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Consider Canada City Alliance intent on capturing EU and Asia-related investment opportunity in 2014 with 12-city joint effort

Published by Frank Defalco on February 06, 2014

The Consider Canada City Alliance wrapped up its Annual General Meeting in Ottawa yesterday and members are very optimistic for the future of what they call “collaborative innovation". Their efforts coincide with Canada sweeping past the U.S., Germany and Japan in a Bloomberg ranking of The Best Countries for Business in 2014. Canada raised four places to reach second place, behind only Hong Kong. 

Chongqing is China’s largest city with a population in excess of 33 million – a difficult number for many Canadians to grasp. Rivaling the population of our entire country, Chongqing’s massive mega-city size underlines why “large” Canadian cities must coordinate and collaborate together – versus attempt to compete with each other ­– to attract investment from around the world.

As a united front, the economic development agencies of these large cities – Toronto, Montréal, Vancouver, Ottawa, Calgary, Edmonton, Québec City, Winnipeg, Waterloo Region, London, Halifax and Saskatoon – are planning investment missions to at least six major cities in 2014. These follow the success of 2013 missions to Europe and China that produced 625 investment meetings with organizations ranging from multi-billion dollar sovereign wealth funds to owner-entrepreneurs who want to set up a division or an entirely new company in one or more Canadian cities.

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