Municipality of Wawa - Economic Development Corporation of Wawa

2014 ANNUAL
REPORT
2014 EDC BOARD
EDC GOALS & OBJECTIVES
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Goal 1. Maximize Local Business Development
and Growth
Goal 2. Support Business Retention and
Expansion
Goal 3. Foster and Grow Entrepreneurs
Goal 4. Be Ready to Attract Investment
Goal 5. Prepare the Local Workforce
Goal 6. Improve the Overall Community
Goal
- BUSINESS SUPPORT
ASSISTANCE PROVIDED
• Accessed funding from SSM Innovation Centre –
Product Testing and Research ($17,000 - 4x’s)
• Two NOHFC Application Approved ($100,000+)
• Two YES Youth Applications Approved ($6,000)
• One Application Submitted ($150,000 pending)
• Information Sharing – Funding, Jobs, Land Sales
• Other - Webcams,
Wawa Music Fest, BIA
2014 WAWA MINING WEEK
Goal -
GROW ENTREPRENEURS
Entrepreneur Support –
Assisted 35 business clients and
entrepreneurs with business plans,
funding applications, land,
marketing and info. Four
businesses received funding
support. Est. Value: ~ $120,000
Workshops – Six training
seminars including Forestry,
Business Start-Up, BIA
Luncheon, Energy Programs…
200+ people attended
Est. Value: $15,000
YOUTH ENTREPRENEURS (MYOB)
May 2013 to March 2014
Provincial Grant of $29,000 of $58,000 project
Youth 15-29 exposed to entrepreneurship skills
Doers Business Plan Challenge – 16 Entries
Sponsored by Prodigy-Argonaut - $2,000 cash
Recognized by EDAC – Received Award
Two youth business were
approved for $$$
Goal
– BUILD INVESTMENT
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The prevalent labour market issue facing
the Algoma District is an aging & declining
workforce...over 20% of today’s workforce
is over 55.
The most discussed priority was the need to
attract more people and retain those that
current reside in the area–in particular
youth. This is easier said than done and any
attraction/retention strategy would have to
be multifaceted and include many partners.
MEDT Youth Fund - Funding $80,000
Youth (15-29) Not In School or Working
Essential Work Skills and Ten Certificates
Two 20 Week Intakes - 40 Registered & 30 Graduated
Strong Partners - ADSAB Ontario Works, MFN, North Algoma
Literacy, REHC, Confederation College, SECFDC
Other contributors - Rotary, Ice Fishing Derby, ADSAB,
Ontario Works, REHC, Superior East CFDC, AWIC $80,000
100% would recommend program,
60% return to school, 30% working
Goal
– COMMUNITY EVENTS
MTCU JCP Funding - $43,000
Hire Two Event Coordinators -40 wks.
Assist MHS Reunion - 750 people
Organize Broadway Block Party – Sales 50%
Coordinate Volunteers for Drag Race
200 Volunteers, 65%, Profit $20,000
Help Fall Fair - 35 vendors
Run Artisan Tour - 7 artists, 200+ visitors
WAWA ENERGY PLAN
Identify the best possible energy
efficiency and green energy options.
Ministry of Energy $37,500
Municipality $30,000+
Algoma Power Inc. $1,000 +
EDC of Wawa $6,500+
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MUNICIPALITY OF WAWA
MAYOR & COUNCIL & STAFF
EDC OF WAWA
DIRECTORS
PLAN MANAGER
EMILY CORMIER
JIM MCHARDY
COMMITTEE
CHAIR
CHRIS WRAY
(CAO)
JASON
MORRISON ( GIS)
KARRY ANNE
CAMPBELL
(MNRF)
ANDY STEVENS
(EDC BOARD )
MIKE ABBOTT
(PUBLIC)
JODY TAIT
(ALGOMA POWER)
RON RODY
(MAYOR)
RUSSELL REID
(EDC BOARD)
YVAN BESNER
(COUNCILLOR)
MAURY O’NEILL
(CEO EDC)
TOTAL INQUIRIES 2009 – 2014
Total of Incoming calls, Visits and Web visits
62156
70000
60000
50000
43183
45825
63469
47971
40000
30000
20000
10000
0
2010
2011
2012
2013
2014
2012-2014 (calls, visits, web) = 32% increase
2014 INQUIRIES – Calls and Visits Only
542
Visits
2014
2013
2012
Calls
0
200
400
600
800
1000
1200
2013-2014 Calls 8%  Visits 3%
2014 FUNDS LEVERAGED
Direct Grants - $180,000
• MTCU – Job Creation Project - $43,000
• MEDT Youth Training - $81,000  +$30,000 2015
• MOE Wawa Energy Plan - $38,500  $15,000 in 2014
• Other – Intern, SECFDC 2014 - $25,600
• REHC Youth Fund - $15,400
Indirect Grants (est.) - $215,000+
2014
• Entrepreneurs - $120,000
Leveraged~
• Hawk Junction Hall - $60,000
$425,000+
• High School Reunion - $5,000+
• Webcams $5,000+
• Other – Drag Race, Wawa Music Fest - $25,000+
In-Kind Leveraged - $30,000+
2014 RETURN ON INVESTMENT
2014 Estimated ROI
Direct
$180,000
Indirect (Clients)
$120,000
Other (Supported Projects)
$95,000
Workshop/Board In-Kind
$30,000
Total Leveraged
$425,000
Note: Does not include spin-offs/indirect/induced.
Economic Impact  $1,000,000
2014 RETURN ON INVESTMENT
Council provided $150,000 in 2014,
representing about 1.25% of Municipality’s
total budget expenses.
The EDC estimated return on this cash
investment is more than 3 x’s an
equivalent value from other
sources.
Does not include indirect, induced or unknown impacts
Difficult to measure the full return
Not all clients share information
EDC 2015 WORKPLAN
Draft EDC Plan
February 2015
Review and
Comment
March 15, 2015
Approve EDC
Work Plan
April 7, 2015
Align with Council and Community Economic
Plans, Goals & Priorities for 2015-2016
(Protocol Agreement)
Include Priority Projects from Community
Strategic Plan, Wawa Mining Study, Labour
Force Needs Forecast Reports (AWIC)
Municipality Contribution $150,000 – 0%
2015 EDC Operating Budget Est. $239,000
EDC 2015 WORKPLAN
Complete Wawa Energy Plan with Actions
Finish SPSY Youth Training Program
Perform Seniors Housing Assessment
Support Tourism, Mining, Forestry
Investigate Natural Gas & Bio-Energy
Assist with Age Friendly Community Grant
Partner with Business, Municipality, BIA
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Create Five-Year Focused Action Plan
Reinforce Wawa Vision & Goals
Host Mayor’s Economic Summit
Develop Action Plan with
timelines/budget/measures
Implement & access funding
Monitor, evaluate plan and report
Be Proactive, Efficient, Effective,
Affordable, Inclusive Partners
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Remember... your community is not judged
by where you are today. Your community is
judged by where it is going. A community's
forward momentum can drive investment
interest. In short, the community that invests
in itself will be significantly more successful
than the community that waits for someone
outside to invest.