ICCI Presentation To Canadian Communities Aug 23 2011
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Invest Canada - Community Initiatives (ICCI)
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ICCI Presentation To Canadian Communities Aug 23 2011
- 1. Invest Canada - Community Initiatives (ICCI) Component of the Global Commerce Support Program Supporting Canadian Communities to Attract, Retain and Expand Foreign Direct Investment Presented to Manitoba Communities By Carlie Doan- ICCI Regional Officer Sept 6, 2011
- 4. ICCI 3 Basic Principles ICCI Attracting, retaining and expanding FDI in Canada Strong partnerships Cost sharing
- 5. ICCI allocated $3M in 2010 for 114 Adjudicated Projects BC & YT $380,000 NT & NU $20,000 AB $375,000 SK $125,000 MB $125,000 ON $1,058,000 QC $585,000 NL $60,000 NB $125,000 PE $22,000 NS $125,000
- 8. Community Investment Attraction and Retention Readiness Continuum
- 13. How to apply 1. Register as a Municipality through the Virtual Trade Commissioner’s website @ www.tradecommissioner.gc.ca
- 14. How to apply 2- Fill out the following sections and submit your draft application form before October 21, 2011 for feedback from your regional officer
- 18. Questions? Carlie Doan Foreign Affairs and International Trade Canada (204) 983-4540 [email_address] ICCI information, updates, and application form: http://www.international.gc.ca/funding-financement / Information and assistance on international business and investment: www.tradecommissioner.gc.ca
Notas del editor
- Support locally developed projects ranging from capacity building and FDI attraction, retention and expansion. Based on long-term planning and level of cooperation between private sector, regional partners and municipal and/or provincial governments Maximum amount payable per recipient: ICCI covers up to 50% of eligible expenses. ICCI is managed in DFAIT HQ but delivered to recipients by our Regional Officers posted across Canada
- ICCI follows three basic principles: Focusing on supporting the attraction, retention, and expansion of foreign direct investment; Work through partnerships; Sharing costs.
- Eligible recipients are Canadian communities and non-profit locally-based organizations that represent or fall into one of three categories mentioned above (small, medium, large). ICCI adjudication committees may support the provision of a contribution to a community or not-for profit organization acting as a 3rd party or intermediary on behalf of a number of eligible communities. Specifically excluded as eligible recipients are departments, agencies, Crown corporations and other organizations at the federal or provincial level.
- ICCI is a contribution program. It provides matching funds of up to 50% of eligible project costs per year. Annual non-repayable contributions range from a minimum of $3,000 to a maximum of $300,000. If a community accesses other federal government support, the total federal support cannot exceed 50 percent (**exception: aboriginal communities can receive up to 100% of federal funding when matching funds from municipalities, provinces or private sector is not available. However, ICCI funding support still cannot exceed 50% of total eligible costs.)
- ICCI Eligible Expenses Research and studies: identification of target corporations, comparative competitive analyses, development of business cases, business retention and expansion studies, etc. Economic data: collection of community and economic data for investment profiles, etc. Strategic FDI planning: facilitators, consultant costs, community consultations, development of strategic plans. Website development: development and/or major redesign, addition of significant architecture and functionality. Translation: translation of documents or website content into either one of Canada’s official languages or foreign languages. Promotional materials (print or electronic): design and layout only (printing costs and the pressing of CDs and DVDs are not eligible). Advertising: design and layout. Investment Training including EDAC annual conference: courses as part of the community’s investment attraction and retention strategy for employees of the Community. Travel costs (only for economic development staff and only in association with an investment training program), including transportation, hotel, per diem allowances, airport departure taxes, fees and insurance, as per Treasury Board guidelines. Meeting room rental (in-Canada). Software customization (but not the cost of software license nor off-the-shelf add-on modules). Consultants/contractors. --------------------------------------------------------------------------------------------------------------- Ineligible expenses NO MORE ELIGIBLE: Expenses related to tourism Trade Show participation ICCI funding does no cover: Research activities not associated with investment attraction, retention and expansion. Collection or purchase of statistical data not associated with investment attraction, retention or expansion activities. Development of training courses/modules. Consultants hired to facilitate a training session. Costs associated with hiring consultants to develop ICCI applications. Regular website maintenance and updating web content, site hosting, software licensing, Corporate logo design, costs of printing, pressing CDs, or DVDs, and recording videocassettes. All give-aways: gifts, events/shows/concerts tickets, logo items, cups, mugs, pens, etc. Design and layout of non-investment ads (promoting tourism, for example), cost of ad placement in any media. Travel costs incurred by applicants, partners or consultants not related to training; travel costs incurred by potential investors. Taxes: GST, PST, HST, VAT or taxes applied by foreign governments. Hospitality: Cost of meals or alcohol; lodging; clothing and uniforms; and all give-aways. Trade show/conference participation: registration fees at international trade shows or conferences (in Canada and abroad), booth design / purchase / assembly and shipping, design of promotional material specically for a trade show, overhead costs such as pre-show mailing, stationery and long distance phone calls, research to target companies at a trade show, consultant costs for organizing outgoing missions (including training participants); consultant costs to develop target business cases for follow up with potential investors after show; cost of developing an advertisement (design and layout) for show specific publications. Activities or projects related to attracting infrastructure for tourism and motion picture industries, e.g: to develop ski resorts, theme parks and film production facilities. Capital costs: infrastructure development, capital expenditures to acquire or enhance assets, software licenses, electronics (computers, fax, machines, digital cameras, etc.), demonstration aids. Capital costs include the direct costs of acquisition, construction, expansion, modification, conversion, transportation, installation and insurance (during construction) of fixed assets, as well as the cost of licensing and franchising fees. Overhead costs: Postage, including postage for direct mail campaigns; phone; office space rental; photocopying. Salaries and benefits of personnel. Miscelleneous: activities to attract investment from inside Canada; costs incurred before the application’s approval date; activities for which one or more partners expect to receive compensation in the form of a commission, finder’s fee, or other form of remuneration; promotion activities related to properties or business investment in which one or more partners receive a personal or corporation financial gain.
- You will have 8 to 9 sections to fill out: 1-Applicant and Third Party Information 2-Community FDI Strategy 3-Anticipated Outcomes 4-Project Components 5-Capacity to complete the project 6-Work Plan 7-Partnerships Commitments 8-Communication Strategy 9- Upload a document (e.g.: draft press release, strategic plan, etc) Submit a draft application prior to submitting your final version in order to receive feedback from your Regional ICCI Manager.
- The proposals are rated according to specific criteria: CRITERION 1: Strategy (20 points) How well does the project fit into the community’s strategic economic development plan? Is the application consistent with DFAIT priority target sectors and markets? How well does the long-term planning principles apply to this project? Is there a BR&E program in place in the applicant’s jurisdiction? How well does the applicant demonstrate the value of the project to the community? CRITERION 2: Project Components (20 points) How well do the project components support the applicant’s FDI strategy? Are the activities sufficiently focused? Is the budget consistent with the costs for these types of activities? Has the applicant provided relevant documentation to support the request? CRITERION 3: Performance Measures (20 points) How would you rank the proposed project and their expected outputs/outcomes? How well does the application provide valid anticipated outcomes: what will be measured, how these will be measured and which performance indicators will be tracked? Do the identified measures suit the overall project? Would the community be able to demonstrate success or readjust its strategy based on the measures identified? CRITERION 4: Capacity (20 points) Has the community identified an internal lead on the project? Does the community have the matching dollars to complete the project? Is the applicant solely responsible for completing the project, or is there a joint model for governing the project? Is the applicant likely to utilize the funding requested? Is there sufficient human resources and a credible governance structure is place to ensure that project reports and documentation will be maintained and delivered? CRITERION 5: Work Plan (10 points) Has the community established reasonable timelines, a list of key milestones, and identified key deliverables? Is the proper signing authority in place on the application with a project manager designated? CRITERION 6: Partnerships (10 points) Is the community working with other organizations on its FDI strategy? Is the community incorporating other sources of matching funds into its application? Does the community understand the value of partnering on marketing initiatives? Is the community part of a larger network of organizations or represent a regional approach to investment marketing? Other factors to consider in final decision: What is the applicant’s recent history of utilizing the program? Is the proper signing authority in place on the application with a project manager designated? Matching funds must be clearly identified. Proposed budget (includes all project costs): both eligible and ineligible expenses
- October 8, 2010 Draft application submission deadline October 15, 2010 Application submission deadline: no application is accepted past this deadline January 1, 2011 Effective date of approved projects: means that the Recipient can start his project (can start incurring costs)