Enterprise Fredericton Community Advisory Forum June 26, 2012

The Economic Landscape in theGreater Fredericton Region

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

- Taxes

Co-sponsored by the City of Fredericton and Enterprise Fredericton

Enterprise Fredericton is…

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)

Enterprise Fredericton (EF) has been a leader in the community for over 20 years focusing on a sustainable economic development agenda. Enterprise Fredericton focused on strengthening the Greater Fredericton Region by supporting business growth initiatives, training and skills development, community capacity building and population growth initiatives.

Investment Client Site Visit“Tiger Teams”

InvestFredericton.com

Targeted Investment Strategy

Workforce & SkillsDevelopment Strategy

Retention Strategy

Repatriation Strategy

Immigration Strategy

Business Competitiveness Initiatives

Strategic Partnership Model

Population Growth Community Based Advisory Board

Business Counseling

Business Skills Development

Youth Entrepreneurship

Commercialization Acceleration

Priority Sector Competitiveness/Productivity

Export Development

Innovative Culture

* EF board is currently reviewing the strategy (3 pillars)

Population Growth in Greater Fredericton Region

Total = 10,300 Additional People Age 15 + since 2000

Source: Statistics Canada

Workforce Growth in the Greater Fredericton Region

There has been a drop of 4.6% from 2011 to 2012 (3,500 people)

Source: Statistics Canada

Employment Growth in the Greater Fredericton Region

Employment decreased by 5.6% from 2011 to 2012 (3,900 jobs)Source: Statistics Canada

Employment in Atlantic Cities

Average Household Income - Greater Fredericton Region

Source: FT Markets Survey

In 2012, there has been a gain of +1% compared to the national average making it only 2% below.

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 $-

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000 Canada

Fredericton

New Brunswick

Average Per Capita Income - Greater Fredericton Region

Source: FT Markets Survey

In 2012, there has been a gain of +1% compared to the national average making it only 2% below.

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 $-

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000 CanadaFrederictonNew Brunswick

Source: City of Fredericton

Residential and Commercial Construction Numbers ($ Millions)

New Development $$$ in the City of Fredericton

11 Year Total = $1.252 Billion in New Development

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 $-

$20

$40

$60

$80

$100

$120

$140

$160

$180

$200

$115.6

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 20110

100

200

300

400

500

600

248263

206

159

195

312

486

409

544

493

563581

Enterprise Fredericton initiated the PNP In-trust account

Source: Citizenship and Immigration Canada

New Permanent Landed Immigrants in the GFR

11 Year Total = 4,459 New Permanent Landed Immigrants in GFR

Net New Registered Businesses in the GFR

Source: Royal Gazette 2000-2011

11 Year Total = 7,082 new net businesses created

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 20110

100

200

300

400

500

600

700

800

900

1000

531 552522

595626 612

661

589

662

567613

552

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 20110

1000

2000

3000

4000

5000

6000 $5,644

$947

$331

Fredericton

Oromocto

New Maryland

Tax Base Increases in the Greater Fredericton Region

Total Tax Base in the GFR ($Millions)

Source: GNB

2011 Year Total = $6.922 Billion Tax Base in the GFR

Our Knowledge Park

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

Knowledge 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

Population Growth Strategy

Multicultural awareness and education

Immigration welcoming and orientation

Immigrant settlement and integration

Business / employment resources

Stakeholder-partner engagement

Components that Enterprise Fredericton is Engaged in…

Business Retention & Expansion (BR&E) Strategy

One-on-one business counseling session

Encouraging the entrepreneurial spirit with youth and adults

SEED Loan program 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

Investment Attraction Strategy

Industry focused strategy – Defence Industries

Targeted sectors – ICT, Defence & Aerospace and Bio Sciences

Available commercial real estate site promotion

Supporting networks & organizations (NBADA, TTNB, etc.)

Assisting with investment requests (site location & planning)

2012 KPMG Competitive Alternatives study

Some of our Community’s successes…

Enterprise Fredericton Hosted Events

KIRA Awards

FRYPE

Business Basics

Cybersocial

KITF Golf

Business Buzz

Youth Entrepreneurship

Immigration Events/Support

420 attended

500+ Members

75 participants

Avg. 55 per session

Contributed $8,100

Building on leadership

Reaching out to 1,688 youth

BIMP Training

Looking Forward…

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

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

* The go forward plans are subject to refinement/revision as a result of ACOA’s funding decisions

2012-13 Enterprise Fredericton Board Initiatives

New Vision & Direction for the Greater Fredericton Region

New Economic Development

Model

Your Enterprise Fredericton Board of Directors

Allison McCarthyStewart McKelveyChair

Heather-Anne MacLeanRadian6Vice Chair

John ArgallBioAtlantechSecretary/Treasurer

Susanne AlexanderGoose Lane EditionsPast Chair

Kevin KilbrideTherma-Ray Inc.

Bob SkillenUniversity of New Brunswick

Annette ComeauLearnSphere

Al CarsonAmbir Solutions

Mike OliverAtlantic Hydrogen

Alex ScholtenCanadian Convenience Stores Association

Trevor CooksonAccreon

Paul LegerPartners Global

Dan KeenanZone 3, Horizon Health Network

Ian BairdMITACS Inc,

Your Enterprise Fredericton Team

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.