August 2013

 
EDABC
ECONOMIC NEWSLETTER
 
Greetings!
 

 

The dog days of summer are finally upon us and I trust that you are exploring all that British Columbia has to offer.  While this is an exciting time of year, it is important to remain focused and diligent to ensure prosperity in your community. 

 

EDABC is very pleased to be hosting the Western Economic Development Course again this year at the Sheraton Vancouver Airport Hotel on November 3rd through 6th. We have compiled an exciting list of speakers that will be delivering talks on a variety of different topics.  We will be releasing information shortly, but reserve your spot now as seating is very limited.

I wish you a safe, happy and healthy finish to your summer.

Dale Wheeldon
President and CEO
EDABC

 
UPCOMING EVENTS

2013 PNEDC ANNUAL CONFERENCE

August 11 - 14, 2013

Coeur D'Alene, Spokane

Click here to register

WESTERN ECONOMIC DEVELOPMENT COURSE

November  3 - 6, 2013

Richmond, BC

Sheraton Vancouver Airport Hotel

 

Click here to register

Wakeboarding
INITIATIVE SPOTLIGHT
City of Langley

The purpose of the project is to describe the economic realities of Brownfield redevelopment in the City of Langley. In a market where industrial lands trade at $1 million per acre, and the realities of risk associated with site remediation, the city needed to understand the opportunities and mechanisms that would encourage greater development activity in their industrial downtown lands. 

 

Several opportunities and strategies were identified that would enable the City of Langley to drive the conversion of Brownfield sites.  

EMBRACING OUR POTENTIAL - A 10 YEAR TOURISM STRATEGY FOR THE THOMPSON OKANAGAN REGION
TOTA

'Embracing Our Potential' is British Columbia's first-ever comprehensive 10-year regional tourism strategy. It was developed through an intensive and inclusive 18-month-long grassroots process in 2011 and 2012, led by the Thompson Okanagan Tourism Association (TOTA).
 
This region-wide community economic development project directly engaged more than half of the region's 3,200 tourism stakeholders and numerous partners in industry, government and communities in a collaborative process of identifying goals, priorities and initiatives to grow the region's $1.7-billion tourism industry. TOTA leaders travelled to all corners of the region, delivering more than 50 presentations to community and local-government representatives in order to explain the process and gather input at all stages.

NEW PARTNER: DEVELOPMENT COUNSELLORS INTERNATIONAL

Development Counsellors International (DCI) is the leader in marketing places. Since 1960, they have worked with more than 400 cities, regions, states and countries, helping them attract both investors and visitors. They specialize exclusively in all phases of economic development and travel marketing.

 

Visit DCI on the web

A.T. KEARNEY: FOREIGN DIRECT INVESTMENT CONFIDENCE INDEX

Canada jumps 16 spots to #4 and is the only G7 country to recoup all of its output & employment losses since the recession.

 

In 2011, it recorded $40.9 billion in FDI, up sharply from 2010's $23.4 billion. From 2010-2012, Chinese oil and gas firms have invested $38.2 billion in acquisitions, joint ventures and stakes across the country, the largest being CNOOC's $15.1 billion purchase of Nexen. In June 2012, Malaysian energy group Petronas spent $5.3 billion for Progress Energy Resources to secure liquefied natural gas for export to Asia.

 

See the Foreign Direct Investment Confidence Index

Camping

Corporate Knights ranked the 20 largest cities in the United States and Canada using 27 sustainability indicators.

 

New metrics this year include assessment of urban vehicle congestion, "walkability" and cycling infrastructure - including the availability of bike-sharing services - and were incorporated as a measure of quality of life as well as economic and environmental performance. San Francisco takes the top spot, with Washington in second place. Rounding out the top five are Ottawa, Vancouver and Toronto. Vancouver ranks first in terms of Environmental Quality and third in Environmental Quality. However, Vancouver placed sixth in Social Well-Being and seventh for Governance & Empowerment, which brought to Vancouver fourth place.

  

See the North American Sustainable Cities Scorecard here and commentary here 

 EXECUTIVE DIRECTOR - COMMUNITY FUTURES SHUSWAP

Seeking Executive Director for Community Futures Shuswap! Join Community Futures Shuswap in beautiful Salmon Arm, British Columbia where you can live, work and play in one of B.C.'s fasted growing community which hosts outstanding wilderness scenery, countless recreational activities and is rich in arts and heritage.

 

Vancouver Sun

APPOINTMENTS ANNOUNCED FOR DESTINATION BRITISH COLUMBIA'S TOURISM MARKETING COMMITTEE

Destination British Columbia has been mandated to fulfil several key marketing and leadership responsibilities critical to the long-term, sustainable growth of the provincial tourism industry.  The Tourism Marketing Committee will provide the Crown corporation's Board of Directors and CEO with input and recommendations on tourism marketing strategies, tourism performance indicators, ways to encourage alignment in tourism marketing activities, and ways to leverage funds for tourism marketing programs.

Click here to read more

OPPORTUNITIESBC

The Province of BC is continuing to make efforts on improving OpportunitiesBC so that it is easier and more effective for EDO's, businesses and investors looking for opportunities.  OpportunitiesBC is an online searchable database of business and project opportunities within British Columbia suitable for investment.

 

Investors can search the OpportunitiesBC database by:  

* opportunity type 
* minimum/maximum land size 
* minimum/maximum building size 
* minimum/maximum price 
* location 

 

Once an investor has found an opportunity that they are interested in learning more about, they can view the community profile to learn about the part of British Columbia in which the opportunity is located.  They can also click the "Contact EDO Now" button.   The request is then directed to the local person responsible for Economic Development.

 

The following is a comment sent to EDABC by Salmon Arm based realtor Alex Evans who had just sold one of the listings on the site: "We have been getting lots of calls from people from other countries or areas and these calls are coming from your website.  In fact, just yesterday we had a wonderful gentleman from Iran come to town and look at available commercial spaces/businesses."  Your website is working great!"
 

PRELIMINARY DEAL REACHED FOR AFFORDABLE HOUSING FUNDING

The Revelstoke Community Housing Society is moving forward on a design-build plan for 12 affordable housing units in Southside.

 

Alan Mason, the City of Revelstoke's director of economic development, told the Times Review that BC Housing has given preliminary approval for funding the development, but first the society is going to solicit proposals to build the units in order to get the best possible price.

 

Read the full story here

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