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Advisory Forum June 2011 - Enterprise Fredericton
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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.
  • Transcript

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

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