Development's website they have since scrubbed a release about RocketSpace, but you can view a cached copy here where they say "one day we will reflect on it as a TSN turning point for our city"
This certainly isn't the turning point anyone in Calgary was hoping for in a city with so many vacant buildings, high unemployment & property tax increases as high as 427%.
With few victories and a big expense to taxpayers, city council needs to have a good look at the Return On Investment taxpayers are getting from Calgary Economic Development. City council also needs to make Calgary a business friendly city once again and stop with the relentless tax increases.
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