September 2013

 
EDABC
ECONOMIC NEWSLETTER
 
Greetings!
 

Trust: reliance on the integrity, strength, ability, surety, etc., of a person or thing; confidence.

 

Partnership - a cooperative relationship between people or groups who agree to share responsibility for achieving some specific goal; "effective language learning is a partnership between school, teacher and student"; "the action teams worked in partnership with the government"

 

"Trust" and "Partnership" are two important words that we at EDABC believe in.  On many occasions we have decided to put trust in others and share our plans and initiatives to develop strategic partnerships for the mutual benefit of EDABC, our partners, and most importantly our members and local governments.  A good example of that is the training of local leaders. 

 

Trust and partnerships are a critical part of your economic success in any sized community.  We hope that is what you are practicing on a regular basis. 

 

This summer has been interesting - two new grandkids and for the first time in three years I took a holiday with only a little bit of work added in.  My wife and I were fortunate to be able to see part of BC that we have never seen before - the Sunshine Coast.  My interest in this trip all resulted from my short visit to Gibson when we did the local leaders training.  What an amazing place and amazing people.  We then toured down the island and took the Washington State Ferry down to Annacortes and finally returned home.  We really do live in the nicest part of the world.  I can never travel though without witnessing some amazing initiatives that communities are pursuing.  Every community we visited is demonstrating a true sign of community spirit, and I am so glad to see that "every small step" does count.  I now look forward to visiting other communities and areas we visited as part of the training. 

 

While I was away one of my colleagues raised an interesting point about the TV Show "Under the Dome."  It is a great story on Economic Development and the importance of building sustainability into what you are doing from an economic development perspective.  I think it also demonstrates the need for communities to develop Economic Recovery Plans (These are different from an Economic Development Strategy, but should be included in those as well).  What will "Chester's Mill" do once the Dome comes down (if it does - never read the book)?  How will they regain investor and business confidence?  These will all need to be answered (maybe a spin-off series - I hope no one steals my idea).

 

As summer comes to a close and the kids return back to school, I remind you to drive carefully in school zones (and everywhere else of course) and while you are at it, stop in and see if perhaps a partnership opportunity exists.  These kids are your communities' future.

 

Have a great September.

 

Dale Wheeldon
President and CEO
EDABC

 
UPCOMING EVENTS
THE ART OF BRANDING

September 27, 2013
8:30am Pacific*

Webinar

  

"Branding" is the keyword of the decade, but what does it really mean? Most people don't understand what a brand really is or how to actually build one. This presentation demystifies and explains the process of branding for umbrella organizations (multiple communities), cities, downtowns, and marketing professionals. Through case histories, dozens of photos, and humorous stories, attendees will learn what it takes to create a successful brand, how to make it obvious, and how that translates to cash.  

 

Click here to register

WESTERN ECONOMIC DEVELOPMENT COURSE

November  3 - 6, 2013

Richmond, BC

Sheraton Vancouver Airport Hotel

  

The annual Western Economic Development Course is the premier event offering intensive training in the basic concepts, methods, and strategies of local economic development.  A diverse and experienced faculty provides an excellent blend of theory and practice.  Course content is oriented toward practical application.   

 

Click here to register

INITIATIVE SPOTLIGHT
BUSINESS WALK PROJECT
COEDC

The Business Walk pilot project offered an excellent opportunity to listen to the local business community, identifying common themes for action while bringing together educational resources, municipal services and representatives of the business community for specific action plans. 

 LOGAN LAKE REVITALIZATION TAX EXEMPTION PROGRAM

Logan Lake

The Logan Lake Revitalization Tax Exemption Program (RTEP) provides access to tax exemptions and early benefit payments in lieu of tax exemptions to businesses in Logan Lake. This program is intended to stimulate growth and development in commercial and industrial areas of town. Development in these areas has been relatively stagnant and needs new investment to allow the Logan Lake economy to grow in size and health. This program will encourage investment primarily by existing land and business owners that will create new commercial and industrial space, improve existing commercial and industrial buildings, and increase  the esthetic appeal of Logan Lake's commercial core. 
Fall
EDABC IS ON THE MOVE!
We will be moving offices Friday, September 6th, and ask that you bear with us as it may take a few days to get back up to speed. We appreciate your patience and we will get back to you as soon as possible. 
YOU HAVE THEM - WE WANT THEM

All across British Columbia, Economic Developers and others have completed some amazing projects that have helped local economies.  EDABC is developing a "British Columbia Best Practices in Economic Development" manual and we want you to share your story and be profiled for the great work you and your community/region have done. Please send us your story (preferably around 750 words or less but use what you need) and we will include it.  Send photos if you have them.     These best practices can be anything that you have been involved in that has made a difference in your community, including: 

  • Business Retention and Expansion
  • Business Attraction
  • Strategic Planning
  • Regional Partnerships
  • Workforce Development
  • Community and Regional Events
  • Investment Readiness 
  • and more

We do reserve the right to edit content in order to fit it in the publication.  If that is necessary we will send a final edited version to you though for approval.

BC HYDRO'S INTEGRATED RESOURCE PLAN

BC Hydro has been a generous partner to EDABC over the years offering support towards events such as the 2013 BC Economic Summit. 

 

The Integrated Resource Plan will establish BC Hydro's plan for conservation and acquiring generation and transmission to meet future electricity needs.  

 

 Click here for a BC Hydro Outlook and click here for more information

FallBC
BUSINESS RETENTION TRAINING AT THE LOCAL LEVEL
Running an effective Business Retention and Expansion Program is a critical part of your local economic development program.  Perhaps even more critical is the training for you, your team and your partners.  EDABC is now offering Business Counts communities (and others) training packages designed to fit your needs.  You get two trainers that will provide a brief overview of what BRE really is, followed by an overview of the program, then one on one interview training.  Identifying partners, red flags, follow ups, data entry, and more.  We have one day or one week options available. You also have the option of considering a more in depth program with training, conducting a set number of interviews over a period of time, reporting and recommendations. Call or email for pricing and details.  
 

"Community Futures Peace Liard contracted EDABC to assist in the launch of the BRE Program in Dawson Creek. It was a great way to bring our key interviewers together to learn how to get the best results from our business interviews as well as understanding BC BusinessCounts and the end goal we are trying to obtain."  Sue Kenny, General Manager

 

 "The BRE training provided here brought all of our local business organizations together to formalize a coordinated and educated support network for our local business community. It is an essential first step for a successful BRE program." Dan McRae, District of Squamish

NEW PARTNERSHIP: THE CANADIAN INSTITUTE

For over 25 years, events produced by The Canadian Institute have provided the business intelligence that Canadian decision-makers need to respond to challenges here at home, and around the world. A unique organization, The Canadian Institute is staffed by industry specialists, lawyers and other professionals. The Canadian Institute operates as a think tank, monitoring trends and developments in all major industry sectors, the law, and public policy, with a view to providing information on the leading edge.The Canadian Institute has grown to produce over 200 events a year, attended by thousands of senior delegates from across the country.

 

Click here to visit their website

"The leading professional association of economic development practitioners in the Province of BC"
 

 

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