Latest news with #CED
Yahoo
4 days ago
- Business
- Yahoo
Doppelmayr To Expand Canadian HQ by 185,000 Square Feet
Late last month, the ski chairlift manufacturer Doppelmayr announced plans to expand its Canadian headquarters in Saint-Jérôme, Québec, over the next 18 months with a new building that includes office, production, and warehousing structure, which covers 185,000 square feet of indoor and outdoor space, will nearly double the size of the preexisting headquarters and is aimed at helping Doppelmayr better serve the North American market, where, according to a press release shared by the company, there is growing demand. 'Our employees do an outstanding job completing all our ropeways on time and to the highest standards," said Gerhard Gassner, the Doppelmayr Group's managing director. "The new building has become essential to continue meeting these expectations."Want to keep up with the best stories and photos in skiing? Subscribe to the new Powder To The People newsletter for weekly updates. 'The current facility has been expanded many times over 45 years, but we are now looking into the future of ropeway business, considering material flow, efficiency, and employee satisfaction,' added Luc Guy, the CEO of Doppelmayr Canada. 'The new facility will be a state-of-the-art manufacturing facility where we will continue to design and produce the highest quality ropeway systems in North America.'The architecture and design of the facility were being finalized as of May 23, when Doppelmayr published the press release. The company anticipated that construction would begin at the end of May, with the goal to have the facility producing ropeways by the last quarter of announcement follows the news of another facility expansion for Doppelmayr. In July 2024, the company shared plans to double the size of its Salt Lake City, Utah, project in Saint-Jérôme was facilitated, in part, by the Canada Economic Development for Quebec Regions (CED), which granted Doppelmayr $3 million in funding for its growing headquarters. 'Businesses are at the heart of community development,' said the Honourable Mélanie Joly, Minister of Industry and Minister responsible for CED. 'We help them invest in equipment and devices that will improve their performance, which is why I am delighted with CED's support for Doppelmayr Canada's project.'A dominant force in the ski resort chairlift marketplace, Doppelmayr's handiwork has featured prominently in several recent and ongoing infrastructure improvements at mountains across the continent. In December 2024, Big Sky Resort, Montana, unveiled the Madison 8, a Doppelmayr product that held the distinction of being the world's longest eight-person chairlift. This summer, Mount St. Louis Moonstone, Ontario, is constructing the Elfriede Huter Xpress, another chairlift from To Expand Canadian HQ by 185,000 Square Feet first appeared on Powder on Jun 3, 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Business Standard
22-05-2025
- Business
- Business Standard
Where rich live in USA: New York tops, but Scottsdale leads wealth boom
The USA Wealth Report 2025 by international advisory firm Henley and Partners offers a comprehensive snapshot of how wealth is distributed—and rapidly growing—across major American cities. New York City remains the undisputed leader, home to the highest number of millionaires globally (384,500), including 818 centi-millionaires and 66 billionaires. Close behind is the Bay Area, with its booming tech sector powering a 98% surge in its millionaire population over the past decade—the fastest among the Top 10 wealth hubs. David K. Young, President at the Committee for Economic Development of The Conference Board (CED), points out in the report that 'despite a wave of policy changes and their subsequent implications around the world, the relative political stability, rule of law, economic prospects, culture of innovation, not to mention the US dollar remaining the global reserve currency, have squarely positioned the USA as an environment in which to do business and to invest.' New York City The Big Apple is the financial center of the USA and the wealthiest city in the world by several measures. The city comprises five boroughs and features some of the world's most exclusive residential streets, including 5th Avenue in Manhattan, where prime apartment prices can exceed USD 27,000 per m2. New York City is also home to the world's two largest stock exchanges by market cap — the NYSE and NASDAQ. Perhaps most notably, the total wealth held by the city's residents exceeds USD 5 trillion — higher than the total wealth held in most major G20 countries. The Bay Area As the world's largest tech hub by some margin, Northern California's Bay Area is the undisputed world leader when it comes to software development, microchips, online retail, internet hosting, social media, search engines, and AI. It encompasses the city of San Francisco and the area known as Silicon Valley, which includes millionaire hotspots such as Atherton, Los Altos Hills, Hillsborough, Mountain View, and Palo Alto. Most of the world's top tech firms are based in the area, including Apple, Nvidia, Alphabet, Meta, Intel, Broadcom, OpenAI, and Netflix. It is also home to a number of world-class schools and universities, namely Berkley and Stanford. Los Angeles Los Angeles is the home base of choice for high-net-worth individuals from America's media, entertainment, sports, and retail sectors. Our figures for this area include wealth held in the city of Los Angeles as well as commuter towns such as Laguna Beach, Newport Beach, Beverly Hills, and Malibu. Chicago Chicago has a highly diversified economy that is strong in multiple key sectors. Affluent parts of Greater Chicago include the Gold Coast Historic District, Winnetka, Kenilworth, and Lincoln Park. Houston America's energy capital, Houston, is a global leader in engineering and aeronautics. It is also home to 24 Fortune 500 companies — the third-highest number among US cities, after New York and Chicago. Dallas Dallas has seen very strong wealth growth over the past two decades, driven in part by the relocation of several major corporate headquarters to the city. Prominent companies based in the Dallas–Fort Worth area include AT&T, CBRE, Caterpillar, American Airlines, Charles Schwab, and Texas Instruments. Seattle Greater Seattle is the base city for tech giants Microsoft and Amazon, along with major companies such as Zillow, Nordstrom, Starbucks, and Expedia. Once considered a potential rival to Silicon Valley (the Bay Area), the region's prominence in the tech world has diminished over the past decade. Our figures for this area include wealth held in the city of Seattle, as well as nearby Bellevue, Kirkland, Redmond, and Mercer Island. Boston As the world's largest biotech hub, Boston is a global leader in scientific research, education, medicine, and law. It serves as the headquarters for corporate giants such as General Electric, State Street, and Fidelity Investments, and is home to a significant concentration of wealthy academics affiliated with nearby Harvard and MIT. The city also hosts two of the world's Big Three management consultancies — Boston Consulting Group (BCG) and Bain & Company. Miami Miami is an increasingly popular destination for America's super-rich, with the lack of state taxes in Florida serving as a major drawcard. In recent years, a notable influx of centi-millionaires and billionaires — particularly from the tech, fund management, media, and entertainment sectors — has relocated to the city. Miami is also the USA's primary gateway to Latin America, and with Miami International Airport offering direct flights to most major global cities, it is arguably one of the world's most strategically positioned hubs for international investors. Our figures for this area encompass wealth held in the city of Miami, as well as in Miami Beach and Coral Gables. Washington DC The US capital is home to some of America's most prestigious residential streets with timeless brownstone apartments and large manor houses. The suburb of Georgetown is among the most sought after in the region. A large number of high-net-worth individuals have moved to the city over the past decade, particularly those in the media, finance, law, and private equity spaces. Austin With its booming tech sector, Austin has been dubbed 'Silicon Hills'. Several major tech companies have moved their headquarters to the city over the past decade, most notably Tesla. Texas's low state taxes add to Austin's appeal. While wealth growth in the city has slowed over the past couple of years, it remains very impressive when viewed over the past decade as a whole. Greenwich and Darien These neighboring towns on Connecticut's Gold Coast are favored residential areas for investment bankers, hedge fund managers, and wealthy financiers. They are both highly exclusive, with average house prices exceeding USD 3 million. Scottsdale The jewel of the Greater Phoenix metropolitan area, the Arizona desert city of Scottsdale has emerged as the fastest growing millionaire hub in North America over the past decade, primarily driven by its rapidly expanding tech sector. Our figures for this region include wealth held in both Scottsdale and the neighboring town of Paradise Valley. Many of the affluent tech executives working in Greater Phoenix choose to reside in Scottsdale and Paradise Valley. Prominent tech companies that operate out of the metropolitan area include GoDaddy, Microchip Technologies, Avnet, Insight Enterprises, and Onsemi. Global tech giants Intel and TSMC also maintain a strong and growing presence in the region. In addition to its tech appeal, Scottsdale is also a sought-after retirement destination, with world-class golf and lifestyle estates such as the Estancia Club, Silverleaf, Desert Mountain, and Whisper Rock. West Palm Beach Florida's West Palm Beach has become a coveted retirement destination for millionaires from New York and California. Furthermore, a growing number of affluent individuals — particularly from the hedge fund, media, and entertainment sectors — are choosing to live and operate from this area post-Covid. Our figures for this region include wealth held in both West Palm Beach and neighboring Palm Beach. Las Vegas and Henderson Like Los Angeles, Las Vegas has become a preferred city of residence for high-net-worth individuals who built their wealth in the hotel, media, and entertainment industries. It is also growing in popularity as a place to retire and, like Scottsdale, it is famed for its luxury lifestyle estates and beautiful desert landscapes. San Diego San Diego is renowned for its Gaslamp Quarter, beaches, and mild climate. The city is also known for the San Diego Zoo, Balboa Park, and its vibrant cultural scene that includes a celebrated craft beer industry and a thriving food culture. The suburbs of La Jolla and Rancho Santa Fe are especially sought after among the ultra-wealthy. Philadelphia Philadelphia was once the wealthiest city in America and is home to the nation's first stock exchange. 'Philly' also hosts the University of Pennsylvania (Penn), which is one of the top three universities in the world for producing centi-millionaires and billionaires. Additionally, Philadelphia is the operational center for media giant Comcast. Atlanta Atlanta serves as the base of operations for several major global corporations, including Coca-Cola, Home Depot, Delta Air, and CNN. The suburb of Buckhead is home to most of the city's centi-millionaires and billionaires. However, Atlanta is also marked by a significantly high level of income inequality. Montecito and Santa Barbara Santa Barbara is a resort destination defined by its Spanish Colonial Revival architecture and, along with Montecito, has become an increasingly attractive place of residence for many of America's most famous celebrities. Montecito, in particular, is acclaimed for its hillside estate mansions offering stunning ocean views. Denver Denver is one of America's leading tourism hubs and has become an increasingly important center for tech start-ups. Its proximity to second-home hotspots such as Aspen and Vail also contributes to rising levels of migrant wealth in the city. Well-known companies with a presence in the region include Palantir Technologies, Western Union, Vail Resorts, and Newmont. Tampa and Sarasota Tampa and neighboring Sarasota are both located on Florida's booming west coast. Tampa, in particular, has built a reputation for its expanding tech sector and was recently named America's top emerging tech hub by Forbes. Pebble Beach and Carmel-by-the-Sea Synonymous with wealth and luxury, this region is home to many of America's most celebrated golf courses, including Cypress Point, Pebble Beach, and Spyglass Hill. It is also known for its unique bohemian architecture and for hosting Monterey Car Week — the world's premier annual classic car event for the super-wealthy. Salt Lake City With its stunning mountain backdrop, Salt Lake City in Utah has emerged as an appealing hub for tech and financial start-ups. It lies close to Park City, a resort town favored by America's rich and famous as a location for second homes. Salt Lake City is also the headquarters of the Church of Jesus Christ of Latter-day Saints, one of the fastest growing church denominations in the world. Santa Fe Santa Fe is attracting increasing attention as a retirement hotspot for America's wealthy. Founded in 1610, it is one of the oldest cities in the USA and — is known for its vibrant art scene and distinctive adobe architecture. Also featured in this year's USA Wealth Report are the Florida cities of Naples, Fort Lauderdale, and Boca Raton. Naples — often dubbed the 'Golf Capital of Florida for the Ultra-Wealthy' — has become an increasingly desirable location for retirement, while Fort Lauderdale and Boca Raton are both recognized for their top-tier marinas, yacht clubs, and ultra-exclusive gated communities. All three cities continue to attract significant interest among wealthy investor migrants.
CBC
01-05-2025
- Business
- CBC
Calgary film industry optimistic for recovery after North America-wide slowdown
Southern Alberta residents can expect to see plenty of cameras and production crews over the coming months and years, according to some Calgary film industry insiders. After the 2023 Hollywood strikes cooled off local production, Calgary Economic Development (CED) received more scouting package requests in the first quarter of 2025 than any other Q1 in the last decade. It's a good indication that Alberta's Rocky Mountain views are in high demand, said CED president and CEO Brad Parry, with some of the biggest companies in the industry ramping up production again. "Netflix has a number of projects they're shopping around," Parry said. "We know Paramount, we know Apple, there's a lot of people that have a lot of pent-up projects now, that are going to start to, I think, hit the ground soon." The Directors Guild of Canada tracks ongoing productions by pay rates. Three projects currently in production in Alberta fall in their 'Tier A' category — which generally means they're higher budget productions, said Michelle Wong, a film industry consultant based in Calgary. One is a film adaptation of Reminders of Him, a romance novel by New York Times bestselling author Colleen Hoover. The third season of Billy the Kid, a western series produced by MGM+, is also filming around Calgary. "At first we thought maybe there would be a bit of a downer year," said Wong. "We're seeing actually something of maintaining what was last year, and maybe a slight tick up actually." Wong credits a shaky Canadian dollar and more resources available for Indigenous productions for the strong start to 2025. Bill C-11, which passed in April 2023, specifies Canadian broadcasters must provide opportunities to Indigenous people to produce programming, and has helped increase the amount of content produced by Indigenous filmmakers, said Wong. Uncertainty created by U.S. trade policy is also having an impact, Parry said, but Calgary's film industry is also becoming less reliant on American productions by welcoming projects from other markets. "Especially at the end of last year, we had a lot of projects coming from Korea," he said. "Now you're starting to see a few more of the European countries also start to look for ways to get some different vistas to shoot." Hundreds of union members out of work The head of the film industry union's Calgary branch says the provincial government could take steps to help stabilize the local industry. Damien Petti, president of IATSE Local 212, notes that of the more than 1,500 members available to work in film and television production, only about 65 per cent are currently employed. "Many people have a plan B and a supportive spouse," he said on The Calgary Eyeopener on Monday. "There's always been peaks and valleys, but there are a number of other factors that have changed rapidly," he added, referring to an increase in the number of tax incentives offered in other countries, meaning Canada now faces greater competition to attract big projects. He wants to see the province increase its base 22 per cent tax credit on production costs to 25 per cent. In a statement, Ministry of Finance press secretary Justin Brattinga said that Alberta's Film and Television Tax Credit Act was amended last year to widen its application window, expand the number of eligible production genres and offer additional access to the higher tax credit level for productions filming in rural and remote parts of the province. "Going forward, Alberta's government is monitoring developments in other jurisdictions and will continue to take steps to ensure the FTTC program remains competitive," Brattinga said in a statement. The long-running western drama Heartland has been renewed for a 19th season, Petti said, also teasing that other big projects are on the way that he can't yet reveal.
Irish Independent
27-04-2025
- Irish Independent
Man shot with plastic bullet and tasered after ‘concern for safety' in east Belfast
Police attended a house in the Strathearn Park area of east Belfast following a report of a domestic-related incident on Saturday evening, April 26. On arrival shortly after 7.15pm, officers became concerned for a man's safety. The PSNI said: 'Specially trained officers were requested and an Attenuating Energy Projectile (AEP) and a Conducted Energy Device (CED) were deployed during the incident to prevent a male from harming himself. He was safely detained and taken to hospital. 'A man in his 40s arrested on suspicion of criminal damage and possession of a class A controlled drug following the incident remains in police custody at this time.' As is normal procedure when AEP and CED have been discharged, the office of the Police Ombudsman has been informed. A man in his 40s is due to appear at Belfast Magistrates Court on Monday 28 April for breach of bail. Enquiries are continuing in relation to the incident. The AEP forms part of the common weapon system approved for use by members of the police service, according to the College of Policing UK. Operational use of the AEP in the UK police service is limited to authorised officers who have been specifically trained in the use of the system. Meanwhile, a CED (taser) is a less lethal weapon system designed to temporarily incapacitate a subject through use of an electrical current that temporarily interferes with the body's neuromuscular system and produces a sensation of intense pain. The College of Policing says CEDs will not be routinely used to police public order or public safety events, but may be used as an option to respond to circumstances within the operation. The use of CED ranges from the physical presence of a drawn device through to the application of electrical discharge to a subject. Even before a CED is drawn, the mere visibility of an overtly carried holstered device may serve a deterrent value. It is one of a number of tactical options available when dealing with an incident with the potential for conflict.
Sunday World
27-04-2025
- Sunday World
Man shot with plastic bullet and tasered after ‘concern for safety' in Belfast
Police attended a house in the Strathearn Park area of east Belfast following a report of a domestic-related incident on Saturday evening, April 26 Police Service of Northern Ireland (PSNI) officers responded to an incident in east Belfast. Picture: Aodhan Roberts/Belfast Telegraph A man was shot with a plastic bullet and tasered during a domestic incident in east Belfast, the PSNI has confirmed. Police attended a house in the Strathearn Park area of east Belfast following a report of a domestic-related incident on Saturday evening, April 26. On arrival shortly after 7.15pm, officers became concerned for a man's safety. The PSNI said: 'Specially trained officers were requested and an Attenuating Energy Projectile (AEP) and a Conducted Energy Device (CED) were deployed during the incident to prevent a male from harming himself. He was safely detained and taken to hospital. 'A man in his 40s arrested on suspicion of criminal damage and possession of a class A controlled drug following the incident remains in police custody at this time.' As is normal procedure when AEP and CED have been discharged, the office of the Police Ombudsman has been informed. The AEP forms part of the common weapon system approved for use by members of the police service, according to the College of Policing UK. Operational use of the AEP in the UK police service is limited to authorised officers who have been specifically trained in the use of the system. Meanwhile, a CED (taser) is a less lethal weapon system designed to temporarily incapacitate a subject through use of an electrical current that temporarily interferes with the body's neuromuscular system and produces a sensation of intense pain. The College of Policing says CEDs will not be routinely used to police public order or public safety events, but may be used as an option to respond to circumstances within the operation. The use of CED ranges from the physical presence of a drawn device through to the application of electrical discharge to a subject. Even before a CED is drawn, the mere visibility of an overtly carried holstered device may serve a deterrent value. It is one of a number of tactical options available when dealing with an incident with the potential for conflict.
