Business Information Guide - Channel

Transcription

Town of Channel-Port aux Basques
Business Information
Guide
Gateway to the Newfoundland Market, Doorstep to the World
2011
Business Information Guide
Table of Contents
Introduction .................................................................................................................................................... 3
Channel-Port aux Basques .............................................................................................................................. 3
Location .......................................................................................................................................................... 4
Demographics ................................................................................................................................................. 5
Education ........................................................................................................................................................ 5
Labour Market ................................................................................................................................................ 7
Infrastructure .................................................................................................................................................. 8
Electricity ....................................................................................................................................................... 8
Communications ............................................................................................................................................. 9
Transportation Services .................................................................................................................................. 9
Bus /Courier ............................................................................................................................................... 9
Trucking/Shipping/Freight ........................................................................................................................10
Travel ............................................................................................................................................................10
Bus & Ground Travel ................................................................................................................................10
Air Travel ..................................................................................................................................................10
Sea Travel ..................................................................................................................................................10
Taxation Rates ...............................................................................................................................................11
Municipal Tax ...........................................................................................................................................11
Tax Credits ....................................................................................................................................................11
Direct Equity Tax Credit ...........................................................................................................................11
Manufacturing and Processing Profits Tax Credit .....................................................................................12
Small Business Tax Credit ........................................................................................................................12
Scientific Research and Experimental Development Tax Credit ...............................................................12
Film and Video Tax Credit ........................................................................................................................12
Labour-Sponsored Venture Capital Tax Credit .........................................................................................13
Primary Government Incentive Programs .....................................................................................................13
Economic Diversification and Growth Enterprises Program (EDGE) ......................................................13
Labour Market Development Agreement ..................................................................................................14
Provincial Wage Subsidy Program ............................................................................................................15
Channel-Port Aux Basques Business Development Fund .........................................................................15
Business Development Program ................................................................................................................15
Department of Innovation, Trade, and Rural Development ..........................................................................17
Small and Medium Enterprise Fund ..........................................................................................................17
Business and Market Development Program.............................................................................................18
Financial Services ..........................................................................................................................................19
Business Support Services .............................................................................................................................19
Proven Location & Prior Success Story – Marine Atlantic Inc. ....................................................................20
Additional Community Information ..............................................................................................................21
Recreation, Sports & Leisure .....................................................................................................................21
Education ...................................................................................................................................................21
Cost of Living ............................................................................................................................................22
Health Care ................................................................................................................................................22
Environment ..............................................................................................................................................23
Appendix A ...................................................................................................................................................24
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Introduction
This document is confidential and private and intended for the sole use by the Town of
Channel-Port aux Basques and approved partners. It is designed to provide detailed
information on the community, its current business infrastructure and resources, and the
existing Business Development Incentives that are available. This information should
prove invaluable to any enterprise in evaluating future business opportunities and the true
practicality and effectiveness of utilizing Channel-Port aux Basques as a major service
center.
Channel-Port aux Basques
Channel-Port aux Basques is the largest community on Newfoundland’s Southwest Coast
(2006 Census population 4,319) and is considered the hub of the entire region which has
a population of approximately 9,120. The smaller outlying communities (Codroy Valley,
Cape Ray, Margaree, Isle aux Morts, Burnt Islands, Rose Blanche, LaPoile & Grand
Bruit) use Channel-Port aux Basques for its commercial, retail, professional, recreational,
and other related services. Channel-Port aux Basques offers the amenities of any modern
region, while providing a pleasant quality of life. As the main "Gateway to
Newfoundland," Channel-Port
aux Basques provides an
essential ferry service to
Newfoundland and mainland
Canada. In addition to the region
being a prime business location,
it is also a place to build a
healthier lifestyle, with a
pristine environment, clean air
and water, available housing and
land at favorable prices and
friendly people.
Channel-Port aux Basques and the surrounding region can easily provide an effective,
enthusiastic and educated workforce. With a high school graduation rate of 91.8%, 10%
above the provincial average of 82%, the Southwest Coast places third in graduation rates
among the 20 economic zones in the province. This strong commitment to education is
often continued at the local post-secondary institution, The College of the North Atlantic.
The college offers a wide range of business, technical and industrial related courses.
There is also an opportunity to provide training to businesses in the area, either through a
provincial program or through a customized program that is tailor made for a specific
company. Consequently, an educated and trained workforce is readily available for
instant benefit to the business industry (see Appendix “A”).
Channel-Port aux Basques and the surrounding region can also boast the existence of a
stable workforce. Residents have a strong connection to their home and place great value
on family and quality of life. The workforce is skilled in a variety of areas including
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primary processing, manufacturing, construction, welding, fabrication, mechanical,
secretarial services and information technology. Also, employers can draw upon skilled
Newfoundlanders who have moved away. Such people pay close attention to new
developments in the province and are more than willing to return to Newfoundland for
employment.
Wage rates in the area are favorable since the minimum wage rate is $10.00 per hour
(CDN), while an average wage for skilled trade workers is approximately $14.00 per
hour, with experienced supervisors and administrators costing approximately $18.00 per
hour. Thus, investors can rely on an affordable, stable, and dedicated workforce that will
be committed and productive. This cost saving measure is a prime example of one of the
advantages businesses realize in Channel-Port aux Basques.
Location
The community of Channel-Port aux Basques is located on the Southwest Coast of
Newfoundland and Labrador, Canada. The community is the Gateway to the island of
Newfoundland when arriving by vehicle. A ferry link provided by Marine Atlantic is the
only year-round vehicle link to the
island, which annually experiences
approximately 400,000
passengers, 130,000 passenger
vehicles and 88,000 commercial
vehicles. The strategic location of
Channel-Port aux Basques provides
enormous opportunity for any
company within the service, import
and export business.
If your markets are across the
Atlantic Ocean, Newfoundland and
Labrador is 1,000 km closer to
Europe than any other part of North
America; saving time and money
on your transatlantic exports. If
your business depends on sea cargo
to meet the demands of European
or NAFTA markets, then Port aux
Basques is your best strategic location. In Port aux Basques, you'll find major worldwide
connections: access to major ocean shipping companies and ice free ports, direct access
to the Trans Canada Highway and a modern ferry system with mainland connections.
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Demographics
With an experienced workforce, Channel-Port aux Basques can offer both skills and
youth with a wide ranging population age for any business. Below are the population
statistics for Channel-Port aux Basques by age group.
Age Characteristics
Male
Female
Total
0-9 Years
10-14 Years
15-29 Years
30-44 Years
44-59 Years
60-64 Years
65+ Years
195
115
280
405
595
130
295
180
105
320
455
570
190
455
385
225
610
855
1170
320
755
Average Age
45.3
46.7
46.1
Source: Statistics Canada Census 2006
Education
Education has always been a strength of Port aux Basques with a high school graduation
rate of 91.8%, 10% above the provincial average of 82%, placing third in graduation
rates among the 20 economic zones in the province. Listed below is the population by
post secondary education currently residing in Channel-Port aux Basques. In addition to
these statistics are expatriates with various educational backgrounds willing to return to
the community providing employment is available. Recently, the community has
witnessed multiple former residents returning to fill vacant positions. Having a hardened
connection to the town, skilled labour and professional management positions are
routinely filled immediately with expatriates.
Educational Attainment
High school certificate or equivalent
Apprenticeship or trades certificate or diploma
College or other non-university certificate or diploma
University certificate or diploma below the bachelor level
University certificate, diploma or degree
No certificate, diploma or degree
Males
250
280
210
35
115
820
Females
370
180
320
45
75
945
Total
620
460
535
80
190
1,755
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Major Field of Study
Education
Visual & Performing Arts, Communication Technologies
Humanities
Social & Behavioural Sciences, Law
Business, Management, Public Administration
Physical & Life Sciences, Technologies
Mathematics, Computer & Information Sciences
Architecture, Engineering, Related Technologies
Agriculture, Natural Resources, Conservation
Health, Parks, Recreation, Fitness
Personal, Protective, Transportation Services
No Postsecondary Certificate, Diploma or Degree
Males
40
0
15
20
315
0
25
400
0
25
90
1,710
Females
35
10
20
30
20
10
10
15
0
100
95
1,935
Total
75
10
30
50
335
10
35
415
0
125
185
2,375
While some specific skill sets may not be readily available in the labour market, the local
College of the North Atlantic has a great rapport with the Town administration, often
accommodating labour needs through specialize training. The college also works closely
with the business community in providing training and skills that are in demand locally.
With this training facility, the community can meet virtually any labour requirement.
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Labour Market
Channel-Port aux Basques has a varied industry economy that employs a cross-section of
the local population. The statistics below illustrate the total workforce in various
industries, with additional information on specific occupations of citizens.
Labour Force by Industry
Agriculture & other resource-based industries
Construction
Manufacturing
Wholesale trade
Retail Trade
Finance & Real Estate
Health care & social services
Educational services
Business Services
Other Services
Male
75
110
55
50
115
20
25
40
375
160
Female
15
0
45
10
155
50
155
35
100
270
Total
90
110
105
65
265
70
180
70
475
430
Labour Force by Occupation
Management occupations
Business, finance & administration occupations
Natural, applied sciences & related occupations
Health occupations
Occupations in social science, education, government service & religion
Occupations in art, culture, recreation & sport
Sales and service occupations
Trades, transport, equipment operators & related occupations
Occupations unique to primary industry
Occupations unique to processing, manufacturing & utilities
Male Female Total
80
55
130
55
140
195
90
30
125
20
60
85
45
50
90
10
10
10
205
445
650
420
20
440
45
10
50
45
40
85
With varied industries within the community and multiple occupations of the residents,
sill sets are varied and readily transferable to additional industry sectors. The town has
previously worked with local companies in their quest for specific labour skills with great
success. Coupled with a local college training facility and expatriates willing to return to
the community, any industry sector can attain the necessary labour requirements to
succeed and prosper.
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Infrastructure
The infrastructure of Channel-Port aux Basques is centered on services, transportation
and technology, with adaptations for additional industries well established. The
community is home to one of the largest ice free harbours in Newfoundland and Labrador
making the town strategically located for shipment and transportation. Our location at
the mouth of the St. Lawrence Seaway, close proximity to both the Eastern Seaboard of
North America and European markets is the community’s forte. The community prides
itself in location and ease in utilizing the harbor.
The community has ample unused and underutilized infrastructure to meet the needs of
any company. Currently the town has approximately 20 available buildings of various
capacities to meet most business needs. In addition to this infrastructure, there is both
serviced and unserviced land available. Due to a large geography in relation to the
population of the area, a large amount of land is available for any business need.
Electricity
The Southwest Coast of Newfoundland has one electricity supply company,
Newfoundland Power, with the electrical rates listed below.
Utility Company
Newfoundland Power
Domestic Rate
$15.57/month base rate
9.339 cents/kWh
Business Rate
Single Phase (<10kWh)
11.098 cents/kWh
Business Rate
Three Phase (<10kWh)
11.098 cents/kWh
Source: Newfoundland Power Jan. 2010
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Communications
Port aux Basques is home to some of the most advanced communications systems in
Newfoundland and Labrador. The community is linked to fibre optic cable, making Ecommerce and technologically advanced businesses possible. There are two
communication providers within the community, Bell Aliant and Rogers. Below are the
service offerings for the community and contact information.
Company
Service Offered
Bell Aliant
Business telephone service
High speed /Dial-up Internet
service
Digital cellular service
Satellite television service
Business telephone service
Rogers
Contact Information
1-800-563-5400
(P) 709-695-9514
Transportation Services
Being one of the major transportation hubs of Newfoundland and Labrador, services in
this industry are well developed. Approximately 90% of perishable goods imported to
Newfoundland are shipped through Port aux Basques. This is in addition to other goods
and materials coming to the island. With such high volumes of traffic, Port aux Basques
has one trucking company located within the community, with several other operating
from the town on a daily basis. There are also couriers in the area that provide services to
regional, provincial and national destinations. Furthermore, UPS, Puralator and Fed-Ex
service this area, with additional local couriers available. Below is a list of the
transportation services that operate within the community.
Bus /Courier
Head Office
Shipping Route
Gateway Bus Lines
Company
Shuttle & Bussing
Service
Port aux Basques
DRL Coachlines
Bussing & Courier
St. John’s
Gateway Courier
Courier
Port aux Basques
Port aux Basques Stephenville – Corner
Brook
Port aux Basques – St.
John’s
Port aux Basques –
Stephenville – Corner
Brook
Contact
(P) 709-695-9700
(F) 709-695-5669
(P) 1-888-263-1852
(P) 709-695-3333
(P) 709-695-9700
(F) 709-695-5669
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Trucking/Shipping/Freight
Company
Service
Head Office
Shipping Route
Contact
C & C Enterprises
Trucking
Port aux Basques
Newfoundland
Doyle’s Transport
Trucking
Port aux Basques
Newfoundland
Nate’s Trucking
Trucking
Port aux Basques
Regional
(P) 709-695-3313
(F) 709-695-3622
(P) 709-695-2738
(F) 709-695-7006
(P) 709-695-3702
Terry’s Trucking
Trucking
Port aux Basques
Regional
Woodward Group
Shipping
St. John’s
Marine Atlantic
Shipping
St. John’s
Tugboat Service
Tugboat Service
Port aux Basques
Rose Blanche –
LaPolie – Grand Bruit
Port aux Basques, NL.
– North Sydney, NS. –
Argentia, NL.
Port aux Basques
(P/F) 709-695-5696
(C) 709-695-8023
(P) 709-292-4302
(P) 709-695-4200
(F) 709-695-2757
(P) 709-695-3003
Travel
There are various modes of transportation available to reach Port aux Basques. Listed
below are local and regional services available for travel to and from the community.
Bus & Ground Travel
Company
DRL Coachlines
Gateway Bus Lines
Gateway Taxi
Route
Rates (Adult)
Contact
St. John’s – Port aux
Basques
Corner Brook –
Stephenville – Port aux
Basques
Regional
$107
1-888-263-1852
$33
(P) 709-695-3333
(P) 709-695-9700
(F) 709-695-9850
(P) 709-695-3333
Destination Dependant
Air Travel
Airport
Location
Airlines
Distance
Contact
Deer Lake Regional
Airport
Deer Lake, NL.
3 Hours
(P) 709-6353601
Stephenville
International Airport
Stephenville, NL.
Air Canada, Provincial
Airlines, Sunwing,
Westjet
Provincial Airlines,
Sunwing, Flair Air
1.5 Hours
(P) 709-6438444
Sea Travel
Company
Route
Rates (Adult)
Contact
Marine Atlantic
North Sydney, NS. –
Port aux Basques, NL.
Passenger: $28.75
Vehicle: $81.50
(P) 1-800-341-7981
(P) 709-695-4200
(F) 709-695-2757
*additional charges for extra
passengers, taxes and fuel
surcharge
*Please note that rates are based on adult fares and are subject to change. Please contact each service provider for current rates.*
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Taxation Rates
Newfoundland and Labrador has some of the most competitive tax rates in the country.
The tax schedules listed below are aimed to make the province attractive to businesses,
while allowing local companies cost savings to gain an advantage on competitors. The
tax rates are as follows:
Corporate Income Tax Rates Tax Percentage
General
Manufacturing & Processing
Small Business
Payroll tax
Financial Corporation tax
Insurance Corporation tax
Mining tax
Mineral Rights tax
Utility Corporation tax
Television Corporation tax
13%
5%
5%
2%
4%
4%
15%
20%
2.5%
0%
The Harmonized Sales Tax for Newfoundland and Labrador is 13%, which is comprised
of the Provincial Sales Tax (PST) and the Canadian Goods and Services Tax (GST).
Municipal Tax
Port aux Basques offers a very attractive business tax for any company wishing to operate
within Newfoundland and Labrador. Below are the current taxation rates.
Channel-Port aux Basques
Personal Tax: 9.5 mils per
year, minimum of $225 on
every owner of real
property within town
Business Tax: range from
13 mils per year to 100 mils
per year, depending on the
type of business
Sewer Tax: Varies
depending on the property.
Personal sewer tax is $2.50
per month, $30 per year.
The sewer tax for business
depends on the business
Water Tax: Residential:
$24/month. CommercialIndustrial: $22.50/month
per unit. Hotels-Motels:
$7.75/month per room.
Tax Credits
Direct Equity Tax Credit
The Direct Equity Tax Credit Program (DETC) is designed to encourage private
investment in new or expanding small businesses as a means of creating new jobs and
diversifying the economy. An investment credit, in the form of a provincial income tax
credit, is available to individuals and arm's length corporations who invest as
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shareholders in eligible small business activities. There are two tax credit rates. Where
the qualifying activities are undertaken in the Province outside the North East Avalon, a
35% rate applies. Where the qualifying activities are undertaken within the North East
Avalon, a 20% rate applies. In cases where qualifying activities are undertaken in both
areas, a reasonable proration applies.
Manufacturing and Processing Profits Tax Credit
This credit applies to corporations that carry out manufacturing and processing from a
permanent establishment located in Newfoundland and Labrador. The credit allows a
deduction from Newfoundland CIT payable of 9% on Taxable Canadian Manufacturing
and Processing Profits. This results in an effective CIT rate of 5% for manufacturing and
processing profits. To obtain this credit, corporations should complete a Schedule 300
with their annual income tax return. The Manufacturing and Processing Credit is
provided under Section 41 of the Income Tax Act. This credit is administered by Canada
Revenue Agency.
Small Business Tax Credit
The general corporate income tax rate is 14%. However, small businesses are taxed at a
rate of 5% on the first $500,000 of active business income.
This credit is administered on behalf of the province by Canada Customs and Revenue
Agency and is provided under Section 40(3) of the Income Tax Act
Scientific Research and Experimental Development Tax
Credit
This is a refundable credit of 15% of eligible expenditures made with respect to scientific
research and experimental development activities carried out in this province. This credit
is provided under Section 42 of the Income Tax Act and is administered by Canada
Revenue Agency
Film and Video Tax Credit
This refundable provincial Corporate Income Tax credit is provided for eligible local film
projects at a rate of 40% of eligible local labour costs, but may not exceed 25% of
production costs. The 2005 provincial budget announced the replacement of two credit
caps ($1 million per eligible project or $2 million per corporation) with a single
corporation credit limit of $3 million. The corporation must also pay at least 25% of its
salaries and wages to residents of the province. The 2005 provincial budget also
announced the removal of the restriction that the production corporation, together with
any associated corporations, must have less than $25 million in assets.
The corporation must first apply for eligibility to the Newfoundland and Labrador Film
Development Corporation prior to the commencement of production. Once the project is
completed, and financial statements and cost reports finalized, the eligible corporation
may then apply for the tax credit. Upon approval from the Department of Finance, the
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eligible corporation is issued a tax credit certificate which must be attached to the T2
return.
Labour-Sponsored Venture Capital Tax Credit
The Labour-Sponsored Venture Capital Tax Credit Act and associated regulations
provide for the issuance of a 20% provincial tax credit for an individual who invests in a
labour-sponsored venture capital corporation (LSVCC) fund. The maximum annual
eligible investment per investor is $10,000.
Individual investors of an LSVCC fund will also be eligible for a matching 15% federal
income tax credit. The maximum eligible investment per investor per year is $5,000. An
official tax credit receipt must be submitted with the individual's T1 Income tax return.
Should an investor redeem shares prior to the minimum eight year holding period, the tax
credits are forfeited. Government does not guarantee any investment under the program.
An LSVCC fund is required to invest in emerging Canadian growth companies with less
than $50 million in assets and 500 employees and at least 75% of salaries and wages paid
to residents in the province. A minimum of 75% of the funds raised in Newfoundland and
Labrador have to be reinvested in this province within three years after the year in which
capital is raised.
The legislation contains penalties in order to ensure compliance and timely reinvestment
into eligible businesses. In addition, an LSVCC fund is required to set aside in a trust
fund an amount equal to the amount of provincial tax credits issued to eligible investors.
Should the registration of an LSVCC fund have to be revoked in the future, any money
then remaining in the trust fund is immediately payable to the Crown.
There is one fund registered to date under the provincial Labour-Sponsored Venture
Capital Tax Credit program.
Source: Government of Newfoundland and Labrador: Department of Business
Primary Government Incentive Programs
Economic Diversification and Growth Enterprises Program
(EDGE)
The Economic Diversification and Growth Enterprises Program (EDGE) is a Government
of Newfoundland & Labrador program that provides a package of incentives to
encourage significant new business investment in the province to help diversify our
economy and stimulate new private sector job creation, particularly in rural areas.
Eligible Companies
A new business or an existing business interested in expanding in the province may apply
for EDGE status if it meets the following criteria:
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




there is the potential to create and maintain 10 new permanent jobs in the
province;
it is prepared to make a minimum capital investment of $300,000 or generate
incremental annual sales of $500,000;
it would not establish or expand in the province in the absence of the EDGE
incentives;
the EDGE incentives will not give it a direct competitive advantage over other
existing businesses in the province; and
the new business activity will have a substantial net economic benefit to the
province.
EDGE Incentives
Companies approved for EDGE status shall be entitled to the following incentives and
benefits:
 a 100% rebate on provincial corporate income tax and the provincial health and
post-secondary education (payroll) tax for a period of 15 years if it is established
outside the Northeast Avalon area;
 a 50% rebate on federal corporate income tax for 15 years;
 a further five year period of partial rebates on the provincial and federal taxes
referenced above, declining by 20% in each year of this phase-out period;
 a 100% rebate on municipal property and/or municipal business taxes for 15
years, followed by a five year phase-out of such rebates, where individual
municipalities elect to participate in the EDGE Program (Channel-Channel-Port
aux Basques is a participant); and
 access to unserviced Crown land for $1.00 where such land is required to
implement the company’s business plan.
EDGE Facilitator
Government will appoint a facilitator to help an EDGE corporation obtain permits,
licenses and other government regulatory requirements to proceed with its business plan.
Labour Market Development Agreement
Under this agreement, the Government of Canada and the Government of Newfoundland
and Labrador work together to design and tailor Labour market employment programs to
meet the specific needs of communities, employers and the unemployed in
Newfoundland and Labrador to complement provincial programming in this domain.
The Agreement is co-managed to achieve effective integration between federal and
provincial employment development programs and to ensure appropriate linkages are
made to the Province's economic growth agenda (i.e., to ensure the particular programs
are relevant to emerging opportunities in the economy). The Labour Market Development
Agreement (LMDA) partners strive to help clients meet measurable and achievable
educational, employment and economic development goals.
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Program Activities
Three "active" employment programs have been developed in the Agreement that are
available in this zone are:
 Targeted Wage Subsidies
 Self-Employment Assistance
 Job Creation Partnerships
In this region, this program is administered by the local Service Canada office in
conjunction with a local committee whose mandate is to review all applications in a
timely fashion.
Provincial Wage Subsidy Program
The Province of Newfoundland and Labrador has a wage subsidy program whereby it
will subsidize employees of specified new industries (e.g. Call Centers, IT) for up to a
maximum of five years. For businesses established outside the Northeast Avalon Area
employers can receive up to 10% of their payroll in the form of a rebate paid upon
specified criteria (previously negotiated) being met by the employer.
According to the Department of Industry, Trade & Rural Development there is no written
documentation on this program, as many provinces compete with one another to offer
similar incentives to attract new businesses. All deals are negotiated on an individual
basis and are private and confidential. This incentive is in addition to all other
government programs.
Channel-Port Aux Basques Business Development Fund
The Town of Channel-Channel-Port aux Basques has recently created an economic
development fund for the purpose of developing new, sustainable business ventures in the
community. Specific emphasis has been placed on developing business opportunities that
relate to Tourism, the Port Corporation, Manufacturing or Information Technology. This
fund can be adapted to fit all types of needs and/or uses.
Specific business proposals would have to be presented to the Town along with the
purpose and request for the funds. Successful candidates would include projects that
include considerable economic benefits to the Town and which have significant ties to
the community.
Business Development Program
This Atlantic Canada Opportunities Agency (Government of Canada) program is
designed to help you set up, expand or modernize a business. Focusing on small- and
medium-sized enterprises, the program offers access to capital in the form of interestfree, unsecured, repayable contributions.
Eligible activities include business studies, capital investment, training, marketing,
quality assurance, and not-for-profit activities that support business in the region.
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Assistance is also available to help bid for and acquire public and private procurement
contracts or to develop an innovative product or service.
Overall, the project should meet the following criteria:
 Provide economic benefit to an area or a community
 Demonstrate need for financial assistance
 Be economically viable.
How much assistance is available?
ACOA can provide an unsecured, interest-free loan towards the eligible costs of a new
establishment, expansion, modernization or a project which improves your
competitiveness. ACOA's contribution is repayable on a time schedule tailored to your
circumstances. The maximum level of assistance under the program is as follows.
Costs eligible for up to 50% financing include:
 The construction or acquisition of a building
 machinery and equipment needed for the project
 working capital requirements related to an establishment or expansion project
 site improvements such as land clearing and paving required for the project
 leasehold improvements required for the project
 leased equipment and conditional sales contracts
 infrastructure such as sewer and water needed for a project
 self-built assets
 intangible assets such as patents, trademarks and licenses
 start-up costs such as insurance and interest capitalized during construction
Costs eligible for up to 75% financing include:
 Marketing: Includes the development of a marketing plan, the hiring of
marketing expertise to implement the plan, and related marketing activities such
as labeling, packaging, promotional materials, advertising, product
demonstrations and participation at trade shows.
 Training: Includes the development of a training plan, the hiring of training
expertise to implement the plan and related activities such as training materials,
seminar fees, and wages during the time that employees received off-the-job
training.
 Productivity/Quality Improvement: Includes the development of a productivity
or quality improvement plan, the hiring of expertise to implement the plan, and
related activities such as obtaining a recognized quality certification such as ISO,
and the cost of needed technical equipment.
 Innovations: Includes costs related to researching and developing new or
improved products, services and processes such as the labour costs of expertise,
materials, special equipment, testing and patents.
 Consultant Advice: Includes the cost of hiring a qualified consultant to prepare a
business plan, feasibility study, investigate licensing opportunities, conduct a
venture capital search, technology transfer search or provide advice to improve
your business skills.
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

Contract bidding: Includes the cost of improving your competitive ability to bid
on and acquire public and private sector contracts.
Business proposal development: Includes the cost of turning your idea into a
viable business proposal, example the completion of feasibility study, prototype
development, and gathering information on markets and raw material suppliers.
Maximum contribution is $10,000 for this activity.
Department of Innovation, Trade, and Rural
Development
Small and Medium Enterprise Fund
The Small and Medium Enterprise Fund provides term loans and equity investments to
small and medium-sized businesses in strategic growth sectors with special emphasis on
value-added manufacturing, information technology, aquaculture, bio-technology, marine
services, agrifoods and tourism, where local competitive impact is not an issue. The fund
will also target businesses which have export potential and need assistance to enter or
expand in external markets.
Funds are provided to complement funding from conventional sources where a need has
been demonstrated. The funding is also intended to increase the capital base of businesses
allowing them to lever new private-sector investments.
Program Activities
Loans may be used for start-up, modernization, or expansion of a business venture and
may include:
 purchase of fixed assets including land, building, and equipment, excluding onroad vehicles, snowmobiles and ATV's;
 construction and/or expansion or renovation of building(s) including leasehold
improvements;
 working capital for growth; and
 the purchase of intangible assets where such assets form an integral part of a
business venture (e.g. patents, technology rights).
Eligible Applicants
Loan applications may be considered from a proprietor, partnership, corporation, cooperative or non-profit commercial organization operating within the province. All types
of business and sectors are eligible, except real estate services, retail, service and
wholesale operations, beverage rooms and taverns. The business applying must
demonstrate:
 leveraged funding including client commitment;
 market potential;
 strong experienced management;
 net economic benefit / job creation;
 the potential for viability, sustainability and growth;
17


that it is unable to obtain sufficient funding under reasonable terms and conditions
from conventional sources; and
that the funding support is essential to the success of the business.
Available Funding
Term Loan: Up to $500,000 per project is available at the department’s base rate plus
3% interest with an applicant investment of up to 20% of project costs.
Equity Loan: Up to $500,000 per project with an applicant investment of up to 20% of
project costs.
Business and Market Development Program
The Small Business and Market Development Program provides new entrepreneurs and
expanding small businesses with funding to help them acquire the necessary expertise to
pursue new business ideas and new markets for their products or services. The program is
intended to support new growth opportunities in the economy, such as value-added
manufacturing activities and export-oriented opportunities.
Program Activities
The Small Business and Market Development Program will provide support in three main
areas:
 new market development activities or researching new product development
opportunities;
 technical feasibility research relating to potential new business opportunities; and
 acquiring external expertise on production processes, marketing, financial
management or other internal company needs for growth and expansion.
Eligible Applicants
Small businesses (those with less than 50 employees and less than $5 million in annual
sales) located and operating in Newfoundland and Labrador, including corporations, cooperatives and other similar structures, are eligible applicants. The business must
demonstrate that it has the appropriate financial structure and management ability to carry
out the proposed project.
Ineligible Activities
The program will not fund pre-commercial industrial research and development activity.
Nor will it fund generic business plans for new business start-ups or expansions unless
extenuating circumstances exist. Funding must be used to pay actual incremental costs
incurred and paid by the company. In kind or "sweat equity" contributions are not eligible
costs.
Available Funding
Up to $25,000 in the form of a grant is available to eligible applicants. These funds must
be matched on an equal basis by the business itself.
18
Financial Services
Each of the financial institutions for Port aux Basques offer competitive business and
personal rates.
Institute
Bank of Nova
Scotia
Bank of Montreal
Codroy Valley
Credit Union
Type
Bank
Location
Port aux Basques
Bank
Port aux Basques
Credit Union
/Cooperative
1. Codroy Valley
2. Port aux Basques
Contact
(P) 709-695-5630
(F) 709-695-9736
(P) 709-695-5600
(F) 709-695-7867
(P) 709-695-7000
(F) 709-695-7014
Business Support Services
The community offers a wide range of business support services to assist businesses in
any sector and any size. To ensure every business has the opportunity to prosper and
become successful within the town, Port aux Basques has numerous support systems
available.
Organization
Atlantic Canada
Opportunities
Agency (ACOA)
Gateway Community
Development
Corporation
Port aux Basques &
Area Chamber of
Commerce
Newfoundland &
Labrador
Organization of
Women
Entrepreneurs
Department of
Innovation, Trade &
Rural Development
Services Canada
Business
Development Bank of
Canada
Services
Location
Contact
Business plan development, Financial services,
information network, business skills
development, professional development,
technical assistance, Business Development
Program, focus on Atlantic Canada, focus on
sustainable development
Business plan assistance, financial services,
financial assistance, business counseling,
business service network, technical assistance,
partnership with ACOA, youth programs
Active participation in business community,
information network, one voice of solidarity in
business community
Business networking, professional development,
business consulting, financial advice and
assessment, woman focused approach
Corner Brook
1-800-668-1010
(P) 709-637-4477
(F) 709-627-4483
Port aux Basques
(P) 709-695-7406
(F) 709-695-9726
Port aux Basques
(P) 709-695-3688
(F) 709-695-????
Corner Brook
1-866-632-5069
(P) 709-632-5069
(F) 709-632-5069
Port aux Basques
(P) 709-695-9871
(F) 709-695-5817
Port aux Basques
(P) 709-695-5000
(F) 709-695-9671
Corner Brook
(P) 709-637-4515
(F) 709-637-4522
Business plan assistance, financial services,
business counseling, financial assistance,
business service network, technical assistance
Employment listings, funding information,
resources for entrepreneurs, workplace
innovations, labour market trends, training and
career development skills
Financial and consulting services, small
business development; financial aid, assessment
and advice; focus on technology and exports
19
Proven Location & Prior Success Story – Marine Atlantic Inc.
Marine Atlantic is a Canadian Federal Crown Corporation that provides a vital marine
transportation link across the Cabot Strait between Newfoundland and Labrador and
mainland Canada. This service is provided in compliance with the constitutional
agreement between the Province of Newfoundland and Labrador and the Government of
Canada, as well as the Marine Atlantic Inc. Act. Marine Atlantic Inc. reports to the
Parliament of Canada through the Minister of Transport. One of the company’s great
strengths is its well-trained workforce. Employment peaks at approximately 1200
employees during the busy summer season. Employees work at shore locations and
aboard the vessels.
In 1998 Marine Atlantic Inc. relocated its Corporate Head Office from Moncton, New
Brunswick to Newfoundland. Channel-Port aux Basques was chosen as the location to
set up the Finance, Administration & Information Technology Offices of the company.
This new facility provides all of the financial, accounting, Information Technology and
reservation systems and functions for the company and employs approximately 40 people
(this does not include the approximately 100 people working at the company’s separate
ferry terminal facility).
During the transition/relocation Marine Atlantic successfully attracted numerous “expatriots” from Channel-Port aux Basques and the surrounding region to return to
Newfoundland. These young people were highly educated, energetic, skilled
professionals who were anxious to return to an employment opportunity in their native
Province. These employees supplemented the local workforce of clerks, secretaries and
IT support staff, and came from extensive work careers and backgrounds that included
Accountants, Engineers, High Level Managers (IT & Finance), Mid-Level Management
and Executive Assistants. Marine Atlantic is a prime example of how a large corporation
can relocate to Channel-Port aux Basques and operate a significant portion of its
operations in a cost effective, business-friendly environment.
20
Additional Community Information
Recreation, Sports & Leisure
Port aux Basques is home to the Bruce II Sports Complex which houses a four-lane
swimming pool, a six-lane bowling alley, an ice rink, two curling sheets, conference
facilities and a fitness centre. The areas also has many organized sporting leagues
including softball, figure skating, minor hockey, bowling, swimming and organized
fitness classes for all levels.
Residents of the area also partake in other non-organized activities such as running, cross
country skiing, kayaking and walking. There are opportunities in the area to develop
more recreational activities by utilizing the natural resources and rugged landscape of the
area. These opportunities provide many outlets for physical activity.
Education
Port aux Basques has a low pupil-teacher ratio resulting in smaller class sizes. Students
get a personalized education that they might not be able to get in a larger centre without
resorting to private schooling. All core subject areas are personally taught through the
local school system including Physics, Chemistry, Biology, Mathematics and English.
Public health nurses work with the schools
to ensure health, nutrition, and other
student needs are met. Each school has a
liaison police officer who deals with
safety and any other issues of importance
that may arise in the community.
Furthermore, the community is dedicated
to providing a well-rounded education
through its many continuing education and
professional development courses.
21
The College of the North Atlantic (CNA) campus in Port aux Basques has been in
operation with college status since 1988. The college is publically owned and offers
various diploma programs in business administration, office administration, and common
first year engineering technology. If there is a course or program that is in demand in the
area, the college will either provide the course at their facilities or through the distance
education learning program. The college also offers programs in various trades such as
welding, metal fabrication, and non-destructive testing (NDT). The NDT program is one
of the most elite in the country.
Cost of Living
One of the most appealing aspects of Port aux Basques is the low cost of living. We are
pleased to offer some of the lowest costs in the province. The housing available is
generally in good to excellent condition.
Location
Average Apartment
Rental Costs
Average Housing Costs
(2-3 Bedroom Bungalow / 2 Story House)
Coastal Communities
Port aux Basques
Codroy Valley Area
$300/month
$325 - $350/month
$300/month
$30,000 - $40,000
$60,000
$50,000
Source: Thrones/Royal LePage Reality Real Estate Agents
Health Care
Port aux Basques has one hospital, the Dr. Charles L. LeGrow Health Centre, which
stands as a modern health care facility. It is designed as a district hospital with 50 beds,
an extended care
wing and an acute care
wing, with an
outpatients area for
emergencies. The
Health Centre is fully
accredited and
provides primary and
continuing care
services for the region.
The hospital
provides other services
including public
health nursing and
clinics,
physiotherapy,
laboratory and xray services,
occupational
therapy, speechlanguage
pathology, and a senior
citizens day care program. The community also has four private health care practices that
support the hospital, boasting one of the largest concentration of physicians per capita on
the West Coast of Newfoundland.
The community is less than three hours from the major regional hospital in Corner Brook
and nine hours from one of Atlantic Canada’s largest health centres in St. John’s. Port
aux Basques is also supplemented in its health care offerings through ground and air
ambulance services.
22
Environment
Bordered by the Atlantic Ocean, more specifically
the Gulf Stream, the ocean is evident in the weather
conditions of Port aux Basques. The community
has winters with temperatures that are higher than
more inland areas. During the summer months,
temperatures tend to be slightly cooler in nature,
lasting nearly four months in length. Due to the
coastal location, ocean breezes affect the
temperatures that are slightly higher inland.
Only 30 minutes from Port aux Basques, the
Codroy Valley is the summer destination for many local residents. The Codroy Valley
experiences a delightful climate – warm, sunny
summers that begin in May and last until October,
with shorter, but cooler winters. In addition to
having the most frost free days in Newfoundland,
the Codroy Valley boasts some of the richest soils
in the province, showcasing its potential to be an
agricultural hub.
The temperate climate of the region and
participation levels is illustrated below:
Climate Indicator
Average Annual
Rainfall (cm)
Average Annual
Snowfall (cm)
Average Spring
Temperatures
Average Summer
Temperatures
Average Fall
Temperatures
Average Winter
Temperatures
Port aux Basques
1217.7cm
Codroy Valley Area
1147.5cm
Coastal Communities
1334.9cm
343.4cm
386.8cm
326.6cm
3.05ᵒC
6.53ᵒC
4.93ᵒC
12.73ᵒC
14.97ᵒC
13.33ᵒC
7.07ᵒC
7.67ᵒC
7.53ᵒC
-4.60ᵒC
-4.67ᵒC
-4.27ᵒC
23
Appendix A
College of the North Atlantic
The Port aux Basques Campus College of the North Atlantic (CNA) is part of the public
college system operating in the Province of Newfoundland and Labrador. The College is
located on the Southwest Coast of the province, and offers training across the following
disciplines:
o
o
o
o
o
o
Welding
Metal Fabricator
NDT technician
Business Administration
Office Administration
Cabinet Making
CNA’s graduates are recognized world wide and work extensively throughout the
manufacturing industry. The College is very interested in building a working relationship
with any private enterprise that would be mutually beneficial to both organizations.
The Campus can also provide training in advanced welding techniques, post journey
training, and CWB testing. The College is also interested in training our staff to be able
to meet additional training requirements of industry. The opportunity to customize
training opportunities to meet additional labour requirements can also be investigated.
By locating in our region, any enterprise would have direct access to approximately 100
annual graduates from our trades programs. In addition to this there would be
opportunities to arrange work terms for students within our trades and business study
programs. This would be an opportunity to directly evaluate students in an on the job
setting.
In addition there are approximately 100 welder/fabricators with direct ties to the local
communities that would be interested in local work opportunities. These people have
gained incredible work experiences and attained certifications that are recognized world
wide.
24

Business Information Guide - Channel

Transcription

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