At Invest Alberta, we don't just attract high-impact investment; we make it possible for big ideas to take shape. Invest Alberta acts with strategic foresight and tailored ingenuity to fuel innovation, foster partnerships, accelerate economic growth, create jobs, and empower communities — across every corner of Alberta.
Download 2024-2025 Annual Report* The number represents both publicly announced and confidentially shared job information.
The Invest Alberta Corporation (Invest Alberta) was created to address the growing need for job-creation and economy-diversification by attracting high-impact, high-value private capital and foreign direct investment (FDI). In a time of heightened global competition for investment, the Government of Alberta developed the Investment and Growth Strategy. This strategy aims to drive Alberta's economy by creating stability, supporting job creation, expanding business opportunities, accelerating innovation, and increasing provincial exports.
Build on Alberta's strengths and competitive advantages to create and win opportunities that make Alberta's economy the most dynamic in North America.
Position Alberta as a premier global investment destination by facilitating connections between the private sector and local investment opportunities to drive economic growth and sustainable development.
Leveraging its international network and deep sector expertise, Invest Alberta collaborates with strategic partners to deliver tailored support to companies, investors, and prospective stakeholders to attract significant investments and foster job-creating economic activity across Alberta.
The Invest Alberta Corporation's Annual Report for the year ended March 31, 2025, was prepared under the Board of Directors' direction, in accordance with the Planning and Reporting Guide and the ministerial guidelines established pursuant to the Alberta Public Agencies Governance Act (APAGA) and the Sustainable Fiscal Planning and Reporting Act. All material economic, environmental, or fiscal implications, of which we are aware, have been considered in preparation of this report.
Big investments. Bold ideas. A province built for growth.
Alberta is where innovation meets opportunity. Global companies are choosing Alberta to launch, expand, and thrive — because here, business moves fast, talent runs deep, and industries are built to last.
This past year, our strategic focus delivered significant results. With billions in new investments across sectors like clean tech, logistics, aviation, and professional services, Alberta continues to attract global leaders looking for a business-friendly environment and a skilled workforce.
Projects like Amazon's $500 million fulfillment centre and Metlen's $1.285 billion renewable energy investment highlight the strength of Alberta's economy. These are catalysts for long-term growth, creating thousands of jobs and positioning Alberta as a leader in key industries.
Our role? Showcasing Alberta. We connect decision-makers, open doors, and turn big ideas into real projects.
Looking ahead, our focus remains clear: supporting high-value investments that align with Alberta's priorities, from emissions reduction to innovation and economic diversification. The future is bright. And we're proud to play a role in Alberta's future.
R. Scott Hutcheson
Invest Alberta works to build a brighter, stronger future for all Albertans.
We do it by:
Alberta offers more than just a place to do business — it offers a launchpad for growth. This momentum is driven by:
At Invest Alberta, collaboration is at the heart of everything we do.
Invest Alberta works shoulder-to-shoulder with the Government of Alberta, regional economic development agencies, and a strong network of collaborators. This includes Edmonton Global, Calgary Economic Development, Alberta Enterprise Corporation, Alberta Innovates, the Alberta Indigenous Opportunities Corporation, and Travel Alberta. Invest Alberta also taps into deep relationships with Alberta's business community to support bold, strategic opportunities that demand unified effort. Together, we're Team Alberta — driving investment and delivering long-term impact across the province.
In Alberta, opportunity doesn't wait — it moves.
In 2024-2025, Invest Alberta's targeted efforts have led to 17 new investments across key sectors, highlighting Alberta's status on the international investment stage.
In 2024-2025, Invest Alberta continued to champion face-to-face activations with key contacts around the globe. This included 54 investor-led visits to the province, as well as direct visits with investors in their home countries.
Invest Alberta's targeted outreach efforts included:
Invest Alberta also expanded our on-the-ground presence in Vancouver and Chicago, and we led Invest Alberta teams on outreach trips to 23 additional North American markets.
Invest Alberta continues to collaborate with regions across the province to identify and enhance investment opportunities that contribute to a resilient, diversified economy. What started as a pilot project with the Battle River Alliance for Economic Development has evolved into the Regional Investment Initiative (RII), a flagship program that drives investment and growth throughout Alberta.
Over the past two years, the RII has:
From Fall 2024 to Spring 2025, Invest Alberta completed a series of focus group discussions to enhance the RII's success, fine-tune the program, and continue to advance the Team Alberta approach. From Grande Prairie and Greenview to St. Paul, Lamont County, and Medicine Hat, these consultations spanned the province, gathering insights to inform program offerings and identify opportunities for ongoing improvement.
Between 2020 and March 2025, Invest Alberta facilitated 69 investment projects, helping generate over $27.1 billion in new capital investment. But those numbers only tell part of the story.
To capture and assess the broader impacts, Invest Alberta engaged an independent firm to conduct a comprehensive economic assessment. The analysis highlights not just the scale of investment activity, but its power to drive long-term economic growth, create jobs, and strengthen fiscal capacity at both provincial and municipal levels.
The long-term benefits of investment attraction are projected to extend far beyond 2025. From 2020 to 2030, the cumulative impact of projects facilitated by Invest Alberta is forecast to deliver:
These investments do more than boost key economic indicators — they create lasting, practical value for businesses, communities, and individuals. By expanding the tax base, supporting essential public services, improving household incomes, and increasing economic opportunities, Invest Alberta's efforts help shape a more resilient, diversified economy that supports long-term prosperity across the province.
In 2024-2025, Invest Alberta made a lasting mark on the global stage. Through strategic investor support and a focus on high-growth markets that align with Alberta's strengths, Invest Alberta — in collaboration with our ecosystem partners — helped advance historic economic development and create thousands of new job opportunities.
Scroll to view all 2024-2025 investments by sector.
Amazon Canada
United States
Calgary
Aviation, Defence and Logistics
$500 million
1,500 jobs
2022
2024
Calgary Economic Development and the Government of Alberta
Lufthansa Technik
Germany
Calgary
Aviation, Defence and Logistics
$120 million
130 jobs
2025
2027
Calgary Economic Development and Invest in Canada
Linde
United Kingdom
Fort Saskatchewan
Energy and Clean Tech
$2.7 billion
810 jobs
2026
2029
Invest in Canada, Alberta Industrial Heartland Association, the Government of Canada, and the Government of Alberta
NewCold
Netherlands
Coaldale
Food and Beverage Supply
$222 million
258 jobs
2025
2027
Town of Coaldale, Government of Alberta
Keurig Dr Pepper Canada
Canada
Balzac
Food and Beverage Supply
$40 million
50 jobs
2024
2025
Rocky View County and Calgary Economic Development
Promise Robotics
Canada
Calgary
Advanced Manufacturing
$6 million
52 jobs
2025
2026
Calgary Economic Development
RETI - Reconciliation Energy Transition Inc. and Sumitomo Corporation
Japan
Calgary
Petrochemicals
$100 million
100 jobs
2026
2028
Deep Sky Lab Facility
Canada
Innisfail
Petrochemicals
$110 million
95 jobs
2025
2026
Professional Services Firm
Professional Services
500 jobs
2026
2026
Balance
Canada
Calgary
Professional Services
$10 million
20 jobs
2024
2025
Calgary Economic Development
Wealthsimple
Canada
Calgary
Professional Services
Calgary Economic Development
$10 million
106 jobs
2022
2022
Metlen Energy & Metals
Greece
Calgary
Renewable Energy
$1.285 billion
1,370 jobs
2024
2025
Calgary Economic Development
Renewable Energy Client
Spain
Southern Alberta
Renewable Energy
$180 million
156 jobs
2023
2025
Edgecom Energy
Canada
Calgary
Tech and Innovation
$2 million
20 jobs
2025
2025
Bitdeer Technologies Group
Singapore
Near Fox Creek
Tech and Innovation
$50 million
300 jobs
2026
2027
Sturgeon County
eStruxture
Canada
Rocky View County
Tech and Innovation
$750 million
250 jobs
2024
2026
Rocky View County, Government of Alberta
Over the past year, Invest Alberta signed 10 Memorandums of Understanding (MOUs), laying the foundation for landmark future investment. These agreements spark business growth, unlock strategic opportunities, and have already led to billions in investment and thousands of jobs — further cementing Alberta's reputation as a hub for high-impact economic partnerships.
In a fiercely competitive global landscape, Invest Alberta remains focused and forward-looking. Invest Alberta continues to elevate Alberta's profile, strengthen relationships, and set the stage for long-term growth and sustainability.
To stay aligned and accountable, Invest Alberta utilizes a balanced scorecard to track performance across four perspectives: Economic Impact, Stakeholders, Internal Operations, and Employees. These pillars, outlined in Invest Alberta's 2024-2027 Business Plan, are more than metrics — they're our roadmap to delivering big, bold impacts and powering the province's growth.
In the past year, Invest Alberta introduced seven new performance metrics to better reflect a balanced and outcomes-driven approach to corporate performance. As these metrics were new, initial targets were based on historical trends and best estimates. However, throughout the year, it became clear that some targets did not accurately reflect operational realities—some were overly ambitious, while others underestimated performance. For example, the target for the percentage of marketing prospects converting to qualified leads was set too high, as actual performance rarely exceeded 4%. Additionally, existing metrics, such as the annual partner satisfaction survey, underwent changes in methodology that created a new baseline for comparison.
Invest Alberta is committed to setting targets that are both challenging and achievable. Based on what we learned this year, we have refined several metrics and updated our targets to better align with actual performance trends and future aspirations. This continuous improvement approach ensures greater accountability and relevance in how we measure success.
Invest Alberta champions Alberta as a top global investment destination. Invest Alberta spotlights what's possible and provides hands-on support every step of the way, helping turn interest into action.
(Swipe to the left on the chart below to view full details.)
| Performance Metric | Target | Actuals | Methodology |
|---|---|---|---|
| Number of jobs created through Invest Alberta's support as reported by clients | 5,500 2024-2025 | 8,372 (152 percent of target) 2024-2025 |
Sum of all Opportunities in the Won-Aftercare and Won-Closed stages for the fiscal year. |
| Number of new investment opportunities supported by Invest Alberta | 50 2024-2025 | 251 (502 percent of target) 2024-2025 |
Sum of all new Opportunities added in the fiscal year (both led and supported by Invest Alberta). |
| Committed investment into Alberta facilitated by Invest Alberta as reported by clients over a three-year period (2024-2027) | $10 billion measured cumulatively from 2024-2027 | $6.285 billion (63 percent of three-year target) 2024-2027 |
Sum of investment value over the next three fiscal years, calculated from all Opportunities that have reached the Won-Aftercare and/or Won-Closed stage. |
Invest Alberta collaborates with international and domestic partners and clients to strengthen relationships, unlock opportunities, and build lasting connections that drive investment and growth.
(Swipe to the left on the chart below to view full details.)
| Performance Metric | Target 2024-2025 | Actuals 2024-2025 | Methodology |
|---|---|---|---|
| Annual partner satisfaction survey | 85 percent | 56 percent (66 percent of target) | The percentage score calculated from all partner responses to Invest Alberta's annual satisfaction survey, administered by a third party to partner organizations. Note: A new collection methodology has been introduced for the 2024-25 Partner Satisfaction Survey. As a result, this year's results establish a new baseline and are not directly comparable to previous years, which used a different methodology. |
| Annual client satisfaction survey | 70 percent | 73 percent (104 percent of target) | The percentage score calculated from all client responses to Invest Alberta's annual satisfaction survey, administered by a third party to clients. |
Invest Alberta positions the province as a premier investment destination, generating a strong pipeline of opportunities across every region of Alberta.
(Swipe to the left on the chart below to view full details.)
| Performance Metric | Target 2024-2025 | Actuals 2024-2025 | Methodology |
|---|---|---|---|
| Investor visits led by Invest Alberta | 75 | 54 (72 percent of target) | Number of investor visits for the fiscal year where Invest Alberta led the opportunity. |
| Investor visits supported by Invest Alberta | 40 | 11 (28 percent of target) | Number of investor visits for the fiscal year where Invest Alberta supported the opportunity with the lead organization. |
| Annual inbound referrals to investment attraction partners | 30 | 122 (407 percent of target) | Number of opportunities and accounts for the fiscal year referred to Invest Alberta by another organization. |
| Annual outbound referrals to investment attraction partners | 100 | 187 (187 percent of target) | Number of opportunities and accounts for the fiscal year referred by Invest Alberta to another organization. |
| Prospects generated by marketing campaigns | 400 | 206 (52 percent of target) | Sum of leads generated through marketing channels in the fiscal year, including those from email marketing campaigns, LinkedIn lead generation, and form submissions on Invest Alberta's website. |
| Percentage of marketing prospects that become leads | 20 percent | 3 percent (15 percent of target) | Total number of accounts converted from marketing prospects divided by the total number of marketing prospects generated through marketing lead sources for the fiscal year. |
| Percentage of qualified leads that progress to the final investment decision stage | 8 percent | 7 percent (88 percent of target) | The total number of opportunities that reach the Won-Aftercare, Won-Closed or Lost stages divided by the total number of opportunities past the Lead stage for the current fiscal year. |
Invest Alberta thrives by attracting top talent, earning employee trust, and fostering a diverse, inclusive work environment. Our forward-thinking culture fuels stronger, smarter outcomes.
(Swipe to the left on the chart below to view full details.)
| Performance Metric | Target 2024-2025 | Actuals 2024-2025 | Methodology |
|---|---|---|---|
| Annual employee satisfaction survey | 75 percent | 82 percent (109 percent of target) | The percentage score calculated from all responses to Invest Alberta's annual employee Net Promoter Score survey, administered by Invest Alberta internally to all employees. |
As at March 31, 2025, IAC had a cash balance of $1.64 million (2024: $1.56 million).
Total liabilities increased to $2.38 million as at March 31, 2025, compared to $2.16 million as at March 31, 2024. The increase was primarily due to an increase in accounts payable and other liabilities which was offset by a decrease in unspent deferred contributions.