NEWS FROM EDABC FOR THOSE INVOLVED IN GROWING BC'S ECONOMY
Economic Development Association of BC Newsletter
In the wake of the unfortunate disaster in Northeast Japan, everything else paled in insignificance. We watched with sadness the destruction that has impacted this magnificent country and only wish that we could immediately do something to help. Many companies with significant investments in BC and Canada have been impacted by the earthquake and tsunami and our thoughts are with them as they struggle to recover and mourn the loss of family and friends. I know my family has contributed to fund raising efforts and I hope that if you are able that you to will give that some consideration.
A new Premier and Cabinet, a new Ministry and Minister and now we go to the polls to elect a federal government. Lots of change but we are looking forward to working with them all.
We look forward to meeting with Minister Bell to discuss ways that we can create stronger linkages between the Ministry of Jobs, Tourism and Innovation, EDABC and most importantly all BC communities. The recent work by EDABC to populate the BC Business Network and to get communities to update the Invest BC website is a great start, but we believe more needs to be done. It was encouraging to see that a number of the key departments were merged into this new Ministry. EDABC has been encouraging the Ministry to partner with us on Economic Development Roundtables to be done around the province to gather input from EDO's and others involved in growing BC's economy. We hope that the Minister will take us up on our offer to coordinate this initiative.
It was a pleasure last month to travel to Vancouver Island to talk to our members and the members of VICEDA about BC BusinessCounts and the other activities of EDABC. Trips are being planned to other areas as requests are made.
The organizing of the June conference is going well and the number of new partners that have joined our efforts is impressive and will mean that the conference and other EDABC activities will be better than ever before. We encourage you to provide your Silent Auction items soon, as well as your nominations for the BC Hydro/EDABC Economic Development Awards. A little sneak peek at a few of the live Auction items that you can expect:
Mexican Vacation from Imperial Paving
Private Poker Party from Cascade Casino
A $1300 BBQ from Fortis
If you have not checked out the agenda for the conference agenda we encourage you to do so and to take advantage of the early bird registration.
I look forward to seeing you all in June.
All the best.
Dale Wheeldon, CEO
CED Series: Business Retention & Expansion
Chances are you would like to increase jobs within your community, but did you know that 80% of jobs are created by existing local businesses, not new businesses? Business Retention and Expansion is a way to improve the competitiveness of those local job-creating businesses by identifying and addressing their needs and concerns and building on business development opportunities.
Representatives of the Kings Regional Development Agency, City of Vernon, Chilliwack Economic Partners Corporation and Economic Development Association of BC/Linx BC will present a webinar on Business Retention and Expansion, Thursday April 21, 2011 from 1:30-3:00 pm. Join us to look at three Business Retention and Expansion (BRE) programs within British Columbia and Nova Scotia to explore what BR+E could look like in your community.
Participants in this webinar will be given the opportunity to learn:
Different approaches to BR+E, ranging from Business Walks to formal BR+E Programs and tools like BC BusinessCounts
The value of engaging in BR+E for your community,
How to focus your BR+E program,
Who to partner with to implement your BR+E Program,
How to fund your program.
This Webinar is free....register early as it is limited to 40 participants (first come, first served). Registration deadline is April 18th, 2011 Click here to Register
Please Note - If you cannot attend the webinar but have questions about this webinar topic, please do not hesitate to contact Niamh Murphy at 250-952-7303 or Niamh.Murphy@gov.bc.ca
The Ministry Of Jobs, Tourism & Innovation is looking for community partners to host the "Strategies Of International Business" Export Workshop. 18 workshops have so far been held all over the province.
Parksville - April 13th, Penticton - May 3rd, Vernon - May 4th, Kamloops - May 5th.
For more information, contact Rob Arthurs 604-660-3358
BC Ministry of Jobs, Tourism and Innovation and Chilliwack Economic Partners Corporation present..."The Strategies of International Business" April 27th, 2011
Is Your Company Export Ready?
The session will provide insights, ideas, real success stories and strategies to sell and succeed in the international marketplace. From understanding effective market entry strategies, to why accepting cultures are critical to international success, to figuring out the real value of the internet for your international presence, this session will enlighten, entertain and motivate you to explore the opportunities of going regional, national and international.
In partnership with the organizers of the Northwest Economic Development Course, EDABC, EDA & SEDA are announcing the Western Canada Economic Development Course. This will be the premier program offering concentrated focus in the basic concepts, methods and strategies of local economic development.
Our experienced and distinguished instructors provide an outstanding blend of theory and practice. Whether you're new to economic development or not, this course will provide you with fresh tools and ideas you will be able to implement in your community.
This course is worth 6 points towards EDAC Economic Development Certification
This report examines key financial, investment and technological trends related to clean energy in the world's leading economies (the Group of Twenty). The research shows that the clean energy sector around the world has roared back from flat recessionary levels, increasing 30 percent from 2009 to achieve a record $243 billion worth of finance and investment in 2010. Collectively, the European region was the leading recipient of clean energy finance, followed by Asia, which is expected soon to take the top slot. The Americas region is a distant third, with Canada climbing to 7th from 9th among individual countries. The report concludes that countries that succeed in attracting investment will realize significant economic, security and environmental benefits.
The Changed Manufacturing Landscape and Its Impact on Business Attraction
Manufacturing remains critical to the American economy. Though the sector is recovering more quickly from the recession than many others, deep, ongoing structural adjustments have caused economic developers to revise their approach to supporting manufacturers in their communities.
IEDC's Economic Development Research Partners program is conducting research to provide a map through this new landscape. The report, still under development and scheduled for release later this year, examines the factors that have shaped U.S. manufacturing as it exists today and explores effective responses to those changes from the economic developer's perspective.
This article previews one aspect of the research: how economic developers are approaching business attraction efforts given the evolution of the manufacturing industry.
Fashion firm joins the rebirth of the once booming Port Alberni
Michelle Lee, owner of Kloth Clothing Designs Inc., sits in her company's new location in Port Alberni.
The community of Port Alberni wants to move away from being dependant on a single industry.
Michelle Lee uprooted her business from Gastown where she saw steady growth over eight years, however she also experienced steady increases in the costs of doing business including commercial real estate rents and the property taxes attached to them.
UK's 2011 Budgets and StartUp Britain Initiative are Intended to Grow the Country's Innovation Economy
George Osborne, the UK's Chancellor of the Exchequer, announced the country's 2011 budget including the "Plan of Growth," a package of measures intended to support private sector investment, enterprise and innovation.......
Rethinking Your M.O. in Tough Times: Let Your Companies Set the Agenda
About two years ago, it became clear that in Hoffman Estates, Illinois, the economic development mode of operation needed to change. The recession had taken hold, new retail development was dead and office vacancy was in the 15 to 20 percent range. The only glimmer of hope was in the light industrial arena. Hoffman Estates, a community of 52,000 located 25 miles northwest of Chicago, has little manufacturing, but does have a number of companies that supply manufacturers, as well as a number of firms' North, Central or South American headquarters......
The Westin Bayshore in Vancouver has renewed its support to EDABC and for our members for 2011. The rates are similar and are substantially lower than what you would pay if you were a non-member. For every night booked and completed, the Westin Bayshore will pay EDABC $10.00 towards assisting in providing Professional Development.
You must ask for the 'Economic Development Association of BC" rate when booking.