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Advisory Forum 2012

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Advisory Forum 2012

  1. 1. The Economic Landscape in the Greater Fredericton RegionEnterprise Fredericton Community Advisory Forum June 26, 2012
  2. 2. Fredericton was identified as the “One of the Top 2 Most Cost-Competitive Places to Do Business in North America” Key Cost Factors: - Labour Costs - Facility Costs - Transportation Costs - Utility Costs - TaxesCo-sponsored by the City of Fredericton and Enterprise Fredericton
  3. 3. Enterprise Fredericton is…Enterprise Fredericton (EF) has been a leader in the community for over 20 yearsfocusing on a sustainable economic development agenda. Enterprise Frederictonfocused on strengthening the Greater Fredericton Region by supporting businessgrowth initiatives, training and skills development, community capacity buildingand population growth initiatives. 10 full-time; 3 part-time staff Hosted 65 local events – 2,482 business people attended 721 business counseling sessions - 300 business opportunities identified Youth Entrepreneurship Development Initiative programs engaged 1,688 potential entrepreneurs FRYPE hosted 12 events with a growing group of 500+ members 129 Government Funding Program projects, investing $ 31,753,903 KITF Golf participants donated $8,100 the Oromocto Foodbank 581 new landed immigrants in 2011 (11 year total of 4,459)
  4. 4. Population Growth Business Competitiveness Strategic Partnership Community Based Initiatives Model Advisory Board Business Counseling Investment Client Site Visit Workforce & Skills Business Skills “Tiger Teams” Development Strategy Development InvestFredericton.com Retention Strategy Youth Entrepreneurship Targeted Investment Repatriation Strategy Commercialization Acceleration Strategy Immigration Strategy Priority Sector Competitiveness/ Productivity Export Development Innovative Culture* EF board is currently reviewing the strategy (3 pillars)
  5. 5. Source: Statistics CanadaTotal = 10,300 Additional People Age 15 + since 2000
  6. 6. Source: Statistics CanadaThere has been a drop of 4.6% from 2011 to 2012 (3,500 people)
  7. 7. Source: Statistics CanadaEmployment decreased by 5.6% from 2011 to 2012 (3,900 jobs)
  8. 8. $90,000 Canada$80,000 Fredericton$70,000 New Brunswick$60,000$50,000$40,000$30,000$20,000$10,000 $- 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Source: FT Markets Survey In 2012, there has been a gain of +1% compared to the national average making it only 2% below.
  9. 9. $35,000 Canada Fredericton$30,000 New Brunswick$25,000$20,000$15,000$10,000 $5,000 $- 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Source: FT Markets Survey In 2012, there has been a gain of +1% compared to the national average making it only 2% below.
  10. 10. Residential and Commercial Construction Numbers ($ Millions)$200$180$160$140 $115.6$120$100$80$60$40$20 $- 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 11 Year Total = $1.252 Billion in New Development Source: City of Fredericton
  11. 11. 600 581 563 544 486 493500 Enterprise Fredericton initiated the PNP 409400 In-trust account 312300 263 248 206 195200 159100 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Source: Citizenship and Immigration Canada 11 Year Total = 4,459 New Permanent Landed Immigrants in GFR
  12. 12. 1000 900 800 700 661 662 626 612 613 595 589 600 552 567 552 531 522 500 400 300 200 100 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Source: Royal Gazette 2000-2011 11 Year Total = 7,082 new net businesses created
  13. 13. Total Tax Base in the GFR ($Millions)6000 $5,644 Fredericton Oromocto5000 New Maryland400030002000 $9471000 $331 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Source: GNB 2011 Year Total = $6.922 Billion Tax Base in the GFR
  14. 14. Our Knowledge ParkKnowledge Park – Future Total Annual Impact (Buildings 1 – 5) Direct Indirect Total (NB)Jobs (FTE) 1,274 326 1,600Wages & Salaries ($Millions) $71.3 $9.5 $80.8Output ($M) $106.4 $30.8 $137.2Provincial Fiscal Impact ($M) $25.0 Source: InPro, Stats Canada Enterprise Fredericton is the sole shareholder of the Knowledge Park Inc. In 2011, the construction and occupancy of the 2 new buildings had the designation as business story of the year in the Daily Gleaner
  15. 15. Population Growth StrategyComponents that Enterprise Fredericton is Engaged in… Multicultural awareness and education Immigration welcoming and orientation Immigrant settlement and integration Business / employment resources Stakeholder-partner engagement
  16. 16. Business Retention & Expansion (BR&E) StrategyOne-on-one business counseling sessionEncouraging the entrepreneurial spirit with youth and adultsSEED Loan program for start-up businessesBusiness education and trainingProvide assistance with companies looking to relocate, expand or closeClient outreach initiativesCoordination and collaboration with stakeholders
  17. 17. Investment Attraction StrategyIndustry focused strategy – Defence IndustriesTargeted sectors – ICT, Defence & Aerospace and Bio SciencesAvailable commercial real estate site promotionSupporting networks & organizations (NBADA, TTNB, etc.)Assisting with investment requests (site location & planning)2012 KPMG Competitive Alternatives studySome of our Community’s successes…
  18. 18. Enterprise Fredericton Hosted Events KIRA Awards 420 attended Immigration FRYPE Events/Support BIMP Training 500+ Members Youth Business Basics EntrepreneurshipReaching out to 1,688 youth 75 participants Business Buzz Cybersocial Avg. 55 per session Building on leadership KITF Golf Contributed $8,100
  19. 19. Looking Forward… Business Retention and Expansion - Entrepreneurial Awareness Skills Development (schools, universities/colleges, existing entrepreneurs, etc.) - Entrepreneurship Celebration - Business Pulse - BR&E business outreach site visits - Productivity and Competitiveness Initiatives - Innovation Support: Knowledge Park Inc., Business Accelerator Centre - Commercialization - Export & Trade Population Growth & Workforce Development - Youth Engagement - University & College Enrolments - Retention, Repatriation, Immigration - Immigration Coordinator Position Investment Attraction - Community & Business Engagement and Awareness - Facilitate and Align Resources with Identified Opportunities - Business Directory, Capabilities & Company Profiles* The go forward plans are subject to refinement/revision as a result of ACOA’s funding decisions
  20. 20. 2012-13 Enterprise Fredericton Board Initiatives New Vision & Direction for the Greater Fredericton Region New Economic Development Model
  21. 21. Your Enterprise Fredericton Board of Directors Allison Kevin Kilbride Mike Oliver McCarthy Therma-Ray Inc. Atlantic Hydrogen Stewart McKelvey Chair Heather-Anne Bob Skillen Alex Scholten MacLean University of New Canadian Convenience Radian6 Brunswick Stores Association Vice Chair John Argall Annette Trevor Cookson BioAtlantech Accreon Comeau Secretary/Treasurer LearnSphere Susanne Alexander Al Carson Dan Keenan Zone 3, Horizon Health Goose Lane Editions Ambir Solutions Network Past Chair Ian Baird Paul Leger MITACS Inc, Partners Global
  22. 22. Your Enterprise Fredericton Team
  23. 23. We would like your input…What do you see as opportunities for economic growth in theGreater Fredericton Region?What do you see as challenges to economic growth in the GreaterFredericton Region?Please offer any advice or suggestions that would make ourcommunity an even better place for retaining and attractingbusiness.

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