The document summarizes the results of a survey of 105 US corporate executives and site selection consultants about their perceptions of Canada's business climate.
The key findings were:
1) Executives associate Canada with a high quality workforce.
2) Ontario is overwhelmingly the most considered location for projects in Canada, while many other regions are unknown.
3) Perceptions of Canada's business climate have improved over the past 5 years.
4) Different marketing tactics are most effective for reaching corporate executives versus site selection consultants.
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Executives' Perceptions of Canada's Business Climate
1. A View from the Lower 48…
EXECUTIVES’ PERCEPTIONS
OF
CANADA’S BUSINESS CLIMATE
September 23, 2013
Andrew Levine, President/Chief Creative Officer &
Erin Bodine, Account Director, DCI
2. About DCI
DCI
About
1. The Leader in Marketing Places: Served 400+
cities, states, provinces, regions and countries since
1960.
2. In-depth Knowledge of Canadian Landscape:
Recent/current clients include
Calgary, Winnipeg, Saskatchewan, Toronto and Montreal.
3. Broad Range of Economic Development Marketing
Services: Media relations, lead generation, digital/social
media, talent attraction and research.
3. Winning Strategies in
Economic Development Marketing
Sixth Edition of Survey in 2011
(previous studies in
‘96, ‘99, ‘02, ‘05, ‘08)
Survey Audience: U.S.
1. Corporate executives with
site selection
responsibilities
2. Location advisors
4. Methodology
• Online survey with 10 questions conducted in
August, 2013
• Sent to 621 SSCs, corporate executives in U.S.
• 105 responses received for response rate of 17%
• Even split of responses (54 executives, 51 SSCs)
• Respondents offered $10 Starbucks/iTunes gift
card
6. Can you guess
what the respondents said?*
What are the first 3 words or phrases that
come to mind when you think of Canada?
1. _______________________
2. _______________________
3. _______________________
* Whoever gets closest wins $25 gift card to Tim Hortons for a double-double
7. List of Top 10 Words/Phrases
1.
2.
3.
4.
5.
Cold
Hockey
High quality workforce
Natural resources
Friendly
6.
7.
8.
9.
10.
Socialized Medicine
Expensive
Clean
Diverse
French
9. “Please describe your perception of
Canada's advantages (or value proposition)
for U.S. companies
looking to relocate or expand?”
10. Sample Responses for Canada’s Value
Proposition for Businesses
“Western Canada
(British Columbia) is an
Asian gateway.”
“Businessfriendly, R&D tax
advantages, reasonabl
y priced real estate.”
“Very strong base for
educated technical
employees.”
“Canada has always
maintained a neutral
stance on most
political and economic
issues.”
“Good access to
many US major
markets.”
“Ability to recruit
overseas talent
without red tape
of U.S.
Immigration
Policy.”
“Well educated
labor force and a
good business
climate.”
“Proximity to oil and gas.”
“Tax reform has made
Canada much more
competitive for North
American projects.”
“No health care cost to
employer.”
“Cost –competitiveness”
11. Top 5 Themes of Value Proposition
1. Stable, neutral and business-friendly government
2. Well-educated and quality workforce
3. Potential for lower business costs (labor, taxes)
4. Access to new markets
5. 15% of respondents indicated “none or don’t
know”
12. “Have you considered Canada for
a project in the last two years,
or
are you currently considering Canada
for an upcoming project?”
13. Executives Regularly
Consider Canada for Projects
Overall, a majority of decision makers (53.3%) had considered Canada
for a project in the last two years or were currently considering Canada
Site Selection Consultants
Corporate Executives
16. “From your perspective,
has Canada's business climate improved,
declined or stayed the same
in the past five years?”
17. Decision Makers Believe
Business Climate has Improved
Most executives surveyed believe Canada’s business climate has
improved in the past five years.
18. “Let's compare Canada and the United States.
For each of the following factors, which country
has a more favorable business environment.”
19. Canada Compared to United States
100.0%
80.0%
United States
More Favorable
60.0%
40.0%
Canada More
Favorable
20.0%
0.0%
20. “Please rate the business climates of the
following Canadian provinces
on a scale of 1 (Poor) to 5 (Excellent).”
28. Marketing Preferences Vary
Among SSCs and Executives
Top 5 Tactics for SSCs
Top 5 Tactics for Executives
1.
2.
3.
4.
5.
1.
2.
3.
4.
5.
Familiarization Tours
One-on-one Meetings
Special Events
Internet/Website
Media Relations/Publicity
Trade Shows/Conferences
Media Relations/Publicity
Internet/Website
One-on-one Meetings
Special Events
29. “In your opinion, which of these
economic development organizations
market their region effectively to
corporate executives and location advisors?”
30. Site Selection Consultants Consider
the Country’s Best EDOs
100.0%
80.0%
55.8%
60.0%
40.0%
32.7%
30.8%
28.8%
26.9%
25.0%
21.2%
20.0%
0.0%
Invest Toronto Development Winnipeg
Economic
Vancouver Economic Commission Calgary Economic Development Partnership Triangle (Waterloo Reg
Montreal International
Greater Halifax Technology
Canada's
32. 1. Executives Associate Canada with a
“High Quality Workforce”
• Among top words or phrases associated
with Canada
• Common theme for Canada’s perceived
value proposition
• Key asset as talent increasingly drives
location decisions
33. 2. Canada Regularly Considered
as a Project Location But…
• Ontario overwhelmingly leads the
consideration set (80.4%)
• Followed by British Colombia
(30.4%), Quebec (28.6%) and Alberta
(19.6%)
• All other provinces at 5% or less
34. 3. Much of Canada is a “Blank Slate”
to U.S. Executives
• Ontario/Toronto are well known
• Quebec/Montreal and British Colombia/
Vancouver have mid-level recognition
• For the remainder of regions/cities, a large
number of executives had “no opinion” of
individual business climates
35. 4. Perceptions of Canada’s Business
Climate Improving
• 44.8% of the respondents perceive an
improvement in the country’s business
climate vs. 6.7% that saw a decline
36. 5. Different Marketing Tactics to
Reach Different Audiences
• Best tactics for reaching corporate executives:
1) trade shows/conferences, 2) media relations/
publicity, 3) internet/website
• Site selection consultants are best reached via:
1) familiarization tours, 2) one-on-one
meetings, 3) special events