December 2010

THE PULSE

NEWS FROM EDABC FOR THOSE INVOLVED IN GROWING BC'S ECONOMY

December 2010

Economic Development Association of BC Newsletter

Greetings!  

I am pleased to provide you with a copy of our December "The Pulse" Newsletter.  

This will be the last newsletter for 2010.  I hope that you have found this new format to be beneficial and that the contact was useful in helping you pursue new options to consider. 

  

This month contains a variety of information, including details on the EDAC Scholarship, recent Linx BC activities and an update on the possibility of the EDABC BR+E program.  We hope you find it interesting.  Also, this is the last month to get the Super Early Bird "Member only" Rate for the June 5-7, 2011 BC Economic Development Conference. See at the bottom of the newsletter for more information.

  
You are encouraged to share this newsletter with anyone that you think would benefit from the information.  Some of the items are linked to the members only section and we hope, with your help this will result in an increase of membership to EDABC.  We continue to send out membership E-Blasts which will include RFP's, Job Postings, and other time sensitive materials available only to members. 

 

Thank you for your support in 2010 and on behalf of my team and my family we wish you all happy holidays.  2010 was interesting, and for me it was made very memorable with the birth of two grandchildren (Brayden in February and Kenya in November). 

 

May all of your economic development dreams come true in 2011.

Dale


Add a member and support your team, your board and your association.

You say you support the other members of your team - but do you?  Would it not be great to see your board members read about what is happening in Economic Development so that when you fight for your next budget increase or salary improvement they understand what you are saying?  Would you like EDABC to provide additional support, enhance training options, have a larger conference, and be a more visible player in supporting the economic growth of all of BC?  

 

You can help to do all of this by adding additional members to EDABC.  It really is reasonable to add these members.  The second member of your team can join for $150 and the third and all subsequent members for only $110 each.  They get all of the benefits of a regular member including the WESTIN BAYSHORE discount, the Kal Tire discount and increased profile in the EDABC Invest in British Columbia publication.  We will have more member benefits to announce soon.  

 

Show your support for allowing us to maintain a storefront office in Chilliwack by signing up additional members.  

 

For those communities that have already added additional members in 2011 we thank you and look forward to keeping you as part of EDABC.  

 


Hard to refute positive economic forecast for BC in 2011.

Even cynical economists are unable to substantiate a negative forecast for British Columbia in 2011.  No, there won't be another Olympic victory or an out and out economic boom. But there will be consistent growth that would be envied by other parts of this continent - and the world.

Read this full story as it appeared in the Calgary Beacon on November 4th, 2010.


Site Selection Event

Kevin Poole (Vernon) and Ron Ruberg of Location Advisory Services in New Jersey
Kevin Poole (Vernon) and Ron Ruberg of Location Advisory Services of New Jersey

Ten (10) BC communities met from November 21-23rd, 2010 with a variety of Site Selection Consultants from all over North America.  This unique event hosted by Linx BC was an overwhelming success.  The event started with an official reception at the Westin Bayshore and then we attended a Vancouver Canucks/Phoenix Coyotes Hockey game.  On Monday it was down to real business as the Consultants took in presentations from government, BC Hydro and the International Financial Centre.  Following these presentations each community was given a private 30 minute meeting with each Site Selector to pitch the advantages and opportunities that they had to offer.  Feedback from the Site Selectors was very positive - these are some of the comments:

  • You need to as a team get out and tell the story more - you have a lot to sell.
  • Your Hydro and Medical costs put you in a unique advantage.
  • Do not stop marketing as a team - this has been an impressive couple of days and a true sign of partnership.  Great Job.
  • The fact that your organization covers almost every geographic area of BC is great.  It has helped to give us a great understanding of the diversity of options available around BC. 
  • Linx BC is back!!  Good to see it and we will be in touch!
Community Representatives meeting with Site Selectors
Community Representatives meeting with Site Selectors

These site selectors represent a variety of different economic sectors including green industry, warehousing, data centres, call centres, manufacturing, food processing and more.  

This was an amazing opportunity to promote each community and at the same time learn what the Site Selectors are looking for in the way of information.  We are considering doing additional activities like this in 2011 and also may do trips to meet site selectors in the US where there is a cluster of them in one area. 


2010 Canadian Economic Development Marketing Survey

The Economic Development Marketing in Canada survey is conducted annually by EDAC and On Three Communication Design Inc. EDAC members from across the country are asked to provide information about their marketing techniques, ambitions, budgets and challenges. The results are provided to members as a resource to assist with benchmarking and planning.

 

Download the results here.  You will need to sign into the member resources section to download.   


Promoting an Ethical Culture in your EDO

As published by IEDC

The field of economic development has grown considerably in size and professionalism over the past several decades. That growth prompted the IEDC board of directors to adopt a code of ethics in October 2008, and to make ethics education for members a priority.

 

Adhering to a code of ethics is about maintaining a higher standard of conduct than narrower rules or laws might dictate. It's especially critical to guiding behavior when something as big as a job, or the chance to enrich oneself or others, is at stake.

 

Read more by signing into the members section.  Click here.


Is a Business Incubator a Good Strategy for Your Community? 

 

We have been distributing a significant amount of information lately on Business Incubation.  This has been requested by our members who wish to capitalize on this growing trend in supporting the growth of entrepreneurism in communities.   We have acquired additional resources and will do our best to make it available soon. 

 

We hear it every day - small businesses will lead the economic

recovery. Economic developers recognize the value of fostering small business growth, but choosing and implementing effective strategies are the tricky parts. Perhaps an elected official in your community has now decided that an incubator is the way to go. How do you figure out whether that's true?

 

Find out more by downloading the document from the members section.  Click here.


NEW EDABC BR+E Program to be announced soon! 

It looks like our efforts to start a new Provincial BR+E initiative for most of BC will be announced soon.  We have been approved for funding from one of our partners and are hopeful that one additional partner will provide approval in early December.  This initiative will assist communities in gathering the critical information needed to develop programs to retain existing business and to attract new FDI. 

We have tentatively set a date for a Provincial BR+E Seminar - "New Approaches to BR+E" for February 21st and 22nd, 2011.  

Once all of the tools are in place in early January 2011 (subject to the formal funding approvals) we will host training webinars for the program.  The conference is intended to assist all communities in implementing a comprehensive BR+E program regardless of whether or not they buy into the new EDABC initiative. 

Stay tuned for more details.  


Stakeholder Feedback on Draft Public and Stakeholder Consultation Plan November 2010

Consistent with British Columbia's new Clean Energy Act, BC Hydro is preparing a long-term, Integrated Resource Plan (IRP) for submission to the Ministry of Energy by November 2011, after which the government will review the Plan and decide whether to approve it. The IRP will establish BC Hydro's plan for conservation and set its course for acquiring sufficient generation and transmission resources to reliably and cost-effectively meet customers' anticipated future electricity needs over the coming decades.

 

First, they would like to share information about the proposed consultation plan and topics, and then seek your feedback on the emerging IRP Public and Stakeholder Consultation Plan for 2011.

 

For more information on the Integrated Resource Plan click here.

 

For more on the request from BC Hydro click here

For the stakeholder feedback form click here.

Issue: 6-2010
EDABC Logo

In This Issue
Add a member
Hard to refute positive Economic Forecast for BC
Linx BC Site Selection Event
2010 Canadian Economic Development Marketing Survey
Promoting an Ethical Culture in your EDO
Is a Business Incubator a Good Strategy for your Community?
NEW EDABC BR+E Program - coming soon
BC Hydro - Stakeholder Feedback
EDABC Membership Renewals
Upcoming Events
Westin Bayshore - RENEWS EDABC Partnership
Job Postings and RFP's
New EDABC Membership Benefit - Just in time for the Snow
EDAC Scholarship Program


EDABC Membership
Your invoices for your 2011 Membership have been sent.  We hope that you will continue to support our efforts to build a strong and widely recognized provincial economic development organization that represents your interest and the interest of building BC's economy. 

See the story about adding a member to help support EDABC. 


Upcoming Events


EDABC
Business Retention and Expansion - New Approachs.
February 21-22, 2011
(tentative)
    
 EDABC Annual Conference 
June 5-7, 2011
Langley, BC


Westin Bayshore - RENEWS Support for EDABC and its Members
Westin Bayshore
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. 
Booking Procedures:
Hotel Direct: 604-682-3377
Fax: 604-691-6980
Online: www.spg.com
SET #204867


Job Postings

Check the EDABC Website often for new Job Postings.  We do send out notices as new ones are posted.


NEW EDABC MEMBERSHIP BENEFIT
Kal Tire
EDABC is pleased to announce our newest membership benefit.  As a member of EDABC you now qualify for a discount at any Kal Tire.   

The 10% discount in on the sub total of the invoice. (not including tax or levy). The program is available at all of the 230+ Kal Tire locations, on all products.  (Kal Tire does not share/sell any info with anyone). Not all Kal Tire locations offer mechanical services, as some are commercial locations (handling large trucks) but tires can be purchased at all locations.

Just mention EDABC for your discount.

Join Our Mailing List 


EDAC SCHOLARSHIP PROGRAM
 

It is that time of year once again where EDAC thanks to its Corporate Sponsors RBC Financial Group and BDC offers Scholarships to our members.

  

In 2011 EDABC will provide up to 12 $500.00 Scholarships to EDAC members to be utilized for any of EDAC's accredited courses/seminars.  On-line applications can be found on the EDAC Web site at www.edac.ca  or by 

clicking here. 

 

 Deadline for Scholarship applications is December 31, 2010, so get those applications in today. Don't miss out on this opportunity that only comes your way once a year!

 

Scholarship applications will be reviewed in January and awarded by mid February 2011. 

Economic Development Association of British Columbia