Greater Halifax Partnership: A Catalyst for Economic Growth
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Transcript of Greater Halifax Partnership: A Catalyst for Economic Growth
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GREATER HALIFAX PARTNERSHIP
November 2010
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MISSION
The Greater Halifax Partnership works to…
Keep and grow business
Attract new investment
Strengthen our community
. . . to create economic growth and prosperity for Greater Halifax
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WHO WE ARE
Catalyst for economic growth and confidence for
Greater Halifax
Focus on our businesses, our people, our community
Committed to innovation, shifting attitudes,
partnership & creating alignment
Unique public/private business model is innovative
and effective
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WHAT WE DO…
Provide deep Insight into the city’s emerging trends and changing needs because of unparalleled partner commitment
Stay one step ahead of opportunities and issues
Mobilize resources to accelerate the economic growth of Greater Halifax
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OUR SERVICES
PartnershipsSmart-Business –
Business Retention & Expansion
Marketing
Research, Competitive
Intelligence and Strategic Advice
Investment Attraction
Investor Relations
Community Economic Development
Labour Market Development -
Talent
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SMART BUSINESS
WHAT? • The Greater Halifax Partnership’s business retention and
expansion initiative
WHY? • To work with employers to overcome challenges and seize
opportunities while establishing the most competitive business climate in Canada
HOW?• Account Executives go face to face with CEOs and Local
Managers• Real-time problem solving• Constant business climate improvement
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SMART BUSINESS STATS TO DATE
Results since 2004:
•1,900 + consultations with businesses,
•1,100 + referrals to action team
•90% + closed referral files
•5,000 + jobs created or retained
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SMART BUSINESS REFERRALS APR 1 2009 TO MARCH 31, 2010
Expanding a business
19%
Exporting5%
Financial assis-tance15%
Greater Halifax Partnership
5%
Immigration17%
Municipal assistance
3%
Networking opportunities
7%
Product or technology
development4%
Recruitment and Retention
2%
Tax Minimiza-tion Strategies
3%
Workforce development
16%
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MARKETING
• The Partnership develops and executes a variety of campaigns intended to enhance the Greater Halifax business climate and community.• Campaigns cover a wide range of business issues including:
- Labour Development: immigration, youth, and talent, - Investment development- Business Confidence - Economic Development
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RESEARCH & COMPETITIVE INTELLIGENCE
• The Partnership leverages investment to research a wide variety of subjects that impact the success of doing business in Halifax. Our in-house experts synthesize economic data from leading sources and deliver it in understandable and relevant terms.
• Research from the Greater Halifax Partnership includes:
1. Challenging Myths Around Attitudes Towards Growth and Development 2. Halifax Handprint - Attracting and Retaining Young Talent to Greater Halifax3. Halifax's Finance and Insurance Industry: Our Opportunity 4. Best Practices in Employee Attraction, Recruitment and Retention in
Manufacturing - Working Guide
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INVESTMENT ATTRACTION
• The Greater Halifax Partnership works with businesses and government to create a climate that encourages business to flourish.
• The Partnership has been pivotal in creating projects that create optimal and attractive business conditions:
1. Halifax Gateway Initiative2. Growth is Good initiative3. Hub Cities Strategy4. Economic Strategy5. Talent Strategy
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INVESTOR RELATIONS
• Our Investors make the partnership, and without them we couldn’t do the work that we do.
• We work to secure the ongoing support & involvement of the private and public sector
• The Partnership offers a range of investor benefits including:
Access to information and research; Enhanced profile and exposure Involvement in a wide array of related networking opportunities
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COMMUNITY ECONOMIC DEVELOPMENT
• We realize that the best chance for a great future is to ensure that the entire community has what it needs to grow.
We have partnered with African Nova Scotia representatives to create programs and campaigns to engage the community. One such initiative is Ujamaa which aims to:
Foster of strong sense of unity of action and a focal point on ANS issues in Nova Scotia
Achieve commitments for significant new sources of
long term funding focused on ANS priorities
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LABOUR FORCE DEVELOPMENT
• We’re helping employers understand the huge gaps in talent availability and the need to address their human resources attraction and retention practices.
• Our aim is to make Greater Halifax the global city of choice for workers – for those who live here and those who would like to.
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LABOUR MARKET DEVELOPMENT: TALENT
• Our aim is to make Greater Halifax the global city of choice for workers – for those who live here and those who would like to.
• In response to the pending labour shortage, we created the Greater Halifax Talent Strategy
ImmigrantsYoung & Emerging ProfessionalsPriority YouthANS Community
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GOVERNANCE
The Greater Halifax Partnership is:
•A Public/Private organization•Governed by an independent Board of Directors18 membersRepresenting the private and public sectorMore public than privateServices contract with the municipality
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BOARD OF DIRECTORS
13 voting members: 6 representing investors 5 representing the Community-at-large 2 representing HRM Council
5 Ex-Officio members: HRM Mayor CAO HRM Rear Admiral of Maritime Forces Atlantic Deputy Minister, NS Department of Economic and Rural Development Vice President, Nova Scotia for ACOA
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GREATER HALIFAX PARTNERSHIP & HRM
Five Year Services Agreement With
HRM
Align Business Planning with HRM
Joint Management Team
Representation
Joint Initiatives (Business Parks, Gateway,
Immigration, Economic Forecasting)
HRM Represented on Partnership Board
Mayor, CAO, & 2 Councillors
Monthly Meetings with Office of the
CAO
Annual Report to Mayor & Council &
Issue Specific Presentations
Annual Report to the Community
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IMPLEMENTING HRM’S ECONOMIC STRATEGY
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ECONOMIC STRATEGY GOALS
SUPERCHARGE OUR LABOUR FORCE
LEVERAGE OUR
CREATIVE COMMUNIT
Y
CREATE A GUNG-HO BUSINESS CLIMATE
CAPITALIZE ON OUR
REPUTATION
CONVERT RIVALRIES
INTO PARTNERSHI
P
5 GOALS, 94 ACTIONS, 30 OUTCOME MEASURES
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ECONOMIC STRATEGY GOVERNANCE FRAMEWORK
Mayor & Halifax Regional Council• Owner
Halifax Chamber of Commerce
• Scorekeeper
Economic Strategy
Committee• Oversees
Alignment and Implementation
>50 Organizations• Delivering 94
Actions
Strategies For Success – HRM’s Five Year Economic Strategy
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PUBLIC ACCOUNTABILITY – HALIFAX CHAMBER OF COMMERCE’S ANNUAL SCORECARD
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PARTNERSHIPS AND ACCOUNTABILITY
•5 year services agreement
Halifax Regional Municipality
•Annual scorecard measures economic strategy outcome targets
Halifax Chamber of Commerce
•90%+ renewal each year
150 Private Sector Investors
•Mid year and annual reviews
Federal and Provincial Governments
•Balanced scorecard
Partnership Board of Directors
•Audited financial statements
External auditors
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1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 20090
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
$505,019
$6,179,054
$13,804,039
PRIVATE INVESTMENT 1996 TO 2009
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25
2009-10 Budget (Revenue)
$3,941,964$4,006,964
THE PARTNERSHIP’S 2009-10 BUDGET
9%
12%39%
16%24%
Leverage Our Creative CommunityCreate a Gung Ho Business ClimateCapitalize On Our ReputationConvert Rivalries into PartnershipsSupercharge Our Labour Force
4%4%
33%24%
35%
Province - CoreACOA - CorePrivate SectorProjectsHRM - Core
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1998 1999 2000 2001 2002 2003 2004 2005 2006 2008 2009 2010 -
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
5,000,000
Public Sector Investment Private Sector Investment Project FundingOther Revenue and Cost Sharing Cash Investment
TOTAL REVENUE SOURCE 1998 TO 2010