Summerside Prospecting Overview€¦ · costs, increase profits and find ways to access more markets, a compelling business case for expanding in Summerside becomes even more apparent

If the company has not indicated a desire to expand in North America we don’t want to talk to them.

If the company has indicated a desire, what specifically have they said and what motivates them

We are seeking Business Expansion Opportunities and want to start some conversations.

Summerside PEIFor business, there’s no place quite like it!

Our Matchmaking Goals


Pathways to Investment

After determining the client/company has a genuine interest in both expansions within the next 18‐24 months and have shown a high level of understanding, ambition and some work towards exploring understanding the market, this is when we should talk. As part of company brief, need an understanding of where we can actually assist in their plans.

Aside from a company actually already in the exploratory stages of undertaking due diligence on a direct investment, for those whom have looked at the options, there are some pathways to investment

Start Up Visa Program

Start Up VISA Program ‐ http://www.cic.gc.ca/english/immigrate/business/start‐up/

The Canadian Federal Government has implemented a Start‐Up VISA program to attract the best immigrant entrepreneurs to Canada

LaunchPad PEI is a designated incubator for the program through the Canadian Federal Government ‐ Citizenship and Immigration Canada (CIC) and the Canadian Association of Business Incubation (CABI)

Entrepreneurs sponsored by one of these designated entities is put on a track to Canadian citizenship.

Living Lab ‐ http://www.bigpossibilities.ca/living‐labThe Lab brings together partners with a shared vision that will produce results for those who wish to build business models for advanced deployment in earlier stages of product life. With its unique and empowering infrastructure, Summerside is a test bed for firms looking to develop real market solutions, validation, and full‐scale deployment of products and services.

It is a great tool for International Companies interested in getting some on the ground experience in North America in a smallerbut as sophisticated environment to grow their customer base, build North American credibility and work with a municipality in shared goals and collaboration.

We know as more companies review and forecast their business strategies and growth plans looking to improve efficiencies, reduce costs, increase profits and find ways to access more markets, a compelling business case for expanding in Summerside becomes even more apparent.

Summerside offers: 1. A Business Location where companies make more money2. An ease of doing business and access to key turn-key infrastructure 3. Commitment to long term success and partners committed to your success


For business, it’s time to think differently about being small!

Summerside and Prince Edward Island has business costs more than 14 percent below the US baseline. For international firms, the Canadian dollar further enhances the low labor and facility costs which make Atlantic Canada and PEI the lowest cost region within Canada

5

Operating Cost Environment

Locating in Summerside allows firms to run leaner operations compared to the well‐known industry locations such as Boston and Montreal. From a talent perspective, Summerside provides highly skilled workers with a much lower cost of living compared to most other locations in North America.

The KPMG Competitive Alternatives report in 2016 revealed the operating cost advantages of locating in Prince Edward Island (PEI). The report modelled operating costs for operations in over 200 jurisdictions around the world. For all of them, PEI came out as one of the most competitive locations.

Population: 14,750Trade Area Population: 44,000PEI Population: 148,105Labour Draw: 81,000 with over 75% of the

Island’s Labour (81,000) Force is within a 1 hours drive

Languages: English and FrenchEducation: 70% of Population has Post

Secondary Education

Summerside owns it own Electric Utility - Provides between 50%—100% of energy needs through Renewables

A Little Background on SummersideOne of Canada’s Most Pro-Business Cities


KPMG ranks PEI 4th in overall results in Canada for business costs

Our Value for Business


PEI Ranks 4th among the 17 featured Canadian cities PEI ranks 6th among all 111 featured cities Operational Costs are among the lowest in Canada’s 17

featured cities PEI Ranks 4th in Atlantic Canada/New England for overall

business costs

So what does this mean to your bottom line …

https://www.competitivealternatives.com


Just the Facts10-Year Average Annual Cost Model

Based on the results of a KPMG study of the following industry types including Manufacturing, Aerospace, Financial Services, System Development and Testing … a company with $40,000,000 in annual sales could realize annual savings in operating costs of $750,00 when compared with the overall Canadian average.

If your operation is in the R&D field that savings could potentially be as high as 3.6% of sales.

Occupancy costs can also be lowered when operating from a PEI location. The KPMG study saving from the national average on facility leases is almost 42% while property taxes pace 15% behind that same average.

In a financial services operation that can translate into a 2% of sales reduction in facility costs.

Aerospace firms on PEI enjoy a significant advantage through the current rebate of provincial corporate income taxes. The results of this program is evidenced by the fact that net profit reported, adjusted for the provincial tax rebate, ran almost 110% higher for PEI firms than that of the national average.

Summerside understands the challenges companies face when looking to grow and expand.

Our municipality is both business and employee focused and believe we have the right cost environment, access to markets and business partners to help ease the challenges of growth.

We want to compete for your next business expansion project and believe that we can help your business grow.


In Summerside we embrace Collaboration

And think what your employees can do with Average House Prices in the range of $175,000

In Summerside you can have both!

The Balance of Productivity and Life Style Where we believe your business efficiencies can rise and your dollars go further!

A Story on Perspective

Global PartnershipsInternational Utility Scale Demonstration Project

• Generating through solar and storing energy through batteries• Saving the municipality $100,000• Developing an export market for renewable energy systems

Summerside Renewable Innovation


HueGO Electric – China Gold Fortune International Group is a diversified, cross-industry international enterprise with its headquarter in Beijing and branches in Tianjin, Hong Kong and central Asian countries. Primarily engaged in infrastructure project contracting.

Samsung Renewable — Samsung Renewable Energy Inc. has partnered with the City of Summerside on a renewable energy demonstration project, with ambitions for export market product development.

The PEI Case StudyA story of multi-location enterprise


Your In Good Company


SAMSUNG RENEWABLE ENERGYAn Airbus Company

Our Programs Include: Labour Rebate Program Rental Incentive Programs Advanced Marine Technology Tax Rebate Aerospace and Defence Tax Rebate Business Development Program Atlantic Innovation Fund Electrical and Tax Incentives Development and Commercialization Funding Plus lots more customized support

Our Promise:

Cost certainty in the short and long term


We Are Not Going to Let you Go It Alone

Airbus/Vector — A Global Aerospace Engine Repair and Overhaul Facility started with 30 employees has grow to over 475 in less than 12 Years.

IO Solutions — A Business Process Outsourcer headquarteredin Prince Edward Island, specializing in business process solutions. Needed a new facility to support expansion for 100 staff and within less than a year.

Radnet Inc. — The largest owner and operator of freestanding outpatient medical diagnostic imaging centres in the United States. Summerside is home to their global software development and implementation shop.

The PEI Case StudyA story of multi-location enterprise



Next Steps:

You

Us

We

Here’s all you have to do

• Summary of Work – 2 pages• Highlights Scale and Scope

• Funding Proposal Response• Letter of Intention

• Business Plan• Letters of Offer

Documents

Summerside Prospecting Overview€¦ · costs, increase profits and find ways to access more markets, a compelling business case for expanding in Summerside becomes even more apparent