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COMMITTEE FOR BUSINESS INNOVATION, GROWTH AND ATTRACTION

FRIDAY, SEPTEMBER 22, 2017, AT 3:00 P.M. ROOM 530 – 5th FLOOR – ABBOTSFORD CITY HALL

AGENDA

1. CALL TO ORDER 2. ADOPTION OF MINUTES

.1 Minutes of the Committee For Business Innovation, Growth And Attraction

meeting held May 16, 2017 (attached)

(p. 2) 3. DELEGATIONS

.1 Johanne Royer, Director, MIPIM, regarding an update on MIPIM (Le marché

international des professionnels de l’immobilier)

- Powerpoint Presentation

.2 James Johnson, Managing Principal, Pacific Analytics, and Suzanne Denback,

President, Cadence Strategies, regarding an update on the Tradex Five-Year business plan and associated economic impact analysis

- Powerpoint Presentation

4. PRESENTATIONS

None.

5. BUSINESS OUT OF MINUTES None.

6. REPORTS .1 Verbal Report by the Executive Director, Economic Development regarding an

update on Economic Development Department activities

- Background Information (attached)

(p. 5)

7. NEW BUSINESS .1 Proposed 2018 Meeting Schedule (attached) (p. 40)

8. ADJOURNMENT

Minutes of the Committee for Business Innovation, Growth and Attraction meeting, held May 16, 2017 at 3:00 p.m., in Room 530, Abbotsford City Hall Committee Members Present: Councillor K. Chahal (Chair); Mayor H. Braun (part); Councillors S. Blue; and D. Loewen Staff Present: Deputy City Manager – J. Rudolph; General Manager, Innovation, Strategy and Intergovernmental Relations – K. Treloar; Executive Director, Economic Development – W. Dupley; Economic Development Officer – P. Neufeld; Economic Development Coordinator – K. O’Sullivan; Community and Special Events Coordinator – B. Roberts; and Canada 150 Special Projects Lead – R. Noort Others Present: Councillor P. Ross; Manager, Marketing and Public Communications, Cascade Aerospace - K. Tamminga (part); Operations Manager, Abbotsford International Airshow – A. Siemens (part); President, Cadence Resort Marketing Inc. – S. Denbak (part); Executive Director, Tourism – C. Nichols Public Present: 4+ 1. CALL TO ORDER The meeting was called to order at 3:00 p.m. 2. ADOPTION OF MINUTES

Moved by Councillor Blue, seconded by Councillor Loewen, that the minutes of the Committee for Business Innovation, Growth and Attraction meeting held March 14, 2017, be adopted. BIGA008-2017 CARRIED.

3. PRESENTATIONS None. 4. DELEGATIONS .1 Kim Tamminga, Manager, Marketing and Public Communications, Cascade

Aerospace, and Ali Siemens, Operations Manager, Abbotsford International Airshow, regarding an update on Airshow Week

The Director, Economic Development introduced Kim Tamminga and Ali Siemens, who provided a PowerPoint and high level presentation on Airshow Week, which included a discussion on the history of Airshow week; marketing and sponsorship campaign; and event timeline.

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Minutes of the Committee for Business Innovation, Growth and Attraction meeting, held Tuesday, May 16, 2017 at 3:00 p.m., in Room 530, Abbotsford City Hall Page 2

Moved by Councillor Loewen, seconded by Councillor Blue, that the delegation by K. Tamminga, Manager, Marketing and Public Communications, Cascade Aerospace, and A. Siemens, Operations Manager, Abbotsford International Airshow, regarding an update on Airshow Week and PowerPoint presentation, be received for information. BIGA009-2017 CARRIED.

.2 Suzanne Denbak, President, Cadence Resort Marketing Inc., regarding an update

on the Tradex Strategic Plan

S. Denbak, provided a PowerPoint and high level overview of the draft Tradex 2018-2022 Strategic Plan, which included key findings, next steps, deliverables and potential recommendations.

Moved by Councillor Blue, seconded by Councillor Loewen, that that the delegation of S. Denbak, President, Cadence Resort Marketing Inc., regarding an update on the Tradex Strategic Plan, and PowerPoint presentation, be received for information. BIGA010-2017 CARRIED.

5. BUSINESS OUT OF MINUTES None. 6. REPORTS Mayor Braun entered the meeting at 4:21pm during discussion of the following item.

.1 Economic Development Department Activities The Executive Director, Economic Development introduced Parul Neufeld, Economic Development Officer, who provided a verbal update on Business Retention and Expansion initiatives including the Think Local Think Abbotsford, “Taste of Abby” campaign, slated to take place May 28 – June 3rd. The event will kick off with the Chef’s Competition at Save on Foods, 32700 South Fraser Way, on May 28 at 1:00pm. The Executive Director, Economic Development provided an update on the Investment Attraction initiatives; Hiring Demand report; and the upcoming BC Economic Development Advisors’ Social Media Webinar. The Executive Director, Tourism, provided an overview of Tradex and Tourism and highlighted the effect of strong events on hotel occupancy; Eat Play Love Abby; Tourism Week and current installation of Telus Fibre at Tradex.

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Minutes of the Committee for Business Innovation, Growth and Attraction meeting, held Tuesday, May 16, 2017 at 3:00 p.m., in Room 530, Abbotsford City Hall Page 3 The Community and Special Events Coordinator provided a verbal update on filming and the City’s first Film Appreciation evening. An overview was provided of upcoming outdoor community events. The Canada 150 Special Projects Lead, R. Noort, provided an update on the Canada 150 “Roving Exhibit”. The Executive Director, Economic Development, provided an overview of the EDAC on the Hill request for input on the free trade agreement with China; and the Federation of Canadian Municipalities (FCM) delegation study mission from the Ukraine which will be visiting Abbotsford between May 28 and June 1, 2017. The Community Innovation Partnership working group was discussed, and a proposed terms of reference was circulated to the committee. And an Invest in Canada (ICCI) update was provided, noting the project is underway to have the City’s videos translated into simplified Chinese and Punjabi, with a voiceover for the Ag-Tech video.

Moved by Councillor Loewen, seconded by Councillor Blue, that the verbal update provided by the Executive Director, Economic Development; Economic Development Officer; Executive Director, Tourism; Community and Special Events Coordinator; and Canada 150 Special Projects Lead, regarding the Economic Development Department activities, be received for information. BIGA011-2017 CARRIED.

7. NEW BUSINESS None. 8. ADJOURNMENT

Moved by Councillor Loewen, seconded by Mayor Braun, that the Committee for Business Innovation, Growth and Attraction meeting, be adjourned. (5:02 p.m.)

CARRIED.

Certified Correct: Kelly Chahal Kimberley O’Sullivan Chair Recording Secretary

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City of Abbotsford Economic Development (CAED) Report to Business, Innovation, Growth and Attraction (BIGA) – September 22, 2017

Business Retention and Expansion Since the last meeting, staff have continued working one-on-one with businesses in Abbotsford. We have followed up with 53 meetings, addressing concerns such as expansion needs, labour issues, marketing toolkit support and business planning needs. Abby Business Walks 2017 – October 3, 4, 5th The third annual Abby Business Walks will be taking place this year from October 3-5th. By kicking off small business month, this Business Retention and Expansion (BRE) program will bring together elected officials and community stakeholders in capturing the pulse of Abbotsford’s business community. Parul will delve into further details of this year’s event during the Committee meeting. Business Planning Guide Economic Development has put together a step by step guide as well as a fillable Business Planning toolkit. This will be rolled out during the Abby Business Walks as a resource, with the opportunity for businesses to arrange one-on-one guidance in using the Business Planning guide. The draft Business Planning Guide will be shared at the meeting. Business Resources Presentation in Punjabi – October 2017 Staff attended the September 21st Fraser Valley Indo Canadian Business Association (FVICBA) committee meeting. Economic Development is collaborating with the FVICBA to put on a business resources presentation in Punjabi for local business owners in October. This presentation will include information on the Marketing Toolkit and Business Planning Guide. BCEDA and FORTIS BC Economic Recovery Hotline Referrals Staff have been volunteering with BCEDA’s BC Wildfire Recovery Hotline Program; and have provided guidance to twelve businesses affected by the BC Wildfires, including information on financial assistance and information on business resources. The Canadian Red Cross will be providing emergency assistance of $1,500 to each eligible small business, not-for-profit organization or cultural livelihood directly impacted by the British Columbia Fires through an application and validation process. The BCEDA reported the following recent update: The BCEDA and FORTISBC Economic Recovery Hotline will be closing on Friday evening. BCEDA is so thankful for the work that FORTISBC has done and they have truly demonstrated support for communities and economic development throughout BC. We could not have done this without them. What originally started out as a two week project has now exceeded 8 weeks. Originally we estimated 200 calls and we have exceeded 500. An incredible undertaking and we are extremely grateful. We are also grateful for the work our incredible team of volunteers have done in following up with over 430 businesses that requested call backs. Thank you for taking the time to reach out. We have received numerous comments from businesses that you have called and they are also very appreciative.

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Report to Business, Innovation, Growth and Attraction (BIGA) – September 22, 2017

Now we are finding most of our time is spent trying to track the funding from the Red Cross for individual businesses. They contact us because they have not received the money and I am happy to say that so far we have been able to reach out, find out why, and in some cases speed up the time it takes. We are also trying, using the information we have collected from businesses along with your feedback from your calls, to push for additional support. We understand that a Phase 2 may be coming. We are also going to launch a survey so that businesses can self-apply for us to get back to them. The survey is what we will now advertise in order to help our work load. BCEDA is also working to get the funding and the approvals from the Province to send in Economic Disaster Recovery Teams to communities. These are essential pieces of the recovery process. Abbotsford Businesses in Top 100 Fastest Growing BC Businesses Business Vancouver released their Top 100 Fastest Growing Businesses in British Columbia ranked by percentage growth in revenue from 2012-2016. Abbotsford’s Alliance Truss ranked #41 and Valley Carriers ranked #68 on the list. Abbotsford Works Trade Show – Spring 2018 Economic Development has collaborated with Abbotsford Works and Community Futures to organize a mega job fair for Spring 2018. This event is targeted to job seekers and employers from all sectors across the Lower Mainland, with the intention of making Abbotsford the Small Business BC ‘MyBizDay’ Event – Spring 2018 Small Business BC has postponed their province wide event MyBizDay, which will be hosted in Abbotsford to Spring 2018. Additional details will be available in the coming months. Community Collaborations Staff is working closely with Community Futures South Fraser, Abbotsford Community Services and Abbotsford Downtown Business Association to establish a meaningful collaboration with the common goal of nurturing community economic growth and inclusive support for all entrepreneurs in our community. Community Futures Board of Directors Meeting – June 20, 2017 Staff attended the June 20, 2017, Annual General Meeting for Board of Director. The Board re-elected Bryce Lewis as Board of Directors Chair for this year. There were no changes to the Board of Directors membership. Evening of Care – June 20, 2017 Economic Development provided guidance and support in the coordination of the Evening of Care, an appreciation event for First Responders. Local businesses in the health and wellness industry were invited to attend the event to set up booths and provide samples to the 60 attendees.

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PwC Succession Planning Breakfast – June 8, 2017 Staff attended a succession planning information breakfast held by PwC. This event was specifically targeted for local farmers. The session had a great turnout and comprised of well articulate speakers from PwC. Think Local Think Abbotsford, Taste of Abby – May 28th to June 3rd The second annual “Think Local Think Abby, Taste of Abby” took place from May 28th to June 3rd. This event is our second large BR & E initiative of the last 12 months. The weeklong event kicked off with a community chef’s competition which will include four of Abbotsford’s expert chefs and an all-star panel of expert judges. Chef Nick Vacchiano and Sous Chef Amisa Joy took home the trophy of “Taste of Abby Top Chef 2017”. Survey results from this year’s Taste of Abby week suggest that 45% of the participant businesses saw an increase in sales during the week, and 73% look forward to participating again next year. The average rating of overall experience with the Taste of Abby event was 4/5. For the 2018 Taste of Abby event, the Economic Development team has started strategizing for an even more enriching experience for both participants and residents. The Chef’s Competition for 2018 will coincide with the Food Truck Festival in April 2018 and the week-long celebration of buying local will kick off the harvest season during the first week of September. Agriculture Sector Later this month, we will be releasing our third blog post/newsletter on Silver Hills Bakery, which is part of the continuation of the fostering of leads gathered during the efforts of the Abbotsford Ag Tech campaign from earlier this year. Chamber of Commerce Agricultural Bus Tour – June 16, 2017 Staff attended the Chamber of Commerce Agriculture Bus Tour. Site visits included the ACS Garden Project Urban Farm, BW Global, Old Abbey Ales, and Ripples Estate Winery. Investment Attraction Since the last meeting we have being working with a number of new investment leads and continue to foster our pipeline. It is great to see some of these leads slowly coming to fruition. Finding the right Industrial space is certain size categories are becoming more challenging with a tight market. Some key mentions since last report include:

• Commonwealth Supplies are just finalizing the purchase of space in Abbotsford

• Grand opening of the new Structure Craft facility is tentatively scheduled for November

• ACI foods has appointed Brodie Gunning (connection made at the Elevate forum) as their CEO. Brodie has also connected them with new investors. The company is moving forward exploring more R&D opportunities. They are planning to be listed probably on the TSX by year end.

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• Chinese investors looking to build a new long term care facility in our community havebeen connected with land available at Sumas First Nations. Negotiations areunderway.

• Doctors working on the Urgent Care facility continue to explore options for locationsclose to the hospital in Abbotsford

• Renown hotel chain have been connected and continue to have discussions withSumas First Nations

• US Call Centre operation seeking an Canadian border location for its business(reported on in January) has resurfaced with in the last month and is still consideringAbbotsford location for a 350 seat facility

• A food processing multinational with a HQ in Australia has been looking at Abbotsfordoptions. Staff have partnered with HQ Vancouver with this lead. An offer is currently inthe pipeline.

Our new lead enquiries continue to highlight our sector diversity. Some of the new leads added since the last report, include:

• Virtual reality centre who have a Alberta HQ are currently exploring Abbotsford CityCentre locations

• Brewing Company looking at an historic downtown location• Rice processing operation from Ontario• Chinese investors with an Ag-tech, greenhouse sector related enquiry• A Washington State business seeking a Canadian location for testing of autonomous

vehicles• Craft and beer restaurant, looking to be an up market and locally supplied facility

(tentatively named The Bridge) has shortlisted two Abbotsford locations of interest• Avison and Young connected with us regarding a home for a well-known meat

processing company seeking 10 acres. Two options were referred.• The Province of BC’s Major Investment Office is working with our office regarding an

land availability inquiry; due to an NDA very limited information is available.

Other leads have been received but are in very preliminary research phases.

Memorandum of Understanding – HQ Vancouver and Abbotsford HQ Vancouver’s mandate is to encourage Asian and other international business to establish or expand a regional, national, continental or international headquarters in BC. By collaborating to form a memorandum of understanding with HQ Vancouver in supporting foreign investors; the parties aim to enhance BC’s reputation as an international business hub. In turn this will create high value jobs, and have positive economic spinoffs for domestic businesses. Staff have been collaborating with HQ Vancouver on a recent inquiry and have now become the first municipality to sign an MOU. A signed copy is attached for the committee’s information.

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Hiring Demand – Quarter 2, 2017 The City of Abbotsford Economic Development has a license with Vicinity Jobs network to access their Hiring Demand Analysis reports. With businesses in Abbotsford having challenges finding skilled labour, the statistical information that this software provides promises to be extremely helpful in informing workforce development needs, employers and educators. Analysis completed on these reports indicates a positive outlook for Abbotsford given these indicators of recent job postings. Some highlights of our findings have been bulleted below for your information.

Highlights from Quarter 2, 2017:

• Q2, 2016 saw Abbotsford at 1,659 job postings; Q2, 2017 we are at 1,990 – a gain of 331 postings over the same quarter last year.

• Abbotsford is second only to Langley in the South Fraser Region for number of first quarter postings at 1,990, with Chilliwack a distant third with 990 postings.

• Fraser Health is the top employer in the Fraser Valley, South Fraser and Abbotsford.

• While the retail trade sector was the top hiring industry the past 12 months in the Fraser Valley and Abbotsford, the share was lower in Abbotsford (24.4% vs. 28.5%);

• In the most recent quarter, the share of full-time postings was higher in Abbotsford (47.4% of all postings) than the average in the South Fraser region (46.1%).

Three high level reports are attached for information.

Abbotsford, 1,990 , 35%

Agassiz, 2 , 0%

Chilliwack, 990 , 17%

Fraser Valley Region, 106

, 2%

Langley, 2,649 , 46%

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ICCI The ICCI project for 2017 is completed. This project has included the translation of our Economic Development Infographic, a downloadable e-book and three video. The CAED website has been updated to include links to both the translated Punjabi and Chinese infographics on the home page. During the next week we will be embarking upon an outreach campaign to key Canadian associations, federal Trade Commissioners and Provincial representatives in these key markets to push out the translated materials for their use. Staff are currently reviewing the criteria for the 2018 ICCI program to check into possibilities for funding to support further implementation of our international marketing blueprint.

Tourism Eat, Play Love Abby Our EPL Abby summer campaign recently wrapped up. This campaign replaced the 107 Days of Summer campaign that had run in previous years. We kicked off the campaign in May with two days of industry FAM’s, and featured Abbotsford activities and events on social media through an Eat, Play or Love outlook throughout June, July and August. Some highlights: • 825 uses of hashtag #eatplayloveabby / 5575 total website views of eatplayloveabby.ca

(increase of 147% from 107 Days of Summer in 2016) / 1550 total blog views, • Had over 650 newsletter sign-ups during the campaign, • Users were most interested in Eat content, followed by Play then Love. Topics related to

food and wine were most popular, followed by hiking and walking trail information, • We earned 9 articles from various media (Abby News, Daily hive, Foodgressing, Local

Wanderer etc),

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• Overall, much higher levels of engagement with EPLAbby content on social vs. 107 Days, • Received positive feedback from some other DMO’s, the campaign definitely got noticed.

Media FAM On September 20th we are hosting 15 media from Metro Vancouver on our Fall Circle Farm Tour Fam. The FAM will start at the airport and will fly media via helicopter to the Vitala farm at Eco Dairy. While the event is to support all of our CFT partners, the theme of this event will be the resurgence of hop growing in the valley, and the growing craft beer scene. MRDT Renewal The renewal of the City of Abbotsford’s Municipal & Regional District Tax (MRDT) agreement with the Province will be submitted this month (current agreement expires May 1st, 2018). Tourism Abbotsford’s new five-year strategic plan (2018-2022) forms the basis of the renewal, as does support of the tax from the City of Abbotsford and the local accommodation sector. Once the application is approved by the Province, accommodation providers will begin charging guests 3% MRDT instead of 2%, with the Province collecting .2% of the incremental 1% to support the provincial Tourism Events Program. Tourism Abbotsford’s 2018 tactical plan which will outline how the MRDT is invested will be presented in November. Destination Sales & Marketing Management Agreement A new five-year management agreement between the City and Tourism Abbotsford is currently being drafted. The agreement will include anticipated measurables relating to occupancy, room rate, length of stay, and Net Promoter Score. The agreement will also outline expectations from the City regarding the Fee for Service, as well as visitor services. Tradex Management Agreement A new long-term management agreement between the City and Tourism Abbotsford Society for the operation of Tradex is being prepared for council’s consideration. The new Tradex five-year business plan that is currently being worked on will form the basis of the agreement. Key performance indicators relating to revenue, event days, and overall economic impact on the community will be included. Parking Operations As part of the new business plan, a long-term parking management solution will be identified that will incorporate technology and overall efficiency in to the operation. Short-term measures have been put in place for fall events to improve the operation including security cameras at the kiosks, and the ability to accept debit/credit. Fall Events The busy fall event season kicked in to gear with the MCC Festival for World Relief on September 15th & 16th. Last year’s event raised over a million dollars, and is expected this year’s event will do the same. Other upcoming events include the Snowbird RV Sale, the CanWest Horticulture Show, Canada Woodworking, Westcoast Women’s Show, APD Crime is Toast, and Business Excellence Awards.

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Social Media CAED The figures below represent cumulative totals for both the AbbotsfordEcDev and the AbbyCan150 Twitter accounts.

• Tweets - The total number of tweets published from the Twitter accounts (includes replies

as well) • Followers - The number of people who are following our Twitter accounts • Engagement - The sum of interactions received for all our tweets: retweets, replies, quotes

and likes The figure below is data representing the time from the last BIGA meeting up until September, 2017.

While attending the EDAC conference this year, one of the expert social media presenters mentioned that they use our social media accounts as a reference point when working with clients in economic development that are embarking upon social media. The figures below represent cumulative totals for both the AbbotsfordEcDev and the AbbyCan150 Facebook accounts.

• Posts - The total number of posts that have been published on your Pages • Fans - The total number of fans (people who liked the Page) for your Pages • The sum of reactions, comments and shares received by content associated with your

Pages (for the selected timeframe) Please note that for some metrics there might be no data for the last day. This is caused by the way Facebook refreshes the data. Certain metrics are refreshed only once every 24 hours.

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The figure below is data representing the time from the last BIGA meeting up until September 2017.

Instagram

Our Instagram accounts continues to grow on a consistent basis and we are finding that the community is really enjoying our posts and are often seeking our assistance with promoting various business events via tagging us or requesting a repost as we have established ourselves as having a positive and informative platform for the Abbotsford business community. We have started to take advantage of some of the tools Instagram offers like Stories and Filters. These posts always receive lots of “likes” and it shows that we are remaining current with the social media trends happening. Film Sector – Destination #AbbyWood There have been thirty five filming applications completed so far this year; 101 filming days and economic impact to date is $685,650.90 (we still are waiting on three wrap sheets to come in). To provide some context to these numbers we have provided a table below we have already matched the total number of film permits issued in the whole of 2016! We have had three major motion pictures come through Abbotsford, two Netflix series and many major television series. We have had some well renown movies stars in Abbotsford during the summer, familiar names such as Mel Gibson, Vince Vaughn, and Johnny Depp to name a few.

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During three of our major events this summer, we had eight productions filming simultaneously in Abbotsford. We are now known as “Abby-Wood”.

2014 2015 2016 2017

Film Permits issued

11 25 35 35 (as at

Sept 18, 2017) Days of filming

47 105 132 101

Outdoor Community Special Events Abbotsford is headed into a fun-filled fall season with plenty of exciting community events. What better way to enjoy the fresh fall air than getting outdoors at an event and mingling with our community! Here is a highlight reel of some upcoming events this fall: Roadside Every Saturday and Sunday from September 16-October 15 Roadside will be open for a community harvest social! Fraser Valley’s family friendly, adult friendly and canine friendly outdoor event will be taking shape. A KidsZone play area, to samples from local partners, and much and much more, Roadside will offer a bushel of attractions to suit every age and every taste. Corn-mazing-y!!!!

BC Hop Fest Back for its third year, the BC Hop Fest is happening on Saturday, September 30. Celebrate the hop harvest with fresh beer tastings from up to 36 craft breweries including local Abbotsford breweries. Activities include live entertainment, farm tours, historical displays, food trucks, and of course beer tasting. It’s an exciting event that brings together over 1500 people for a unique Fraser Valley experience.

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CIBC Run for the Cure The Canadian Breast Cancer Foundation CIBC Run for the Cure is back on Sunday, October 1st. There will be about 1000 participants, running or walking 1km or 5km, to support and advocate the breast cancer community. Speakers and local entertainment on the main stage will be at Rotary Stadium, as well as community booths, and some refreshments. This is an amazing fundraising event to be a part of! CIBC Run for the Cure has been taking part in our Community since 2000!

Valley Verti-killer Trail Race On Saturday, October 21 Abbotsford Trail Running Club and Mountain Madness are hosting their inaugural Valley Vertikiller trail race. This 25km race makes its way through the scenic trails of Sumas Mountain, showcasing Abbotsford’s beauty throughout the route. Participants are especially enthusiastic about completing a difficult challenge, enjoying nature, and cheering each other on. Spectators are welcome to celebrate all this together with the runners.

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Quidditch Western Regional Championships Quidditch teams from across Western Canada will compete in the Western Regional Championships on November 18 and 19 at the MRC Sports Complex. Tourism Abbotsford is working closely with them for the teams’ stay and accommodations in Abbotsford.

Valley Cross Provincial Championships Valley Cross has just been awarded to host Cycling BC's Cyclocross Provincial Championships for both 2017 and 2018. This year’s event will take place November 25 at Clearbrook Park. A bigger venue was required due to double the participants. 400 riders are expected to race.

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Community of Momentum Abbotsford Community has been successful in bringing two large events for 2019. September 2019 the National Student Leadership Conference will be touching down and in November 2019 & 2020 the Canadian Cross Country Championships will be running our way! Abbotsford events are seeing a trend in increased attendance. Community events are getting more and more folks out to enjoy and to connect – especially the free family events. As of September, there is a 20% increase in attendees/participants over 2016 numbers. I’m sure our wonderful summer weather helped but also the need for community connections! Please see chart below a snapshot of occupancy rates and the confirmation events drive occupancy, added to our economic impact statistics. 2017 Event Date Location Attendance Hotel Occupancy Run for Water Trail & Road Race

May27 28/2017

Mill Lake - Bevan Park

5000 May 26th 93.3% May 27th 95.8%

Foam Fest June 3/2017 Clearbrook Park 6000 June 2nd 96.5% June 3rd 84.9%

Canada Day June 30/July 1 Abbotsford Exhibition park

65,000 June 30 84.3% July 1 96.8%

Agrifair August 4-6/2017

Abbotsford Exhibition Park

33,00 Aug 3rd 82.7% Aug 4th 90.6% Aug 5th 99.1%

Abbotsford International Airshow

August 11-13/2017

Abbotsford Airport 75,000 Aug 10th 96.3% Aug 11th 96.3% Aug 12th 96.7%

Please see below the list of upcoming Outdoor Community Events – see you there!

Event Date Location September McMillan Inclusive Playground September 23/2017 McMillan Elementary MEC Century Ride September 23/2017 Bradner/ Mt Lehman roadways Kidney Walk September 24/2017 Mill Lake Park Cross Country Meet September 27/2017 Clearbrook Park MEI Terry Fox Run September 28/2017 Clearbrook Park Trail

House Pole Raising September 29/2017 Kariton House, Abbotsford Arts Council

Culture Days September 29- Oct 1/2017 The Reach, FVRL, Abby Senior

BC Hop Fest September 30/2017 1893 Cole Rd Dusshera Celebrations September 30/2017 Albert Dyck Park

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Mixed Slo-Pitch September 30- Oct 1/2017 AEP Diamonds

October Run for the Cure October 1/2017 Rotary Stadium/ Discovery Trail Gobbler Rugby Tournament October 7-8/2017 AEP CARES Run October 10/2017 Rotary Stadium/ Discovery Trail Abby Trail Running Race October 21/2017 Campbell Park/ McKay Creek CrossCountry Championships October 21/2017 Clearbrook Park CrossCountry Championships October 28/2017 Clearbrook Park November Remembrance Day November 11/2017 Civic Plaza

Quidditch Westerns November 18-19/2017 MRC Sports Complex

Valley Cross November 25/2017 Clearbrook Park December Santa Shuffle December 2/2017 Ellwood Park/ Discovery Trail Winter Jubilee December 2/2017 Downtown Abbotsford

This summer was extra special as The City of Abbotsford celebrated Canada’s 150th birthday! On June 30th at Abbotsford Exhibition Park the community was treated with some amazing local talent featuring Abbotsford Youth Orchestra, Pacific Mennonite Children’s Choir, Valley Festival Singers, Sionnaine Irish Dance Academy and the Skipping Sensations. July 1st began with a wonderful Birthday Parade and ended with a spectacular fireworks show. Community expectations for a 150th birthday celebration was at an all-time high and the community delivered! HUB of the Fraser Valley – HUB of BC! Our fireworks display ended up making a highlight reel showcasing great Canada150 shows from across Canada. https://www.youtube.com/watch?v=lcchCLrznp0 Canada 150 Fireworks around Canada Day 2017

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https://www.youtube.com/watch?v=lcchCLrznp0


Red, White and YOU! An exciting Symphony Under the Stars performance with Calvin Dyck and the Vancouver Island Symphony followed by an epic Light Show took over Mill Lake park on August 10. Thousands came to enjoy a show - first time in Abbotsford - and what an impression was left! The live orchestra music along with the light show exceeded expectations. A memorable evening for folks to remember back on to where they were when celebrating Canada’s 150th birthday! We value partnerships! The community partners involved in bringing Canada’s special birthday to life are Prospera Credit Union, Government of Canada, Telus, Fraser Valley Food Truck Association, The Reach, FVRL, Twisters Gymnastics, Calvin Dyck and the Abbotsford Youth Orchestra, Skipping Sensations, Agrifair, Castle Fun Park, Tourism Abbotsford, Columbia Cabinets, Early Years, Heritage Canada, 4Cats Studio, BCAA, Community Services, Abbotsford Mission Recycling, FraserWay RV, Abbotsford Arts Council and Celebration Fireworks.

Roving Exhibit The Abby Can 150 Roving Exhibit told the stories of nine historic locations in Abbotsford including Trethewey House, Clayburn Village, Mill Lake, Abbotsford Airport, Gur Sikh Temple and more. Residents were taken through a time machine to experience Abbotsford “Then and Now” featuring photos from the past and present to highlight how our community has changed from 1867-2017. As planned, the exhibit was launched in February and traveled to various locations throughout the city including The Reach, Trethewey House, Recreation centres, the airport, libraries, and local events. The exhibit was on display at more than 20 locations, and was seen by more than 50,000 people.

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Events “EDAC- Niagara” – September 7-13, 2017 Economic Development is pleased to report that we were awarded the 2017 EDAC Marketing Canada Award for Best Promotional Video for the “Ag Tech Video”. The award submission included the two additional translated versions. The Director, Economic Development, attended the EDAC conference in Niagara and has provided some notes (Appendix A) from the conference sessions. The Director, Economic Development, has been appointed as to the position of EDAC Board executive as Treasurer for 2018. Upcoming EDAC board will be held in Fredericton, New Brunswick for 2018; and for 2019 it is tentatively scheduled for British Columbia. 22nd Annual Business Excellence Awards – November 23, 2017 The 22nd annual Business Excellence Awards, presented by the Abbotsford Chamber of Commerce, will be held at the Tradex on November 23, 2017. The awards recognize outstanding organizations and individuals in Abbotsford that strive for excellence in our community. Economic Development has sponsored the “New Business of the Year” award again this year. 2017 Aerospace, Defense & Security Expo – August 10 & 11, 2017 The Aerospace, Defence and Security Expo (ADSE) is a world-class aerospace and defence exposition held each August in Abbotsford, British Columbia, as a prelude to the Abbotsford International Airshow. This year was a larger event with the Canadian Business Aviation Association (CBAA) joining up with ADSE at TRADEX. Economic Development staff, in collaboration with Tradex, Tourism and Airport, hosted a very creative and innovative booth at Tradex taking a larger space in a premium location.

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Airshow Week & Airshow The first annual Airshow week, hosted by the Abbotsford International Airshow Team, hosted a multitude of events including: an Outdoor Cinema “Top Gun”; Life Performance by “Mae and Me”; City Wide Scavenger Hunt; Red, White and You Show; and Abbotsford Fireman’s Pancake breakfast. The event plans to go ahead next year with anticipated synergies with additional sponsors and venues to continue expanding on the success and community engagement. Positive feedback was received on the airshow presidents’ club chalet being hosted on the Friday evening in collaboration with the Airport. The Airport had a total of 50 tickets and the City had 75. There was a significant amount of the “thank-you” and comments received from attendees, who enjoyed the amazing twilight performance and the networking opportunities it provided. To continue building on the success of this event, further collaboration with the Airshow Society and the Airport will assist us in ensuring we can host a wider range of guests and streamline procedures during the event. Other UFV Bachelor of Business Administration External Advisory Committee The Director, Economic Development, was invited for membership on an external committee for the University of the Fraser Valley’s Bachelor of Business Administration (BBA) External Advisory committee. (Letter is attached for information) Community Innovation Partnership Working Group The “Community Innovation Partnership” working group; is aiming to host its first meeting on September 28, 2017. The Community Innovation Partnership working group aligns with the Economic Development Strategy, strategic direction 4.1 under Pillar 2. Representation on the working group is confirmed from Aerospace, manufacturing, real estate, agriculture, UFV, FVICBA and Abbotsford Chamber of Commerce.

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Produced on August 29, 2017 for the City of Abbotsford by Vicinity Jobs Inc (www.vicinityjobs.com) All rights Reserved ©2016

ABBOTSFORD HIRING DEMAND SUMMARY April – June 2017

Top 5 Hiring Employers**

Rank Employer Past 3 Months Past 12 Months # Postings % Share # Postings % Share

1 FRASER HEALTH 120 15.9% 352 10.2%

2 ABBOTSFORD COMMUNITY SERVICES 38 5.0% 118 3.4%

3 Home Depot 35 4.6% 102 3.0%

4 SHOPPERS DRUG MART 33 4.4% 92 2.7%

5 MCDONALD'S RESTAURANTS OF CANADA 27 3.6% 44 1.3%

** Includes postings from identified known employers only.

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Monthly Job Posting VolumesFraser Valley vs. Abbotsford

Fraser Valley Abbotsford

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http://www.vicinityjobs.com/


Top 5 Hiring Industries **

Full-Time vs Part-Time

** At 2-digit NAICS codes level, includes postings from identified known employers only.

Full-time vs Part-time by Occupational Category

Top 10 Occupations

Postings % Postings %1 44-45 - Retail Trade 273 29.4% 1,318 31.5%2 62 - Health Care and

Social Assistance 152 16.3% 544 13.0%

3 31-33 - Manufacturing 93 10.0% 402 9.6%

4 72 - Accommodation and

76 8.2% 292 7.0%5 52 - Finance and

Insurance 59 6.3% 357 8.5%

Past 3 Months Past 12 MonthsIndustryRankPostings % Postings %

Full-Time Positions 824 41.4% 3,227 44.3%

Part-Time Positions 245 12.3% 906 12.4%

Full-time or Part-Time Positions

131 6.6% 443 6.1%

Not Specified 790 39.7% 2,716 37.2%

Total 1,990 7,292

Past 3 Months Past 12 Months

% full-time % part-time % ft or pt % not specified # of Postings0 - Management occupations 37.3% 1.9% 12.7% 48.1% 158 12.1%1 - Business, finance and administration occupations

51.5% 6.9% 3.1% 38.5% 130 -9.1%

2 - Natural and applied sciences and related occupations

56.0% 4.0% 8.0% 32.0% 50 -25.4%

3 - Health occupations 20.4% 20.4% 0.0% 59.3% 167 40.3%4 - Occupations in education, law and social, community and government services

62.2% 1.0% 1.0% 35.7% 98 3.2%

5 - Occupations in art, culture, recreation and sport

46.7% 0.0% 13.3% 40.0% 15 7.1%

6 - Sales and service occupations 32.9% 24.2% 12.1% 30.9% 554 34.1%7 - Trades, transport and equipment operators and related occupations

79.3% 1.1% 2.2% 17.3% 179 -6.8%

8 - Natural resources, agriculture and related production occupations

94.4% 0.0% 5.6% 0.0% 72 -20.0%

9 - Occupations in manufacturing and utilities 71.9% 0.0% 15.6% 12.5% 32 0.0%Other / Unidentified 28.6% 11.2% 3.7% 56.4% 535 51.6%

NOC Current Quarter % change vs. prev. qtr

Rank Occupation Postings Past Qtr

Postings Prev Qtr

% Change

1 6623 - Other sales related occupations 110 75 46.7%2 6421 - Retail salespersons 102 94 8.5%3 3012 - Registered nurses and registered psychiatric nurses 84 47 78.7%4 0621 - Retail and wholesale trade managers 68 75 -9.3%5 6552 - Other customer and information services representatives 64 36 77.8%6 6322 - Cooks 44 35 25.7%7 6411 - Sales and account representatives - wholesale trade (non-technica 42 19 121.1%8 6622 - Store shelf stockers, clerks and order fillers 41 37 10.8%9 7511 - Transport truck drivers 41 55 -25.5%

10 8431 - General farm workers 39 45 -13.3%

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SOUTH FRASER HIRING DEMAND SUMMARY April – June, 2017

* Number of job postings, share of total Top 5 Employers**

Rank

Employer


Postings % Postings %

1 FRASER HEALTH 268 12.9% 953 9.9%

2 Loblaws 103 5.0% 358 3.7%


4 Home Depot 98 4.7% 288 3.0%

5 WAL-MART CANADA CORP 70 3.4% 279 2.9%

** Includes postings from identified known employers only. Top 5 Hiring Industries ***

Full-Time vs Part-Time

*** At 2-digit NAICS codes level, includes postings from identified known employers only.

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Monthly Job Posting VolumesFraser Valley vs. South Fraser

Fraser Valley South Fraser

Abbotsford, 1,990 , 35%

Agassiz, 2 , 0%

Chilliwack, 990 , 17%

Fraser Valley Region, 106

, 2%

Langley, 2,649 , 46%

# Postings % Share # Postings % Share1 44-45 - Retail Trade 867 32.2% 3,881 32.6%2 62 - Health Care and Social

Assistance 383 14.2% 1,490 12.5%

3 72 - Accommodation and Food 248 9.2% 884 7.4%4 31-33 - Manufacturing 197 7.3% 867 7.3%5 52 - Finance and Insurance 169 6.3% 996 8.4%

Past 3 Months Past 12 MonthsIndustryRankPostings % Postings %

Full-Time Positions 1,640 45.5% 6,868 47.4%

Part-Time Positions 456 12.7% 1,915 13.2%

Full-time or Part-Time Positions

110 3.1% 456 3.2%

Not Specified 1,398 38.8% 5,236 36.2%

Total 3,604 14,475


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Top 10 Occupations

% full-time % part-time % ft or pt % not specified # of Postings0 - Management occupations 42.1% 2.9% 9.5% 45.6% 485 31.1%1 - Business, finance and administration 49.5% 9.0% 4.3% 37.2% 422 13.4%2 - Natural and applied sciences and related occupations

62.4% 4.5% 5.3% 27.8% 133 -3.6%

3 - Health occupations 21.3% 18.1% 0.5% 60.1% 376 24.1%

4 - Occupations in education, law and social, community and government services

52.1% 11.8% 7.6% 28.6% 238 20.2%


29.8% 10.5% 8.8% 50.9% 57 14.0%

6 - Sales and service occupations 30.6% 26.9% 11.9% 30.6% 1804 38.8%

7 - Trades, transport and equipment operators and related occupations

73.1% 2.7% 2.1% 22.1% 520 17.1%


91.7% 1.9% 4.6% 1.9% 108 -23.9%

9 - Occupations in manufacturing and utilities 78.7% 2.1% 11.7% 7.4% 94 -6.9%

Other / Unidentified 32.8% 12.1% 2.9% 52.2% 1500 65.4%



Postings Prev Qtr

% Change

1 6623 - Other sales related occupations 401 229 75.1%2 6421 - Retail salespersons 298 202 47.5%3 0621 - Retail and wholesale trade managers 221 183 20.8%4 6552 - Other customer and information services representatives 184 98 87.8%5 3012 - Registered nurses and registered psychiatric nurses 176 122 44.3%6 6622 - Store shelf stockers, clerks and order fillers 159 117 35.9%7 6411 - Sales and account representatives - wholesale trade (non-technica 152 77 97.4%8 6322 - Cooks 129 136 -5.1%9 6611 - Cashiers 112 51 119.6%

10 4411 - Home child care providers 78 72 8.3%

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FRASER VALLEY HIRING DEMAND SUMMARY April – June 2017

* Number of job postings, share of total Top Hiring Industries **


1 44-45 - Retail Trade 1,116 32.4% 4,770 32.1%

2 62 - Health Care and Social Assistance 531 15.4% 2,184 14.7%

3 72 - Accommodation and Food Services 311 9.0% 1,129 7.6%

4 31-33 - Manufacturing 259 7.5% 1,100 7.4%

5 52 - Finance and Insurance 201 5.8% 1,148 7.7%


Top 5 Employers **


1 FRASER HEALTH 342 12.8% 1,409 11.7%

2 Loblaws 167 6.2% 542 4.5%


4 WAL-MART CANADA CORP 112 4.2% 401 3.3%

5 Home Depot 98 3.7% 288 2.4%


-

500

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Monthly Job Posting VolumesFraser Valley

Fraser Valley Region, 37 ,

0%North Fraser, 1,515 , 21%

South Fraser, 5,737 , 79%

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Top 10 Occupations

% full-time % part-time % ft or pt % not specified # of Postings0 - Management occupations 43.4% 3.0% 9.4% 44.3% 574 23.4%1 - Business, finance and administration occupations

49.0% 10.1% 5.7% 35.1% 524 21.6%

2 - Natural and applied sciences and related occupations

61.4% 4.8% 6.6% 27.1% 166 -6.2%

3 - Health occupations 22.0% 18.1% 2.1% 57.8% 531 32.1%4 - Occupations in education, law and social, community and government services

53.1% 11.0% 8.9% 27.0% 326 14.4%


35.5% 9.7% 8.1% 46.8% 62 -8.8%

6 - Sales and service occupations 31.0% 28.0% 11.3% 29.6% 2345 44.9%7 - Trades, transport and equipment operators and related occupations

75.5% 2.8% 2.8% 18.9% 645 25.7%


90.8% 1.5% 5.3% 2.3% 131 -22.0%

9 - Occupations in manufacturing and utilities

77.6% 5.2% 11.2% 6.0% 116 -4.9%

Other / Unidentified 32.5% 12.7% 2.6% 52.2% 1869 71.2%



Postings Prev Qtr

% Change

1 6623 - Other sales related occupations 506 265 90.9%2 6421 - Retail salespersons 373 241 54.8%3 0621 - Retail and wholesale trade managers 264 227 16.3%4 3012 - Registered nurses and registered psychiatric nurses 247 169 46.2%5 6622 - Store shelf stockers, clerks and order fillers 235 177 32.8%6 6552 - Other customer and information services representatives 226 116 94.8%7 6411 - Sales and account representatives - wholesale trade (non-technica 180 83 116.9%8 6322 - Cooks 178 171 4.1%9 6611 - Cashiers 165 75 120.0%

10 7511 - Transport truck drivers 94 96 -2.1%

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Appendix A

Relevant Notes from EDAC Conference Sessions:

BDC Chief Economist – Pierre Cleroux:

The 4th Industrial revolution is here – Are Canadian entrepreneurs ready? Digital technologies are revolutionizing the way manufacturers are operating and doing business. Industry 4.0 is the latest revolution. This is more transformational than ever before. This revolution will level the playing field globally and production costs around the world. Early Canadian adopters are seeing dramatic improvement in productivity, growth, consistent quality and customer satisfaction due to real time data and digital technologies. On average nationally, 39% of SMEs have already adopted digital technologies. BC’s average is slightly higher.

Early adopters are most positive about the future of their business. They are more profitable and are paying their workers higher salaries. This will lead to two classes of businesses and workers. The gap between adopters and non is growing. Adopters will survive.

Challenges:

#1 challenge going forward will be getting technology talent.

There will be more people working in technology outside the tech sector than in it!

#2 Obtaining financing for the latest technologies.

Traditional financing has being for equipment – tangible assets. A change of thinking from lenders will be needed to support technology advancements to support non-tangible assets.

#3 Employee resistance to change and re-skilling.

Blue collar jobs are gone. All workers will need to have skills in the new world. Employers need to do a better job of re-training/skilling of their workforce to avoid not being left behind

Recent survey of businesses completed by BDC shows that private sector has heard this message loud and clear and in the allocation of expenditures training,has increased from #22 a few years ago. Top three below:

#1 Technology

#2 Training

#3 Equipment

Economic Developers need to advocate and raise awareness of the benefits of adopting technology. Use other companies as examples of successful adopters. Remember robots are a tool; they’re designed by and operated by humans! In the future, as all householders have a hammer – all will have a robot.

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Appendix A

Industry 4.0 Best practices to share:

#1 Focus on customer needs. Understand your customers’ true motivations for buying from you.

#2 Be strategic. Identify the technologies required to meet your customers’ needs. Evaluate the digital maturity of you business and plan changes accordingly.

#3 Empower your employees. Share your vision, involve your employees in the process and offer adequate training.

#4 Walk before you run. Start with a small pilot project that will allow you to learn and help prepare you for a larger implementation.

Full study can be downloaded at bdc.ca/industrystudy; a handout is also attached.

Other notes of interest:

Globalization of the world and free trade will continue. Brexit and NAFTA issues are short term referred to as a ‘temporary bump’

NAFTA:

USA does have a huge trade deficit BUT trade with Canada is NOT the problem. Trade with Canada is balanced export/imports $400 vs $390 Bn

What will happen is unknown however; if NAFTA falls apart Canada and the USA will revert back to the original FTA which has never been change. This would not result in a major change to the Canadian economy; yes there will be some impacts however not hugely significant.

IF the FTA fall apart WTO tariffs will apply. This will really hurt the Canadian economy. BDC’s Chief Economist feels this would be extremely unlikely happen.

Ontario Investment Office presentation:

New provincial focused investment office has recently opened. With a mandate to be customer-focused, best in class and attract to Ontario. They consider their priorities to be as follows:

1. Keep the businesses that they already have 2. How can they help companies to go global 3. FDI

They recognize the importance of agriculture to the Ontario economy and are aware it is consistently their first or second GDP.

Canada:

We are all facing an issue with obtaining skilled labour.

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Appendix A

How are we going to be successful in a rapidly changing world of innovation and growth?

And collectively what is our value proposition?

What can we do together? Canada is a well-recognized brand

Economic Developers are naturally problem solvers.

Question: Amazon RFP

They are looking at this RFP; trying to get an understanding of what Amazon wants and is looking for. Their criteria are global. They will look for ‘matches’ province wide and discuss provincially what incentives they would be willing to offer. Amazon will be shortlisting their options by Oct 19th.

FDI by Numbers – Making Data Work; Research on Investment (ROI):

ROI has 6 Offices throughout North America (Montreal is Canadian HQ). Now more than ever, communities of all sizes need to be increasingly resourceful and innovative in generating opportunities for investment and diversification. By understanding the driving motivations for overseas expansions as well as key barriers and challenges, communities can be more targeted in articulating their value proposition and better position themselves to attract investment.

Need to be specific, targeted and focused. Last census is too old – not relevant. Need to understand the signals that can be read that a business is ready to expand some of which may include:

Change in c-level staffing

Recruitment of senior resources in non-traditional markets

Expansion trends over the past 5-years

Spike in job posting intensity

Web site translation

Spike in social web activity

Increased energy loads

Patent applications

New/changed addresses

ROI have developed GAZELLE.AI software platform that data crawls from 2000 factors of growth and publications to identify growth, using millions of data points and advanced algorithms. They also interview thousands of C-suite professionals annually to specifically curate the opportunities. Gazelle.ai is a one-stop business intelligence and lead generation

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http://gazelle.ai/

Appendix A

platform that forecasts company growth and expansion created by a team of PhD physicists, economists, mathematicians, data scientists and software engineers.

A fellow EDAC board member is their newly appointed VP for employee and client experience. I will be exploring this platform further and getting some demonstrations lined up.

Go Forth Institute: Leslie McGeough, President and Founder (the first female to obtain a Ph.d in Entrepreneurship)

Dr McGeough shared her insight into what it takes to build economic and community capacity in Canada – one small business at a time. Leslie highlighted that with 2.5 million entrepreneurs in Canada; 50% are lost in the first five years. By studying success factors and condensing these into the top 100 factors, Go Forth Institute seeks to solve this problem by providing entrepreneurs with business skillset development as a key to start and grow a successful small business, create sustainable jobs, social innovation and net economic capacity; improving the odds of success.

Go Forth Institute has become a leading provider of online small business training; 90% of entrepreneurs’ embarking upon the training is completing the course. 150 Organizations across Canada are now partnered with Go Forth to deliver their online business training within their communities. These have included enterprise centres and some community future organizations.

EDAC has become the 150th partner organization with Go Forth and will slowly start rolling this out across the membership. As a board member early access has been provided to me. This access will allow our department to review all of their training materials, enabling us to share this knowledge source with Abbotsford. Once a review has been completed staff looks forward to sharing this with the committee.

Go Forth are now starting to work with building foundational level elements to enable these to be brought into elementary and Junior High schools and enable early skills development.

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The New Industrial Revolution

Often referred to as the Fourth Industrial Revolution, Industry 4.0 will have a profound impact on all manufacturing sectors across the world. But are Canadian entrepreneurs ready? In the first study of its kind, BDC takes an in-depth look at how Canadian small and medium-sized businesses are adapting to this new revolution, and offers valuable insights and recommendations to help make your digital transformation a successful one.

Industrial Revolutions over the ages '' Industry 4.0 allows

c . 1780 c. 1870 c. 1970 c. 1980 today manufacturers to improve Industry 10 Industry 2.0 Industry 3.0 Industry 3.5 Industry 4.0 their efficiency, create

Q fl ~ Q m more personalized products and react more quickly

0 ~ _.._ to customer needs than Mechanization Electrification Automation Globalization Digitization ever before. ''

Benefits of Industry 4.0 for Canadian entrepreneurs

60% boosted their productivity

50% reduced

operating costs

How much have you invested in Industry 4.0 projects?

Less than $50,000 ...;

$50,000 to $99,999 __ _..... __ __,_,

$100,000 to $249,999

$250,000 to $499,999

$500,000 to $999,999

$1 mill ion or more

0 % 10% 20% 30% 40% 50%

42% improved overall product quality

'' The majority of manufacturers who saw the benefits of Industry 4.0 invested $100,000 or less over the last two years.

However, study findings indicate that higher levels of investment are associated with greater Industry 4.0 benefits.'' of 40

Industry 4.0 best practices

© Focus on customer needs

Understand your customers' true motivations for buying from you.

@ Empower your employees

Share your vision, involve your employees in the process and offer adequate training.

What's happening in Canada?

To what extent have you implemented digital technologies (Industry 4.0 projects) in your company?

3% Fully implemented

• 36% Partly implemented

• 17% Started to plan

• 42% Has not done anything

@ Be strategic Identify the technologies required to meet your customers' needs. Evaluate the digital maturity of your business, and plan for changes accordingly.

@ Walk before you run Start with a small pilot project that will allow you to learn and help prepare you for a larger implementation.

'' While Canada is off to a good start, only 3% of Canadian entrepreneurs have fully implemented Industry 4.0 into their business at a time when competitors in the U.S., Europe and Asia are

2% Does not apply/ prefers not to answer moving full steam ahead. ''

Download the full report bdc.ca/industryst udy

Looking for financing to invest in digital technologies or advisory services to assess your needs?

Contact us T: 1-888-463-6232 E: [email protected]

Ce document es1 auss• d1spon1ble en verstan ffa~atSe BP- INOUSTRY4STUOY-E1705 bdc* of 40

BUSINESS INNOVATION GROWTH AND ATTRACTION COMMITTEE

2018 Proposed

MEETING SCHEDULE Please note that all meetings start at 3:00 pm, on Tuesdays in Room 530. • January 30 • March 20 • May 15 • September 11 • November 20

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