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HomeMy WebLinkAboutCAO-07-039 - Canada's Technology Triangle (CTT) - 1st Quarter Report~, :.~. _ _ ~~ {~rr~f~~~~~~~~rt~r~~rc~~c~r~'~. REPORT Report To: Finance and Corporate Services Date of Meeting: August 13, 2007 Submitted By: Rod Regier, Executive Director, Economic Development Prepared By: Kathy Weiss Ward(s) Involved: All Wards Date of Report: August 1, 2007 Report No.: CAO-07-039 Subject: CTT QUARTERLY REPORT - 2007/Q1 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 Rod Regier Kathy Weiss Executive Director, Economic Development Director Business Development ,. ,, ,~ < <~ ~. _. Activity Description Cntact Web Site Activity Distinct Visitors Contacts Investment Leads Influencers/Partners Media TOTAL Origin of Contacts Contacted CTT Inc Targeted by CTT I nc Events with CTT Inc Involvement TOTAL Prop acts an ort~~itics New Prospects New Opportunities -Acres of land for sale requested -Square feet for lease requested Active Opportunities (all open files -see list} rkcti~ vent - on- e i (c iit} c~ia Activitic (ice iit Media Events/Presentations CTT Inc Media Releases/Newsletters Media Articles Current Quarter 2007 Year-to- 2007 2006 Total Date Total Benchmarks 42,155 42,155 100, 000 113,129 97 97 310 269 159 159 410 394 22 22 130 169 278 278 850 832 76 76 250 201 59 59 230 201 143 143 370 430 278 278 850 832 6 6 35 31 4 4 25 21 0 0 100 80 115, 000 115, 000 800, 000 738, 000 35 40 16 16 75 84 8 8 25 12 1 1 25 21 25 25 130 133 CTT Inc Quarterly Report of Activity and Outcomes Page 1 of 10 For the Period of the 1st Quarter of 2007 as of: March 31, 2007 Outcomes Current Quarter 2007 Year-to- 2007 2006 Total Date Total Benchmarks n~~~,~rce~.i i~ctnc is (ice iist~ 1 1 6 6 Crrate e~ia art~e~ i s Current Total of Partner Companies 19 18 18 Net Change (Year-to-Date) + 1 bs~~~s Individuals * 243 224 164 Entities Represented 105 108 98 Cntcti~ ai~~e~~ Industrial $25, 533, 363 $25, 533, 363 $77, 991, 863 Commercial $17,523,100 $17,523,100 $169,608,401 Institutional $14,321,895 $14,321,895 $74,654,200 Residential $71,958,037 $71,958,037 $390,735,233 TOTAL $129,336,395 $129,336,395 $700,000,000 $712,989,697 CTT irc p~ ink T~~ ct Municipal Partners $209,500 $209,500 $838,000 $802,000 FederaUProvincial Grants $0 $0 $85,000 $78,205 Other $24, 525 $24, 525 $150, 000 $184, 034 Funding Ratio (MunicipaUOther) 90/10 90/10 78/22 75125 * As of 2007: Ambassadors (Individuals} automatically include all Municipal Councillors 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 j tctt@ reg i o n .waterloo . o n. ca CTT Inc Quarterly Report of Activity and Outcomes Page 2 of 10 O Q Q r r ~ ('7 ~ ~ ~ U (6 L ~ to I C N .~ C r a O ~ U N r +r ~ ~ N N N O ~ ~ / V O L L }' N _ ~ '~ ~ C ^` L C O C N ~ ~ ~ C >+ ~ O O N ~ d O L ~ C ~ (Q O~ ~ N N L ~ }' L O O O .C a N N ~ N~~ U ~ O ` O ~ ~ ~ Q- C- U ~ 7 C U +r N L •~ ~ ~ 3 ~ ~ c ~~~~ ~ O ~ ~- Y o ~ C .~ ~ N ~ ~ '~ a ~ o ~ 'L c~ ~ ~' L ` ~ ~ ~ c o s ~ o o o o ~~ U ~ ~ O ~ O ~ N N ~ 7 C +r O •- N L ~ N ~ C 0 `~ cA N a ~ p O E U O L D O ~ I ~ ~ C N N U ~ > O ~ O ~' OQ O O L ~ + +r `~ ~ O U C C~ O C N tD A E r ~ O Q ~ N N I S N _ ;C O ~ I CO 0 V U L N ~ N ~ C }, ~ O ~ Q O N O D Q z O ~ }' O. 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For example, the company provides fully integrated solutions to support the Food and Beverage industry including specialized proof of origin and safeguards for traceability for all segments. The Canadian office is working with anumber ofhigh- quality leaders in the food industry today including: XL-Beef, ACA Poultry, Denninger's, and Conestoga Meat Packers. One of the latest customers to come on board was Great Lake Specialty Meats, in Mitchell, Ontario. Investment Announced: February 5, 2007 [Media Release:"Kitchener Selected for Canadian Expansion of German-Based CSB-System International"] Initial Em to eeslYear: 4 in Kitchener 450 worldwide Current Em to eeslYear: 4 Q12007 Value of Investment: NA S uare Feet: 1,500 s .ft. Acres: NA Parent Company: CSB-S stem International AG An Furthenrode 9-15, Geilenkirchen, D-52511, German HQ Phone: +49 (0)2451625-0 Fax: +49 (0)2451625-291 www.cs-systemacom Parent Geo ra hic: Geilenkirchen, German (HQ} Rationale for Investment: "Waterloo Region presents a compelling story. It's central location to the hub of our Canadian clients; German heritage, multilingual, highly skilled labour force, and IT strengths, were all factors in our decision to open our Canadian offices in Kitchener," says CSB's CEO, North American Division, Patrick Pilz. Referral Source: Province Other Notes: n/a Last U dated: April 12, 2007 (Sourced from 2007-02-05 Media Release) pg 5 Canada's Technology Triangle Inc 1 st Quarter 2007 January 1 -March 31, 2007 LIST OF EVENTS - CTT Inc 2007 -1st Quarter MARKETING EVENTS (Non-Media) Date Event Location 10-Jan-07 Automotive Communities Program (ACP) Detroit, MI 25-Jan-07 Canadian Netherlands Business and Professional Association (CNBPA): Economic Outlook with Bank of Canada Governor David Dodge Toronto, ON January 29-30, Annual Forum on Pharmaceutical Contact Centers Philadelphia, PA 31-Jan-07 Visit of Stewart Beck, Asst Deputy Minister for Investment, Innovation and Sectors, Foreign Affairs and International Trade, Ottawa Waterloo Region February 2-14, 2007 Greater Toronto Marketing Mission (GTMA) Business Mission to India including Ontario Tech Corridor Agenda New Delhi, Gurgaon, Bangalore, Mumbai and Pune February 7-8, 2007 Economic Developers Council of Ontario (EDCO) Annual Conference Toronto, ON February 21-22, Ottawa Outreach Ottawa, ON 26-Feb-06 Ukrainian Regional Governance and Development Mission Waterloo Region 1-Mar-07 University of Waterloo 5th Anniversary Engineering Event Toronto, ON March 5-9, 2007 OTC Targeted Calls -Silicon Valley and International Game Developers Conference San Francisco, California 7-Mar-07 Ambassador Event in Partnership with Centre in the Square, KW Art Gallery and Art Bar Kitchener, ON 12-Mar-07 Foreign Affairs t~ International Trade Canada -Cross-Canada Study Tour for Officers Waterloo Region 20-Mar-07 Visit of Mark Scullion, Canadian Trade Commissioner, NZ Waterloo Region March 28-29, 2007 Great Lakes Manufacturing Forum Toronto, ON March 28-29, 2007 Visit of Detlef Engler, Senior Investment Officer, Canadian Embassy -Berlin Waterloo Region MEDIA EVENTS/PRESENTATIONS Date Event Location 22-Jan-07 Cambridge City Council -Budget Presentation Cambridge, ON 5-Feb-07 City of Kitchener Council Presentation Kitchener, ON 12-Feb-07 City of Waterloo Council Presentation Waterloo, ON 22-Feb-07 Visit of Thomas Frostberg, Editor-in-Chief, Rapidus News Service, Malmo, Sweden Waterloo Region 2-Mar-07 Presentation to Kitchener Conestoga Rotary Club Waterloo, ON March 21-22, 2007 Visit of Rune Pedersen, Danish ICT Journalist, ComputerWorld Denmark Waterloo Reigon 26-Mar-07 Regional Economic Development mixed with a message on Graduate Retention presented to UW Planning Class Waterloo, ON 28-Mar-07 Technology and Diverse Economy in CTT with a message supporting Graduate Retention presented to Tri05 College Kitchener, ON Canada's Technology Triangle Inc 1 st Quarter January 1 -March 31, 2007 MEDIA ARTICLES - 2007 -QUARTER ONE Headline/Topic Media Outlet Date Appeared This Disambi uation Laci blo 10-Jan-07 Governor Dodge Speaks to EU Business Chambers in Toronto CNW Goup 12-Jan-07 Job hunts in re ion Ontario's shortest The Record 26-Jan-07 Job hunts in re ion Ontario's shortest Bertha Schuneman blo 27-Jan-07 Unique requests at bud et meetin Cambrid e Times 25-Jan-07 The business of air orts Buildin Ma azine Dec 06, Jan 07 Private Sector R&D Investment Climbs to $290 Million in Canada's Technolo Trian le ECAC New Letter January/Feburary, 2007 Art has alwa s fuelled ima inations O -Ed Pa e KW Art Galle 27-Jan-07 Art has alwa s fuelled ima inations The Record 27-Jan-07 CBI's 6th Annual Forum on Pharmaceutical Contact Centers CBI's January, 200 Manufacturing Success Greater Kitchener Waterloo Chamber Advocate February, 200 News Ticker - Re: recent report shows private investment in R&D in Ontario's Waterloo Region, known as Canada's Technolo Trian le Advanced Manufacturing Magazine February, 200 Waterloo investin trends Wellin ton Financial Blo 8-Feb-07 Goo le Does The Ottawa Citizen 8-Feb-07 Reply from John Tennant: Regular City of Waterloo Bud et rocess for CTT fundin 570 News 10-Feb-07 13,000 Chryslerjobs lost -region may feel some pain The Record 15-Feb-07 Municipalities asked to invest in atracting new businesses The Record 16-Feb-07 Star's editor-in-chief honoured Toronto Star 23-Feb-07 CTT Inc Season Partnership event at the UW School of Architecture in Cambrid e REX Magazine February/March, 2007 From BlackBerry to Pearl fDi Foreign Direct Investment Ma azine February/March, 200 Members of the Geosign Group of Companies announced the closing of $160 million in private financin from American Ca ital Strate ies Ltd. Globe & Mail 6-Mar-07 Here We Grow A ain The Record March 14, 007 A reci e for success Exchan e Ma azine March/A ril, 2007 Local business mixed over bud et The Record 20-Mar-07 Economy close to capacity says Dodge Business Times March, 2007 CTT INC MEDIA RELEASES /NEWSLETTERS Kitchener Selected for Canadian Expansion of German- Media Release 5-Feb-07 Based CSB-S stem International Economic Development in Canada's Technology Triangle Inc Definitions of Terms Used in the Quarter) Report of Activit 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 with CTT I nc 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 0 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 ofnon-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 fundin or effort. Media Activities see list CTT Inc Media Releases/Newsletters Number of media releases and newsletters issued b 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 1 of 2 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 Chan a Increase (+) or decrease (-)Burin 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, includin revenue from sales of materials (Actual). Fundin Ratio (Municipal/Other) Ratio of Municipal fundin to all other sources of revenue. last updated October 11, 2005 Page 2 of 2 I'1CCIAlIT1/1AIe INVESTMENT ATTRACTION PROGRESSION