NEWS FROM EDABC FOR THOSE INVOLVED IN GROWING BC'S ECONOMY
Welcome to the Economic Development Association of BC Newsletter
We are pleased to provide you "The Pulse" - the newsletter for those involved in growing BC's Economy. We are adopting this new format in order to provide you with a variety of topics/articles that may help you in your day to day activities. 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 will continue to send out membership E-Blasts which will include RFP's, Job Postings, and other time sensitive materials available only to members.
One of the features we want to include is "News from the field" which will highlight successes that communities are having in attracting and retaining businesses. Your success is BC's success and we want to help you share it. One of the things that we are constantly hearing is "what does an EDO do?" We hope that you will provide us with the news from your community showing how diverse this industry is and the impacts you are making. Most companies that get involved in a project that you have helped attract or implement don't even know of your involvement. Through these articles we want to show how you impact every aspect of the community and the businesses in them. Most of you are are not member based but every business and resident is your member through taxation and you work hard to represent them - it is time to be recognized.
EDABC Conference 2010
From June 6-8, 2010, 142 members and non-members converged on Osoyoos, BC to participate in the annual BC Economic Development Conference. The stunning location was no doubt a highlight but the speaker lineup was as equally captivating. Overall delegate feedback was positive and some excellent suggestions were made on possible topics for next years conference.
You can download copies of the speakers presentations by visiting the Conference 2010 section on our website and following the links.
BC Leads Growth in Population
Canada's population has surpassed the 34-million mark. As of April 1, 2010, the population was estimated at 34,019,000, an increase of 88,100 (+0.26%) from January 1, 2010. All four western provinces had growth rates stronger than the national average.
More than two-thirds (71%) of the first-quarter increase was due to net international migration, while 29% was attributable to natural increase.
British Columbia's population grew by 0.37% to just over 4,510,900. It was the third consecutive quarter in which British Columbia led all provinces in population growth rate. Three-quarters of the increase was attributable to net international migration (+12,300). The province also ranked first in net interprovincial migration for a third consecutive quarter (+1,600). The complete Statistics Canada Bulletin can be found here.
MVC 2010 Program a Success
MVC Welcome Reception: Joanne Curry, Executive Director SFU Surrey (Left); Mayor Dianne Watts (Centre) and Councillor Linda Hepner (Right).
With a goal of leveraging the 2010 Olympics to generate foreign investment, the $1.5 million MVC 2010 Investment Program, funded by Western Economic Diversification and participating cities, hosted 100 international executives from 70 global companies representing five targeted sectors during the Games.
Guests spent four days with a team of business hosts from the member communities.Visiting dignitaries took part in a series of structured business activities, technology showcase sessions and networking events that demonstrated the business advantages of locating in the Metro Vancouver area.
With $60 million in investment deals signed or pending and many more being worked on in participating cities across the region, results of the Program have far outpaced original projections. Over the next two years, follow-up strategies will be executed to ensure that investment interest generated through the MVC 2010 Investment Program is converted to in-vestment in the region.
Successful Transitions is a program that has been specifically designed to help small business operators in smaller communities make sense of succession planning and give them direction and solutions. It's practical and immediately applicable.
This workshop is more than just learning about Succession Planning, it actually helps business owners get started on their plan.
The experienced trainers have a long track record of working with small business. These facilitators have led countless workshops and community forums, conducted numerous marketing and feasibility studies, and delivered business coaching.
Workshops have been designed to include expert guest speakers, such as a lawyer, accountant and business evaluator, from your region. Participants will hear directly from these professionals about the key areas they need to consider when making a plan. Trainers will work with your office to coordinate your local experts.
To book a workshop contact the nearest Community Futures NextSteps Enterprise West office:
Canadian Industry Program for Energy Conservation - Incentives
Click to find out more information
The Canadian Industry Program for Energy Conservation (www.cipec.gc.ca) from Natural Resources Canada helps companies searching for innovative ways to cut costs and increase their competitiveness, as well as being recognized as an industry leader. Companies can register as a CIPEC Leader, free of charge. As an economic development officer, you can encourage manufacturers in your region to join this select group of companies that are making energy efficiency a priority. Not only will the company's bottom line benefit, they will also contribute to a healthier environment and lend support to Canada's efforts to reduce greenhouse gases and air pollution. More information can be found by clicking here.
2010 Global Manufacturing Competitiveness Index: Talent trumps all
According to this survey of manufacturing executives from around the world, highly skilled workers, scientists, researchers, and engineers are the top driver of the manufacturing competitiveness of nations. However, the need for low costs (in terms of both factors of production and structural costs) are still deemed critical to a nation's manufacturing competitiveness. Energy also emerged as key; the report concludes that sustainability in the manufacturing sector could be the catalyst for a manufacturing renaissance in the United States, Japan, and Germany.
B.C.'s construction sector expects it will need to recruit and replace some 59,000 workers by 2018, a target it says cannot be met by current forecasts for the supply of new workers. Today's release by the industry-sponsored Construction Sector Council stresses the demographic challenges the industry faces. "There will not be enough new workers to fill labour requirements, so our priorities will be on recruiting, training and career promotion that targets all potential sources of labour," says Manley McLachlan, president of the B.C. Construction Association. For more on this breaking story click here.
Partner Profile - Colliers First established in 1898 in Vancouver as Macaulay & Nicholls, Colliers has grown to become Canada's largest commercial real estate services company, providing a full range of services to real estate occupiers, developers and investors. Services include brokerage, real estate management, valuation, consulting, project management, project marketing and research. Through a culture of service excellence and a shared sense of initiative, Colliers Canada and our more than 1,400 professionals have integrated the resources of real estate specialists across Canada to accelerate the success of our clients.
In 2009 alone, Colliers Canada concluded more than 3,500 sale and lease transactions on behalf of investors and occupiers totaling some $4.8 billion across every province in Canada. Colliers also completed 854 property valuations in 2009 and currently manages more than 50 million square feet of space.
EDABC New Board - New Work Plan
At the Annual General Meeting on June 8, 2010 the membership elected a new board to direct the activities of the association. This new board, headed by President Kevin Poole will oversee the implementation of a new and aggressive work plan that will lead the association into the future. A complete copy of the work plan - ADAPTING, EVOLVING, LEADING can be downloaded by clicking here.
Westin Bayshore - Support for EDABC and its Members
The Westin Bayshore in Vancouver has long been a great supporter of EDABC. Now they have taken it a step further. We have entered into an agreement with the Westin Bayshore where they will provide you with Exclusive rates as an EDABC Member. The rate for the high season starts at $149 and the low season starts at $129. This is comparable to government rates. But that is not all!! 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: