Committee of the Whole/Documents/South Island Prosperity Partnership Update and Rising Economy Taskforce
Presentation
South Island Prosperity Partnership Update and Rising Economy Taskforce
September 15, 2020Pages 27–3914 sections
A delegation presentation regarding economic recovery initiatives on South Island, the progress of the Rising Economy Taskforce, and a five-year funding request for the partnership.
+120 stakeholders11 sector committeesRising Economy Week November 16-20$100K in federal funding received5-year renewed funding request for municipalities
Page 27–39
Abattoir Study & Food Sovereignty
Page 27–39
Esquimalt Economic Development Roadmap (pilot)
- SIPP oversaw a process with a consultant to turn the Township’s 2014 strategy into an updated and actionable roadmap. Council received final plan in late August.
- Considered the important relationship between local and regional economic development.
Page 27–39
Smart Cities
Page 27–39
Rising Economy Taskforce
- SIPP acted proactively to launch the Rising Economy Taskforce to coordinate a strong local response to the economic crisis created by COVID-19.
- +120 stakeholders - largest coordinated industry-led recovery effort in B.C.
- Works with 11 sector committees to inform a robust recovery strategy.
- Establishes a regional plan to accelerate recovery efforts through inclusive growth, with a focus on regional resiliency.
Page 27–39
Progress
- +120 stakeholders
- 10 committee reports
- +50 total meetings / workshops
- +250 surveys
- +39 recommendations
- 9 recovery themes
Next:
- Immediate actions: quick wins, advocacy priorities and partnership opportunities
- Regional Recovery Strategy and Rising Economy Week in November
Page 27–39
Timeline
| Timeline | Who | When | Status |
|---|---|---|---|
| Establish Leadership | SIPP | April | √ |
| Situation Analysis and Future-Casting | Committees | May - July | √ |
| Committee Reports | Committees | August 10 | √ |
| Taskforce Q&A on Committee Reports | Taskforce | August 18 | √ |
| Create Working Definitions of Vision, Priorities, Goals, Measures | Working Group | Sept 14, 18 | |
| Review Working Draft of Rising Economy Recovery Strategy | Taskforce | October 20 | |
| Rising Economy Week | Public | November 16-20 |
Page 27–39
Early Traction
- ‘COVIDSafe’ verification app w/ BC Gov and Retail, Services, & Restaurants Committee
- Micro-Credential training for upskilling displaced workers in digital marketing w/ Alacrity Foundation, BC Gov
- 100K in funding received from Fed Gov for “shovel-worthy” proposals from TF recommendations such as Micro-Credentials and Ocean Futures Innovation Hub
Page 27–39
Monthly Recovery Dashboard
Page 27–39
#RisingEconomyWeek
Mark your calendar for a pivotal virtual event focused on accelerating our region's economic recovery.
Featuring leading thinkers, disruptive ideas, trend insights, economic outlooks, panel discussions, idea-building workshops — and the much-anticipated release of a multi-sector action plan for economic recovery.
Reserve your place today OurRisingEconomy.com
Page 27–39
Awards
- Gold, Excellence in Economic Development Award 2019, International Economic Development Council (IEDC)
- Bronze, Excellence in Economic Development Award 2018, International Economic Development Council (IEDC)
- Smart 21 Communities Award, Intelligent Community Forum (ICF) — the first time Greater Victoria has received the honour.
- Governance Award, Smart City World Expo (SIPP was shortlisted in the top five from 473 cities worldwide)
Page 27–39
The SIPP Team
Our small, agile team is passionate about economic recovery and smart growth for the South Island.
Page 27–39
5 Year Renewed Funding Request
South Island Prosperity Partnership Funding Model
| Municipality | 2016 Census + 2018 Tax Blend Amount | Percentage contribution | CURRENT $ Based on Percentage | YR1 PROPOSED | YR2 2022 | YR3 2023 | YR4 2024 | YR5 2025 |
|---|---|---|---|---|---|---|---|---|
| CPI Increase | 2.50% | 2.50% | 2.50% | 2.50% | ||||
| 1 Saanich | $ 199,600 | 28.88% | $ 179,562 | $ 179,562 | $ 184,051 | $ 188,652 | $ 193,368 | $ 198,202 |
| 2 Victoria | $ 243,397 | 35.22% | $ 218,962 | $ 218,962 | $ 224,436 | $ 230,047 | $ 235,798 | $ 241,693 |
| 3 Oak Bay | $ 48,936 | 7.08% | $ 44,024 | $ 44,024 | $ 45,124 | $ 46,252 | $ 47,409 | $ 48,594 |
| 4 Esquimalt | $ 38,170 | 5.52% | $ 34,338 | $ 34,338 | $ 35,197 | $ 36,077 | $ 36,978 | $ 37,903 |
| 5 Colwood | $ 36,968 | 5.35% | $ 33,257 | $ 33,257 | $ 34,088 | $ 34,940 | $ 35,814 | $ 36,709 |
| 6 C Saanich | $ 28,383 | 4.11% | $ 25,534 | $ 25,534 | $ 26,172 | $ 26,827 | $ 27,497 | $ 28,185 |
| 7 Sooke | $ 18,524 | 2.68% | $ 16,664 | $ 16,664 | $ 17,081 | $ 17,508 | $ 17,946 | $ 18,394 |
| 8 Sidney | $ 29,045 | 4.20% | $ 26,129 | $ 26,129 | $ 26,782 | $ 27,452 | $ 28,138 | $ 28,841 |
| 9 N Saanich | $ 20,073 | 2.90% | $ 18,058 | $ 18,058 | $ 18,509 | $ 18,972 | $ 19,446 | $ 19,933 |
| 10 View Royal | $ 23,071 | 3.34% | $ 20,755 | $ 20,755 | $ 21,274 | $ 21,806 | $ 22,351 | $ 22,910 |
| 11 Highlands | $ 4,913 | 0.71% | $ 4,419 | $ 4,419 | $ 4,530 | $ 4,643 | $ 4,759 | $ 4,878 |
| Total | $ 691,081 | 100.00% | $ 621,701 | $ 621,701 | $ 637,244 | $ 653,175 | $ 669,504 | $ 686,242 |
Note: 2.5% increase year over year (2019 CPI%)
Page 27–39
We’re Grateful For Your Support!
Representing an important district of the South Island region, the Town of View Royal is a key partner in the movement to create an inclusive, resilient economy that values quality of life.
Page 27–39
Document Images
(12)
Extracted from: 2020 09 15 Committee of the Whole Agenda - Agenda - Pdf