TOWN OPEN FOR BUSINESS IN A DIVERSIFIED ECONOMY January 2016

Download a PDF version here: oi-tech-innovation-1212016

 

Print4512 – 46 St, Olds, Alberta Canada T4H 1R5www.oldsinstitute.com

NEWS RELEASE

 

FOR IMMEDIATE RELEASE

Date: January 22, 2016

 

TOWN OPEN FOR BUSINESS IN A DIVERSIFIED ECONOMY

Olds has agriculture in its blood but hi-tech in its vision for the future

(OLDS, Alberta – January 22, 2016) As the current economic downturn driven by low oil prices, causes many towns in Alberta to face uncertainty, Olds has set itself up as a community that is poised to become a hotbed for hi-tech business in the vision many share for a diversified economy in Alberta. It was only a few years ago that a group of volunteer community members set out to take a ride on the information super-highway. Their vision was a plan to bring a high-speed fibre network connection to every home and business in this town which is only an hour north of Calgary. The calendar year of 2015 was the first full year of operation with complete connectivity available to the Giga-bit network through O-NET, which is owned by the Olds Institute for Community & Regional Development. The industrial grade broadband service has been endorsed and supported by the local residents and business with many signing up for the triple play offering which includes TV, VOIP phone and internet. Companies from outside the region have been moving into Olds to take advantage of this community owned broadband service which has been rated as having the fastest internet speeds in Canada.

With an availability of infrastructure including affordable office space for lease, serviced land for development and a fibre network designed for big data, the town is ready to aid entrepreneurs and technology based businesses who are interested in taking advantage of the provincial government’s commitment to support innovative hi-tech businesses. The town has roots in agriculture and is home to Olds College, a leader in progressive education which offers a centre for research and development on campus.

The Olds Institute was formed in 2001 by community leaders who realized they could achieve more together than they could apart. It is governed by a volunteer board of directors representing their four founding members and includes members of the community at large.

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Contact information:

Olds Institute4512 – 46 St, Olds, Alberta Canada T4H 1R5Phone: 403 586-4000Fax: 403 556-6537E-Mail: office@oldsinstitute.comWebsite: www.OldsInstitute.com  Mitch Thomson,Executive Director of Olds InstitutePhone: 403 586-4000E-Mail: mthomson@oldsinstitute.com