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HomeMy WebLinkAboutEconDevAdv 2013-09-25 ECONOMIC DEVELOPMENT ADVISORY COMMITTEE MINUTES September 25, 2013 City of Kitchener The Economic Development Advisory Committee met this date, chaired by Councillor Paul Singh the following members were in attendance: Councillor Scott Davey, Glenn Kohler, Philip Jones, Kevin Fergin, Adrian Conrad, Jeff Hoekman, Cory Ernst, Steve Sachs, Hani Naamani, Rebecca Short, Darrin Snider, Johanna Classon-Romero, Thusenth Dhavaloganathan, Mark Hopkins, Ashley Reid, The following people were absent: Staff in attendance: Rod Regier, Janette MacDonald, Chris Farrell, Valerie Bradford, Janette Macdonald, Silvia Di Donato, Thom Ryan, Cory Bluhm, Tracey Murray 1. Approval of Minutes On motion by Jeremy Auger, the minutes of the August meeting be approved. Carried. 2. Project Updates Janette MacDonald advised that a survey has been created and will be forwarded to the committee this afternoon to help assist in the revamp of the Project Updates. 3. Sub-Committee Report Back The Sub-Committees reported back to the main group summarizing the conclusions of their discussions and making recommendations for next steps. Start up City : The Sub Committee identified 6 strategies for supporting the development of the city as hub for startups. 1) Marketing – Create a brand and communications strategy for Startup City 2) Landing space – establish a program to encourage startup landing pads 3) Capital – attract venture capital firms and investors to Startup City 4) Mentoring – support a culture of collaborative capitalism 5) Events – host events under the brand Startup City 6) Students and Education – support student entrepreneurship. The City of Kitchener has the opportunity to create an identity for downtown Kitchener as one large incubator. It will require partnerships with organizations like Communitech, Velocity, and the WRSBC. Encouraging the current groups to meet and work together. - make inclusive and have the ability to have people form their own meet ups and look after their own culture as well. - events there are great ideas but does the city have capacity for to help facilitate that has that been something that we have looked at - we didn’t get into the nuts and bolts of it but we looked at what might work to help make these things happen and identifying those things. we looked at what resources are there for these things to happen and what is missing. - we are trying to capture that this is us that this is the city and should we have a committee to itself similar to EDAC that might just be dedicated to start ups we haven’t totally but there is opportunities Copy of Start Up City V3.xlsx Talent: 5 practical things to make a difference with talent - current student population and those ready to work in the local economy - memorable student life and creating memories early on with the hopes they stay or come back. Interesting things to do culturally in the community with lots of things to do within the community that will draw people into the downtown with one of the areas being advertising and communication. Direct service idea for HR groups and maybe a welcome wagon type kit and they would be designed for a resistance point. Branding for the entire community we would have one brand that we can use. Actively creating a talent fair showing lots of diverse opportunity here and create a group that can externally tell the story (in communities that we are seeking recruits from) EDAC TALENT NOTES.docx Innovation district While the group noted the critical importance of 2-way GO service, they appreciate that the scope of this work is beyond the mandate of EDAC. As such, the group suggests these areas of focus: 1) Develop a compelling story/marketing strategy/brand/visual for the innovation district 2) Look at physical enhancements that provide on-the-ground visual support for the district brand (such as signage, furnishings, etc.) 3) Look at opportunities to ensure proper infrastructure (ex: fibre, wifi) 2013-02-27 ID working group notes.doc Manufacturing Cluster -Development Charges can significantly impact business attraction and retention, as we are competing with communities that are development charge exempt. - Development Charges are currently designated residential or non-residential. To provide more flexibility, the non-residential component should have 3 sub categories, retail, commercial, and industrial. - Industrial development charge exemptions would incent companies that are already here to investment in facilities, jobs and capital equipment, as well as attract new companies, supporting the manufacturing community. - Development Charge exemptions would impact revenue which would be supplemented by increased assessment and job creation - To receive consideration during The City of Kitchener, and the Region of Waterloo Development Charge study, which is currently underway. Summary of Notes from Cluster Building EDAC Breakout Group.pdf On motion the meeting adjourned at 1:05