|
Goals, Objectives, Strategies and Results — Continued
Goal 2: Increasing economic development throughout British
Columbia, particularly in the Heartlands.
This goal focuses on fostering economic growth and diversification
in all regions and sectors of the province.
- Core Business Area:
- Enhancing Economic Development throughout British Columbia.
- Objective 2.1:
- Facilitate economic growth throughout the province.
The Ministry's strategies to facilitate economic growth will focus
on facilitating capital investment projects and on growing specific
sectors, including: the tourism, convention centres and cruise line
sectors.
| Performance Measures |
2003/04
Actual/Base |
2004/05
Target |
2005/06
Target |
2006/07
Target |
| Total number of inbound investment projects. |
4 projects |
6 additional projects |
6 additional projects |
6 additional projects |
| $20 million/200 jobs |
$30 million/ 450 jobs |
$30 million/450 jobs |
$32 million/ 500 jobs |
| Increase Tourism Activity |
|
|
|
|
| Total Cruise Passengers1 |
1.14 million |
1.17 million |
1.21 million |
1.25 million |
| Total Room Revenue2 |
$319 million |
$325.5 million |
$338.5 million |
$348.5 million |
| Total Delegate Days3 |
412,400 |
424,800 |
437,500 |
450,700 |
- Strategies:
- 1. Advance small business growth — ensure government
policy, regulations and service delivery frameworks support small
business success.
- 2. Inbound investments — facilitate inbound
investment into high-growth, high-opportunity sectors.
- 3. Provincial Tourism Strategies — implement
strategies to promote British Columbia and achieve increases in
tourism revenues. Examples of strategies include: Cruise British
Columbia initiative to increase the number of cruise lines visiting
British Columbia ports; joint marketing and promotion activities
with Alberta to increase tourism and travel throughout communities
and rural areas of both provinces; and Convention/Conference Sector
initiative to increase convention/conference travel to British
Columbia.
- Objective 2.2:
- Maximize federal/provincial funding for our Heartlands.
This objective focuses on maximizing British Columbia's share of
federal funding under the Canada/British Columbia Infrastructure
Program and the Western Economic Partnership Agreement. The Ministry's
strategies are aimed at efficiently distributing contributions to
support business and infrastructure development, particularly in
Heartlands communities.
| Measures |
2003/04
Actual/Base |
2004/05
Target |
2005/06
Target |
2006/07
Target |
| Canada/British Columbia Infrastructure Program project
funding. |
Commit 80 per cent of program funds by Spring
2004. |
Manage contracts to distribute $66.5 million of federal/provincial
funding to local governments and non-governmental organizations. |
Manage contracts to distribute an additional $66.5 million
of federal/provincial funding to local governments and non-governmental
organizations. |
Ensure that $133 million of federal/provincial funds
has been used to build or improve over $200 million worth
of local infrastructure. |
| Western Economic Partnership Agreement project funding. |
New 5 year agreement in place by Fall of 2003. |
Commit 20% of total program funds on approved projects. |
Commit 40% of total program funds on approved projects. |
Commit 60% of total program funds on approved projects. |
| Regional Science and Technology Council funding |
Fund seven existing councils.
Formalize a Northwest council by Spring 2004.
|
Ongoing* |
Ongoing* |
Ongoing* |
- Strategies:
- 1. Canada/British Columbia Infrastructure Program
— fund infrastructure projects that support economic development
in the Heartlands.
- 2. Western Economic Partnership Agreement —
negotiate new funding agreement for Economic Development Initiatives
that recognize sectoral regional needs.
- 3. Funding for Regional Science and Technology Councils
— fund science and innovation approaches for regional applications,
e.g., funding e-commerce and e-learning projects, funding high-speed
access to rural locations and assisting science and technology
businesses access capital.
- Objective 2.3:
- Advocate on behalf of small business.
Small businesses comprise approximately 97 per cent of British
Columbia's businesses and are the primary source of job creation
in the province. Consequently, economic growth within the small
business sector is vital to the province's economic performance.
| Measures |
2003/04
Actual/Base |
2004/05
Target |
2005/06
Target |
2006/07
Target |
| Number of transactions by Canada/British Columbia Business
Services Society. |
130,000 transactions |
135,000 transactions |
140,000 transactions |
145,000 transactions |
| Small business participation in Olympic business opportunities. |
Work with Canada/BC Business Services Society and the Olympic
Secretariat to develop and implement a plan to maximize opportunities
for small business. |
3,000 businesses registered for updates on 2010 opportunities. |
Cumulative total of 5,000 businesses registered for updates
on 2010 opportunities. |
Cumulative total of 7,000 businesses registered for updates
on 2010 opportunities. |
- Strategies:
- 1. Canada/British Columbia Business Services Society
— provide one-stop access to business information and tools
for small business startup and expansion.
- 2. Small business participation in 2010 Olympic and Paralympic
Winter Games — ensure small businesses are informed
of opportunities leading up to the 2010 Olympic Games.
|
