Sooke Region Chamber of Commerce Update to Council

The Sooke Region Chamber of Commerce provided an overview of their funding model, activity-based costing, staff and ongoing activities during the update to the council. Exploring economic development initiatives and important outcomes.

• Sooke Region
• Chamber of Commerce
• Economic Development
• Activity-Based Costing
• Council Update

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1. Sooke Region Chamber of Commerce Update to Council October 26th, 2015

2. Funding Model $78,000 in annual revenue $22,000 Membership Dues (28%) $28,000 Member Services, Events (36%) $28,000 Fee for Service Agreement (36%)

3. Activity-Based Costing (Expenses) Member-Only Events $4,000 (6%) Business Mixers Community Events $26,500 (34%) Business Excellence Awards Gala All-Candidates Meeting Santa Claus Parade Golf Tournament Newcomers Club

4. Activity-Based Costing (Expenses) Economic Development $36,500 (48%) Resident Relocation Business Assistance Workforce Development Economic Development Symposium Strategic Planning/Policy Development Other (Better Buy Sooke) General Administration (12%)

5. Our People 68th year 165 Member businesses 12 Volunteer Directors 100 -150 hours per month 250 years of business experience Working for Sooke 1 Office Manager Paid full-time position

6. Continuing Education Sooke Region Learning Collaborative Royal Roads University Sooke Region Chamber of Commerce The Sooke & Port Renfrew Libraries EMCS Society SD #62 SEAPARC Leisure Complex

7. Economic Development Initiative 5 Stages: 1st: symposium (Sep. 2015) 2nd: develop action plan (Nov. 2015) 3rd: public/stakeholder engagement (Jan. 2016) 4th: implement action plan (2016) 5th: follow-up/check-in (2016)

8. Economic Development Initiative Important Outcomes Create a West Coast experience Hire an Economic Development Officer (EDO) Work from the OCP for today and tomorrow Build from the Core Lobby to open a Customs Office Create community Buy-in Create an accessible Sooke CAO hiring and required skill sets

9. Ongoing Activities Better Buy Sooke Resident Relocation Programme Newcomers Club Business Assistance Chamber Communications Business Examiner Victoria, Chamber Chatter, 1000+ followers on Twitter, 300+ on Facebook, Radio programmes

10. Next Steps Continue to develop our Partnership Closer coordination between the Chamber and the District Hold regular discussions on economic development opportunities Develop common priority projects Collaborate