EDCO's Regional Research Project


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Presentation to the Association of Municipalities of Ontario 2010 Conference on the Future of Economic Development

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EDCO's Regional Research Project

  1. 1. Preparing for the Future EDCO’s Regional Research Project Photo: James UK via Flickr
  2. 2. EDCO <ul><li>600 members </li></ul><ul><ul><li>Municipal, provincial, federal governments </li></ul></ul><ul><ul><li>Business associations </li></ul></ul><ul><ul><li>Tourism organizations </li></ul></ul><ul><ul><li>Workforce development organizations </li></ul></ul><ul><ul><li>Industrial, commercial realtors and land developers </li></ul></ul><ul><ul><li>Utilities </li></ul></ul>
  3. 3. Helping Members Become More Effective
  4. 4. Ontario’s Economy is in Transition An Economy in Transition
  5. 5. Your Role Your Role <ul><li>New strategies </li></ul><ul><li>A strong and diverse economy </li></ul>
  6. 6. New Economic Development Renewed Focus <ul><li>Business Retention and Expansion </li></ul><ul><ul><li>Corporate visitation </li></ul></ul><ul><ul><li>Workforce development </li></ul></ul><ul><ul><li>Buy local </li></ul></ul><ul><ul><li>Export development </li></ul></ul><ul><li>Resident Attraction and Retention </li></ul><ul><ul><li>Youth </li></ul></ul><ul><ul><li>Seniors </li></ul></ul><ul><ul><li>Newcomers </li></ul></ul>
  7. 7. New Economic Development Renewed Focus <ul><li>Tourism </li></ul><ul><ul><li>Marketing & Product Development </li></ul></ul><ul><li>Entrepreneurship </li></ul><ul><ul><li>Business start ups </li></ul></ul><ul><ul><li>2 nd Stage Entrepreneurs </li></ul></ul><ul><li>Richard Florida </li></ul><ul><ul><li>The Creative Class </li></ul></ul><ul><ul><li>Mega Regions </li></ul></ul>
  8. 8. Special Projects <ul><li>LETI 1 – Mock Site selection exercise & workshops </li></ul><ul><li>LETI 2 – Expanded site selection exercise, site visits, best practices workshops </li></ul><ul><li>Tourism Investment Readiness Workshops </li></ul><ul><li>LETI 3 – NEW Website best practices and evaluation </li></ul>
  9. 9. Outcome Building the skills and capacity of economic development practitioners Regional Research Project
  10. 10. Regional Research Project Goals <ul><li>Build awareness of analytical techniques </li></ul><ul><li>Build the skills of economic development practitioners </li></ul><ul><li>Share insights and best practices, tools and processes </li></ul><ul><li>Develop local and regional economic development strategies based on sound analysis </li></ul>
  11. 11. Regional Development? <ul><li>Preferred by Province </li></ul><ul><li>Stronger outcomes </li></ul><ul><li>Based on efficiencies and critical mass </li></ul>
  12. 12. Economies of Scale for Investment Attraction <ul><ul><li>Labour pool/commuter shed </li></ul></ul><ul><ul><li>Available land and buildings </li></ul></ul><ul><ul><li>Access to post secondary and training resources </li></ul></ul>
  13. 13. Economies of Scale for Strategic Development <ul><ul><li>Some centres are too small to justify their own strategy </li></ul></ul><ul><ul><li>Cost sharing </li></ul></ul><ul><ul><li>Statistics only available at regional level </li></ul></ul>
  14. 14. Regional Research Program <ul><li>2 year project </li></ul><ul><li>Supported by the Ministry of Agriculture Food & Rural Affairs </li></ul><ul><li>Focus on small urban and rural regions </li></ul>
  15. 15. Regional Research Program <ul><li>Tools for Regional Strategy Development </li></ul><ul><li>Innovation in Regional Economic Development </li></ul><ul><li>Skills for Strategic Planning - Training </li></ul>
  16. 16. Tools for Regional Strategy Development <ul><li>Build the case for regional collaboration </li></ul><ul><li>Best practices </li></ul><ul><li>Framework, process & toolkit for regional economic development </li></ul>
  17. 17. 2. Innovation in Regional Economic Development Body of Knowledge Other Research Regional Organizations Case Studies Best Practices <ul><li>Applied Research </li></ul><ul><ul><li>Identify </li></ul></ul><ul><ul><li>Coordinate </li></ul></ul><ul><ul><li>Approve </li></ul></ul><ul><ul><li>Administer </li></ul></ul>Delivery Models
  18. 18. Rural Research Priorities Wayne Caldwell, The Ontario Rural Council, University of Guelph, Queen’s Monieson Centre Source: www.waynecaldwell.ca/Projects/ruralresearch.html Rank Eastern Ontario Southwestern Ontario 1 Youth Retention Youth Retention 2 Skills Training/Education/Literacy Agriculture/Farm Revitalization 3 Labour Migration & Attraction Sustainable Economic Development 4 Infrastructure Transportation Improvement 5 Regional Strategies and Collaboration Economic Diversification 6 Economic Diversification Skills Training/Education/Literacy 7 Small Business Support Employment Opportunities 8 Strategic Planning and Implementation Healthcare Issues 9 Transportation Efficient, Cooperative Government 10 Efficient, Cooperative Government Infrastructure 11 Employment Opportunities Ageing Workforce/Population 12 Sustainable Economic Development Regional Strategies and Collaboration 13 AgeingWorkforce/Population Environmental Sustainability 14 Healthcare Issues Small Business Support 15 Tourism Poverty
  19. 19. Skills for Strategic Planning <ul><li>Community Economic Analysis </li></ul><ul><li>Strategic Planning </li></ul><ul><li>Training Delivery Models </li></ul>
  20. 20. Your Invitation <ul><li>Join in! </li></ul><ul><li>Conference, regional workshops, webinars </li></ul><ul><li>Include economic development in your Council orientation </li></ul>
  21. 22. It’s a new day in economic development
  22. 23. Contact <ul><li>Aileen Murray Ec.D. (F) </li></ul><ul><li>EDCO Past President </li></ul><ul><li>[email_address] </li></ul><ul><li>[email_address] </li></ul><ul><li>Heather Lalonde Ec.D. </li></ul><ul><li>EDCO Executive Director </li></ul><ul><li>[email_address] </li></ul>
  23. 24. <ul><li>Thank you </li></ul>