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HomeMy WebLinkAboutCAO-06-068 - CTT Quarterly Report - Q3a <~ ,~. "~ ~~ f i. i"uF'f:1:;;"i?i7"ilSrt;`;fr;r's Report To: Finance and Corporate Services Date of Meeting: December 11, 2006 Submitted By: Rod Regier, Executive Director, Economic Development Prepared By: Kathy Weiss Ward(s) Involved: All Wards Date of Report: December 5, 2006 Report No.: CAO-06-068 Subject: CTT QUARTERLY REPORT - Q3 RECOMMENDATION: For Information only Background: Canada's Technology Triangle (CTT) is a partnership of the municipalities of Cambridge, Kitchener, Waterloo and the Region of Waterloo, committed to encouraging economic development within the region of Waterloo with an emphasis on external marketing, business investment attraction, information research; facilitation and establishment of partnership business unites and special projects. REPORT: CTT's mandate is to attract companies, individuals and capital to the Region of Waterloo by a) Marketing to an "external audience" including Canada and selected international locations; b) Identifying and addressing impediments to economic development within the region. As part of CTT's commitment to communicate their activities and outcomes, the quarterly reports will be provided to Council on an on-going basis. FINANCIAL IMPLICATIONS: N/A RUU RCt,. ICl f~Cillly VVCIJJ Executive Director, Economic Development Director Business Development Canada's waterloo Region II TeCl1nO1O g3' Cambridge Triangle Kitchener Waterloo For the Period of the Third Quarter of 2006 as of: September 30, 2006 2006 Year-to- 2006 Activity Description Current Quarter Date Total Benchmarks 2005 Total Website Activity Distinct Visitors 29,466 75,737 100,000 63,208 Contacts Investment Leads 45 218 325 270 Influencers/Partners 76 294 420 425 Media 14 129 90 60 TOTAL 135 641 835 755 Origin of Contacts Contacted CTT Inc 40 139 115 92 Targeted by CTT Inc 15 148 245 187 Events with CTT Inc Involvement 80 354 475 476 TOTAL 135 ~ 641 835 755 ~, . , New Prospects 6 23 35 34 New Opportunities 3 15 25 26 -Acres of land for sale requested 0 60 200 160 -Square feet for lease requested 11,500 366,000 800,000 698,500 Active Opportunities (all open files -see list) 38 40 ' , ~. _. 23 69 50 56 CTT Inc Quarterly Report of Activity and Outcomes Page 1 of 13 For the Period of the 3rd Quarter of 2006 as of: September 30, 2006 Outcomes Current Quarter 2006 Year-to- 2006 2005 Total Date Total Benchmarks 2 6 6 2 Current Total of Partner Companies 17 18 18 Net Change (Year-to-Date) -1 Individuals 162 170 153 Entities Represented 97 100 93 Industrial $15,280,213 $41,817,363 $76,702,681 Commercial $38,964,171 $132,642,781 $105,063,149 Institutional $2,498,300 $35,641,300 $65,267,370 Residential $76,621,111 $325,220,982 $501,014,060 TOTAL $133,363,795 $535,322,426 $700,000,000 $748,047,260 ~, Municipal Partners $200,500 $601,500 $802,000 $802,000 Federal/Provincial Grants $82,272 $100,646 $70,000 $133,000 Other $49,213 $100,812 $145,000 $178,359 Funding Ratio (Municipal/Other) 60/40 75/25 79/21 72/28 This Report distributed quarterly by CTT Inc to: -Regional Municipality of Waterloo Council -CTT Inc Board of Directors and by City Economic Development Partners to municipal councillors For more information, please contact: John Tennant, CEO Canada's Technology Triangle Inc 57 Erb St. West, Waterloo, ON N2L 6C2 Ph: 519-747-2541x 401 jtctt@region.waterloo.on.ca CTT Inc Quarterly Report of Activity and Outcomes Page 2 of 13 N N +~ .C O a-+ O Q a O U Q 0 0 N M ~ i M N ~ i N ~ ~ a~+ ~ a N i T 7 U c N c L6 T O O c L U a~ _N f6 f6 c f6 U ° Y 0 3 ° ~ `-' o N N ~ c N M - C t N .N C O N a N o a a c U ~ °- c c a ~ c Y ~ rn c ° c ~ c _~ ~ ~ c o m c cC O N ~ C >` _ ° 7 N N O O ~ N a N~ - ° i N O U N U ~ f6 ~ l4 ~ N N O ~ N O] O O O ~ ~ 7 ~ ~ ° ~ 7 O O) ~ L ~ N~ z U N ~ a c U YO w ~ > a- U w ~ c ~ Y ' O a .~ __ U Q ~ OI a t O ~ ° 3 N ~ ~ M O O ~ J a ~ ~ ~ d ~ = c C N O] O ~ >, N ~ ~ U E ~ C c ~ C C Q ~ L 64 0 ~ U ~ a >, C .0. 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CGI and its affiliated companies employ approximately 24,500 professionals from over 100 offices worldwide servicing 16 countries. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the U. S., Europe, Asia Pacific as well as from centers of excellence in Canada and the U. S., Europe and India. Investment Announced: August 4, 2006 [Media Release: CGI opens office in Waterloo at the Accelerator Buildin Initial Employees/Year: 24 employees Current Employees/Year: n/a Value of Investment: n/a Square Feet: 6,885 sq.ft. Acres: n/a Parent Company: CGI (Head Office) 1130 Sherbrooke Street West, 5th Floor, Montreal, Quebec, H3A 2MB Phone: 1 514 841-3200 Fax: 1 514 841-3299 www.c ig coral Parent Geographic: Montreal, Quebec Rationale for Investment: Waterloo is a natural expansion location for CGI, Canada's largest IT services company. "The move to Waterloo made sense because CGI already has major insurance clients in the area such as Manulife Financial, The Co-operators and The Economical Insurance Group. Those clients were previously being serviced out of CGI's Toronto-area office" said Mark Sippel In addition, proximity to graduates from the University of Waterloo and Wilfrid Laurier University was another reason for the move. Referral Source: Direct/CTT Other Notes: n/a Last Updated: 14-Nov-06 Canada's Technology Triangle Inc Announced Investments 2006-Q3 +~ Contact: Martha Owner, Manager of Business Development Coordinates: Corporation Square, 30 Duke St, Kitchener, ON, N2H 3W5 Phone: 519 571-7951 http : //www. ame gaup .cam/ Product/Service: OME Group is a firm of scientists and engineers that specialize in the Scientific Research and Experimental Development (SHRED) tax incentive program offered by the Canada Revenue Agency (CAR). OME Group offers a complete SHRED claiming service from start to finish, assisting all types of businesses. Investment Announced: August 10, 2006 [Media Release:" ME Group Consultants Locate in Canada's Technolo Trian le O en House Slated for New Kitchener Location" Initial Em to ees/Year: 3 Current Em to ees/Year: n/a Value of Investment: n/a S uare Feet: 1,000 s .ft. Acres: n/a Parent Company: OME Grou Consultants Inc. 2580 Matheson Blvd. East, Mississau a, Ontario, L4W 4J1 Phone: 905-602-4549 x.227 Fax: 905-602-5671 www. ame r~oup. cam Parent Geo ra hic: Mississau a, Ontario Rationale for Investment: OME Group Manager of Business Development, Martha Owner, says the company has seen substantial growth in Waterloo Region over the past two years. "We have hired about 50 percent of our staff from area universities and with such a large number of manufacturing and software firms in R&D mode in Canada's Technology Triangle, it was the logical next step for OME Group to expand to the area." She adds, "Downtown Kitchener was an attractive location for the new office due to the close proximity to the Canada Revenue Agency and some of our banking partners." Referral Source: Co orate Partner Other Notes: n/a Last U dated: 14-Nov-06 Canada's Technology Triangle Inc 3rd Quarter 2006 July 1 - Desptember 30, 2006 LIST OF EVENTS - CTT Inc 2006 - 3rd Quarter MARKETING EVENTS (Non-Media) Date Event Location 1-Jul-06 Digital Moose Lounge "Canada Day" San Jose, CA July 11-13, 2006 World Congress on Industrial Biotechnology and Toronto, ON Bioprocessing 12-Jul-06 Growth Forum Waterloo, ON 18-Jul-06 Visit to Waterloo Region by Karle de Beer, Ambassador Waterloo Region of The Netherlands to Canada 24-Jul-06 Visit to Waterloo Region by David McNamara, Senior Waterloo Region Canadian Trade Commissioner, Canadian Embassy in the Netherlands July 31-August 1, 2006 Visit to Waterloo Region by Mark Kawai, International Waterloo Region Business Committee, Osaka (Japan) Chamber of Commerce & Industry August 7-11, 2006 Automotive Management Briefing Seminars Traverse City, MI August 14-15, 2006 Visit to Waterloo Region by Rick Stephenson, Canadian Waterloo Region Consul & Trade Commissioner in Tucson, AZ 14-Aug-06 Visit of Malaysian Technology Development Corporation Waterloo Region for collaboration in Research, Venture Capital and Foreign Students 15-Aug-06 Round Table discussion on Research on Regional Waterloo Region Economic Development 24-Aug-06 Real Estate Investment Network Tour Waterloo Region 6-Sep-06 Southwest Economic Assembly Planning Session Windsor, ON September 11-12, 2006 Visit of Research Council of Norway Delegation Waterloo Region 12-Sep-06 Visit by Delegation from Indonesia, Development Board of Waterloo Region the Integrated Economic Development Zone 15-Sep-06 Passport to Business Success (Ontario MEDT - Toronto, ON Entrepreneurial Immigrants) 19-Sep-06 Visit by Petra Wassner, CEO and Stephan Jungen, Vice Waterloo Region President, from German State of North Rhine, Westfalia Economic Development Corporation 21-Sep-06 fDi (Foreign Direct Investment) Magazine and Ontario Waterloo, ON Premier Dalton McGuinty Global Event September 23-27, 2006 Economic Developers Association of Canada (EDAC) Thunder Bay, ON Conference 25-Sep-06 Society of Industrial and Office Realtors (SIOR) 2006 Fall Mississauga, ON Seminar September 27-28, 2006 First Annual QuantumWorks Conference and Industry Waterloo, ON Workshop 28-Sep-06 Visit to Waterloo Region by Luc Santerre, Investment Waterloo Region Officer for Canada in Paris 28-Sep-06 Visit to Waterloo Region from Austrian Automation and Waterloo Region Advanced Manufacturing Delegation in partnership with Canadian embassy in Austria and Consulate General of Austria September 29, 2006 to Entrepreneur Week Waterloo Region October 6, 2006 p9 7 Canada's Technology Triangle Inc 3rd Quarter 2006 July 1 - Desptember 30, 2006 MEDIA EVENTS/PRESENTATIONS 30-Aug-06 CTT Inc Presentation to Region of Waterloo Council Waterloo, ON 12-Sep-06 Presentation to Peter Simmons Woolwich Township p9 $ Canada's Technology Triangle Inc 2006 Quarter 3 July 1 -September 30, 2006 MEDIA ARTICLES - 2006 -QUARTER 3 Headline/Topic Media Outlet Date Appeared Where Business is heading REX Magazine June/July, 2006 Rex makes a splash REX Magazine June/July, 2006 International Governance Centre one hot spot executive (was Bus Executive) June/July, 2006 Member Advertisement "The Business of Growth - Capitalizing on a changing urban landscape" Greater Kitchener Waterloo Chamber of Commerce eNews June/July, 2006 One Location Can Change Everything.... Expansion Solutions Magazine June/July,2006 Strong dollar erodes cost-effective ranking REX Magazine June/July,2006 So what makes Waterloo special? Business Times July/August Issue Diversity drives our business growth Business Times July/August Issue TRRA President Addresses AMM of CTT Inc TRRA Engaging Innovation Newsletter Summer Edition 2006 COMING EVENTS -Wednesday, July 12 The Business o Growth The Record July 5/2006 Manufacturers vital to regions, data shows The Record July 6/2006 Working together vital for region's Economy (SMART CITY) The Record July 15/2006 Cambridge results a paradox (SMART CITY) The Record July 15/2006 Put yourself in the shoes of a news editor The Record July 19/2006 US and Germany lead foreign direct investment in Waterloo executive (was Bus Executive) July Issue Study shows manufacturing makes huge dent Waterloo Chronicle July 12/2006 Praise, but no promises as finance minister visits The Record July 25/2006 Innovation Performance -Waterloo -Guelph Government of Canada- Innovation in Canada July, 2006 (article dated July 2002) Miller Thomson offers emerging growth technology companies expert convenient, affordable kit formats CNW Group (Miller Thomson LLP Media monitoring) July 26/2006 Trade Shows & Conference -Lean Manufacturing Conference To Focus on Best Pactices Report on Industry Magazine Spring 2006 La prospere patrie des BlackBerry Le Presse July 22/2006 University of Waterloo signs nanotechnology agreement Nano-Minneapolis Investment and Science & Technology Newsletter July, 2006 Canada's Economic Future Studio Two - TV Ontario Jul , 2006 CGI ups the acceleration The Record August 5/2006 GLOBAL EXPANSION: Canada's ICT Industry Fosters Innovation, Success Expansion Management August 7/2006 Woolwich CAO resigns, accepts new position in Welland The Record August 11/2006 Nordia to expand local operations The Record August 11/2006 Premier to receive award in Waterloo The Record August 19/2006 Call Centre Recruitment - Local call centre jobs on the rise The Record August 23/2006 OME Group located in Canada's Technology Triangle Greater Kitchener Waterloo Chamber of Commerce Newsletter September, 2006 p9 9 Canada's Technology Triangle Inc 2006 Quarter 3 July 1 -September 30, 2006 Media Articles 2006 Quarter 3 -Continued Global Activitites for Canada's Technology Triangle Economic Development in the City of Cambridge Mid- Year Review Newsletter Mid Year Review 2006 The Best Cities for Business (#11 on list) Canadian Business Magazine Sept. 25-Oct 8/06 Business leaders call for cross-border cooperation Exchange Magazine September, 2006 Manufacturing sector value added exceeds $7 billion executive (was Bus Executive September, 2006 fDi Awards to be held in CTT executive (was Bus Executive) September, 2006 The southwest seeks the spotlight Business Times September 15/2006 Time to raise a glass for Oktoberfest Business Times September 15/2006 Region's economy racing The Record September 15/2006 The way ahead for Waterloo Region The Record September 16/2006 Gala celebrates entrepreneurial spirit Waterloo Chronicle September 20/2060 Commenting on the McGuinty release CKPC Radio Brantford September 22/2006 Waterloo region flexing industrial muscle Business Edge September 29/2006 Cross-Border Trade Conference Identifies Diverse Opportunities The Newsletter of the New England-Canada Business Council Fall Issue CTT INC MEDIA RELEASES /NEWSLETTERS Manufacturing Sector Value Added exceeds $7 Billion - Media Release 7/5/2006 Total Shipments from Waterloo Region Worth $16.9 Billion CGI o ens office in Waterloo at the Accelerator Buildin Media Release 8/4/2006 OME Group Consultants Locate in Canada's Technology Media Release 8/10/2006 Trian le Foreign Direct Investment (fDl) Awards to be Held in Media Release 8/18/2006 Canada's Technolo Trian le Ontario Premier Dalton McGuinty Accepts the fDi Media Release 9/22/2006 "Personality of the Year" Award in Waterloo Region pg 10 Economic Develo ment in Canada's Technolo Trian le Inc Definitions of Terms Used in the Quarterly Report of Activity and Outcomes ACTIVITIES Website Distinct Visitors Number of distinct visitors to www.techtriangle.com (ie: does not include repeat visitors). Contacts Only initial contacts are counted -not repeat orfollow-through contacts. To be counted as a contact, there must be meaningful one-on-one exchange ~,~,~ith CTT Inc staff. Investment Leads Appears to have potential; Requires further work, research ,contact and/or passage of time to know how serious; Merits follow through to engage the individual or company, obtain more information and determine seriousness Influencers/Partners New external contacts with individuals who could influence future investment interest or who can work with CTT Inc in its investment attraction efforts (eg: site selectors, realtors, lawyers, bankers, venture capitalists, government officials, consultants Media New contacts with individuals affiliated with or representative of media (ie: journalists, editors, media researchers, etc.). Ori in of Contacts Approached CTT Inc New contacts who took the initiative to contact CTT Inc. Targeted by CTT Inc New contacts approached by CTT Inc independent of participation in events. Events with CTT Inc Involvement New contacts made at events in which CTT Inc participates in or which it mounts (ie: conferences, shows, missions, press conferences, etc.). Pros ects and O ortunities New Prospects Anew substantive or qualified lead during the period. A situation meriting: systematic & regular follow-through; further personal contact; introduction of others to provide additional information. New Opportunities Anew active & immediate prospect during the period. Clearly defined enquiry which has provided: space needed; full description of business; sense of time frame for decision. An "opportunity" is considering a short list of location & has visited the area or been subject to a one-on-one presentation. Acres of Land Requested Total acres of land for sale sought by the new opportunities reported as being opened. (Note: The categories involving acres for sale or square feet for lease are usually mutually exclusive, ie: a client wants one or the other). Square Feet for Lease Requested Total square feet for lease sought by the new opportunities reported as being opened. Active Opportunities (see list) Number of active opportunities at end of the period. A list will be attached providing partial information on each opportunity so as not to reveal confidential information. Marketing Events (see list) Number of non-media activities involving or undertaken by CTT Inc (eg conferences, shows, missions, prospecting visits, seminars, visiting groups or high level officials, etc.). CTT Inc will likely have provided significant funding or effort. Media Activities (see list CTT Inc Media Releases/Newsletters Number of media releases and newsletters issued by CTT Inc. Events/Presentations Number of events and presentations involving CTT Inc (eg: press conferences, media visits, speeches, presentations to municipal councils, etc.). Media Articles Number of media and reports which mention "CTT" or CTT initiatives. Page 11 of 13 OUTCOMES Announced Investments (see list) New or increased investment in which CTT Inc has had a substantive role. Cor orate & Media Partners Total Number Number of firms which are active Corporate or Media Partners. Net Change Increase (+) or decrease (-) during period. Ambassadors Individuals Active individual Ambassadors enrolled in the CTT Inc Ambassador Program. Entities Represented Number of firms or entities from which active Ambassadors are drawn. Construction Values Industrial Actual industrial construction values reported by the Cities of Cambridge, Kitchener and Waterloo. Commercial Actual commercial construction values reported by the Cities of Cambridge, Kitchener and Waterloo. Institutional Actual institutional construction values reported by the Cities of Cambridge, Kitchener and Waterloo. Residential Actual residential construction values reported by the Cities of Cambridge, Kitchener and Waterloo. CTT inc Fundin Tar ets Municipal Partners Revenue from Municipal Partners (pro-rated). Federal/Provincial Grants Revenue from Provincial or Federal programs and sources (Actual). Other Revenue from Corporate Partners and other non-governmental sources, including revenue from sales of materials (Actual). Funding Ratio (Municipal/Other) Ratio of Municipal funding to all other sources of revenue. last updated October 11, 2005 Page 12 of 13 DEFINITIONS INVESTMENT ATTRACTION oor~~±o~~~~r~w~