- 1. June 2013 ECONOMIC DEVELOPMENT & TOURISM COMMUNITY REPORT Manufacturing Leads Employment Growth AccesstonewdatashowsOwenSoundsemployment growing since 2006 has risen to 17,282 jobs in 2012. This growth is one of the largest in the region and outpaces the provincial average. Most surprisingly the growth has been strongest in our manufacturing sector which now has 2,441 jobs. The new data clearly highlights Owen Sounds diverse economy and regional strength. For example, the next largest employment area is Collingwood with 11,295 jobs. DIA Celebrates 40th Anniversary The Downtown Improvement Area held a grand birthday party at the H20 Lounge to celebrate its 40th anniversary. Businesses, staff and former DIA board members enjoyed the trendy and cool atmosphere of the H2O Lounge with food and drinks, games of chance, a candy bar and photo booth. It was a smashing success. Look for next years event. June 2013COMMUNITY REPORT Local Economic Indicators: 2009 2010 2011 2012 2013 (to date) Enterprise Centre 1,005 clients 1,291 clients 1,732 clients 2,172 clients 502 clients (April) Tourism Office 11,796 visitors 11,631 visitors 6,934 visitors*** 6,808 visitors 932 visitors (May) Business Licenses 49 54 32 40 31(May) Building Permits** $23.6 million $71 million $15.9 million $22 million $2.5 million (May) Number of new homes 47 51 27 52 8 (May) Downtown Vacancy* 16% 16% 17% 13% 10% (April) Average Home Price $214,515 $222,413 $199,000 $202,669 $194,618 (Spring) Unemployment Rate (Region 580 Bruce/Stratford - Stats Canada) 6.9% 6% Dec. 8.3 % April 7.3% February 4.6% August 5% (April) Employment 16,845 16,737 17,139 17, 282 17,519 (projected) *Downtown vacancy for 2nd Ave East between 10th and 8th Street. ** 2010 New Family Health Team construction resulted in significant increase for 2010 *** 2011 first year of seasonal operations Welcome Winners, Michaels and Value Village Its exciting to welcome new retail box stores to Owen Sound. The new stores are part of a larger retail development that will add to the commercial draw and variety of shopping for regional residents and visitors. City Council Tours Bruce Power Bruce Power has a huge impact on Grey and Bruces economy. It is important to understand the opportunities at Bruce Power and to communicate the Citys support for new investment and growth. As the worlds largest nuclear facility and a significant regional employer, Bruce Power directly supports our local economy and local business. For example, MacLean Engineering recently designed and built a new transportation vehicle for the nucleur plant. New Downtown Condos - Where you want to live! Two new condo projects downtown have been announced: The Sydenham located in the former Todds building overlooking the river, and the Centre Suites on the top floors of the Professional Centre on 3rd Ave. East. Both will provide modern new housing close to downtown restaurants, farmers market, shops and waterfront trails. Downtown Filling Up! The vacancy rate for Owen Sounds main street has dropped below 10%, its lowest in five years! A number of new stores have opened recently adding to the vitality and vibrancy of the downtown. The newly expanded Runners Den, Cora Couture, Villa Nina Bistro and the Owen Sound 100 Mile Store & Gluten-Free Bakery are examples of new services and retail stores. Economic Development & Tourism Department www.owensound.ca www.owensoundtourism.ca www.owensoundbusiness.ca Connect with us ... Economic Development & Tourism Department www.owensound.ca www.owensoundtourism.ca www.owensoundbusiness.ca Connect with us ... Runners Den has the inside track!
2. June 2013COMMUNITY REPORT Tourism Doubles Facebook Fanbase We now have over 1,275 fans on Facebook more than double our number a year ago and are approaching 900 followers on Twitter. The Owen Sound Tourism YouTube channel has 16 videos and our latest, Owen Sound Where you Want to Live, has been viewed by more than 4,000 people. Check them out: www.facebook.com/OwenSoundTourismandEvents www.twitter.com/OSTourism www.youtube.com/OwenSoundTourism 1155 First Ave W, Owen Sound 519-371-9833 www.owensoundtourism.ca email@example.com 1,275 Stay Connected With Events Newsletter Whats happening Around the Sound? Find out in our new weekly e-blast, Around the Sound, detailing all coming events and tourism-related news. Sign up for the free on-line bulletin or submit an event by visiting www.owensound.ca/play/this-weeks-events. Visitor Centre Ready for Summer Guests The Owen Sound Visitor Centre on the harbour is now open seven days a week for the summer season. We have postcards, souvenirs and of course, visitor information about Owen Sound and area. If you would like to have any of these materials available at your place of business, please give us a call at 519-371-9833 or drop by in person and say hello to our new summer team: Lauren Fletcher, Laura Robinson and Meredith Turner. Economic Development & Tourism Department www.owensound.ca www.owensoundtourism.ca www.owensoundbusiness.ca June 2013COMMUNITY REPORT Entrepreneurs now under ONE Umbrella Connect with us ... The Business Enterprise Centre- Owen Sound and Area is part of the launch of the newly re-branded Ontario Network of Entrepreneurs (ONE). This initiative brings together Small Business Enterprise Centres, Regional Innovation Centres, Business Advisory Services and Northern Development and Mines Regional Economic Development Offices under one umbrella. The delivery of this new network of ONE centres Business Enterprise Centre - Assisting Small Businesses The Business Enterprise Centre-Owen Sound and Area opened its doors in 2000 to meet the needs of entrepreneurs and small business owners. BEC provides a complete Business Resource Centre experience where Entrepreneurs can find assistance, expertise and information for the purpose of starting, growing or expanding a small business. BEC provides support and guidance to local business owners through confidential one on one no fee consultations, resources, workshops and seminars. Contact The Business Enterprise Centre, Owen Sound & Area for any assistance and with any questions. 519-371-3232 173 8th Street East, Owen Sound www.owensoundbusiness.ca firstname.lastname@example.org Tourism Developing New Salmon Tour Owen Sound Tourism was recently granted $10,000 towards developing a new visitor experience -- a self-guided tour centering on the annual fall Salmon run on the Sydenham River. The tourism office will be partnering with Regional Tourism Organization 7 (RTO7) and working with the Grey-Sauble Conservation Authority and the Sydenham Sportsmen group on the project. The salmon run tour is expected to draw interest from nature lovers, families, and new Canadians in the GTA and Southwestern Ontario. A web site, interpretive plaques, printed material and a video will be developed to support the experience. TOURISM is a key priority of the Ministry of Economic Development, Trade and Employment and the Ministry of Research and Innovation. The goal is to ensure that small- and medium- sized businesses are connected to the business advice and in-person assistance they require, in a quick and convenient manner. To support the launch of the new ONE network, check out the new website, www.ONEbusiness.ca, which enables entrepreneurs to find the closest ONE centre location that specifically suits their needs. General information for starting, growing and financing a business is also available on the website. Economic Development & Tourism Department www.owensound.ca www.owensoundtourism.ca www.owensoundbusiness.ca Connect with us ... Are you interested in Self Employment? You can turn that dream into a viable option. The Business Enterprise Centre is here to assist. The Ontario Self Employment Benefit Program is an Employment Ontario Program designed to provide Employment Insurance eligible or Reachback clients with income and entrepreneurial support while they develop and implement their business plan. The next intake is July. Find out if this program is for you by calling the Business Enterprise Centre at 519-371-3232. Why not choose Self Employment as your next job?