September 2010

THE PULSE

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

September 2010

Economic Development Association of BC Newsletter
 

Greetings!  

I am pleased to provide you with a copy of our September "The Pulse" Newsletter.  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. 
 
Be sure to read all of this months newsletter and do not miss the first story below which includes details on this years ICCI Applications.  You can also now register for the 2011 EDABC Conference that will be held in Langley, BC.  Members can save signficantly if they register and pay before Decemeber 31st.  
 
All of us here at EDABC hope you had a great summer.
 
Dale


Government of Canada Supports Communities in BC to Attract Foreign Investment and Create Jobs - and Urgent notice for 2011
(August 16, 2010) The Honourable Peter Van Loan, Minister of International Trade, today announced that 23 community organizations in British Columbia will receive more than $365,000 through the Government of Canada Invest Canada-Community Initiatives (ICCI) program. This year the Harper government is investing $3 million to help local organizations across Canada attract foreign investment to their communities.
"With one of the most successful and innovative economies in the world, Canada offers many advantages as a business partner and a place to invest," said Minister Van Loan. "This program will provide funding to community organizations in British Columbia so they can continue to promote Canada as the best place in the world in which to do business, now and in the years ahead."
"From our leadership in technology-related sectors to our position as a strategic hub between North America and Asia, British Columbia is an economically diverse province that has a lot to offer," said the Honourable Stockwell Day, President of the Treasury Board and Minister for the Asia-Pacific Gateway. "Our government's investment in this program is helping communities from Vancouver to Prince George and from the Okanagan to Vancouver Island make connections with foreign investors."
The ICCI program helps communities in all provinces and territories attract, retain and expand foreign direct investment. It supports non-profit and public-private groups at the local community level.
 
For more information, visit Invest Canada-Community Initiatives

 

UPDATE - CALL FOR 2011 APPLICATIONS - OPEN NOW

As of September 7, 2010, the Invest Canada-Community Initiatives (ICCI) component of the Global Commerce Support Program will be accepting applications from Canadian communities seeking financial support for their foreign direct investment initiatives for the 2011 calendar year.

 

IMPORTANT DOCUMENTS:

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Download - 2011 Program Launch Notice


2010 Economic Development Deals of the Year
The editors of Business Facilities magazine would like to invite you to enter our 2010 Economic Development Deal of the Year awards.

If you have been party to a major organizational expansion, relocation, or consolidation that resulted (or will result) in the creation of jobs and investment, you may be eligible to submit an entry. Projects must have not previously received this award from us, and they must have been announced publicly on or after July 1, 2009.

Whether you're reading this in the capacity of an economic developer, a site location consultant, or a corporate executive, we welcome your entry before the deadline of October 31, 2010.
 
Winning projects will receive an extensive write-up in our January 2011 issue, including recognition of the entering organization and the major partners (government, consulting, corporate) who deserve credit for bettering their community.

Please click here to view past winners.
 
To download the current entry form, please click here.

The entry form contains complete instructions. Should you have any questions not answered in the entry form, please contact Dominique Cantelme at 800-524-0337, ext. 229 or dcantelme@groupc.com.

 
Please send copies of your submissions to info@edabc.com so that we can join in congratulating you.


New NRCan Program: Investments in Forest Industry Transformation
Natural Resources Canada is pleased to advise you of the launch of the new Investments in Forest Industry Transformation (IFIT) program. 
The objective of IFIT is to assist Canada's forest sector in becoming more economically competitive, and environmentally sustainable, through targeted investments in transformative technologies.  Funding of $100M over four years is available for multi-partner projects implementing new technologies leading to non-traditional, high-value forest products and renewable energy. 
The program has just announced its first Call for Proposals and welcomes applications up to September 17, 2010, from forest companies across Canada whose projects meet the program's eligibility criteria.  General information on the IFIT program, as well as the
 
Application Form and Program Guide, are available on the program website at www.forest-transformation.nrcan.gc.ca. For additional details, please email ifit@nrcan.gc.ca.


B.C. adds jobs, bucks national numbers
British Columbia defied a national trend in July with a net gain of 16,000 jobs, thanks to growth in manufacturing and the service sector. By contrast, the Canadian economy shed 9,300 jobs in July, most of them full-time positions, as the pace of economic recovery showed signs of slowing.

Statistics Canada reported Friday that B.C.'s unemployment rate dropped 0.3 percentage points to 7.5 per cent, compared with an eight-percent national rate for July. Manufacturing employment in B.C. grew by 5.4 per cent, or nearly 9,000 new jobs.

In the services-producing sector, transportation and warehousing expanded 7.0 per cent, professional, scientific and technical services grew 5.6 per cent and business, building and support services increased 5.8 per cent. The B.C. construction sector, a multi-year dynamo that peaked with the 2010 Vancouver Olympics, stayed steady with a modest 0.8-per-cent gain. Health care and social assistance employment shrank 5.5 per cent or 15,000 jobs, but remained marginally larger than a year earlier.

Nationally, StatsCan said that 139,000 full-time jobs were lost during the month, while 129,700 part-time positions were created. The unemployment rate rose to eight per cent in July from 7.9 per cent the previous month, the federal agency said.

"In July, employment decreased in educational services and in finance, insurance, real estate and leasing. At the same time, there were increases in manufacturing and public administration," it said.

"Quebec posted employment losses in July, while Alberta and British Columbia had increases. In all other provinces, employment was little changed." Most economists had expected between 12,000 and 15,000 new jobs in July, with the unemployment rate remaining at 7.9 per cent.

July's drop in employment followed six straight months of job growth for Canada. It comes after a surge of 93,200 positions in June and 108,700 in April, which set a record.  Millan Mulraine, a senior strategist at TD Securities, said, "When seen in the context of the recent strength ... the modest decline should not be entirely shocking."

"Nevertheless, the decline is not inconsistent with the slowing growth momentum in Canada, though we don't expect this to be the beginning of a trend," Mulraine said.


Vancouver Economy Showing Strength in 2010 
Vancouver's industries are gradually recovering from recession, and the 2010 Winter Olympic and Paralympic Games provided an economic boost in the first half of 2010. Concerns exist about the longer term, but the economy is showing relatively good performance across the board, and consumer confidence is returning. More in VEDC's Quarterly Economic Update.
VEC Logo 
2010 Games bring significant business investments to Metro Vancouver
During the 2010 Winter Olympic and Paralympic Games, Metro Vancouver Commerce hosted over 70 international companies to pursue business opportunities in Metro Vancouver. One of the most successful Olympic business attraction programs, it has already resulted in more than $60 M in investments across the region. More. 


Venture Kamloops - Business Corral
Venture Kamloops has an exciting new initiative underway, the VK Business Corral. The Business Corral provides dedicated Kamloops Entrepreneurs access to a skilled and responsive business start-up advisory committee. The committee is a group of business professionals who have collective expertise and experience covering many facets of business start-up and exposure to connections with a variety of key Kamloops sectors.
The meeting format is a Dragon's Den concept: a session, once a month, with one new business venture. After the business pitch has been presented the committee conducts a vigorous Q & A session with the entrepreneur. The session is further enhanced by way of a feedback form that the committee members have completed over the course of the presentation and then given to the entrepreneur as a takeaway. Comments to date from both the Entrepreneurs and the committee have been extremely positive.


What does an EDO do?  Report from the field - McBride, BC
Input from the community provides an Economic Development Office (EDO) with the essential fuel to work, and has set the direction for McBride's EDO.  Since 2007, McBride's Economic Development Office has targeted work initiatives in response to community concerns. 
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Download this document from our resource library
 
We would like your example to include in our library.  Send them to info@edabc.com.  
 


New Northwest BC Economic Developers

Northern Development Initiative Trust is pleased to announce the recent hiring of Derek Baker for the position of Economic Development Officer for the Prince Rupert and Port Edward Economic Development Commission as well as Evan van Dyk for the position of Economic Development Officer for the Terrace Economic Development Authority.

Both Derek and Evan have worked with communities across central and northern British Columbia as Economic Development Interns with Northern Development Initiative Trust.  Through their internships, they are bringing experience in building economic development, investment attraction, business retention and expansion, and community development, having worked collaboratively with Chief Administrative Officers and Economic Development Officers throughout central and northern British Columbia.


Competition for Attraction Projects: Seven "P"s of Corporate Site Selection
In site selection, it's important to know which criteria really matter, which of those you can affect and which you can't. The key is targeting the most effective improvements you can make for the projects you have the highest probability of winning.  
 
Read the story published by IEDC in our resource library.

Issue: 3-2010
EDABC Logo

In This Issue
ICCI 2010 and Urgent news on 2011 Applications
2010 Economic Development Deals of the Year
New NRCan Program: Investments in Forest Industry Transformation
BC Adds Jobs
Vancouver Economy Showing Strength
Venture Kamloops - Business Corral
Report from the Field - McBride, BC. What does an EDO do?
New EDO's in Northwest BC
Seven "P"s of Corporate Site Selection
Partner Profile - SIDIT
Upcoming Events
Growth in Business Incubators
Job Postings
Westin Bayshore - EDABC Exclusive
Advertising Opportunity


PARTNER PROFILE
SIDIT 
The Southern Interior Development Initiative Trust (SIDIT) came into being in 2006 as a result of legislation promulgated by the Province in 2005.
 
SIDIT's mandate is to invest in self-sustaining projects covering ten areas of the economy. These areas include Agriculture, Economic Development, Energy, Forestry, Mining, Olympic Opportunities, Pine Beetle Recovery, Small Business Transportation and tourism. 
 
Read more on SIDIT an important partner of EDABC by click here..


Upcoming Events

Sept 18 - Sept 21, 2010 
 Quebec City, Quebec
 

IEDC Annual Conference

Sept 26-29, 2010
Columbus, Ohio
 

January 2011

  

 EDABC Annual Conference 
June 5-7, 2011
Langley, BC
Linx BC 
Western Canada Hotel and Resort Investment Conference

October 18-19, 2010 
Vancouver, BC

 

Linx BC

 Site Selector Familiarization Roundtables

Vancouver, BC 
October 20, 2010


Growth in Business Incubators

 

The number of new business incubators in the U.S. has grown at an annual rate of 8% to 10% for the past five years, according to the National Business Incubation Association (NBIA).
 

The association cites the recession, high unemployment and lack of credit for start-up businesses as factors for the growth of new incubators. While most incubators are typically funded by economic development groups, government and academic institutions, some are being established by early stage investors. Dogpatch Labs was founded by

Polaris Venture Partners, a venture capital firm, and has facilities in Waltham MA, New York City and San Francisco CA. The average stay for a start-up firm is three years and 90% survive for at least seven years after they leave an incubator.

How about BC?  Are you thinking of one for your community?  If so let us know - we would like to hear. info@edabc.com


Job Postings

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

 

Current postings include:

 
Executive Director, CFDC Thompson Country
 and 

Senior Consultant and Associate Consultant - Millier Dickenson Blais


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

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 The Pulse is circulated to almost every BC community.  The readers in those communities
are the primary contacts for reaching BC's businesses.  In addition, the newsletter reaches staff from senior levels of Government, private developers, real estate agents, consultants and more. 
Advertising opportunities are available at reasonable costs - contact info@edabc.com for more details. 

Economic Development Association of British Columbia