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Economic Development Department – “MIPIM 2011 – Investment Attraction”

Council Update: MIPIM 2011 – Investment Attraction. Presented By : Bob Cheetham Manager of Economic Development Town of Smiths Falls March 21, 2011. Economic Development Department – “MIPIM 2011 – Investment Attraction”. MIPIM - Cannes, France.

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Economic Development Department – “MIPIM 2011 – Investment Attraction”

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  1. Council Update: MIPIM 2011 – Investment Attraction Presented By: Bob Cheetham Manager of Economic Development Town of Smiths Falls March 21, 2011 Economic Development Department – “MIPIM 2011 – Investment Attraction”
  2. MIPIM - Cannes, France Marché International des Professionnelsd'Immobilier (MIPIM) Largest Real Estate Investment Show in the World Annual Event in Cannes, France Participated as one of six municipalities from Ontario at the Ontario Ministry of Tourism & Culture Booth March 8th-11th, 2011 Economic Development Department – “MIPIM 2011 – Investment Attraction”
  3. The Ontario Booth Economic Development Department – “Fostering The Creative Economy”
  4. The Response to MIPIM Total Attendance: 17,300 Countries Attending: 81 Investors Attending: 1,158 Exhibitors: 1,720 Corporate End-Users: 193 Architects Attending: 654 Local Authorities: 406 Hospitality Professionals: 122 Companies Attending: 6,961 Economic Development Department – “MIPIM 2011 – Investment Attraction”
  5. Ontario Presentation Results Visits to the Booth: 1,000 + Direct Leads Generated: 125+ Participants: City of London City of Mississauga Invest Toronto City of Sault Ste. Marie Tourism Ontario East Economic Development Commission Town of Smiths Falls Ontario Ministry of Tourism & Culture Economic Development Department - “MIPIM 2011- Investment Attraction”
  6. The Ontario Team The six municipalities representing the Province of Ontario at MIPIM 2011 Economic Development Department - “MIPIM 2011- Investment Attraction”
  7. The Competition Baku White City, Russia City of London, England Economic Development Department – “MIPIM 2011 – Investment Attraction”
  8. The Investment Participation Fee: $5,000.00 Air Fare: $1,078.54 Accommodations: $2,199.55 Land Travel: Ontario $ 432.00 France $ 202.38 Meals: $ 246.09 (Average of $35.16 /day) Total Expenditure: $9,158.56 Economic Development Department - “MIPIM 2011 – Investment Attraction”
  9. The Outcomes Circulated 275 Development Brochures One-on-one Meetings with 23 potential investors Active Interest Expanded Network Investment Follow-up Collaborative Activity Increased Awareness by Ministry of Tourism & Culture Global Recognition of Community Solid Investment Leads Economic Development Department - “MIPIM 2011 – Investment Attraction”
  10. International Exposure The Town of Smiths Falls was interviewed by the media in Cannes and was part of an article called “Ten Reasons for Going to Ontario” in the MIPIM News, on Thursday March 10th, where the community shared exposure with Mayor Hazel McCallion from the City of Mississauga. The MIPIM News is circulated daily at all hotels in Cannes and to all Trade Show participants and attendees. Direct Exposure Costs: $0.53/MIPIM attendee Economic Development Department - “MIPIM 2011 – Investment Attraction”
  11. Next Steps Follow-up with investment leads Prepare Request for Expressions of Interest (REI) and related information package Undertake structural study of the Water Treatment Facility Foundation Establish Project Review Team (Town, Parks Canada, RVCA and other related Community Stakeholders) Advertise Call for Expressions of Interest (Print/Web Based) Review REI Submissions received Comprehensive review by Project Review Team Present options to Council for consideration Select preferred option and undertake discussions with developer/investment group Public Information Sessions Proceed with potential development Economic Development Department - “MIPIM 2011 – Investment Attraction”
  12. Recognition James Lynn, Senior Investment Consultant, Ministry of Tourism & Culture for his efforts and collaboration CAO Wayne Brown for his foresight and quick action Parks Canada for its cooperation and support Municipal Council for its support and forward thinking approach to economic development and promotion of the community Director Elaine Mallory for ongoing support and belief in the potential that exists for the development of the Town’s property along the UNESCO World Heritage Rideau Canal Economic Development Department - “MIPIM 2011 – Investment Attraction”
  13. In Future – The New Bob Cheetham “Advee” from Bendor Robotics circulates throughout the exhibition hall and engages people in a dialogue about the community, its interest and the investor/developers needs. The unit is available for rent from Bendor Robotics Economic Development Department - “MIPIM 2011 – Investment Attraction”
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