HomeMy WebLinkAboutCAO-09-050 - 2010 Economic Development Grant ApplicationsKlrre:r R ' • "
Economic Development
REPORT TO: Council
DATE OF MEETING: November 2, 2009
SUBMITTED BY: Rod Regier
PREPARED BY:
Rod Regier, Tracey DeVille
WARD(S) INVOLVED:
All
DATE OF REPORT:
October 30, 2009
REPORT NO.:
CAO -09 -050
SUBJECT:
ECONOMIC DEVELOPMENT GRANTS 2010
RECOMMENDATION:
That the recommendation of Report CAO -09 -046 be amended as follows:
That the 2010 Economic Development Grant be approved for the Greater Kitchener
Waterloo Chamber of Commerce Health Care Recruitment Council as the final year of
the annual grant commitment of $20,000 per year for years 2006 - 2010
That the 2010 Economic Development Grant be approved for the Business & Education
Partnership of Waterloo Region for the amount of $5,306 which includes a 2% increase
over the 2009 grant of $5,202
That the 2010 Economic Development Grant be approved for Junior Achievement of
Waterloo Region Inc for the amount of $5,202 which includes a 2% increase over the 2009
grant of $5,100
That the 2010 Economic Development Grant be approved for Skills Canada — Ontario for
the amount of $5,306 which includes a 2% increase over the 2009 grant of $5,202
That the 2010 Economic Development Grant be approved for the Waterloo Region Small
Business Centre in the amount of $75,000 which does not include an increase over the
2009 grant
That the 2010 Economic Development Grant be approved for Canada's Technology
Triangle in the amount of $149,000
BACKGROUND:
In response to Council approval of report CSD -08 -070, dated August 6, 2008, a new strategy for
community grants has be implemented and funding of economic development grants that had
historically been managed through the community grants process has been transferred to
Economic Development. The 2010 budget process is the first year in the implementation of the
new system. The evaluation of eligibility for 2010 funding has been based on the relevance of
the application to the implementation of the Economic Development Strategy.
The grants to the Waterloo Region Small Business Centre and the Canada's Technology
Triangle grants have been negotiated through a partnership process and in these cases the City
of Kitchener sits on the relevant boards of advisors or directors. The grant to the Greater
Kitchener Waterloo Chamber of Commerce Physician Recruitment program was the product of
a commitment by the City to participate in a 5 year program of which 2010 is the last year.
REPORT:
Greater Kitchener Waterloo Chamber of Commerce Health Care Recruitment Council
This project is a partnership lead by the GKWCC. The City of Kitchener has made a
commitment to participate in the project until 2010. The Waterloo Region has experienced
significant growth in both medical specialist and general practitioners as a result of this
recruitment project and other initiatives such as the development of speciality medical service
units at Grand River Hospital and St. Mary's Hospital as well as the development of the
University of Waterloo Health Sciences Campus in Downtown Kitchener. As a result of these
investments the Waterloo Region is becoming a much more attractive place to practice
medicine. It is anticipated that the requirement for City of Kitchener support for this program will
decline over time.
The Chamber Health Care Recruitment Council requests $20,000. It has forecast revenues and
expenses of $175,500 in 2010.
Business & Education Partnership of Waterloo Region
The Business & Education Partnership of Waterloo Region leads the way in career exploration
for youth (Grades 7 - 12), connecting students, educators and employers to promote student
success and community prosperity. Our organization facilitates and builds alliances among
business, education, labour, government and community partners. We focus on improving
school to life transition for the students of Waterloo Region by:
• Enhancing employability and life skills
• Assisting students in identifying and pursuing personal and career goals
• Promoting lifelong learning
• Providing experiential learning opportunities
The BEP offers programs to support youth engagement with the workplace including
• Business Visitation
• Speakers Bureau
• Science Superheroes
• Leading Edge Youth Entrepreneurship Conference
• First Time, Full Time - School to Work Conference
• Externship Project
The BEP grant assists with the ability of the organization to deliver services and develop new
programming such as the Sector Forum program currently under development. The BEP is
aligned with the City of Kitchener Talent Strategy as outlined in the Economic Development
Strategy 2007 -2010.
The Business Education Partnership requests $5,306. In 2009, the BEP had revenues of
$189,099 and expenses of $188,433.
Junior Achievement of Waterloo Region Inc.
The Junior Achievement Stay in School Program encourages young people from grades 3 to 12
to remain in school. The program will be delivered to approximately 6000 students in the
Waterloo Region. The Junior Achievement Stay in School Program is aligned with the City of
Kitchener Talent Strategy as outlined in the Economic Development Strategy 2007 -2010.
Junior Achievement requests $5,202 in 2010. In 2009, Junior Achievement of the Waterloo
Region Inc. had revenue of $423,212 and expenses of $416,055. The Economics of Staying in
School Program has a budget requirement of $63,150 in 2010.
Skill Canada — Ontario
In 2010, Skills Canada Ontario will be hosting a Young Women's Conference for Grade 7 and 8
students in the Waterloo Region in conjunction with the 21s' Ontario Technological Skills
Competition. City of Kitchener funding allows Skills Canada Ontario to obtain matching funding
from the Ministry of Training, Colleges and Universities. The Skills Canada Ontario program is
aligned with the City of Kitchener Talent Strategy as outlined in the Economic Development
Strategy 2007 -2010.
Skills Canada requests $5,306 in 2009. In 2008, Skills Canada Ontario had revenue of
$2,236,641 and expenses of $2,154,702.
Waterloo Region Small Business Centre
The Waterloo Region Small Business Centre is a partnership of the cities of Cambridge,
Waterloo and Kitchener, The Regional Municipality of Waterloo and the Province of Ontario.
The WRSBC delivers programming support and advisory services to people starting or
operating a small business. The Waterloo Region Small Business Centre assists approximately
12,000 entrepreneurs annually, 7,000 of which are clients of the Kitchener SBC. The number of
clients in 2009 grew by 12% over 2008 on a year to -date basis. The Waterloo Region Small
Business Centre is aligned with the City of Kitchener with section 6.0 Growing Small Business in
the Economic Development Strategy 2007 -2010.
The Waterloo Region Small Business Centre requests $75,000 in 2009. In 2008, the WRSBC had
revenues of $381,901 and expenses of $368,807.
Canada's Technology Triangle
CTT is a partnership created by the cities of Kitchener, Cambridge and Waterloo, the Regional
Municipality of Waterloo, the region's business community and its post- secondary educational
institutions. CTT's mission is to promote Waterloo Region as Canada's Technology Triangle to
attract and expand strategic investment, working with partners to bring capital and talent to the
region. CTT is a critical partner of the City of Kitchener in the implementation of the City's
Economic Development Strategy. All of the CTT priority's for investment attraction are aligned
with Kitchener's objectives of diversifying the urban economy in the areas of Health Sciences,
Digital Media and Information Technology, Financial and Business Services and Advanced
Manufacturing.
Canada's Technology Triangle requests $149,000 in 2010. In 2007, Council approved the
recommendation of report CAO -07 -004 to grant CTT $140,000 and increase the City's grant to
CTT by $3,000 in each of the following 4 years including 2010. In 2008, CTT had revenues of
$1,277,726 and expenses of $1,379,952.
FINANCIAL IMPLICATIONS:
Pending final budget approval, the overall operating budget for annual economic development
grants for 2010, as recommended, is $259,814 of which the recommended 2% increase does
not apply to Canada's Technology Triangle, the Waterloo Region Small Business Centre or the
Greater Kitchener Waterloo Chamber of Commerce Health Care Recruitment Council. The
Board of Directors for both Canada's Technology Triangle and the Waterloo Region Small
Business Centre approved a zero increase to the grant funding request for 2010.
CONCLUSION:
The organizations applying for 2010 Economic Development Grants contribute to the ability of
the Waterloo Region to attract investment and talent. Their programming is aligned with the
City's Economic Development Strategy. City of Kitchener Staff will work with each of the funded
organizations to identify and report on performance metrics resulting from their 2010 grant
allocations.
ACKNOWLEDGED BY: Rod Regier
Table 1. Summary of 2010 Economic Development Grants
Grant Recipient
2010 Funding
Services Provided and
Economic
Approach
Community Outcome
Development
Strategy Alignment
Greater Kitchener
Annual grant
Promotion and
3.0 — Creating,
Waterloo Chamber of
commitment $20,000 per
recruitment services to
Attracting, Retaining
Commerce Health Care
year
encourage physicians to
and Developing
Recruitment Council
(2006 -2010)
locate in the region —
Talent
objective is attracting and
retaining employees for
regional employers
Business & Education
$5,202 plus a 2%
Assist youth in career
3.0 — Creating,
Partnership of Waterloo
increase for a 2010 total
exploration opportunities
Attracting, Retaining
Region
of $5,306
and Developing
Talent
Junior Achievement of
$5,100 plus a 2%
Economics of Staying in
3.0 — Creating,
Waterloo Region Inc
increase for a 2010 total
School program —
Attracting, Retaining
of $5,202
encourages youth to
and Developing
remain in school to
Talent
acquire knowledge,
attitudes and skills
necessary to develop a
successful career
Skill Canada — Ontario
$5,202 plus a 2%
Support the education of
3.0 — Creating,
increase for a 2010 total
careers in skilled trades
Attracting, Retaining
of $5,306
to youth
and Developing
Talent
Waterloo Region Small
$75,000
Support the Waterloo
6.0 — Growing Small
Business Centre
Region Small Business
Business
Centre encourage and
contribute to the
enterprising spirit and
economic development of
the community
Canada's Technology
$149,000
Continue to support the
Identified in the
Triangle
regional economic
Economic
development partnership
Development Toolkit
marketing Waterloo
as a partnership to
Region and the cities of
attract new
Cambridge, Kitchener
investment and
and Waterloo to the world
economic activity