February 2011

THE PULSE

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

February 2011

Economic Development Association of BC Newsletter

Greetings!  

I am pleased to provide you with a copy of our February 2011 "The Pulse" Newsletter.  

January was an interesting month for our office.  We have been working to increase the profile of EDABC and most importantly our members whether they are local EDO's, representatives from Provincial and Federal governments, the private sector or economic development consultants.  In addition to this we announced the new BC BusinessCounts Program with a great response from communities, worked on the June conference and putting the final touches on our upcoming Business Retention and Expansion program (if you have not registered you better act fast).

At the end of this month the members of the BC Liberal Party will be electing a new leader and therefore a new Premier of BC.  We have spent a great deal of time talking to 4 of the 6 candidates.  We have met and talked with Christy Clark, George Abbott, Mike De Jong and Kevin Falcon.  We believe it is time to have a Ministry of Economic Development that brings together all of the great initiatives under one roof so that we can do a better job of creating partnerships and enhancing our efforts to attract new investment to BC.  We were pleased to hear four days after meeting with one of the candidates in an interview on CKNW that they would create this Ministry.  We are waiting to hear all of them commit to that and most importantly we will continue to encourage whoever is elected to actually do it.  We have also met with the new Minister of Tourism, Trade and Investment to highlight EDABC and the work of the EDO's in BC.  We will be meeting with her again to give her a presentation on what EDO's really do and what they have achieved.  You are encouraged to send me some of your positive results to include in this presentation. 

It is interesting sometimes to hear the comments that are made about EDO's and we are working hard to dispell the myths.  Some of these myths include - "EDO's get paid on commission," "EDO's don't work for local government, and " EDO's don't work with small business."   I suspect that not one EDO is this province would agree with any of those statements.  Frankly these comments disturb me and we must all work together to make sure that we dispell as many as we can in a positive and constructive manner.

We thank all of you for your membership renewals, the new memberships and the referrals.  Over the coming month we will be launching a new Member Referral Program to encourage you to find us new members.  We need to expand the network and hope that you will work with us in this endeavor.  Several readers of this newsletter are not members and we encourgae them to consider joining so that you can access the member resources and to be part of what has become Canada's fastest growing economic development assosiation.  We depend on memberships to support the work of those involved in economic development and to expand the services that we provide. Watch your mailbox for more on this new initiative. 

 
Dale Wheeldon, CEO


BC Economic Forecast

 

BC Housing Outlook 2011-2013 - Highlights

  • Moderate economic growth around 3% annually lies ahead for B.C.'s economy in 2011 and through to 2013, below 2010's first-full year recovery and Olympic boosted performance.
  • Domestic sectors will continue to be the main driver of the economy aided by a pickup in the hard-hit lumber industry. In general, exports will struggle under the high Canadian dollar.
  • The construction industry is forecast to have the highest growth rate among domestic industries with rising residential and private non-residential investment spending.
  • The unemployment rate declines each year to 2013 but remains high resulting in moderate income gains. 
  • Government spending on infrastructure declines during the forecast along with slower spending growth on goods and services as deficit-reduction measures are implemented.

Click Here for Full Report 

 

BC Weekly Economic Briefing - Highlights

  • This week's report includes retail sales, tourist visits and the value of major construction projects in the province.
  •  Consumer spending on retail goods in British Columbia rose for the fourth consecutive month in November to reach $4.95 billion, up 1.3% from October
  • International tourist visits to British Columbia rose for the second consecutive month in November with 363,476 visitors to the province, up 0.8% from October. Gains were driven by a third straight monthly increase in U.S. visits.
  • Current-dollar investment in non-residential building construction in British Columbia rose to nearly $1.14 billion in the fourth quarter of 2010: a 2.4% increase from the preceding quarter.
  • The estimated combined capital costs of major projects under construction in British Columbia remained steady at $61.7 billion during the third quarter of 2010, down 2% from the second quarter. The dollar volume of projects under construction has been flat since the end of 2009

 Click Here for More Information

 

 


Canada's Greenest University

University of Northern BC
Photo: University of Northern University

Using a torch, University of Northern British Columbia President George Iwama fired up the school's combined-heat-and-power (CHP) biomass gasification system in November. Supplied by Nexterra Inc., the system will heat all of UNBC's core buildings, replace its fossil fuel usage by 85 percent-an energy savings of $800 per year-and reduce its greenhouse gas emissions by 3,500 metric tons per year.  
Fuel for the gasifier is woody biomass provided by a local family-owned sawmill, Lakeland Mills, according to Robert van Adrichem, UNBC's vice president of external relations.......

Story by Anna Austin

Read Complete Story from Biomass Power and Thermal


North Vancouver to organize Trade Mission
 

The District of North Vancouver is looking at organizing a trade mission to Korea in the early Fall.  If you would like to participate, or would like further information on how this could benefit you or your company, contact: Marten Kruysse  - District of North Vancouver

 

Phone: (604) 990-2318

Fax: (604) 984-8664

Email: Marten_Kruysse@dnv.org

  


Business Retention and Expansion Program

  

Have you registered to attend the upcoming Business Retention and Expansion (BR+E) seminars to be held at the Westin Bayshore February 21 - 22, 2010.

  

Topics include:

  • New Market Forces Impacting Our Companies, Communities and Organization
  • The New Model and Idea of New Metrics
  • The Concept of Value
  • Changes in Economic/Workforce Development
  • New Stakeholder Perspectives
  • Trends Today
  • Why Retention?
  • Objective, Outcomes and Benefits
  • Who is the Customer/Identifying Customers
  • One-to-One Database Marketing
  • Program Elements
  • Quick Start Guide
  • Roles/Responsibilities
  • Red Flags
  • Next Logical Questions
  • Dissecting the Outreach and Service Delivery Process

This two day seminar starting at 9:00 am on Monday February 21st and ending at 3:30 on February 22nd will help you create or improve your BR+E program in your community.  

 

What have others said who have taken this seminar?

"The instructor was dynamic and knowledgeable and made a dry subject interesting and entertaining."

"The presenter held our attention and made the subject matter interesting and upbeat. Thank you!" 

 

"Excellent format - excellent presenter - fun with lots of personality. Had a lot of solid information."  

 

"Very good. Building the team and partners were very helpful. Helps to re-set focus."

"Good nuts and bolts. Thank you!"  

"Exercises were great!"

"Discussions were great. I enjoyed the group interaction. I was impressed with the presenter."

"Loved the casual interactive style."

"Smart very knowledgeable!"

"Great session - loved the chemistry and quick flow-able to communicate ideas effectively -content was relevant to all sections of my career!"
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It's not too late to register!   Click Here 

 

 

The Seminar will be held at the Westin Bayshore. 

 

Reservation details: Ask for the Economic Development Association of BC Rate - rates start at $129.00. 

Westin Bayshore

Toll Free: 1-800-Westin-1

 

Hotel Direct: 604-682-3377

Email: bayshore.reservations@westin.com

 


New Member Resources this Month

  

*  Regionalism - Strategy for Economic Growth

*  Utilizing Early Stage Capital to Create New Companies

*  Emerging Issues and recommendations for Technology Transfer

*  I-Pad for Economic Development

*  Creating Ec Dev Opportunities - Case for multiple site Business     Incubator Networks

 

Click Here to be taken to the Member Only Resource Area

Issue: 2-2011
EDABC Logo
In This Issue
BC Economic Forecast
Canada's Greenest University
Trade Mission to Korea
EDABC BR+E Seminar
New Member Resources
EDABC Membership Renewals
Upcoming Events
Westin Bayshore - Rates and Codes
Job Postings and RFP's
New EDABC Membership Benefit
Request for Proposals
EDABC Member Referral 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 Approaches
February 21-22, 2011
    
 EDABC Annual Conference 
June 5-7, 2011
Langley, BC


Westin Bayshore - EDABC Membership Rates and Codes 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 Member Benefit
PArk and Fly
Park and Fly
EDABC is pleased to announce our newest membership benefit.  As a member of EDABC you now qualify for a 20%discount at Park and Fly.  Details wll be available on our website shortly. 

Park and Fly joins our other exclusive partners.  Make sure you take advantage of your discounts from the Westin Bayshore and Kal Tire. More discounts coming soon.  

Join Our Mailing List 


Request for Proposals
 

Members can list request for proposals on the EDABC Website free of charge.  Members can access the RFP's by logging into the EDABC website.  


EDABC Member Referral Program 

Member Program 

 

Watch your emails for the launch of our new Member Referral Program.  This program will award you with new members added in each category.   

Economic Development Association of British Columbia
Save 
EDABC 2011 Conference
Register for the 2011 EDABC Conference now and get the "Super
arly Bird* rate.  The conference will be held in Langley from June 5-7, 2011.

"THE POWER OF ECONOMIC DEVELOPMENT"

CLICK HERE FOR REGISTRATION DETAILS