Advisory Forum June 2011 - Enterprise Fredericton


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  • Each year Enterprise Fredericton presents the Economic Development Champion Award. This award recognizes an individual or organization in our community that has made a significant contribution to the economic development of our Region. Our 2011 recipient of the Champion Award is the University of New Brunswick’s Office of Research Services.
  • UNB’s Office of Research Services is an integral part of the growth in our business community. Over the past 10 years, the Office of Research Services has assisted in the creation of 17 UNB spin-off companies who have raised over $60 million in venture capital investments. Some of the successful spin off companies from the Research Office include: Q1 Labs Green Imaging TechnologyInversa TechnologyKnowChargeSmartSkin Technology And many more…UNB’s Office of Research Services helps promote and facilitate partnerships between UNB and other research organizations and handle the transfer of knowledge and technology to industry and other users, while maintaining high ethical standards and financial accountability in research.For this we would like to acknowledge all the hard work accomplished by Dr Greg Kealey and his team as an economic development leader in our community.
  • Advisory Forum June 2011 - Enterprise Fredericton

    1. 1. The Economic Landscape in the<br />Greater Fredericton Region<br />Long Term Sustainable Investment<br />Enterprise Fredericton Community Advisory Forum <br />June 21, 2011<br />
    2. 2. Enterprise FrederictonEconomic DevelopmentCHAMPIONAward<br />
    3. 3. Enterprise Fredericton<br />Economic Development<br />CHAMPION<br />UNB - Office of Research Services<br />
    4. 4. Population Growth Community Based Advisory Board<br />Business Accelerator <br />Center<br />Strategic Partnership Model<br />Business Competitiveness <br />Initiatives<br />Investment Client Site Visit<br />“Tiger Teams” <br /><br />Targeted Investment <br />Strategy<br />Win/Lose Report Card<br />Workforce & Skills<br />Development Strategy<br />Retention Strategy<br />Repatriation Strategy<br />Immigration Strategy<br />Online Résumé & Job <br />Posting Tool<br />Knowledge Park<br />Community Outreach<br />Business Counselling<br />Skills Development<br />Youth Entrepreneurship<br />Commercialization <br />Acceleration<br />Priority Sector <br />Competitiveness<br />
    5. 5. Enterprise Fredericton is…<br />Your community economic development agency focused on strengthening the greater Fredericton region by supporting business growth initiatives, training and skills development, community capacity building, population growth initiatives and foreign investment strategies & activities. (2010 – 11 info shown below)<br />9 full-time; 3 part-time staff. <br /> Hosted 84 local events - 3,326 business people attended. <br /> 811 business counseling sessions - 293 business opportunities.<br /> YEDI Programs engaged 2,555 potential entrepreneurs. <br />182 Government Program projects investing $ 22,195,897<br /> KITF Golf participants donated $9,500 to a local charity<br /> 563 new landed immigrants in 2010<br />
    6. 6. Population Growth in Greater Fredericton Region<br />Total = 8,600 Additional People Age 15 + <br />
    7. 7. Workforce Growth in the Greater Fredericton Region<br />Total = 12,400 New Entrants into the Workforce<br />
    8. 8. Employment Growth in the Greater Fredericton Region<br />Total = 12,400 New Jobs Created in GFR<br />
    9. 9. Employment Base of Rural Areas on the Decline<br />Labour force (thousands)<br />* Halifax, St. John’s, Charlottetown, Moncton, Saint John, Fredericton<br />Source: Statistics Canada, APEC<br />
    10. 10. Employment in Atlantic Cities Matches or Exceeds National Pace<br />Employment Growth by Economic Region, 2005-2010 (%)<br />Fredericton = 11.3%<br />Atlantic Canada = 2.7%<br />Canada = 5.7%<br />Source: Statistics Canada/APEC<br />
    11. 11. Average Household Income - Greater Fredericton Region<br />Source: FT Markets Survey<br />In 2002, Fredericton was 2% below the national average. <br />In 2011, Fredericton is now 7% below & the gap is widening. <br />
    12. 12. Average Per Capita Income - Greater Fredericton Region<br />Source: FT Markets Survey<br />In 2002, Fredericton was 1% above the national average. In 2011, Fredericton is 3% below. <br />
    13. 13. New Development $$$ in the City of Fredericton<br />Residential and Commercial Construction Numbers ($ Millions)<br />Total = $1.136 Billion in New Development<br />Source: City of Fredericton<br />
    14. 14. New Permanent Landed Immigrants in the GFR<br />Enterprise Fredericton initiated the PNP <br />In-trust account<br />Source: Citizenship and Immigration Canada<br />Total = 3,878 New Permanent Landed Immigrants in GFR<br />
    15. 15. Net New Registered Businesses in the GFR<br />Source: Royal Gazette 2000-2010<br />Total = 6,530 new net businesses created <br />
    16. 16. Tax Base Increases in the Greater Fredericton Region<br />Total Tax Base in the GFR ($Millions) <br />Source: GNB<br />2010 Total = $6.795 Billion Tax Base in the GFR<br />
    17. 17. Our Knowledge Park<br />Source: InPro, Stats Canada<br />Enterprise Fredericton is the sole shareholder of the Knowledge Park Inc.<br />In September 2011, at full capacity and with 5 buildings at 180,000 sq/ft, KP will have an annual impact of……. see chart above. <br />
    18. 18. Population Growth Strategy<br />Components…<br />Internationalization competencies and resources<br /> Multicultural awareness and education<br /> Immigrant identification, selection and recruitment <br /> Immigration welcoming and orientation<br /> Immigrant settlement and integration <br /> Business / employment resources <br /> Immigration / internationalization branding and marketing<br /> Immigration / internationalization strategic management and research<br /> Stakeholder-partner engagement<br />
    19. 19. Business Retention & Expansion (BR&E) Strategy<br />One-on-one business counseling session<br /> Encouraging the entrepreneurial spirit with youth and adults<br /> SEED Loan distribution for start-up businesses<br /> Business education and training<br /> Provide assistance with companies looking to relocate, expand or close<br /> Client outreach initiatives<br /> Coordination and collaboration with stakeholders <br />
    20. 20. Investment Attraction Strategy<br /> Industry focused strategy – Defence Industries <br /> Targeted sectors – ICT, Aerospace, Defence, Bio Sciences, R&D, etc.<br /> Commercial real estate site promotion <br /> Supporting networks & organizations (NBADA, TTNB, etc.)<br />Assisting with investment requests (site location & planning) <br /> Some of our Community’s successes…<br />
    21. 21.
    22. 22. Enterprise Fredericton Hosted Events<br />
    23. 23. Looking Forward…<br />Population Growth & Workforce Development<br /> - Youth Engagement<br /> - Retention, Repatriation, Immigration<br />- Immigration Coordinator Position<br /> - University & College Enrolments <br />Focused Investment Attraction Strategy<br /> - Community & Business Engagement and Awareness<br /> - Facilitate and Align Resources and Opportunities<br /> - Business Directory, Capabilities & Company Profiles <br />Business Retention and Expansion<br /> - Productivity and Competitiveness Initiatives<br /> - Economic Gardening – High Growth Potential Companies <br /> - BR&E – business outreach site visits<br />Innovation & Commercialization <br />- CEALT<br /> - Innovation Support (Winning Ways, etc.) <br /> - Business Accelerator Centre<br /> - Knowledge Park Inc. <br />
    24. 24. 2011-12 Enterprise Fredericton Board Initiatives<br /> Community Growth Strategy<br /> engage community in review and updating <br /> Board Governance Review <br />review and update By-laws, corporate governance handbook, committees, policies, etc. <br />
    25. 25. Your Enterprise Fredericton Team<br />
    26. 26. Your Enterprise Fredericton Board of Directors<br />Susanne Alexander, Chair Goose Lane Editions<br /> Allison McCarthy, Vice-Chair Stewart McKelvey<br /> Kevin Kilbride, Past-ChairThermaRay<br /> John Argall, Secretary / TreasurerBioAtlantech<br /> Mark Wies Communications NB<br /> Bob Skillen University of New Brunswick<br /> Gerald Pelkey ACER Environmental Services Ltd.<br /> Heather-Anne MacLean NB Power<br /> Annette ComeauLearnSphere<br /> Al Carson Ambir<br /> Trevor Cookson Accreon<br /> Mike Oliver Atlantic Hydrogen<br />Alex Scholten Convenience Stores Association of Canada <br /> Dan Keenan Zone 3, Horizon Health Network <br /> Paul Leger<br />
    27. 27. An now we would like your input…<br />What do you see as opportunities for economic growth in the <br /> Greater Fredericton Region? <br /> What do you see as challenges to economic growth in the Greater <br />Fredericton Region?<br /> Please offer any advice or suggestions that would make our <br /> community an even better place for retaining and attracting <br /> business. <br />