Recap: 2012 EEDC Annual Luncheon

Yesterday was EEDC’s Annual Luncheon at the Shaw Conference Centre. Now in its 17th year, the event was just as well attended as it was last year! Hosted by Manfred Kalk, Client Services Manager of the SCC, the event was an opportunity to learn about some recent changes at EEDC, to get an update on Edmonton’s economy, and to recognize three organizations that have made significant achievements in recognition, innovation, and community leadership.

First up was EEDC board chair Henry Yip, who talked about some recent successes in our province and about how Alberta can continue to succeed in the future. He also provided some updates on EEDC itself, thanking outgoing president Ron Gilbertson for all of his hard work over the last few years. Outgoing board members include Laura Schuler, Bob Gomes, and Peter Kiss, not to mention Henry Yip himself. The incoming board chair is Peter Silverstone.

EEDC board member Richard Brommeland was up next to hand out the annual achievement awards. The three winners were:

• Donovan Creative Communications for recognition (those who bring extensive positive awareness and sustained name recognition of Edmonton).
• Quantiam Technologies for innovation (those who have created or changed a product, process or business practice creating the broadest impact).
• Homeward Trust Edmonton for community leadership (those who best engage our community or industry to achieve impactful positive change).

Each had the opportunity to speak for a few minutes after receiving their award, and a video was played for each organization as well. From the press release:

"Shortlisting the submissions was not an easy task," notes Richard Brommeland, EEDC board member and chair of the award selection committee. "The award winners do amazing work, and we are the better for them calling Edmonton home."

I know Donovan’s work fairly well. Among other things, they are responsible for EPL’s Spread the words campaign as well as EIA’s Stop the Calgary Habit. It’s great to see them recognized for bringing greater recognition to Edmonton. Quantiam I was not familiar with, but I learned that they are a nanotechnology company that recently created a joint venture with BSAF, the world’s largest chemical company. Exciting to hear that kind of thing happening here in Edmonton! And finally, Homeward Trust is an organization that is doing such important work in our city, so it’s completely appropriate that they were singled out for community leadership. Susan and her team have set the bar high. Congratulations to all three! You can see their videos here.

The keynote speaker was Ron Gilbertson himself, and he spent his time giving us an update on Edmonton’s economic report card (which you can look at here in PDF).

"Edmonton has a remarkable economic story. In 2011, our economy grew and showed momentum, and we are poised for a bright future," says Gilbertson. "Combine that with our quality of life, we are well on our way to becoming recognized as one of the world’s top mid-sized cities."

Overall, we received an “A-Minus” on our report card. The four main areas we need to work on are Office Vacancy Rates (C+), Inflation Rate (C), Annual Growth of Passenger Traffic at EIA (B), and Unemployment Rate (B+).

As everyone knows, our economy is built on oil and gas. Current and planned investment in the oil sands is around $290 billion, and that number is expected to grow. But we know it can’t last forever, something Ron acknowledged. “Should oil ever lose its lustre, we don’t really have a plan B.”

For the most part though, everyone was pretty upbeat about the local economy and our prospects for the future.

My thanks again to EEDC for hosting me at the luncheon! Be sure to follow @EEDC on Twitter for updates.