CALGARY WEATHER

Guard Your Calgary Business: Spotting Theft in Disguise

Calgary’s booming business scene is on a roll, with the city projected to lead Canada in economic growth for 2025. Our tech sector, in particular, is an absolute powerhouse, growing by over 61% between 2021 and 2024 and adding 24,500 jobs, making it North America’s fastest-growing tech talent market for two years running. That’s a lot to celebrate, but with rapid growth comes subtle threats every Calgary business owner needs to spot.

We’re not just talking about shoplifting. Think bigger. We’re talking about "theft in disguise"—things like lost time, valuable stolen ideas, and even poached talent. These aren't just minor inconveniences; they can silently chip away at your company’s hard-earned success and innovation.

With Calgary’s tech talent now making up nearly 8% of our total employment, securing and retaining your best people is more crucial than ever. Our local institutions are working hard, but tech jobs are being created faster than graduates can fill them, creating a talent gap that makes businesses vulnerable to others eyeing your skilled staff.

And those brilliant ideas driving our innovation economy? Protecting your intellectual property (IP) is non-negotiable for staying competitive, attracting investors, and preventing others from copying your hard work. Local initiatives like ElevateIP Alberta are even offering resources and education on IP strategy, with discussions on affordable protection and even a $50,000 subsidy program.

As Calgary continues its vibrant growth trajectory, vigilance isn't just a good idea—it’s essential. Stay sharp, safeguard your assets, and let’s keep our city’s economy thriving.