GHP Slide Deck
UNSM AND ONE NS
DATE: MAY 23TH, 2014
Fred Morley,
Executive VP & Chief Economist
Greater Halifax Partnership
THE IVANY REPORT
THREE BASIC MESSAGES
There is a crisis
We are not doomed
Biggest barrier is the lack of a shared commitment to economic development
NET MIGRATION FROM REST OF NS
-500
0
500
1000
1500
2000
2500
3000
3500
4000To Halifax To Other Provinces
hi
CONTESTED IDEAS
Public vs. private roles in the economy
Roles of the business communityif we need to have more business they need to be home grown, small and slow growingnot come from away or successful
Use of our natural resources
Urban vs. rural
Zero sum
RECOMMENDATION 18: REFORM OF
MUNICIPAL GOVERNMENT
Greater services efficiency
Fairness of current distribution of service responsibilities
Greater role for communities in economic development
Streamlining services to business
Reduction in regulatory burden
Alignment of tax policy with growth objectives
RESTRUCTURE???
Population Growth
More High Wage Jobs
Incremental Municipal Tax From Growth
THREE BIG OBJECTIVES
ECONOMIC DEVELOPMENT APPROACHES
GREATER ROLE IN ECONOMIC
DEVELOPMENT FOR MUNICIPALITIES
Export Promotion
Economic Growth
Brand & Marketing
Attractive Business Climate
Finance &
Incentives
Strategic Infrastructure
Community & Business Partnership
Business Retention and
Expansion
Investment Attraction
Skilled and Educated
Labor Force
Progressive & Positive Attitude
CLIENT SERVICEA GOOD BUSINESS
CLIMATE
STARTING A RESTAURANT
TALENT INITIATIVES
OLD BOYS NETWORK
HOW DOES CONNECTOR WORK
Match
Connect
Refer
RESULTS OVER THE LAST 3 YEARS
641 connectors
1022 connectees
447 jobs
NATIONAL CONNECTOR PROGRAM:
NEW PROSPECTS
Edmonton, AB
Yellowknife City, NW
Scarborough, ON
St. John's
Montreal, QC CRE
Toronto, ON
Winnipeg, MB
Saskatoon, SK
Province of British Columbia
Technologists Industry Program
BUSINESS RETENTION & EXPANSION (BRE)
What?
Working with existing business
Why?
To work with employers to overcome challenges and take advantage of opportunity
Deal with systemic issues
Most jobs from existing business
How?
Face to face meetings with CEOs.
Real-time problem solving.
Analysis
Constant business climate improvement.
BUSINESS RETENTION & EXPANSION (BRE)
BUSINESS CLIMATE INDIVIDUAL RATINGS
0% 50% 100%
Workforce quality
Workforce availability
Municipal government regulation
Provincial government regulation
Federal government regulation
Municipal tax structure
Provincial tax structure
Federal tax structure
Workers compensation rates
Recreational/Cultural amenities
Housing
P-12 education
Universities
Community college
Economic development organizations
Provincial highway systems/conditions
Air access
Port facilities
Rail services
Shipping and transport
Utility/Electricity
Phone/Cell phone
Internet/Broadband
Share of Respondents
Poor Fair Good Excellent
MUNICIPAL SERVICES
Public water
Public sewer
Municipal bylaw enforcement
Building inspection/permitting
Zoning/Land use
Local road network/condition
Police protection
Public transportation
-100.0% -50.0% 0.0% 50.0% 100.0%
Index of Performance
INNOVATION STRUCTURES
Labour market programs
Business climate improvement
BRE
Incubators
Accelerators
Mentoring
Financing Tools
Innovation Engineering
Economic Gardening
REALLY BIG QUESTION
Any community can adopt a range of innovation structures..
What makes some communities successful and some not?
ATTITUDES
INNOVATION CULTURE
Single goal
Collaboration
Region over company
Risk taking
Relationships
Trust
Leadership
Partnerships
Can do attitude
ACTIVIST PESSIMISM
ACTIVIST PESSIMISM LEADS TO THIS
ZERO SUM THINKING
0
0.5
1
1.5
2
2.5
0 0.5 1 1.5 2 2.5
Y-Values
without growth there must
be one winner and one
loser, for every gain there is
a loss."
Zero sum frontier
ZERO SUM VS. GROWTH THINKING
0
0.5
1
1.5
2
2.5
0 0.5 1 1.5 2 2.5
Y-Values
Economic Growth
@
THE POWER OF ONE
How we implement the Ivany Report
#HFXPLEDGE
Pledge A commitment on how to act and behave in an ecosystem
#myHFXpledge I am joining a unified community of people who share a common goal of social and economic prosperity and a belief in a collaborative and innovative culture. I am open to meeting anyone in this community. I will dream, listen, experiment, and persist.
- Rules of the Innovation Ecosystem
1. Be bold
2. Extend trust and be trusted
3. Challenge active pessimism
4. Experiment and iterate together
5. Be a champion
6. Celebrate success
#HFXPLEDGE
Pledge A commitment on how to act and behave in an ecosystem
#myHFXpledge - I am joining a unified community of people who share a common goal of social and economic prosperity and a belief in a collaborative and innovative culture. I am open to meeting anyone in this community. I will dream, listen, experiment, and persist.
Rules of the Innovation Ecosystem
1. Be bold
2. Extend trust and be trusted
3. Challenge active pessimism
4. Experiment and iterate together
5. Be a champion
6. Celebrate success
#HFXPLEDGE
Pledge A commitment on how to act and behave in an ecosystem
#myHFXpledge - I am joining a unified community of people who share a common goal of social and economic prosperity and a belief in a collaborative and innovative culture. I am open to meeting anyone in this community. I will dream, listen, experiment, and persist.
Rules of the Innovation Ecosystem
1. Be bold
2. Extend trust and be trusted
3. Challenge active pessimism
4. Experiment and iterate together
5. Be a champion
6. Celebrate success
#HFXPLEDGE
Pledge A commitment on how to act and behave in an ecosystem
#myHFXpledge - I am joining a unified community of people who share a common goal of social and economic prosperity and a belief in a collaborative and innovative culture. I am open to meeting anyone in this community. I will dream, listen, experiment, and persist.
Rules of the Innovation Ecosystem
1. Be bold
2. Extend trust and be trusted
3. Challenge active pessimism
4. Experiment and iterate together
5. Be a champion
6. Celebrate success
#HFXPLEDGE
Pledge A commitment on how to act and behave in an ecosystem
#myHFXpledge - I am joining a unified community of people who share a common goal of social and economic prosperity and a belief in a collaborative and innovative culture. I am open to meeting anyone in this community. I will dream, listen, experiment, and persist.
Rules of the Innovation Ecosystem
1. Be bold
2. Extend trust and be trusted
3. Challenge active pessimism
4. Experiment and iterate together
5. Be a champion
6. Celebrate success
#HFXPLEDGE
Pledge A commitment on how to act and behave in an ecosystem
#myHFXpledge - I am joining a unified community of people who share a common goal of social and economic prosperity and a belief in a collaborative and innovative culture. I am open to meeting anyone in this community. I will dream, listen, experiment, and persist.
Rules of the Innovation Ecosystem
1. Be bold
2. Extend trust and be trusted
3. Challenge active pessimism
4. Experiment and iterate together
5. Be a champion
6. Celebrate success