Startup Edmonton partnering with Microsoft to help new ventures scale

Collaboration will leverage organizations' shared goal of nurturing and growing the startup ecosystem in Edmonton

Startup Edmonton partnering with Microsoft to help new ventures scaleStartup Edmonton is partnering with Microsoft for Startups Canada, Microsoft's global startup program available in Canada and designed to help startups scale with access to technology, mentorship and business benefits. “Through various joint initiatives, events, and access to tech tools, Startup Edmonton's community of innovators will benefit from Microsoft for Startups expertise and resources. That…

Commercial real estate firm Cresa opens Edmonton office

Cresa is the world’s largest commercial real estate company

Commercial real estate firm Cresa opens Edmonton officeCresa, the world’s largest commercial real estate company that exclusively represents tenants and occupiers of space, has expanded its presence in Canada with a new office in Edmonton. “This is a great move for us. Cresa provides a platform of exclusive tenant representation, integrated services and belief in unwavering advocacy for their clients. By creating…

Marriott opens Edmonton luxury hotel complex beside Rogers Place

Marriott opens Edmonton luxury hotel complex beside Rogers PlaceMarriott's luxury hotel development in downtown Edmonton adjacent to the Rogers Place has thrown open its doors. Named the JW Marriott Edmonton ICE District, the development features 346 tech-integrated guestrooms and approximately 22,000 square feet of meeting and conference space. The company claims the district has Edmonton's largest event ballroom, featuring 9,000 square feet of…

Servus Credit Union net income up 7% in quarter

Assets grew 3% to $16.4 billion; deposits increased by 3.6% to $13 billion

Servus Credit Union net income up 7% in quarterEdmonton-based Servus Credit Union reported net income (after dividends, patronage and taxes) of $22.7 million for the second quarter of its fiscal year, up 7.1 per cent from last year’s second quarter. The credit union’s assets grew three per cent to $16.4 billion; deposits increased by 3.6 per cent to $13 billion; loans expanded by 3.7…

Former Greyhound station transforms to grocery store

New downtown Edmonton store to be part of pedway system that links ICE District developments

Former Greyhound station transforms to grocery storeEdmonton’s downtown transformation got another boost from the ICE District on Monday with the announcement of a major-brand grocery store. A 22,000-square-foot Loblaws’ CityMarket will open in the fall of next year at 103 Avenue and 103 Street, the former Greyhound bus station, now called Block BG. “Announcing Block BG’s anchor tenant is a major…

Wage hikes could shutter more than one-third of Alberta restaurants

Restaurants Canada survey found that 35% of Alberta food-service providers are thinking of closing

Wage hikes could shutter more than one-third of Alberta restaurantsMore than one-third of Alberta restaurants may be forced to close due to the impacts of minimum wage hikes and other cost increases, a survey says. “It’s alarming that more than one in three respondents say they’re thinking of closing up shop,” said Mark von Schellwitz, Restaurants Canada Vice-President, Western Canada. “There’s just no margins…

Next Alberta government urged to remove barriers to business

Both the Edmonton and Calgary Chambers urge all parties to spell out how they will establish trust with the business community

Next Alberta government urged to remove barriers to businessCalgary and Edmonton Chambers are asking that Alberta’s next government remove barriers to drive business growth and act immediately to reduce business costs and regulatory burdens that are limiting economic growth and community prosperity. In a joint news release on Thursday, just days after an election was called for April 16 in the province, the…

Alcanna looks to a future that profits from alcohol and cannabis

Edmonton-based retailer seeks to expand booze sales elsewhere in the country and ultimately expects pot will bring a big payoff

Alcanna looks to a future that profits from alcohol and cannabisA cannabis supply shortage persists for retailers and savvy customers are snapping up what little is available, Alcanna's CEO says. James Burns pointed to the company’s flagship Nova Cannabis store near Whyte Avenue in Edmonton. “We get product delivered once a week on a Thursday and the customers know that’s the day,” Burns said in…

AutoCanada reports new car sales trending down

The company operates dealerships in eight provinces and in Illinois, with more than 4,200 employees overall

AutoCanada reports new car sales trending downNew-car sales are beginning to trend downward, said the Edmonton-based owner of 67 dealerships across Canada and the U.S. AutoCanada Inc. sold 66,073 new and used cars during 2018, and while most of those were new, going forward the company expects to focus more on used-car sales. After several record-setting years of new-car sales, analysts…

K-Bro Linen soaped up $239.5 million in revenue last year

K-Bro primarily serves health care facilities and hotels in Canada, Scotland and Northeast of England and employs about 2,870 people

K-Bro Linen soaped up $239.5 million in revenue last yearThis one has come a long way, baby. What started as an Edmonton diaper service in 1954 has grown to an international laundry service provider that just tidied up annual revenue of $239.5 million. Edmonton-based K-Bro Linen Inc. said its 2018 revenue soaped up a 40 per cent gain compared to the previous year. K-Bro…