Calgary Economic Development – Talent Subsector Study

Client: Calgary Economic Development (CED) Project Scope: Economic Forecasting & Workforce Demand Analysis

Project Overview

Calgary Economic Development (CED) engaged SUMMIT72 to assess future workforce and skills demand across the city’s eight economic development sectors of focus. This study provided a data-driven foundation for workforce strategic planning by combining economic forecasting with labor market analysis. The analysis was designed to help CED and their partners anticipate future talent needs and align workforce development strategies with Calgary’s evolving economy.

Key Methodologies & Insights

• Economic Impact Analysis: Measured sector contributions to GDP using proprietary data and Statistics Canada inputs.

• Monte Carlo Analysis: Modeled sectoral growth trajectories and workforce demand over 20 years.

• Employment Forecasting: Estimated direct, indirect, and induced job creation based on economic trends.

• Scenario & Skills Forecasting: Assessed automation, industry cycles, and future skill requirements.

Deliverables & Strategic Impact

To ensure the analysis was both actionable and scalable, SUMMIT72 developed an Excel-based forecasting tool that allowed for real-time adjustments and scenario analysis. This economic model enabled CED to update projections as economic conditions change.

Key project outcomes included:

• A comprehensive final report summarizing sectoral growth trends, labor market forecasts, and skills demand projections.

• An executive summary presentation to CED leadership, highlighting key takeaways and strategic implications.

• Workforce development insights, ensuring alignment between economic projections and talent strategies.

By integrating economic modeling with workforce analysis, SUMMIT72 delivered a forward-looking assessment that equips CED with the insights needed to develop proactive talent attraction and retention strategies and guide economic development.