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A G R E AT E R HA L IFA X
2011-16 E C ONOMIC S T R AT E G Y
                   F OR HA L IFA X


                    PRESENTED TO:
         HALIFAX REGIONAL COUNCIL
                      March 22, 2011
C ONS ULTAT ION A ND E NG A G E ME NT

• Over 330 stakeholders participated in two rounds of
  consultations
• Over 100 people completed the online survey
• Over 400 citizens completed a public opinion survey
• Over 2000 social media followers received 10+ strategy updates
• Over 5000 Partnership email contacts received over five strategy
  updates
• Over 770 visits to the microsite
• 8 advertisements in the Chronicle Herald
• Media coverage in Business Voice and Chronicle Herald
• Endorsement by Steering Committee, Mayor’s Economic Advisory
  Committee and HRM’s Community Planning and Economic
  Development Standing Committee                                   2
V IS ION

Our five-year economic strategy:

   As the economic engine for the region, Halifax is a truly
  International city where people can learn, easily start and
grow a business, capitalize on ideas, and live within a diverse,
             vibrant, and sustainable community.




                                                                   3
S T R AT E G Y A P P R OA C H

                          Economic Growth

ALIGNMENT                                                           OUTCOME
                                                                    MEASURES
   Business
   HRM                  BUSINESS PRODUCTIVITY & GROWTH EFFORTS
   Provincial           Maximizing Opportunities – Retention,
    Government
                            Attraction, Creation, Expansion
   Federal
    Government
   Not-for-profit
   Post-secondary
   Community
                                        ENABLERS
                                  Marketing, Research



                                      FOUNDATIONS
                        Talent, Regional Centre, Business Climate



                                                                               4
WHAT DOE S S UC C E S S L OOK L IK E

What will Halifax look like in 2016 when we have achieved
our vision? We will have:

•   More Businesses, More People
•   Larger Labour Force Responsive to Business Requirements
•   Sustainable Economic Growth/Activity (GDP)
•   Higher Average Income
•   Cost Competitive and a Contagious Business Environment
•   Confident Business and Proud People
•   A more attractive and vibrant regional centre
•   An increase in tax revenue for the three levels of government

                                                                    5
R E G IONA L C E NT R E

Goal

Build a vibrant and attractive regional centre that attracts
$1.5 billion of private investment and 8,000 more residents
by 2016.

Outcome Measures
• Increase in building permits issued in Regional Centre
• Regional Centre population growth
• More private investment in Regional Centre ($1.5 billion)
• Public perception of downtown vibrancy
                                                               6
B US INE S S C L IMAT E

Goal

Foster a business climate that drives and sustains growth
through the removal of barriers to competitiveness and by
enhancing our strengths.

Outcome Measures
• Construction approval speed
• Perception of business climate
• Competitive levels of public investment
• Competitive business tax burden
                                                            7
TA L E NT

Goal
Create a welcoming community where the world’s talent can
find great opportunities, engaged employers and resources
for career advancement

Outcome Measures
• Attraction and retention of immigrants and students
• Employer attitude
• Perception of Halifax as a great place to live and work


                                                            8
INT E R NAT IONA L B R A ND

Goal

Create a unique, international city brand for Halifax

Outcome Measures
• Increase awareness and confidence in Halifax as
  international city
• Business confidence in Halifax (away and here)
• Brand recognition and adoption (here)



                                                        9
MA XIMIZE G R OWT H OP P OR T UNIT IE S


Goal

Capitalize on our best opportunities for economic growth

Outcome Measures
• Productivity
• Mayor’s Economic Advisory Committee’s assessment of
  partnership and alignment




                                                           10
IMP L E ME NTAT ION P R OC E S S

To ensure success:
• Action Teams will be established for each goal area
   comprised of no less than 50% business community
   representation and chaired by a business person.

• Each Action Team will define terms of reference, alignment
  and engagement agreements, and create/finalize
  implementation plans.

• Action Team leads will report to the Steering Committee
  with regular updates on performance against goals and
  objectives with recommendations for continuous
  improvement.
                                                               11
IMP L E ME NTAT ION P R OC E S S

• The Steering Committee will monitor and assess the
  performance of each goal area

• The Chair of the Economic Strategy Steering Committee will
  provide regular reports on overall performance to the Mayor’s
  Economic Advisory Committee, Halifax Regional Council and
  the Community Planning and Economic Development Standing
  Committee of Council to seek strategic advice and to ensure
  alignment with HRM’s priority setting and federal and provincial
  programs and policies

• The Greater Halifax Partnership will be the coordinating body
  for support to the Action Teams, Economic Strategy Steering
  Committee and the Mayor’s Economic Advisory Committee.
  The team will track and monitor progress against objectives        12
OPERATING ENVIRONMENT
                        Mandate                           Corporate Direction                           Tools, Resources
                   HRM Charter:                         HRM Corporate Plan                     HRM Business Planning Framework:
                   • Improve & promote commercial       Economic Prosperity Focus Area:        • Regulations, tax & policy
                     areas                              • Attractive regulatory, tax &         • “Open for business”, innovative
                   • Attract, encourage, promote          policy framework                       service delivery
                     industrial & commercial            • Coordinated infrastructure           • Infrastructure investments, public
                     development                          investments                            places enhancements
                   • Promote area for tourism &         • Innovative stakeholders who          • Safe, welcoming & diverse
                                                          work together




                                                                                                                                      Drive to Outcomes
                     business promotion                                                          communities
Policy Direction




                   • Manage business parks, incubator   • Recognition as an exciting place     • Culture, events, vibrant centres
                     malls                                to live and do business              • Well-planned, engaged communities
                   • Real estate sales & development    • Dedication to an open for            • Regional Plan implementation
                                                          business service delivery            • Aligned external partnerships
                                                          climate
                   Economic Strategy:
                   • Regional Centre                    Other Corporate Plan Focus Areas:    External Agreements & Partnerships
                   • Business Climate                   • Well planned & engaged             Funded agencies:
                   • Talent                                communities                       • DH - tourism marketing
                   • International Brand                • Safe, welcoming & inclusive        • GHP – business growth, community
                   • Maximize Growth Opportunities      • Clean, healthy environment            strategies
                                                        • Integrated, affordable             • TCL – events, venues, conventions
                    Provincial jobsHere Strategy:          transportation                    • BIDC’s – beautify, animate BID’s
                    • The right skills for right jobs   • Diverse lifestyle opportunities    Other Partnerships:
                    • Growth through innovation
                                                                                             • MOU’s with community partners
                    • More competitive globally
                                                                                             • Fed-Prov partnerships
                    Federal programs and policies




                                                           Metrics & Outcomes                                                         13
R OL E S

• Halifax Regional Council and Community Planning and
  Economic Development Standing Committee
   – Ensure ongoing alignment to HRM’s programs and policies

• Economic Strategy Steering Committee
   – Oversight and strategic guidance on ongoing
     implementation

• Mayor’s Economic Advisory Committee
  – Provide strategic advice on the issues, challenges and
    opportunities that impact implementation



                                                               14
R OL E S

• Goal Action Teams
   – Ensure agreement and alignment on objectives, the
     resource commitments to be made, and measurement

• Private, public and non-profit and voluntary sector and labour
   – Active participants in the oversight and alignment teams

• Greater Halifax Partnership
   – Lead and coordination of implementation
   – Lead the development and reporting of the Halifax Index

• Halifax Chamber of Commerce
   – Track and report on results and ensure that the strategy is
     responsive and accountable to the business community          15
HA L IFA X INDE X

• Tells the economic story of economic progress in our city

• It will measure:
   – The strength of economic growth
   – The pace of economic development and the health of
      our community
   – The sustainability of our approach
   – The quality of life

• Outcomes
   – A strategy progress report
   – A gut check
   – Keys to success
                                                              16
   – A blueprint for action
HA L IFA X INDE X: C OMP ONE NT S

• A scorecard of macro-economic indicators, benchmarking
  Halifax against other similar cities;

• Outcome measures that attach to and measure progress related
  to the strategic goals, objectives and actions of the Economic
  Strategy.

• Provide ongoing tracking of the state of Halifax’s business
  climate

• Produce an annual quality of place review

• The work of the Halifax Index will be undertaken by a research
  consortium lead by the Greater Halifax Partnership.

• It will be presented each spring to the community in partnership
                                                                     17
  with the Chamber as a replacement for the scorecard.
NE XT S T E P S

• Alignment, implementation and resourcing discussions
• Finalize content and design of final report
• Present final version of report to HRM Council and obtain
  endorsement
• Public launch of the Strategy




                                                              18
R E C OMME NDAT ION




  Halifax Regional Council endorse the 2011-2016
            Economic Strategy for Halifax
A G R E AT E R HA L IFA X
2011-16 E C ONOMIC S T R AT E G Y
                   F OR HA L IFA X


                    PRESENTED TO:
         HALIFAX REGIONAL COUNCIL
                      March 22, 2011

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A GREATER Halifax: 2011-16 Economic Strategy for Halifax

  • 1. A G R E AT E R HA L IFA X 2011-16 E C ONOMIC S T R AT E G Y F OR HA L IFA X PRESENTED TO: HALIFAX REGIONAL COUNCIL March 22, 2011
  • 2. C ONS ULTAT ION A ND E NG A G E ME NT • Over 330 stakeholders participated in two rounds of consultations • Over 100 people completed the online survey • Over 400 citizens completed a public opinion survey • Over 2000 social media followers received 10+ strategy updates • Over 5000 Partnership email contacts received over five strategy updates • Over 770 visits to the microsite • 8 advertisements in the Chronicle Herald • Media coverage in Business Voice and Chronicle Herald • Endorsement by Steering Committee, Mayor’s Economic Advisory Committee and HRM’s Community Planning and Economic Development Standing Committee 2
  • 3. V IS ION Our five-year economic strategy: As the economic engine for the region, Halifax is a truly International city where people can learn, easily start and grow a business, capitalize on ideas, and live within a diverse, vibrant, and sustainable community. 3
  • 4. S T R AT E G Y A P P R OA C H Economic Growth ALIGNMENT OUTCOME MEASURES  Business  HRM BUSINESS PRODUCTIVITY & GROWTH EFFORTS  Provincial Maximizing Opportunities – Retention, Government Attraction, Creation, Expansion  Federal Government  Not-for-profit  Post-secondary  Community ENABLERS Marketing, Research FOUNDATIONS Talent, Regional Centre, Business Climate 4
  • 5. WHAT DOE S S UC C E S S L OOK L IK E What will Halifax look like in 2016 when we have achieved our vision? We will have: • More Businesses, More People • Larger Labour Force Responsive to Business Requirements • Sustainable Economic Growth/Activity (GDP) • Higher Average Income • Cost Competitive and a Contagious Business Environment • Confident Business and Proud People • A more attractive and vibrant regional centre • An increase in tax revenue for the three levels of government 5
  • 6. R E G IONA L C E NT R E Goal Build a vibrant and attractive regional centre that attracts $1.5 billion of private investment and 8,000 more residents by 2016. Outcome Measures • Increase in building permits issued in Regional Centre • Regional Centre population growth • More private investment in Regional Centre ($1.5 billion) • Public perception of downtown vibrancy 6
  • 7. B US INE S S C L IMAT E Goal Foster a business climate that drives and sustains growth through the removal of barriers to competitiveness and by enhancing our strengths. Outcome Measures • Construction approval speed • Perception of business climate • Competitive levels of public investment • Competitive business tax burden 7
  • 8. TA L E NT Goal Create a welcoming community where the world’s talent can find great opportunities, engaged employers and resources for career advancement Outcome Measures • Attraction and retention of immigrants and students • Employer attitude • Perception of Halifax as a great place to live and work 8
  • 9. INT E R NAT IONA L B R A ND Goal Create a unique, international city brand for Halifax Outcome Measures • Increase awareness and confidence in Halifax as international city • Business confidence in Halifax (away and here) • Brand recognition and adoption (here) 9
  • 10. MA XIMIZE G R OWT H OP P OR T UNIT IE S Goal Capitalize on our best opportunities for economic growth Outcome Measures • Productivity • Mayor’s Economic Advisory Committee’s assessment of partnership and alignment 10
  • 11. IMP L E ME NTAT ION P R OC E S S To ensure success: • Action Teams will be established for each goal area comprised of no less than 50% business community representation and chaired by a business person. • Each Action Team will define terms of reference, alignment and engagement agreements, and create/finalize implementation plans. • Action Team leads will report to the Steering Committee with regular updates on performance against goals and objectives with recommendations for continuous improvement. 11
  • 12. IMP L E ME NTAT ION P R OC E S S • The Steering Committee will monitor and assess the performance of each goal area • The Chair of the Economic Strategy Steering Committee will provide regular reports on overall performance to the Mayor’s Economic Advisory Committee, Halifax Regional Council and the Community Planning and Economic Development Standing Committee of Council to seek strategic advice and to ensure alignment with HRM’s priority setting and federal and provincial programs and policies • The Greater Halifax Partnership will be the coordinating body for support to the Action Teams, Economic Strategy Steering Committee and the Mayor’s Economic Advisory Committee. The team will track and monitor progress against objectives 12
  • 13. OPERATING ENVIRONMENT Mandate Corporate Direction Tools, Resources HRM Charter: HRM Corporate Plan HRM Business Planning Framework: • Improve & promote commercial Economic Prosperity Focus Area: • Regulations, tax & policy areas • Attractive regulatory, tax & • “Open for business”, innovative • Attract, encourage, promote policy framework service delivery industrial & commercial • Coordinated infrastructure • Infrastructure investments, public development investments places enhancements • Promote area for tourism & • Innovative stakeholders who • Safe, welcoming & diverse work together Drive to Outcomes business promotion communities Policy Direction • Manage business parks, incubator • Recognition as an exciting place • Culture, events, vibrant centres malls to live and do business • Well-planned, engaged communities • Real estate sales & development • Dedication to an open for • Regional Plan implementation business service delivery • Aligned external partnerships climate Economic Strategy: • Regional Centre Other Corporate Plan Focus Areas: External Agreements & Partnerships • Business Climate • Well planned & engaged Funded agencies: • Talent communities • DH - tourism marketing • International Brand • Safe, welcoming & inclusive • GHP – business growth, community • Maximize Growth Opportunities • Clean, healthy environment strategies • Integrated, affordable • TCL – events, venues, conventions Provincial jobsHere Strategy: transportation • BIDC’s – beautify, animate BID’s • The right skills for right jobs • Diverse lifestyle opportunities Other Partnerships: • Growth through innovation • MOU’s with community partners • More competitive globally • Fed-Prov partnerships Federal programs and policies Metrics & Outcomes 13
  • 14. R OL E S • Halifax Regional Council and Community Planning and Economic Development Standing Committee – Ensure ongoing alignment to HRM’s programs and policies • Economic Strategy Steering Committee – Oversight and strategic guidance on ongoing implementation • Mayor’s Economic Advisory Committee – Provide strategic advice on the issues, challenges and opportunities that impact implementation 14
  • 15. R OL E S • Goal Action Teams – Ensure agreement and alignment on objectives, the resource commitments to be made, and measurement • Private, public and non-profit and voluntary sector and labour – Active participants in the oversight and alignment teams • Greater Halifax Partnership – Lead and coordination of implementation – Lead the development and reporting of the Halifax Index • Halifax Chamber of Commerce – Track and report on results and ensure that the strategy is responsive and accountable to the business community 15
  • 16. HA L IFA X INDE X • Tells the economic story of economic progress in our city • It will measure: – The strength of economic growth – The pace of economic development and the health of our community – The sustainability of our approach – The quality of life • Outcomes – A strategy progress report – A gut check – Keys to success 16 – A blueprint for action
  • 17. HA L IFA X INDE X: C OMP ONE NT S • A scorecard of macro-economic indicators, benchmarking Halifax against other similar cities; • Outcome measures that attach to and measure progress related to the strategic goals, objectives and actions of the Economic Strategy. • Provide ongoing tracking of the state of Halifax’s business climate • Produce an annual quality of place review • The work of the Halifax Index will be undertaken by a research consortium lead by the Greater Halifax Partnership. • It will be presented each spring to the community in partnership 17 with the Chamber as a replacement for the scorecard.
  • 18. NE XT S T E P S • Alignment, implementation and resourcing discussions • Finalize content and design of final report • Present final version of report to HRM Council and obtain endorsement • Public launch of the Strategy 18
  • 19. R E C OMME NDAT ION Halifax Regional Council endorse the 2011-2016 Economic Strategy for Halifax
  • 20. A G R E AT E R HA L IFA X 2011-16 E C ONOMIC S T R AT E G Y F OR HA L IFA X PRESENTED TO: HALIFAX REGIONAL COUNCIL March 22, 2011