community investment support program cisp l.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Community Investment Support Program (CISP) PowerPoint Presentation
Download Presentation
Community Investment Support Program (CISP)

Loading in 2 Seconds...

play fullscreen
1 / 14

Community Investment Support Program (CISP) - PowerPoint PPT Presentation


  • 220 Views
  • Uploaded on

Community Investment Support Program (CISP) Presentation to EDAC September 26, 2006 CISP 2006/07 Allocation of Funds $40,000 (1) $33,910 (1) $177,376 (8) $455,200 (17*) $480,195 (20*) $150,000 (5) $187,015 (7) $879,607 (22) $1,893,570 (40) $40,000 (1) $233,730 (8) $266,846 (7)

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Community Investment Support Program (CISP)' - ryanadan


Download Now An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
community investment support program cisp

Community Investment Support Program(CISP)

Presentation to EDAC

September 26, 2006

slide2

CISP 2006/07 Allocation of Funds

$40,000 (1)

$33,910 (1)

$177,376 (8)

$455,200 (17*)

$480,195 (20*)

$150,000 (5)

$187,015 (7)

$879,607 (22)

$1,893,570 (40)

$40,000 (1)

$233,730 (8)

$266,846 (7)

slide3

CISP Update

  • Financial Lapsing
  • Efforts being taken to reduce lapsing for 2006/07
    • First Claims required
    • Early identification of funds for de-commitment
  • Website Redesign
  • CISP site has been redesigned to allow for easier navigation and downloading of key documents
  • Redesigned Application Form
  • Form limits length of responses and improves integration with adjudication boards
  • Readiness Guide and Test
  • Developed in collaboration with EDAC
  • All applicants will be required to complete the test and provide it with their CISP application
slide4

CISP Calendar 2006-2007

  • September 2006
  • First Claims required
  • November 2006
  • Nov. 17th: Disclosure of de-committed funds for 2006/07 and identification of “B” projects
  • Nov. 30th: 2007/08 Application Deadline
  • March 2007
  • March 15th: Deadline for 2006/07 CISP Final Reports
  • March 31st: 2006/07 agreements expire
  • June 2007
  • June 30th: Deadline for 2006/07 final claims
slide5

The Investment Continuum

Level of Private Sector Support should increase along the continuum

Step 2

Step 1

Step 3

Step 4

Step 5

Research to

Identify

Competitive

Advantage

Development of

Community

Profile

Target Industry

Sector

Geographic

Area

Identify

Marketing

Strategy

Executing the

Plan

Create

Inventory of

Foreign Owned

Companies within

Municipality

Examine Growth

Potential in Key

Sectors

Develop Sector

Strategy

Identify Firms

with Retention

and Expansion

Possibilities

Strategy Development and Implementation

Capacity Building

Step 6

Monitor,

Evaluate, and

Adjust

slide6

Priority Activities 2007-2008

  • Capacity Building
  • All communities applying to CISP should be able to demonstrate the basics.
  • Ensure strength research is completed
  • Develop the tools to effectively present your municipality and service investors
  • Business Retention and Expansion
  • Approximately 80% of investment in Canada is through retention and expansion of existing foreign subsidiaries in Canada
  • Not all municipalities have the resources to run foreign investment attraction strategies abroad
  • Partnerships
  • Working within a regional partnership allows smaller communities to leverage larger opportunities
  • Many investors prefer researching regions as opposed to small individual municipalities
slide7

Trail, BC

  • Powell River, BC
  • Swift Current, SK
  • Winnipeg, MN
  • Kingston, ON
  • Welland, ON
  • Sherbrooke, QC
  • Summerside, PEI

Best Practices

  • Several “best practices” have led to documented results:
  • CISP assisted with:
    • Researching strengths and weaknesses
    • Making best use of limited resources for low cost, high visibility marketing
    • Building regional alliances
slide8

Why measure the outcomes?

  • CISP mandate expires March 31 2009
  • A five year extension will be dependent on ability to demonstrate the program has produced anticipated outcomes
  • Investment attracted and jobs created represent only “Ultimate Outcomes”
  • Much more needs to be captured…
slide9

Outputs and Outcomes

  • Training
  • Community profiles/Asset mapping
  • Marketing, aftercare and BR&E strategies
  • Initiatives by recipients (e.g. missions)
  • Post-Investment meetings, research
  • Reports, studies and tools

Outputs

  • Enhanced capacity of Canadian communities to service investors
  • Enhanced linkages with site selectors and potential investors
  • Enhanced partnerships within and across communities
  • Measures to address aftercare issues
  • Identification of local investment community
  • Enhanced capacity to promote community as a location for investment via website and

other medium

Immediate Outcomes

Within one year

  • Increased number of serious investment prospects
  • Increased knowledge of BR&E potential
  • Improved aftercare services

Intermediate Outcomes

Within 2 years

Increased foreign investment in Canadian communities

  • Improved retention of existing foreign investment
  • Increased expansion of foreign investments
  • Increased Canadian employment and economic growth

Ultimate Outcomes

Between 3 to 5 years

slide10

Example 1: Training

Completion of a training course

Outputs

  • Increased understanding of the value of, and need for regional co-operation
  • Improved Knowledge of investment attraction practices
  • Increased understanding of how to evaluate the potential of investment opportunities
  • A clearer idea of roles and responsibilities at all levels (Fed/Prov/Municipal)
  • Ability to plan “next steps”

Immediate Outcomes

Within one year

  • Better tools to research and analyse local economic strengths and weaknesses
  • Increased knowledge of local Investment aftercare needs & attraction & expansion potential
  • Develop and implement investment, aftercare and BR&E Strategy

Intermediate Outcomes

Within 2 years

  • Aftercare issues addressed
  • Increased foreign investment in Canadian communities
  • Improved retention of existing foreign investment
  • Increased expansion of foreign investments
  • Increased Canadian employment, job creations and economic growth

Ultimate Outcomes

Between 3 to 5 years

slide11

Example 2: Investment Tools

Research, Community Profiles, Website

Outputs

  • Improved understanding of communities strengths
  • Improved community visibility
  • Improved ability to respond to investment inquiries

Immediate Outcomes

Within one year

  • Increased interest in the municipality shown by the foreign investors
  • Increased number of visitors to the community’s website
  • Increased number of investment inquiries
  • Increased number of serious investment prospects

Intermediate Outcomes

Within 2 years

  • Increased foreign investment in Canadian communities
  • Improved retention of existing foreign investment
  • Increased expansion of foreign investments
  • Increased Canadian employment and economic growth

Ultimate Outcomes

Between 3 to 5 years

slide12

Example 3: BR&E Strategy

Develop BR&E Strategy

Outputs

  • Identification foreign investors already established in the community by priority sectors
  • Initial meetings with investors
  • General understanding of sector strengths and priorities
  • Establish partnership with National investment network

Immediate Outcomes

Within one year

  • Address sectoral issues identified through meetings

Intermediate Outcomes

Within 2 years

  • Increased foreign investment in Canadian communities
  • Improved retention of existing foreign investment
  • Increased expansion of foreign investments
  • Increased Canadian employment and economic growth

Ultimate Outcomes

Between 3 to 5 years

slide13

Measuring Results: Next Steps

  • Improved Reporting Template
    • To better capture program successes, CISP management will redesign the CISP final report template
    • All successful CISP applicants (2006/07 and on) will be required to complete the template
    • Successful CISP applicants prior to 2006/07 are encouraged to complete the template
slide14

Contact

John Hobbs

Manager

Community Investment Support Program – CISP

Foreign Affairs and International Trade Canada

Telephone: 613-944-3142

Fax: 613-944-3178

E-Mail: john.hobbs@international .gc.ca