Calgary’s downtown undergoes a transformation as the tech industry takes over empty downtown real estate
CALGARY, Alberta, January 12, 2022–(BUSINESS WIRE)–Neo Financial (Neo) announced today that they’re expanding their footprint in Calgary’s downtown, with 113,000 sq ft of office space across The Edison office tower and a converted empty retail floor at the Hudson’s Bay downtown. The expansion of office space comes as their team has more than doubled in the past year, bringing Neo’s Calgary team to over 400 employees. The new spaces will accommodate upwards of 800 people with expansion space up to 2,000 including creating flexible space that supports future collaboration with local tech partners.
As the ongoing digital transformation plays an important part of revitalizing Calgary’s downtown core, Neo is dedicated to creating enticing local employment opportunities and bringing top tech talent from across the country and international markets into downtown Calgary. The new office spaces are centrally located, close to transit, residential communities, restaurants and other amenities that make it the ideal location to build a campus space for Neo’s employees to live and work.
“Calgary’s downtown has a ton of potential, and it has all of the key ingredients that make it an ideal location to build a tech campus – something that’s much needed in Calgary. With a central location, we’ll attract other technology businesses to make the downtown core a true hub for innovation,” says Andrew Chau, Co-founder and CEO of Neo Financial. “We all benefit from growing Calgary’s roster of tech talent and businesses, and our goal is for Neo to be a driver in building that.”
“The expansion of Neo to the downtown core is yet another signal of confidence in Calgary’s growing tech sector,” said Mayor Gondek. “Technological advancements in every industry are driving their success, which means that positioning Calgary for growth in the tech sector is key to sustainable diversification of our economy. Creating desirable spaces for companies like Neo underlines the importance of continuing to invest in our downtown.”
“Neo’s expansion in Calgary’s downtown is great news for Calgary and another sign of the growing opportunities in our tech sector. It is exciting to see Neo gain thousands of new customers and create hundreds of jobs in Alberta. Neo is truly a company to watch in 2022,” said Doug Schweitzer, Minister of Jobs, Economy and Innovation.
The two spaces at the Hudson’s Bay and The Edison will provide an exciting cluster of innovation along the popular Stephen Ave block. Neo’s team will transition into the new spaces throughout Q1 2022, as the former Hudson’s Bay retail floor undergoes renovations to transform the space into a collaborative open work environment.
About Neo Financial:
Neo Financial (Neo) is a technology company working hard to build a better financial experience for all Canadians. Founded in 2019 by co-founders of SkipTheDishes, Neo is re-imagining spending, savings and rewards by using technology to simplify finances, create rewarding experiences, and build community for all Canadians. Neo partners with over 5,000 retail and e-commerce partners across the country to help businesses acquire new customers, drive incremental sales, and sustain customer loyalty.
Through partnerships with leading financial institutions, Neo provides members with a safe and secure way to spend and save. Neo’s credit card is issued by ATB Financial and backed by the Mastercard network, and the Neo Savings account is provided by Concentra Bank, a CDIC member institution, and is eligible for CDIC deposit protection. Neo is headquartered in Calgary and Winnipeg and is backed by top investors across North America.
To learn more, please visit neofinancial.com.
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