The “first ever” report of this kind, establishes a baseline of the economic and social contribution of Business Improvement Areas to Ontario’s communities.
The Return on Investment of Business Improvement Areas (BIAs) project was spearheaded by the Ontario Business Improvement Area Association (OBIAA) and Toronto Area Business Improvement Association (TABIA) and funded through the Ministry of Municipal Affairs (MMA).
The primary goal of the year-long project was to:
- Establish a set of common indicators for BIAs across Ontario
- Create a pool of tools and metrics for BIAs to share their impact and analyze trends
- Understand what is happening in Ontario’s downtowns and mainstreets
- Outline existing gaps in the data base and how to go about filling them
The consultative process throughout the project was extensive and included a broad range of input from a full spectrum of BIAs, municipalities, and other stakeholders.
“Our goal was to provide the over 310 BIAs across Ontario with the understanding they need to manage and grow their capacity to be vital partners to their members, to their communities and to their municipalities,”
– Kay Matthews, OBIAA’s Executive Director.
The ROI Report identifies that BIAs are:
- Unique in scale and geography
- Big on passion
- Ground Zero for business innovation and incubation because they support small businesses
Here are some key observations from the report:
- BIAs can drive employment, with the survey of 162 BIAs across the province highlighting BIAs that are attracting notable levels of employment to an area (increased the daytime population by over 800% in one BIA), and BIAs that account for a significant proportion (ranging from 0.2:1 to 0.9:1) of the jobs in a community.
- An average of 6% of BIA membership represents new businesses.
- Based on Real Estate Board data, the cost of a single family home or condominium within 500m of a BIA rose on average 46% between 2011 and 2016.
- 75% of BIAs have a significant stock of properties that are either heritage-designated or of heritage interest.
- BIAs produce an estimated total of 1200 events each year, and another 1300 produced by other community organizations land within the BIA boundaries.
- Over half (55%) of reporting BIAs had members leveraging façade programs, generating an average 2.5:1 private sector to municipality investment ratio with an average of $0.17 per capita invested
Continue reading Ontario Business Improvement Areas Releases Return ON Investment Report
The workforce population is shrinking as more and more baby-boomers retire. This will result in more pressure for communities to actively attract and retain immigrant talent.
This webinar is designed to help rural employers and communities understand how to attract newcomers.
Date: Thursday, April 6
Time: 12 pm – 1 pm
Continue reading Attracting & Retaining Immigrant Talent in Rural Areas – Free Webinar
Held on November 15th, 2016, and hosted by the Municipality of Brooke-Alvinston, OMAFRA, Sarnia-Lambton Economic Partnership, and Sarnia-Lambton Business Development Corporation, this event brought together 126 community volunteers, business champions, municipal staff and elected officials to hear ideas about revitalizing small communities.
Continue reading Key Takeaways: Teeny Tiny Southwest Summit
The 8th annual Municipal Agriculture Economic Development Forum was held on November 2 & 3rd in Caledon at both the Millcroft Inn and Spa in Alton and the Caledon Pan Am Equestrian Park in Palgrave respectfully.
Delegates came from across Ontario with disciplines in both municipal planning, tourism and local economic development with agriculture and food (farming, food processing, agri-tourism, equine/agri-business sector, and agri-entrepreneurship) as part of their portfolio.
Continue reading 8th Annual Municipal Agriculture Economic Development Forum Highlights
As the downtown revitalization community of practice sessions have come to an end, we thought it would be a perfect time to reflect on the key learnings and benefits that these sessions provide to our clients. Community of Practice sessions are generally held as a knowledge transfer opportunity; these sessions aim to provide feedback, support, and guidance to those who wish to partake in a downtown revitalization initiative.
Continue reading Key Takeaways: Downtown Revitalization Community of Practice
Registration is now open for the 8th annual Municipal Agriculture Economic Development Forum, taking place November 2 – 3, 2016. The forum will be hosted by the Town of Caledon and the Ministry of Agriculture, Food and Rural Affairs. Those with municipal and economic development portfolios, with specific focus on farming, food processing, agri-tourism, equine/agri-business sector, and agri-entrepreneurship, will have an opportunity to network, share successes, and experience the “tastes” and sites of Caledon. Register to learn more about programs and opportunities for the agricultural sector. Continue reading Municipal Agriculture Economic Development Forum – Taking Registrations!