IPG 2012 Powerpoint Template - City of Prince Georgeprincegeorge.ca/cityhall/mayorcouncil/councilagendasminutes/Agen… · In 2013 business locations went up from 5,951 in 2012 to

Prince George City Council 2015 Budget Presentation

October 22, 2014 Heather Oland, Chief Executive Officer

Initiatives Prince George

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2014 Board of Directors & IPG Team

• Steve Nycholat, Chair • Greg Stewart, Vice Chair • Sean Kehler, Treasurer • Bob Redden, Secretary • Doug Bell • Colleen Sparrow • Sonya Hunt • Charles Jago • Ken Gebauer • Beth James, Ex-Officio • Jim Martin, Ex-Officio

• Heather Oland, CEO • Sarah Kirk, Manager of

Administration • Christina Doll, Manager Marketing

and Communication • Melissa Barcellos, Economic

Development Officer • Neil O’Farrell, Business

Development Officer • Zishan Shah, Trade Development

Officer • Jill Mooney, Administrative

Coordinator • Clark Grieve, Research Officer

Initiatives Prince George Economic Development Corporation I Tel. 250.564.0282 I www.initiativespg.com

Core Values

• Commitment to the relationship with the City as our shareholder • Respect for the city’s role in the regional context • Commitment to working in collaborative partnerships • Exemplary customer service • Contribution to an innovative, high functioning, fun team

environment • Commitment to professional integrity, accountability, transparency • Practice of fiscal prudence • Practice of effective, corporate governance and organizational

excellence


2014-2016 Strategic Plan

Initiatives Prince George’s Strategic Objectives: • Facilitate current business retention and growth • Attract businesses to expand and diversify the economy • Advocate for increased work force capacity • Market Prince George to facilitate retention and attraction of

business and population • Organizational Excellence


Statistical Results 2014 YTD Population: 74,133 (2013)1

Five year average annual growth: + 0.8%

Seventh consecutive year of population growth, with the population growing 0.3% between 2012 and 2013.

Employment: 52,300 (Year-to-date)

Five year average annual growth (2009-2013): + 2.1%

The city added 3,000 new jobs between January-August 2014, with employment growth of 6.0% year-to-date. The city added more jobs in the first 8 months than in last 3 years. Year-to-date average unemployment rate in Prince George is 5.4%. During August, the unemployment rate fell to 4.6%, lowest during the year.

Business Location Counts: 6,221 (2013)

Five year average annual growth (2009-2013): +0.74%

In 2013 business locations went up from 5,951 in 2012 to 6,221 in 2013, an increase of 4.5%. The positive growth in 2013 is greater than the combined growth during last 4 years.

Building Permits: $96.5 million (Year-to-date)

Five year average annual growth 2009-2013: + 9.1%

Year-to-date the value of permits for alteration and expansion for industrial and commercial buildings grew by 700% and 50% respectively. Year-to-date the value of building permits increased by 5.6% compared to 2013.

Average House Price: $275,353

Five year annual growth (2009-2013): + 1.5%

The average home price rose from $259,962 in 2013 to $275,353 in 2014(August), an increase of 5.9%.

Passengers, Prince George International Airport (YXS): YTD - 290,243 Five year average annual growth (2009-2013): + 0.5%

Prince George International Airport is set to record all-time high record in 2014 surpassing their previous record (426,709) of passengers travelled through the airport in 2013.

1 This number is an estimate provided by BC Statistics.

Initiatives Prince George Economic Development Corporation I Tel. 2S0.564.0282 I www.initiativespg.com

Business Retention & Expansion 2015

• Design of Business Retention & Expansion program (Q4 2014)

• Continued survey of Prince George businesses • Prince George Business Directory & Welcome to Prince

George • On the Move Business of the Month videos • 2015 Canada Winter Games Activation • Business Education Workshops


Investment Attraction 2015

• Design Target Sector Marketing Strategy – Domestic and Foreign Direct Investment

• Begin Implementation of Marketing Strategy • Investment Inquiries and Delegations • Leverage provincial and federal resources for

international investment – Trade and Investment Offices and Provincial Nominee program

• Advocate for Industrial Land Development


2013 Investment Attraction – No. and Type of Inquiries

• Year to Date, IPG has been actively working with 47 of prospect inquiries

55% 45%

Active General Inquiries vs. Active Prospects Inquiries

(January to September 2014)

General Inquiries

Prospect Inquiries

81%

11% 8%

Status of Total Prospect Investment Inquiries Received to YTD …

Open

Closed - Win

Closed - Loss

• •


• • •

2013 Investment Attraction

17%

2%

4%

7%

4%

2% 2%

30%

0%

4%

9%

13%

6%

Total Active Prospect Investment Inquiries: Breakdown of Sectors

Accommodation and Food Services

Administrative Support & WasteManagementArts, Entertainment & Recreation

Construction

Educational Services

Finance, Insurance, Real Estate andLeasingManagement of Companies

Manufacturing

Mining oil & gas

Professional, Scientific and TechnicalServicesReal Estate, Rental and Leasing

Transportation & Warehousing

Wholesale Trade

• • • • • • • • • • • • •


2014 YTD Investment Attraction – Delegations

0

1

2

3

4

5

6

7


Workforce Expansion & Population Growth 2015

• Implementation of City-Wide Population Attraction Plan – Move Up Prince George – Targeted Advertising Campaign – Job Fairs – Post Secondary Recruitment Hosting – Employer Engagement


Communications

• Committed to timely and transparent communications with shareholder and target audiences to achieve organizational goals by enhancing awareness about IPG and Prince George

• Target Audiences: • Local businesses, potential investors, local and potential residents

• Main Communications Tactics: • Website • Monthly ‘On the Move’ Newsletter and Economic Update report • Social media • Traditional media


2014 Financial Reporting

$1,024,904 83%

$166,037 13%

$47,501 4%

Total Actual Revenue 2012 ($1,238,442)

CPG

Other Public

Private

$1,024,904 69%

$288,725 19%

$182,190 12%

Total Actual Revenue 2013 ($1,495,819)

CPG

Other Public

Private

$1,024,904 65%

$296,400 19%

$257,189 16%

Total Projected Revenue 2014 ($1,578,493)

CPG

Other Public

Private

• • •

• • •


• • •

2014 Financial Reporting

$712,146 49%

$231,535 16%

$517,495 35%

Total Actual Expenses 2013 ($1,461,176)

Salaries, Benefits &Consulting

Operating Expenses

Program Delivery$760,540 66%

$188,370 16%

$209,515 18%

Total Actual Expenses 2012 ($1,158,425)


Operating Expenses

Program Delivery

$606,831 39%

$242,929 16%

$716,505 45%

Total Projected Expenses 2014 ($1,566,265)


Operating Expenses

Program Delivery

• • • • • •

• • •


2015 Budget

$1,045,398 68%

$288,209 19%

$206,794 13%

Budgeted Revenues 2015 ($1,540,401)

CPG

Other Public

Private

$591,593 38%

$198,528 13%

$750,280 49%

Budgeted Expenses 2015 ($1,540,401)


Operating Expenses

Program Delivery

• • •


• • •

Please contact: Heather Oland, CEO

Initiatives Prince George [email protected]

250.564.0282

Twitter: @InitiativesPG Facebook: www.facebook.com/InitiativesPG YouTube: www.youtube.com/InitiativesPG

Questions?


mailto:[email protected]

http://www.facebook.com/InitiativesPG

http://www.youtube.com/InitiativesPG

Documents

IPG 2012 Powerpoint Template - City of Prince Georgeprincegeorge.ca/cityhall/mayorcouncil/councilagendasminutes/Agen… · In 2013 business locations went up from 5,951 in 2012 to