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Thunder Bay Economic Developments

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In this issue:<br />

CEDC Board Welcomes New Director<br />

<strong>Thunder</strong> <strong>Bay</strong> <strong>Economic</strong><br />

<strong>Developments</strong><br />

Vol. 6 Issue 2<br />

CEDC Welcomes Stacia Kean<br />

TBAYTEL – Bundle your Business Services<br />

Summer Company 2013<br />

The Bitter Sweet Taste Of Success<br />

Love What You Do and Let The Money Flow<br />

BDC: Entrepreneurs First<br />

Mining Readiness Strategy Update<br />

<strong>Economic</strong> Indicators<br />

On the Cover:<br />

Mining Reasdiness Strategy<br />

See page 8


Contents<br />

CEDC Board Welcomes New Director<br />

CEDC Welcomes Stacia Kean<br />

TBAYTEL – Bundle your Business Services<br />

Summer Company 2013<br />

The Bitter Sweet Taste Of Success<br />

Love What You Do and Let The Money Flow<br />

BDC: Entrepreneurs First<br />

Mining Readiness Strategy Update<br />

<strong>Economic</strong> Indicators<br />

Photo of <strong>Thunder</strong> <strong>Bay</strong> Regional Health<br />

Sciences Centre - TBRHSC by: Paul Morralee<br />

1<br />

1<br />

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3<br />

4<br />

5<br />

6<br />

8<br />

9


The <strong>Thunder</strong> <strong>Bay</strong> Community <strong>Economic</strong> Development Commission (CEDC) is pleased to<br />

announce the appointment of Barb Courte Elinesky to its team as a Community Director<br />

for the Board of Directors of CEDC.<br />

Barb Courte Elinesky is the CEO of Cobra Drilling & North Star Drilling and is a strong<br />

business leader.<br />

Her ability to make quick business decisions, acquired through years of hands-on<br />

management experience, and her close connection to the mining industry in the <strong>Thunder</strong><br />

<strong>Bay</strong> region makes her an asset to the CEDC team.<br />

“My goal is to help local businesses be the catalyst in making <strong>Thunder</strong> <strong>Bay</strong> the hub of<br />

Mining and economic activity.”<br />

CEDC WELCOMES NEW ENTREPRENEUR CENTRE<br />

DEVELOPMENT OFFICER<br />

Stacia Kean is the new Development Officer at the <strong>Thunder</strong> <strong>Bay</strong> & District<br />

Entrepreneur Centre (EC). Prior to joining the Entrepreneur Centre, Stacia held the<br />

position of Regional Business Counsellor with the PARO Centre for Women’s Enterprise.<br />

There she worked with entrepreneurs in all aspects of business development and<br />

oversaw the expansion of PARO's business services throughout Northeastern Ontario.<br />

Past experience also includes serving as a member of the Board of Directors for the<br />

Canadian Community <strong>Economic</strong> Development network, board member for the<br />

Canadian Committee for UNIFEM, and as a member of the Advisory Council for the<br />

Entrepreneurship Program at Confederation College. With a background in social work<br />

(BSW) and business administration (MBA), Stacia brings a wealth of experience to the<br />

Centre, including working with First Nation and Francophone communities throughout the<br />

region.<br />

Interests<br />

THE CEDC BOARD WELCOMES NEW DIRECTOR<br />

Stacia's interests include kayaking, supporting the businesses at the <strong>Thunder</strong> <strong>Bay</strong><br />

Country Market, and walking with her Bernese Mountain Dog Burt.<br />

Page 1


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Page 3


The proverbial phrase, “when life gives you lemons, make<br />

lemonade” is exactly what <strong>Thunder</strong> <strong>Bay</strong> locals, Irene Kozlowski<br />

and Joe Quaresima did back in the 2001 when the company<br />

they worked for suddenly closed. Now 12 years later, the<br />

partners head up one of North America’s most innovative<br />

web-based businesses, Sencia Canada Ltd.<br />

Specializing in online application development, Sencia<br />

Canada boasts 18 employees and over 400 clients<br />

worldwide. Ninety-six percent of annual revenues are<br />

recurring, which offers stability to Sencia’s employees and<br />

clients.<br />

SIMS, best known in <strong>Thunder</strong> <strong>Bay</strong>, provides businesses with<br />

the ability to update their websites with powerful, easy-to-use<br />

tools using latest technologies but the company’s highest<br />

revenue product is the Informetica System; a learning content<br />

management system enabling clients to train students, staff or<br />

customers online. With Informetica, users can access course<br />

or topic libraries, transcripts and certifications significant to<br />

their job roles or program of study. The system provides<br />

powerful reports to managers and instructors.<br />

“We have clients worldwide using Informetica, including<br />

renowned Novo Nordisk, a global healthcare company with<br />

over 90 years of innovation in diabetes care,” says Kozlowski.<br />

“Another large client here in Canada trains over 50,000<br />

long-term healthcare workers in conducting patient<br />

assessments. Sencia’s largest client has over 80,000 students.<br />

They use the system to certify students in their coureware<br />

offerings, including those at the University of Phoenix, the<br />

world’s largest online university.”<br />

Sencia is thriving in the competitive information technology<br />

industry and is proud to be in <strong>Thunder</strong> <strong>Bay</strong>. Kozlowski<br />

attributes these significant triumphs to the entire team. “People<br />

who work here are passionate about what they do. We hire<br />

professionals who will listen and learn about our client’s needs<br />

and then transform or configure our systems to help them<br />

achieve their goals. We totally understand that if our clients<br />

do well, we do well. In recent years, technology has evolved<br />

dramatically and clients are looking for companies that can<br />

provide solutions specific to their needs.<br />

Page 4<br />

THE BITTER SWEET TASTE OF SUCCESS<br />

Staying on top of the latest trends, and investing in Research<br />

& Development is something that the Sencia team focuses<br />

on every day. Mobile trends and accessibility remain a top<br />

area of focus today.<br />

In terms of advice for budding online entrepreneurs, Kozlowski<br />

is humble and recommends asking for help. “We as people<br />

are always so hard on ourselves, especially as new entrepreneurs.<br />

We need to listen to clients and partner with complementary<br />

businesses to provide expertise from all angles. It is<br />

pivotal in today’s market.” The Sencia story is proof positive<br />

that a sour situation can really become something sweet!<br />

Irene Kozlowski,<br />

Co-founder of Sencia Canada Ltd.<br />

Sencia's attention to client's business needs by providing<br />

excellent support and services is Sencia's strength. Sencia<br />

works with many clients, large and small, offering an excellent<br />

mix of<br />

e-business solutions.<br />

Visit www.sencia.ca


In 2010, there was a huge phenomenon inspired by the<br />

self-help bestseller and blockbuster called “Eat, Pray, Love”.<br />

The story inspired millions of women to travel around the<br />

globe in search of self-discovery and happiness. This is a<br />

journey that Izabela Wozniczka, yoga instructor and owner of<br />

“Life is Precious Yoga”, knows so well. The answer to finding<br />

happiness, she discovered, is right in our own back yard.<br />

Originally from Poland, Izabela fell in love with yoga by<br />

surprise. With the goal of becoming a Master in Hapkido (a<br />

Korean Martial Art), Izabela travelled to South Korea. To<br />

gain strength, she started practicing yoga every morning.<br />

Although she found it to be more of a chore at first, it is now a<br />

passion she lives and breathes every day. “I had a black belt<br />

in Hapkido and Tae Kwon Do, and graduated from<br />

Kinesiology. Yoga was just a side dish for me at first, but then<br />

it hit me-I had it all wrong. Ever since that moment, yoga is my<br />

life; it is not something I do, it is how I live.”<br />

This past September, Izabela opened the doors to the ‘Life<br />

is Precious Yoga Studio’ in <strong>Thunder</strong> <strong>Bay</strong>. She wants to teach<br />

people the roots of yoga as she feels many people only<br />

practice for physical exercise. Hatha yoga is a holistic path<br />

that includes postures, poses, breathing and meditation. “My<br />

whole focus is to bring the yoga philosophy to my students<br />

and to ensure they know why they do what they do in yoga<br />

classes. I want to provide an understanding of the poses.”<br />

At the studio, classical Hatha Yoga is practiced. It has many<br />

physical, psychological and energetic benefits. “Yoga helps<br />

create space for Prana (life energy) to move within the body.<br />

When you see people who are 80 and 90 years old and<br />

don’t seem to age, and are always on the move, you know<br />

they have built up a lot of prana.”<br />

Izabela explains that the human body develops clusters over<br />

time, composed of negative emotions, lack of<br />

self-esteem and negative life experiences. This prevents<br />

energy and breath from travelling to every cell in the body.<br />

Yoga helps clear blockages and prevents disease<br />

manifestation.<br />

“You should respect your body. If people understand how<br />

precious their body is, how precious life is, they would never<br />

engage in activities that harm their body.”<br />

LOVE WHAT YOU DO AND LET THE MONEY FLOW<br />

Izabela is convinced that the community is open to learn<br />

more about yoga and as a result, she experiences<br />

continued growth in the number of students coming to her<br />

classes. With full classes every day of the week, most people<br />

would consider the yoga studio to be a successful business<br />

venture. For Izabela, having a full studio makes her happy,<br />

yet she doesn’t use the word success in her business. “I don’t<br />

even think about business; I think about teaching yoga. I am<br />

a strong believer that if you do what you love, money will just<br />

flow.”<br />

Izabela has lived in Canada for the last ten years. A<br />

Masters Program brought her to <strong>Thunder</strong> <strong>Bay</strong> and she<br />

instantly fell in love with the community. “I like the fact that it is<br />

a small city and you can drive from one end to another in ten<br />

minutes as opposed to two hours.”<br />

If students could only take one thing from the Life is Precious<br />

Yoga Studio, Izabela explains she would want it to be selfawareness.<br />

The Life is Precious Yoga Studio is located in the Centre of<br />

Change in the old Hillcrest Highschool building and offers<br />

classes Monday-Friday and on Sundays. For a class schedule<br />

please visit www.lifeispreciousyoga.com<br />

Namaste.<br />

(In Sanskrit-the language of yoga- the word is namah + te<br />

which means “I bow to you” - my greetings, salutations to you.)<br />

Page 5


At BDC, our innovative solutions can help you invest in equipment.<br />

Our consulting and financing services work hand in hand to offer<br />

entrepreneurs made-to-measure solutions, which may include<br />

financing that matches investment needs or customized repayment<br />

periods that extend over an asset’s entire life. It’s just the flexibility<br />

you need to free up cash flow and grow your business on your<br />

own terms.<br />

www.bdc.ca/equipment<br />

expand your premises?<br />

Are yOu reADy tO INVEST IN EQUIPMENT?<br />

<strong>Thunder</strong> <strong>Bay</strong> Business Centre<br />

102–1136 Alloy Drive, thunder <strong>Bay</strong>, Ontario P7B 6M9<br />

807 346-1795<br />

enTer neW marKeTs?<br />

buy a business?


BDC: ENTREPRENEURS FIRST<br />

SERVING ENTREPRENEURS IN THUNDER BAY FOR OVER 50 YEARS<br />

BDC <strong>Thunder</strong> <strong>Bay</strong>’s Business Centre is celebrating its 52nd<br />

anniversary this year. We are proud to have been a part of<br />

<strong>Thunder</strong> <strong>Bay</strong>’s growth for more than half a century.<br />

Much has changed since the Industrial Development Bank<br />

— as the Business Development Bank of Canada (BDC) was<br />

known back then — first opened a branch in <strong>Thunder</strong> <strong>Bay</strong> in<br />

1961. But our commitment to the community and<br />

entrepreneurs success has remained strong.<br />

BDC is the only bank dedicated exclusively to entrepreneurs<br />

and we serve 28,000 of them across Canada. We help<br />

build resilient, profitable companies by offering financing and<br />

consulting services that are tailored to the needs of each<br />

business.<br />

Financing<br />

• In terms of financing, companies can look to BDC for a<br />

variety of solutions, from extra money to protect cashflow<br />

while implementing new projects, to financing real-estate<br />

acquisitions, equipment purchases and market expansion<br />

at home or abroad.<br />

• Our financing complements that available from<br />

• private-sector financial institutions.<br />

Consulting<br />

• Entrepreneurs need more than financing. They also need<br />

advice they can count on at a price they can afford.<br />

That’s where BDC Consulting can help.<br />

• BDC’s business experts advise entrepreneurs on<br />

overcoming key challenges including in such areas<br />

as market development, strategic planning, transition<br />

planning, financial management, operational efficiency<br />

and innovation.<br />

Accelerate your company’s success with technology<br />

• Study after study has shown that investing in technology<br />

can boost a business’ sales, productivity and profits.<br />

That’s why BDC has launched a series of consulting<br />

solutions and set aside $200 million for loans to help<br />

entrepreneurs gear up with technology.<br />

Aboriginal Banking<br />

BDC’s Aboriginal Banking offers customized, long-term and<br />

flexible solutions specially designed for Aboriginal<br />

entrepreneurs. Under the Growth Capital for Aboriginal<br />

Business program, Aboriginal entrepreneurs can obtain<br />

financing to a maximum amount of $25,000 for start-ups<br />

and up to $100,000 for existing businesses. If your business<br />

requires additional funds, BDC offers other financing options.<br />

Our team in <strong>Thunder</strong> <strong>Bay</strong> is dedicated to accelerating<br />

entrepreneurs’ success.<br />

• John Guarasci – Business Centre Manager, Northern<br />

Ontario (<strong>Thunder</strong> <strong>Bay</strong> & Sault Ste. Marie)<br />

• Erin Laine – Account Manager<br />

• Madora Moshonsky – Account Manager<br />

• Lori Desimone – Senior Client Relationship Officer<br />

We’re proud of the long-term relationships we have fostered<br />

over the years in this community, working side-by-side with so<br />

many great entrepreneurs to build strong businesses. Thank<br />

you for trusting us.<br />

Don’t hesitate to contact us if you think we can help:<br />

1136 Alloy Drive Suite 102<br />

<strong>Thunder</strong> <strong>Bay</strong>, Ontario P7B 6M9<br />

Phone: 807 346-1795; Fax: 807 346-1790<br />

www.bdc.ca<br />

Page 7


The City of <strong>Thunder</strong> <strong>Bay</strong>, together with Fort William First Nation<br />

(FWFN) and the <strong>Thunder</strong> <strong>Bay</strong> Community <strong>Economic</strong><br />

Development Commission (CEDC) has initiated a Mining<br />

Readiness Strategy to address and strategically plan for<br />

growth in <strong>Thunder</strong> <strong>Bay</strong> and the Northwestern Ontario Region.<br />

The Strategy is a major step forward to help guide all of<br />

Northwestern Ontario in capitalizing on the many<br />

opportunities that mining development is expected to bring<br />

to the Region.<br />

The Strategy has been developed to assess and present<br />

recommendations on the following:<br />

• <strong>Economic</strong> impact of mining development;<br />

• Mining supply chain;<br />

• Energy infrastructure;<br />

• Transportation infrastructure;<br />

• Municipal infrastructure;<br />

• Available labour;<br />

• Education and training;<br />

• Project development;<br />

• Finance strategies<br />

The Draft Final Report was posted, on April 5, on the CEDC<br />

website at www.thunderbay.ca/miningreadiness, in order to<br />

allow for public input. Input is an important step to ensuring<br />

the relevance and applicability of the Strategy. Public<br />

Information Sessions were held on April 9 and 15. The<br />

purpose of these information sessions was to present and<br />

discuss key project findings and recommendations of the<br />

Strategy, and obtain public input and feedback.<br />

Page 8<br />

MINING READINESS STRATEGY UPDATE<br />

The Final Report will be released at the Northwestern Ontario<br />

Municipal Association (NOMA) Annual Meeting &<br />

Conference on Thursday, April 25, 2013 at the Victoria Inn at<br />

1:55pm.<br />

The Report will also be available on the CEDC website at<br />

www.thunderbay.ca/miningreadiness<br />

From left to right<br />

Stephen Lindley, Project Manager – SNC Lavalin<br />

Tim Commisso, City Manager – City of <strong>Thunder</strong> <strong>Bay</strong><br />

Chief Peter Collins, Fort William First Nation<br />

Mayor Keith Hobbs – City of <strong>Thunder</strong> <strong>Bay</strong><br />

John Mason, Project Lead - CEDC


ECONOMIC INDICATORS<br />

MONTHLY BUILDING REPORTS<br />

March 2013 YTD<br />

Permits Units $ Value Permits Units $ Value<br />

Apt Blocks 0 0 0 2 0 2,600,000<br />

Duplex Dwellings 0 0 0 5 5 790,000<br />

Single Dwellings 9 9 2,398,050 18 18 4,217,050<br />

Res. Add. & Alts 60 0 362,000 155 3 1,710,900<br />

Shed & Garage 5 0 75,000 10 0 153,000<br />

Commercial 2 0 261,000 6 0 5,172,000<br />

Comm. Add & Alts 11 3 3,041,000 36 3 5,660,500<br />

Industrial 0 0 0 5 0 239,000<br />

Ind. Add & Alts 1 0 10,000 7 0 492,000<br />

Institutional 0 0 0 0 0 0<br />

Inst. Add & Alts 3 0 875,000 10 0 2,545,000<br />

Totals 91 12 7,022,050 254 29 23,579,450<br />

Source: City of <strong>Thunder</strong> <strong>Bay</strong> ‐ Development Department, Building Division<br />

LABOUR FORCE CHARACTERISTICS, SEASONALLY ADJUSTED, THUNDER BAY (CMA) (3 month roaming average)<br />

Feb 2013 Mar 2012 to Mar 2013<br />

Thousands<br />

Change<br />

(Thousands)<br />

% Change<br />

Population 103.1 103.1 0 0.6 0 1<br />

Labour Force 64.2 65.2 1 ‐1.1 1.6 ‐2<br />

Employment 60.4 61.1 1 ‐1.8 1.2 ‐3<br />

Unemployment 3.8 4.1 0 0.6 7.9 17<br />

Unemployment Rate (%) 5.9 6.3 0 1 ‐‐ ‐‐<br />

Participation Rate (%) 62.3 63.2 1 ‐1.5 ‐‐ ‐‐<br />

Employment Rate (%)<br />

Note: Population 15 and over<br />

58.6 59.3 1 ‐2.1 ‐‐ ‐‐<br />

Source: Statistics Canada ‐ Labour Force Information<br />

THUNDER BAY ‐ CONSUMER PRICE INDEX & SELECTED SUBGROUPS (By Urban Centre, 2002=100)<br />

Indexes<br />

% Change from<br />

Feb 2012 Jan 2013 Feb 2013<br />

Jan 2013<br />

to Feb 2013<br />

Feb 2012<br />

to Feb 2013<br />

All‐Items 117.3 116.8 118.4 1.4 0.9<br />

Shelter 108.6 109.2 109.4 0.2 0.7<br />

Rented accommodation 106.4 108.1 109 0.7 2.3<br />

Owned accomodation 102.9 102.6 103 0 ‐0.3<br />

Water, Fuel, Electricity 142 143.8 144 0.4 1.7<br />

All‐items (1992=100)<br />

Source: Consumer Price Index<br />

139.9 139.3 141 1.4 0.9<br />

Page 9

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