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Presentation to the Association of Municipalities of Ontario 2010 Conference on the Future of Economic Development
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Preparing for the FutureEDCO’s Regional Research Project
Photo: James UK via Flickr
EDCO
600 membersMunicipal, provincial, federal governmentsBusiness associationsTourism organizationsWorkforce development organizationsIndustrial, commercial realtors and land
developersUtilities
Helping Members Become More Effective
Ontario’s Economy is in Transition
An Economy in Transition
Your Role
Your Role •New strategies•A strong and diverse economy
New Economic Development Renewed Focus
Business Retention and ExpansionCorporate visitationWorkforce developmentBuy localExport development
Resident Attraction and RetentionYouthSeniorsNewcomers
New Economic Development Renewed Focus
TourismMarketing & Product
Development
Entrepreneurship Business start ups2nd Stage Entrepreneurs
Richard Florida The Creative ClassMega Regions
Special ProjectsLETI 1 – Mock Site selection
exercise & workshops
LETI 2 – Expanded site selection exercise, site visits, best practices workshops
Tourism Investment Readiness Workshops
LETI 3 – NEW Website best practices and evaluation
Outcome
Building the skills and capacity of economic development practitioners
Regional Research Project
Regional Research ProjectGoals
• Build awareness of analytical techniques
• Build the skills of economic development practitioners
• Share insights and best practices, tools and processes
• Develop local and regional economic development strategies based on sound analysis
Regional Development?
• Preferred by Province
• Stronger outcomes
• Based on efficiencies and critical mass
Economies of Scalefor Investment Attraction
Labour pool/commuter shedAvailable land and buildingsAccess to post secondary and training
resources
Economies of Scalefor Strategic Development
Some centres are too small to justify their own strategy
Cost sharingStatistics only available at regional level
Regional Research Program
2 year project
Supported by the Ministry of Agriculture Food & Rural Affairs
Focus on small urban and rural regions
Regional Research Program
1. Tools for Regional Strategy Development
2. Innovation in Regional Economic Development
3. Skills for Strategic Planning - Training
Tools for Regional Strategy Development
Build the case for regional collaboration
Best practices
Framework, process & toolkit for regional economic development
Body of Knowledge
2. Innovation in Regional Economic Development
Other Research
Regional Organizations
Case Studies
Best Practices
Applied Research•Identify•Coordinate•Approve•Administer
Delivery Models
Rural Research PrioritiesWayne Caldwell, The Ontario Rural Council,
University of Guelph, Queen’s Monieson Centre
Rank Eastern Ontario Southwestern Ontario1 Youth Retention Youth Retention2 Skills Training/Education/Literacy Agriculture/Farm Revitalization
3 Labour Migration & AttractionSustainable Economic Development
4 Infrastructure Transportation Improvement
5Regional Strategies and Collaboration Economic Diversification
6 Economic Diversification Skills Training/Education/Literacy7 Small Business Support Employment Opportunities
8Strategic Planning and Implementation Healthcare Issues
9 TransportationEfficient, Cooperative Government
10Efficient, Cooperative Government Infrastructure
11 Employment Opportunities Ageing Workforce/Population
12Sustainable Economic Development
Regional Strategies and Collaboration
13 AgeingWorkforce/Population Environmental Sustainability14 Healthcare Issues Small Business Support15 Tourism PovertySource: www.waynecaldwell.ca/Projects/ruralresearch.html
Skills for Strategic Planning
Community Economic Analysis
Strategic Planning
Training Delivery Models
Your InvitationJoin in!
Conference, regional workshops, webinars
Include economic development in your Council orientation
It’s a new day in economic development
ContactAileen Murray Ec.D. (F)
EDCO Past President
Heather Lalonde Ec.D.
EDCO Executive Director
Thank you
