SCOR EDC PRESENTATION

TO

INGERSOLL

2013

VISION

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SCOR Partners recognize the ongoing need for:

• Regional leadership and collaboration

• Vision and commitment to change

• Commitment to sustained implementation

• Accountability to partners

• Pooled Funding

In 2020, SCOR has a sustainable, prosperous and diverse economy,

driven by innovation.

SCOR STRATEGIC

UPDATE 2013

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SOMA

SCOR EDC STRATEGIC

UPDATE 2013

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STRATEGY # 1

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INFRASTRUCTURE THAT FOSTERS ECONOMIC DEVELOPMENT

HOW WE ARE DELIVERING ON STRATGY #1

• RED Planning & Implementation

• BR & E

• Provincial Policy Input

• Provincial Transportation Panel

• Asset Management

STRATEGY # 2

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DEVELOPMENT OF HUMAN CAPITAL

HOW WE ARE DELIVERING ON STRATGY Strategy # 2

• EmployerOne Survey implemented region wide

• Youth Employment collaborating with Workforce

Planning Boards

• Action Lab forums with Rural Ontario Institute

The development of human capital with the appropriate

and required skills to support economic development

Challenges: Workforce

and Employment • Small and medium

enterprises are the largest

source of employment in

SCOR.

• More than half of the

businesses in June 2011 did

not employ staff. This

demonstrates thriving

entrepreneurship and

innovation in the region

• Large companies only

account for 1% of business

in SCOR

STRATEGY # 3

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SECTOR DEVELOPMENT:

FOCUSED

ON AGRICULTURE & FOOD

HOW WE ARE DELIVERING ON Strategy # 3

• FoodHub Distribution System

• Regional Woodlot and Chain of Custody Certification

• Continued support of sectors development such as

Hazelnuts, Wine & Grape Growers, Lavender

Advantages of

Partnership

• Improved access to Federal and Provincial government; we are fulfilling their request to speak with “one voice”

• Access to data, information and experienced economic

development staff at comparative great value

• Continued collaboration and commitment to neighbours

and other partners for projects that require demonstrated partnership.

• We continue to advocate and our advice sought by

upper levels of government : for example, Greenbelt

Foundation sought out SCOR for a regional food forum

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Advantages for

OXFORD • SCOR has been a resource for local Economic Development

staff on projects within Oxford

• Since Oxford does not have EDO’s at the County level SCOR

has tried to provide a bridge between inquiries and staff who

perform economic development functions such as CAO’s

• SCOR has worked with the rural communities in Oxford on their

BR & E efforts which helped to identify the need for a rural

economic development officer

• Oxford Workforce Plans came in part from SCOR ‘s strategic

update

• Reports to Chambers and BIA’s regarding the competitive

analysis, attractiveness indicators alone are worth between 10-

20 thousand if purchased separately

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OUTCOMES

• Agricultural industry development: (In collaboration with

EIC including):

o Hazelnut Industry Development,

o Lavender Association,

o South Coast Wineries

o Woodlot and Chain of Custody Certification

o Hosted Financing Innovation Workshops

• SWODF Funding

• Source Water Protection Implementation Funding

• Hosted Performance Measures, Analyst Training, Planning for Economic Development Workshops

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Just Oxford: • Workforce Plan & Youth Employment

• Maple Products Group

• Support for Rural Oxford BR & E

• Investment / expansion support

• Support for Newcomer Attraction project

• Oxford Workforce Committee

Organizations that have

Benefitted

Region wide : • Elgin Middlesex Oxford Workforce Board – EmployerOne survey

• SCOR Business Portal – over 100 follow-up calls & referrals

• South Coast Wines and Growers Association

• Ontario Lavender Association

• Barn Quilt Trail

• Studio Tour Marketing Network

Sand Plains Community

Development Fund

• Loan Repayments = $1,634,845 in principal repaid with $769,139 in

interest collected

• Growth of Portfolio is 5.17%

26 Community Development Support Projects valued at $2,689,850

• Jobs influenced by projects increased from 86 to 97

• Leveraged funds increased from $3.55 M to $4.89 M (Ratio of 1.82)

52 Access to Capital Loans valued at $10,693,000 disbursed:

• Jobs influenced by loans increased from 689 to 729 (6% )

• Leveraged funds increased from $29.22 M to $31.96 M (Ratio of 2.99)

STILL AVAILABLE TO LEND!

$2,310,107

Advocacy & Connecting

• Advocacy for and influence on the development of the SWOD fund

• Meetings with MP’s & MPP’s to ensure rural and small urban views are

considered

• OMAFRA-Deputy Minister and Senior Staff

• FedDev

• Advocacy for PPS changes that support rural Ontario

• AMO / ROMA Delegations

• Providing Connections for partner counties at all levels:

staff and political

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Thank You!

Any Questions?

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