Business Cape Breton. Report Update

Transcription

1 Business Cape Breton Report Update November 30, 2015

2 OVERVIEW Business Cape Breton Organizational Goal Core Component Economic Development Private Sector Business Development New Initiatives

3 Organizational Goal Work diligently to align our efforts to support the endorsed strategic direction of our region creating prosperous growth for Cape Breton.

4 CORE COMPONENT ECONOMIC DEVELOPMENT Objectives: To promote and facilitate regional economic development goals of municipal units Provide regional leadership on targeted economic development initiatives Operate as connectors supporting business growth & retention (Island-wide)

5 BUSINESS DEVELOPMENT INITIATIVES COMPLETED Port Business - Marketing & Recruitment Support Talking Business and Biz at Breakfast Speaker Series - 8 per year Business Basics Training Program Island-Wide Procurement Workshop Explaining Municipal Procurement Process Building Contractors Workshop Municipal Permits/Building Regulations Weekly Business Officers Outreach Sessions (Island-Wide) Junior Achievement Pitch It! Event Featured on CBC Radio Participated in MGA Review

6 BUSINESS DEVELOPMENT INITIATIVES COMPLETED Participated in Middle River/Nyanza/Baddeck Inlet/Shore Rd./Big Baddeck Planning Session Think Cape Breton First Program Campaigns 2015 Island-Wide Women in Business Conference Business Cape Breton Column Cape Breton Post Elevate Magazine Business Promotion Start Up/Expansions Municipal Business Report Cape Breton Business Success Stories Island-Wide Dream it! Plan it! Start it! Radio Campaign

7 BUSINESS DEVELOPMENT INITIATIVES COMPLETED Development of Business Services Database FTZ (Foreign Trade Zone) Member Provincial Rail Committee CBRM Blossoming Project Indian Beach Improvement Project Ottawa/Halifax Cape Breton Day Munro Park Project Kraft Project Play Proposed Isle Madame Façade Project

8 BUSINESS DEVELOPMENT 2015 WOMEN IN BUSINESS Record number of nominations 118 (9 awards) Participants took part in all day information workshops Keynote speaker Laura Peck of McLoughlin Media Sold out Women in Business Gala Awards Dinner 192 attendees

9 BUSINESS DEVELOPMENT THINK CAPE BRETON FIRST New brand Buy-in from all municipal units on Cape Breton Island French version for francophone areas of Cape Breton Island in development

10 BUSINESS DEVELOPMENT THINK CAPE BRETON FIRST

11 BUSINESS DEVELOPMENT Small Business Development Program - April 1, 2013 to November 30, 2015 Breakdown Per County County Businesses Start Ups Expansions Projected Payroll Projected Job Potential Projected Value of Investment CBRM (12 completed) $3,492, $7,665,276 Inverness (Port Hawkesbury) 3 3 $98,750 4 $325,000 Richmond $315, $1,162,243 Victoria (1 completed) $805, $1,271,800 TOTALS (13 completed) $4,711, $10,424,319

12 Small Business Development Program April 1, 2013 to November 30, 2015 *Activities include: Engage in Business Plan Development, Productivity & Business Skills Training (including Advisory Services), & Entrepreneurial Awareness County CBRM 1,565 TOTAL # OF *ACTIVITIES ENGAGED VICTORIA 355 RICHMOND 88 INVERNESS (Port Hawkesbury) 154 Total 2,162

13 BUSINESS DEVELOPMENT FOREIGN TRADE ZONE What is a foreign trade zone? The term usually refers to a specific location within a country that is officially designated for eligibility for tariff and tax exemptions regarding the purchase or import of raw materials, components or finished goods. Such materials and goods can generally be stored, processed or assembled in the FTZ for re-export (in which case taxes and duties would not apply) or for entry into the domestic market (in which case taxes and duties would be deferred until the time of entry).

14 ECONOMIC DEVELOPMENT FOREIGN TRADE ZONE How is an FTZ Point Established? BCB has initiated a request on behalf of the CBRM working in partnership with the Sydney Port Team to establish an FTZ Point through their local Regional Development Agency (ACOA). The request proposal would be assessed against a broad set of considerations. Once established, BCB would act as a navigator working with ACOA and other provincial/federal agencies in assisting business access programs.

15 ECONOMIC DEVELOPMENT FOREIGN TRADE ZONE Program Main Benefit Duties Relief Program Upfront relief of duties Drawback Program Customs Bonded Warehouse Refunds duties for exported goods Defers/relieves duties and taxes Export Distribution Centre Program Upfront relief of GST/HST on certain imports and domestic purchases The Exporters of Processing Upfront relief of GST/HST on Services Program certain imports FTZ Marketing Program Attracts foreign direct investment

16 NEW INITIATIVES (To Be Implemented Dec. 1, 2015 March 31, 2016) Business Succession Planning Workshops Buying/Selling A Business Do s & Don ts Workshops Hosting in 4 Municipal Units Occupational Health & Safety Training Due Diligence Workshop Talking Business Feature John Nash, Breton Chartered Accountants Tax Tips For Small Business

17 NEW INITIATIVES (To Be Implemented Dec. 1, 2015 March 31, 2016) Chartered Professional Accountants of Canada Four Half Day Workshops Providing Accounting Expertise BCB Bulletin Board Entrepreneur apprenticeship program Cape Breton Regional Enterprise Network (CBREN)

18 REN Regional Enterprise Network Information REN provides: Regional economic leadership. Helps develop regional economic strategies. Supports business development. Brings all stakeholders together.

19 ORGANIZATIONAL STRUCTURE

20 Action Plan : Describes the services that both Business Cape Breton and the Cape Breton Partnership will implement as the CB REN delivery agencies.

21 How It Works The Cape Breton REN has engaged Business Cape Breton and the Cape Breton Partnership to deliver services outlined in its mandate. For more information on each organization, please visit their individual websites: BUSINESS CAPE BRETON CAPE BRETON PARTNERSHIP

22 REN SERVICES Business Cape Breton Aligning our initiatives to advance the Prosperity Framework and the REN model in creating prosperous growth for Cape Breton. Providing a collaborative, unified approach to economic development to revitalize the Cape Breton economy. Develop and deliver programs and projects which enable the citizens of Cape Breton to embrace economic change, motivate and stimulate a higher level of discussion and action regarding our economic challenges and demonstrate a cohesive approach to economic development on the island. Facilitating the successful creation, operation, growth and retention of business on Cape Breton Island. In cooperation with the Cape Breton Partnership, implement a Business Retention and Expansion Program for Cape Breton. Business Cape Breton/Cape Breton Partnership will work on behalf of the CB REN to advance regional investment capabilities. Encourage port related economic development and marketing for Cape Breton. Promote the Think Cape Breton First program island wide and on a continuous basis to nurture a culture of purchasing goods and services on island whenever possible.

23 REN SERVICES Cape Breton Partnership Advancing the municipal investment readiness action plans. Providing updated economic information and data including industry sector analysis. Supporting the delivery of the Prosperity Framework, Cape Breton Island and Mulgrave s Regional Economic Development Strategy. Collaborating with Business Cape Breton and other potential partners on projects that support business growth, new startups and the expansion of existing businesses. Implementing a Business Retention and Attraction program in concert with Business Cape Breton.

24 BENEFITS OF A REGIONAL ENTERPRISE NETWORK (REN): Regional Cooperation Clarity of Mandate Dollars and Cents Competitiveness Leverage Government Programs and Partnerships Increase Influence Access to Information