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

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%)

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

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%)

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

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

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)

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

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

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