Category Archives: Economic Development

12 Questions to Determine if Entrepreneurship is Right for You

Before diving into entrepreneurship in the food and beverage industry, it is recommended to do some self-reflection to determine whether it is a good fit for your personality, skills, resources, lifestyle, and preparedness. This 12-question self-assessment will help you understand how you may perform in an entrepreneurship scenario and how this change would affect your life. Take a few minutes to learn more about being your own boss and what it takes to succeed.

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Program to Raise Ontario Food International Trade (PROFIT) Workshop

OMAFRA’s Program to Raise Ontario Food International Trade (PROFIT) workshop provides Ontario agri-food producers and processors with the main exporting touchpoints required for food and beverage products to the United States. 

For more than 30 years, the PROFIT workshop has grown the success of hundreds of Ontario agri-food businesses by enhancing their market knowledge to export to the U.S.

Following the successful shift from an in-person event to a virtual platform in 2020, the PROFIT seminar will be offered online again this year. The PROFIT seminar series is comprised of nine (TBC) twice-weekly sessions during July and August. It is free for participants to attend, and is being offered to anyone in the agri-food industry that is interested in learning more about exporting food and beverage products to the U.S.

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Regional Economic Analysis Community of Practice Webinar

Join other economic development professionals on Thursday, June 17, 2021 for a panel discussion about regional economic analysis and how to use data to support decision making.

This session is designed to help participants:

  • Gain a better understanding of existing regional and local data to support planning and recovery efforts, such as regional economic base, growth opportunities, sector impact, workforce, and its uses in strategy development.
  • Learn how other communities have utilized different Analyst reports and other data to further their economic development objectives
  • Network with others that use a data driven approach to economic development.
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Informative Resources for Potential Entrepreneurs in the Food Industry

The Government of Ontario is offering new educational resources to assist and guide those who are interested in starting a food business. These resources are intended to inform potential entrepreneurs about various components of starting and operating a food business, as well as to help them discover whether the food industry is right for them.

Key Components of a Business Plan

The first resource offers information about the key components of a business plan, including operations, finance, human resources, marketing and more. It presents many considerations for each of these key components, allowing readers to generate an accurate and fully-encompassing plan for their future business.

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Award-winning EDAC & EDCO Economic Recovery Projects

When COVID-19 cases began to spike in 2020, municipalities started exploring a variety of ways to support businesses. Across Canada, economic development organizations examined the unique challenges facing their communities and created action plans to help businesses survive and recover from disruption caused by the pandemic.

This post showcases organizations and related activities that were recently recognized by the Economic Developers Association of Canada (EDAC) and the Economic Developers Council of Ontario (EDCO) for their economic recovery projects.

At EDAC’s 2020 Conference, three participants won the Marketing Canada Award for the COVID-19 Recovery Project/Plan category:

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REGISTRATION OPEN: MAY 6TH BR+E COMMUNITY OF PRACTICE WEBINAR

A recent survey of rural economic development practitioners across Canada revealed that business outreach and enhanced BR+E programs are two key avenues being explored to aid economic recovery. Business engagement and the use of business-level data to guide strategic planning have historically been core components of effective economic development practice. The current pandemic has reinforced the need to ensure that business needs are identified and addressed in an effective and efficient manner.

Join other BR+E practitioners on Thursday, May 6, 2021 for a panel discussion on a variety of approaches and outcomes relating to three theme areas:

  • Using Focus Groups for Business Engagement – Simcoe County
  • Springing to BR+E Actions during a Pandemic – Wellington County
  • The Art of and Science of Collaboration for BR+E – Dufferin County & the Town of Orangeville

Presentations by panelists representing the communities listed above will be followed by a discussion and Q&A segment.

To register for the event, follow this link

OMAFRA provides economic development tools, training and technical guidance to rural Ontario communities. Follow this link for more information on the OMAFRA BR+E program.

Learn How Clients are Using ANALYST to Inform Their Planning Decisions

Analyst is an online tool that pulls data from a range of sources to provide information on regional economies and workforces. Clients can use Analyst to understand the demand for educational programs, identify the skills that employers need, communicate the value of higher education to parents and students, connect jobseekers to the labor market, find the right talent, and so much more. 

But, over time, a common pattern has emerged. No matter the use or application, almost every client uses Analyst to do the following: 

  1. Discover
  2. Strategize
  3. Lead
  4. Build relationships
Continue reading Learn How Clients are Using ANALYST to Inform Their Planning Decisions

Registration Open: Online Agriculture Economic Development Training

If your community is looking for ways to support your local agriculture sector; consider attending the Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA) online Agriculture Economic Development Training.

The course is split into two sessions and registration is free.

  • Tuesday April 27, 10am – 11:30am
  • Tuesday May 4, 10am – 11:30am

This interactive training will:

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Tips for Hosting a Successful Virtual Annual General Meeting

With the ongoing pandemic, Annual General Meetings (AGM) are being held in a virtual environment using video conferencing. Video conferencing is a good option when meetings can’t be held in-person. Participants still have the ability to be heard and seen in real-time using online meeting platforms.

Now more than ever, it is very important to plan for your AGM well in advance. This includes setting the date, time, downloading or purchasing the necessary online meeting platform, and sending meeting materials and links to attendees at least a week before the AGM. Although you may be hosting your AGM within the comfort of your own home, you still want to maintain a professional presence.

Here are some tips on conference call/video etiquette:

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Register Now: Spring 2021 BR+E Coordinator Training

Do you want to learn how to engage the business community so you can strengthen your local economy? Consider attending the Ontario Ministry of Agriculture, Food and Rural Affairs’ (OMAFRA) three-part Business Retention + Expansion (BR+E) training in April:

  • Thursday, April 8th 10:30am – 12pm
  • Thursday, April 15th 10:30am – 12pm
  • Thursday, April 22nd 10:30am – 12pm

As communities explore ways to support local businesses and foster post-pandemic growth, a BR+E project can assist by:

  • prioritizing business engagement
  • identifying key challenges and opportunities
  • provide insights into how to develop long-term goals and actions

BR+E fundamentals (spanning all four stages of the OMAFRA BR+E process) will be covered during the three training blocks.

Register for the BR+E training. More information about the OMAFRA BR+E program.