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2016-10-12 Growth Committee Agenda Packet , Chair , Chair Hachey Hachey August 22, 2016 Steve Carson, CEO Larry Steve Carson, CEO Larry /ƚƒƒƚƓ /ƚǒƓĭźƌ Stephen Lund, CEO Opportunities NB Presentation to Saint John Common Council Stephen Lund, CEO Opportunities NB tƩĻƭĻƓƷğƷźƚƓ Ʒƚ {ğźƓƷ WƚŷƓ Saint the partner contributions budget municipalities partners specific federal and provincial - corporate region 22 Project 25 John Who We Are The lead economic development organization for ESJ is funded by:City of Saint John is the largest municipal task force to wide - region ordinate the implementation - John recognized the need for enhanced model of Saint City governance True Growth 2.0 launched. Task Force recommends: The Enterprise Saint John coNew Increased private sector funding and engagementShared community goals True Growth 2.0 2012:regional collaboration to drive economic growth. The five municipal councils passed motions to appoint a develop a regional economic development plan 2013: Saint John Construction , , Revolution Strategy Beatteay Keith, J.D. Irving Riedle . Martins Mayor Betty Ann Chatterton StChristian Richard, general manager, Emera New BrunswickStephen Association Mary Gary Lawson, Lawson CreamerAndrew Oland, Moosehead BreweriesTerri Mark Sherman, Irving Oil Losier Board Clark Darling, Chair , Treasurer , Chair Westfield Mayor Grace - Chiasson Hachey Keir Regional Governance Regional Oversight Committee (ROC) Saint John Mayor Don Grand BayQuispamsis Mayor Gary Rothesay Mayor Nancy Grant Enterprise Saint John Larry Paulette Hicks, SecretaryMartin Dr. Mike Barry, Saint John Medical SocietyCharlie Harling, Bell AliantJack year review of True Growth - , Business Innovation, University of New Doiron David Campbell, Chief Economist, Government of New BrunswickDaniel Brunswick Saint JohnBig Data industry task forceDeloitte Energy Opportunities reportCity of Saint John Four Agency Review 2.0 in collaboration with: 2015: Review, Refresh & Renew Enterprise Saint John conducts three recognized initiative - Nationally and internationallyEnhanced collaboration between economic development Community metrics not aligned to specific roles and 2015: Review, Refresh & Renew Successespartners that produced tangible resultsChallengesresponsibilities related investment prospects - ConnexionWorks Fabrication and Project Cargo Initiative Creation of Launch of Catalyst Innovation ProgramEngagement of close to 2,000 area high school students in exploring entrepreneurship Creation of Health + Life Sciences NBIndustrial Big Data strategyBrick Park tech cluster initiative Barge TerminalPort Modernization projectModular Lead generation of over 200 energyEnergy East Partners Forum Success Stories Entrepreneurship and InnovationKnowledge SectorIndustrial % of Target Achieved100%120%80%70%180% Target1015$900,0003010 Actual10$10,000,000$3,000,00018$718,0202118 funds KPICompanies in innovation trainingValue of problemssolvedInvestment in R&DValue of loans distributedLeveragedClients participatingCompanies Garage 2015 Performance Metrics ProgramCatalyst Innovation ProgramSEED Loan FundVennture % of target achieved107%102% Target250100 Actual296.5$11,000,030102 KPIJobsAnnual payroll addedLeads 2015 Performance Metrics ProgramInvestment AttractionLeads Strong strengths, driven by the , broadband & mobility for centres Data Access to global markets via Port SJ, rail, SJ Airport Location:& highway systemDigital infrastructure: knowledge economyInterconnected business and social networks: connections breed collaboration Enterprise Saint John will connect people and companies to Connected Community on the North American from existing businesses and entrepreneursexternal investment 80 per cent 20 per cent pattern for economic growth. The 80/20 Rule Target 20161,000 300120$1.5 million$10 million25 KPINew jobs in existing businessesNew jobs from investment attractionInvestment attraction leadsPrivate sector R&DImpact on problems solvedNew businesses ЋЉЊЏ tĻƩŅƚƩƒğƓĭĻ aĻƷƩźĭƭ ProgramWorkforce Expansion and Investment Attraction InnovationEntrepreneurship John and specific - Saint strategy. Saint John Brunswick to ensure alignment of New 2016: Opportunities NB Partnership A formal partnership between Enterprise Opportunities strategy, focus and resources to grow the Saint John region. This will include the creation of a talent development and recruitment sized and large - focused, proactive, professional and - Support business development for New Brunswick, including business support services for small, mediumbusinessesProactively pursue high growth opportunities through exports and foreign investmentCollaborate with stakeholders to build support to foster high growth opportunities 2016: Opportunities NB Partnership accountable. Our mandate: Saint NB role KPIs opportunities Share investment Pursue Shared Opportunities opportunities with Enterprise Saint Johngenerated by EnterpriseJohn Local expertise to identify Articulate and strengthen 2016: Opportunities NB Partnership opportunities, provide research and data analysiseconomic connector Questions 3 Grants The Bigger the Grant The Larger the Investment The Bigger the Grant The Harder the Project ? k n a B ? d n ? n h d a o e J L c t n a n a i f n a e o i e c S ? F s n n t i k in ? l k e i f n i c k n e r a r e k a e n o Agenda B n e Dp B a x d f B W d B n o E s e n a i t d s a i h L t n s d o L a e nr a e t a o e r L s e r ia s a Di tt TD aay ww ee hhh oo hh WHWHTTW restore integrity! what are they? Increases local food supply 6. System d n Parcels Listed For Sale on MLS E h t u o S Undeveloped Parcels in from government and - Is this part of the growth agenda?Role in neighbourhood plans? If there is no buyAdditional research is needed for SJ