Annual Report 2010 - Christchurch City Council
Annual Report 2010 - Christchurch City Council
Annual Report 2010 - Christchurch City Council
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p68. <strong>Annual</strong> <strong>Report</strong><br />
<strong>Christchurch</strong> Otautahi<br />
<strong>2010</strong><br />
<strong>Council</strong> activities and<br />
services<br />
Economic development<br />
<strong>Council</strong> activities and services<br />
Economic development<br />
How did we measure up?<br />
Activity Level of service Actual Target<br />
Regional economic<br />
development, business<br />
support, and workforce<br />
development<br />
<strong>Council</strong> develops a framework<br />
for its involvement in economic<br />
development<br />
This work is dependent on the<br />
CEDS. This was not completed<br />
according to scheduled timeline.<br />
Level of service completion date<br />
re-set to 30 June 2011<br />
A strategic framework for<br />
<strong>Council</strong>’s involvement in<br />
economic planning and<br />
development is completed.<br />
(February <strong>2010</strong>)<br />
CDC provides economic<br />
development leadership for<br />
<strong>Christchurch</strong><br />
CEDS strategy approved by CDC<br />
Board<br />
Refresh of the CREDS by 31 August<br />
2009 unless agreed otherwise by<br />
CDC’s board<br />
Criteria have been developed as<br />
part of CEDS project<br />
<strong>Christchurch</strong> Economic<br />
Development Strategy (CEDS)<br />
developed by 31 December 2009<br />
unless agreed otherwise by CDC’s<br />
Board<br />
CDC develops centres of expertise<br />
in economic research, workforce,<br />
and investment<br />
Economic models were trialled<br />
by end of September and were<br />
completed and in use by end<br />
November 2009<br />
<strong>Christchurch</strong>/Canterbury<br />
economic model, capable of<br />
undertaking economic impact<br />
assessments, developed by 30<br />
September 2009 unless agreed<br />
otherwise by CDC’s board<br />
<strong>Report</strong> completed prior to 31<br />
October 2009<br />
CDC publishes the Canterbury<br />
Economy <strong>Report</strong> quarterly on its<br />
website. This includes indicators<br />
such as: GDP, employment by<br />
sector, the number of building<br />
consents and value of building<br />
work, employment and<br />
unemployment rates, labour<br />
force participation rate, size of<br />
the working population, ease<br />
of finding labour, profitability<br />
of firms - over the last three<br />
months and projected for the<br />
next three month, earnings,<br />
retail expenditure, migration and<br />
median real estate price<br />
Key economic indicators for<br />
<strong>Christchurch</strong> and Canterbury are<br />
developed by 31 October 2009<br />
unless agreed otherwise by CDC’s<br />
Board<br />
Indicators are tracked and<br />
published monthly in an<br />
Economic Snapshot available<br />
online on CDCs knowledge centre<br />
page<br />
Key economic indicators for<br />
<strong>Christchurch</strong> and Canterbury<br />
published quarterly<br />
Power House Ventures now<br />
has the contract to manage<br />
the Canterbury Economic<br />
Development Fund (CEDF)<br />
fund. Over one hundred eligible<br />
companies have been put in front<br />
of CEDF<br />
10 high-growth-potential<br />
businesses and projects that meet<br />
investment objectives of CEDF are<br />
identified each year unless agreed<br />
otherwise by CDC’s Board
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