Business Retention and Expansion Overview and CFDCs
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Transcript of Business Retention and Expansion Overview and CFDCs
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Ontario Association of Community Future Development Corporations Annual Conference
September 2015
CFDC's Involvement in Business Retention + Expansion
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Sessions Objectives• Provide an overview of the revised
Business Retention and Expansion Program (BR+E)
• Share lessons learned and successes from recent CFDC BR+E projects
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Please raise your hand if you have been involved in a Business
Retention and Expansion project in your community?
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Please write down your answer to the following question on the
sticky note provided:
What are the first words that come to mind when you think about
business retention and expansion?
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What do you feel are the benefits of Business retention and expansion?
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Regional Economic Development Branch
Core Purpose: • To develop and deliver leading edge
economic development resources that support a thriving rural Ontario.
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a Proven Economic Development Process
The BR+E program was introduced in 1998
Since 2009, over 3,100 businesses have been interviewed as part of 73 BR+E projects
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2013 Review Process
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Collect &
Analyze
Develop Plans & Priorities
Implement &
Monitor
Modify
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Review Findings
Successes to Build on:
• Acting on Results• Monitoring
outcomes of their action plans
• Training• Staff support
Challenges to Address:
• Survey• Database system• Data Analysis &
Reporting
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If economic development strategies were a family, business retention and expansion (BRE) would be the hardworking, reliable, but largely unrecognized often overlooked sibling…Janet AdyEconomic Development and Site Selection Consultant
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What is ? An action-oriented and community-based
approach to business and economic development
Focuses on nurturing existing businesses
Helps communities to prioritize their efforts
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What is ? Trained volunteers to conduct confidential interviews
Data analysis and action planning to address issues and opportunities
Ideally, it is incorporated into the community’s ongoing economic development strategy
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Why undertake a ?
Existing businesses create more jobs 74% - 90% of new jobs Investment attraction is expensive and difficult
due to high volume of competition
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Existing businesses are already invested in the community Existing businesses have a stake Easier and less expensive for communities
to retain than to attract
Why undertake a ?
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Why undertake a ?
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Existing businesses can be ambassadors for the community Can support business attraction efforts Existing and growing businesses may be
targets of other communities’ recruitment efforts so it is important that they feel supported
“A community’s best companies are your competitor’s best prospects” Eric Canada
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Why undertake a ?
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Can provide an early warning system Assists communities in being proactive
rather than reactiveImproves the community’s self-awareness
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A Four Stage Process
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STAGE I PREPARATION
STAGE IICOLLECT DATA& ANALYZE
STAGE IV IMPLEMENT & MONITOR
STAGE IIIDEVELOP GOALS& ACTION PLANS
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CFDC’s Recent Involvement in BR+E
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CFDC’s involvement with BR+E
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Chukuni Community Development Corporation
Supports Ear Falls, Red Lake and the surrounding area.Project Overview• Two separate projects• Ear Falls project
completed in June 2015, 25 businesses interviewed
• Final report submitted to Township
• Red Lake project underway, 28 businesses interviewed
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Greenstone Economic Development Corporation
Serves the municipality of Greenstone (one of the largest in Canada).Project Overview• May 2013-April 2014• All sectors interviewed• Stakeholder committee
with 17 representatives
• 49 businesses interviewed
• Final report had 59 recommendations
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Wellington-Waterloo CFDCServes the rural townships of Waterloo regional and the County of Wellington (excluding Wellington North and Minto)Project Overview• 7 municipalities• 4 targeted sectors
(Agriculture, Manufacturing, Healthcare and Creative Econ)
• Project leadership team County ED group host by CFDC
• 280 Businesses interviewed
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Why did you become involved in BR+E
What was your role
WWCFDC • 2007 Strategic plan found business in the community were not engaged
• The County of Wellington lead the project. CFDC provided funding and people
Greenstone EDC
• GEDC first conducted BR+E in 2003
• BR+E began in 2013 as business climate has changed greater
• GEDC lead the project
Chukuni CDC • CCDC completed BR+E projects for Red Lake and Ear Falls in 2003. It was time to update
• CCDC hire by Ear Falls to complete the project
• CCDC completing the Red Lake project without financial assistance
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Challenges/ Lessons learned
WWCFDC • Coordinating seven member municipalities to meet timelines (they were responsible for interviewing)
• Communication during the project was at times a challenge
Greenstone EDC • Coordinator was not local so people were more apt to divulge information
• Sector specific surveys posed a challenge with too small sample sizes to release information
Chukuni CDC • The areas is quite small so very difficult to find volunteers
• Had funding for an Intern but were unable to fill it
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SOUTH SIMCOE
BUSINESS RETENTION AND EXPANSION PROJECT
M A N U F A C T U R I N G S E C T O R
A W I N / W I N P R O P O S I T I O N
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THE BR+E EXPERIENCE
South Simcoe One Region Five MunicipalitiesManufacturing Sector
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HISTORICALLY SPEAKING
Since 1998, Nottawasaga Futures has engaged in eight BR&E projects for the five municipalities that make up South Simcoe.
Participation results:Over 300 businesses surveyed195 participants involved in 8 Task ForcesOver 350 volunteers
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HISTORICALLY SPEAKING
96% of the businesses surveyed had either Red Flag issues or requests for information or support
As a result of the follow up on these issues, invaluable connections were made between the community and local business
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MANUFACTURING SECTOR OVERVIEW
In 2014, the Manufacturing sector accounted for 18.8% of all jobs in South Simcoe, making it the largest employment sector in the region.
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THE BR+E EXPERIENCE
128 businesses were selected as a representative sample for the region.
45 businesses agreed to participate in the survey.
The South Simcoe Manufacturing Sector
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PARTICIPANTS BY MUNICIPALITY
Adjala-Tosorontio13%
Bradford West Gwillimbury24%
Township of Essa4%
Town of Innisfil20%
Town of New Tecumseth 39%
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THE PROCESS
Letters were sent to all manufacturing businesses introducing the South Simcoe Manufacturing BR+E
Letters were followed up with telephone calls and emails
Members of the task force conducted interviews partnered with a certified BR+E consultant from Nottawasaga Futures
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THE PROCESS
Red Flag issues were directed to a designated “point person” identified by each municipality
Requests for information were facilitated by the Nottawasaga Futures Business Excellence Resource Centre
Municipal staff and industry experts were consulted as required
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CHALLENGES AND LESSONS LEARNED
Struggles with uptake – Innisfil Project
Paper mail vs email
Importance of a good data base
Benefit of involving municipality, added credibility
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INTERNET RELATED BARRIERS
One of the issues at the forefront of businesses concern across South Simcoe was that of poor internet services.
¾ of respondents indicated that they are facing technology barriers from either internet access, internet cost or internet speed.
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SUCCESSFUL OUTCOMES
Regional roundtable event hosted by the County of Simcoe to discuss collaboration on regional issues
Collaborative municipal workshops developed to address survey requests
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THANK YOU
Ontario Ministry of Agriculture ,Food and Rural Affairs
The County of Simcoe The Township of Adjala-Tosorontio The Town of Bradford West GwillimburyThe Township of Essa The Town of Innisfil The Town of New Tecumseth
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Do you have any suggestions/tips on how
these challenges could be addressed?
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Proud aspects of the project
Successes
WWCFDC • Brought the seven municipalities together
• County approved a $175,000 Implementation Fund for the municipalities
• More open dialogue with the business community
• Issues identified• Hydro outage issues• Business unaware of
services• Need to market the
county as a whole• New online business
directory• Business resource breakfast
Greenstone EDC
• 49 of 182 businesses surveyed
• Report supported local strategic planning and highlighted at Community Leaders Luncheon
• 13 businesses were planning to expand
• Succession Planning Workshop
• 2014 Grow Greenstone presentation
• New Tourism strategy being undertaken by municipality (encompasses many recommendations
• Continuous tracking of recommendation by GEDC
Chukuni CDC
• Too early on in the project
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Is rightfor your Community?
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New Seven Community Assessment Questions
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Resources and Support
Coordinator’s Manual Business Surveys Executive Pulse System Provincial BR+E Survey Results Coordinator Training Provincial Staff Advisors
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New Coordinator Manual
Step-by-step process with a greater emphasis on:• Project design • Performance measures• Data analysis • Priority setting
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BR+E Survey Review
Question review principles:
• Assist with strategic planning
• Identify specific business growth or retention opportunities
• Provide general business information
Number of questions in the retention survey
2008 20150
20
40
60
80
100
120 110
66
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A Comprehensive Survey
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Business Information
Business Climate
Future Plans
Business Development
Workforce
Community Development
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Optional Sector Surveys
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Tourism
Manufacturing
Agriculture
Downtown Revitalization/ RetailLocal Food
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Executive Pulse System
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Online Business Retention + Expansion data management system
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Provincial BR+E Survey Results -Business Climate
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N=3,121 N=3,072
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Coordinator TrainingUpdated two-part training program
• Part 1 – Preparing, Interviewing and Addressing Immediate opportunities and concerns (1.5 Days)
• November 25-26 Prince Edward County
• Part 2– Data Analysis, Reporting and Implementing (1 Day)
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Success Story: Northumberland
Regional Local Food BR+E project undertaken in 2012
Identified a need for value added food processing
2014-15 creation of a 15,000 sq. ft. facility. $1.1M investment
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Success Story: Northumberland
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For More Information Visit our website to
request a copy of the BR+E Coordinator’s Manual or to register for training http://ontario.ca/b34h
Talk to your Provincial Regional Advisor
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Questions
This presentation will be available at:www.onregionalecdev.com
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