Bloom Vertical, a new venture for Heritage Business Interiors, includes, clockwise from rear left, Allan Hansen, Mike Taylor, Kam Hammad and Angus Taylor.
(Supplied by Wil Andruschak, Postmedia Content Works)
Sponsored by Calgary Economic Development
Taking strategic risks and reaping unprecedented rewards is certainly not unfamiliar to Heritage Business Interiors Inc.
The president, chief executive officer and founder of the company, Mike Taylor, says his favourite adage is, “If you want something you never had before, you need to do something you have never done before.”
HBI has, in part, built its business on this core belief.
“With the downturn in Calgary economy over the last two years, I started to look at what other market opportunities or diversification strategies could provide additional growth to our company,” says Taylor.
His investigation led him to “vertical farming,” which essentially means building up rather than out.
“In benchmarking what is occurring around the world with vertical farming as it relates to global population growth, high-tech indoor greenhouses, reducing inputs and operating footprints — why not introduce this vertical storage application to the Canadian market?” he asks.
As he considered Calgary Economic Development’s diversification initiative on agri-business, as well as the legalization of cannabis for recreational use slated for July 1, 2018, Taylor launched a company called Bloom Vertical.
“This integrated product approach incorporates vertical shelving, LED grow lighting technologies, drip irrigation and carriage mobilization,” says Taylor. “The return on investment for growers increases many times over by taking this vertical approach. It future-proofs the client’s investment.”
He is partnering with several other local businesses and experts in this venture to enter what is predicted to be a multi-million-dollar market. HBI’s SWAT brand (storage, walls, access raised flooring and technology) was introduced to the market a few years ago and was very successful at incorporating integrated vertical storage into design.
Some of these storage projects include the Calgary Police Service’s property evidence warehouse and the University of Calgary’s High-Density Library.
HBI employs a team of 34 people in Calgary, including computer-aided design experts, project managers, installers, move management co-ordinators and customer service representatives.
This story was created by Content Works, Postmedia’s commercial content division, on behalf of Calgary Economic Development.