JUNE 10, 2014 Page 1 of 10 5. a - CC Ontario’s Heartland One Location, Many Places to Grow Presentation to Middlesex County Council Tuesday, June 10, 2014
JUNE 10, 2014 Page 2 of 10 5. a - CC What is SOMA? A regional economic development partnership that currently stretches across 3 counties: Elgin, Oxford, and Perth. Includes the municipalities of Aylmer, Ingersoll, St. Thomas, Stratford & Woodstock SOMA works with all levels of government to build a positive business climate & supportive infrastructure for business & industry while working to attract new foreign investment.
JUNE 10, 2014 Page 3 of 10 5. a - CC
JUNE 10, 2014 Page 4 of 10 5. a - CC Funding Sources Municipal Governments Federal Government Provincial Government
JUNE 10, 2014 Page 5 of 10 5. a - CC Funding Since inception, SOMA has received over $500,000 in federal and provincial funding to promote the area to foreign investors. In 2014, SOMA has been able to leverage the $110,000 in member contributions into over $400,000 in foreign direct investment marketing.
JUNE 10, 2014 Page 6 of 10 5. a - CC Marketing Sector specific trade events and missions Web Site: www.somasite.com Investment Seminars Member of three Pan-Regional Foreign Investment marketing groups: - Ontario Food Cluster - Ontario Clean Technology Alliance - Ontario Automotive Communities Alliance
JUNE 10, 2014 Page 7 of 10 5. a - CC SOMA Offers… Confidential site selection assistance Collection of statistical and market data A point of contact for all levels of government
JUNE 10, 2014 Page 8 of 10 5. a - CC Investment Sectors Automotive – Parts and Assembly Machinery & Machining Plastics Food Processing Alternative Energies/“Green” Manufacturing
JUNE 10, 2014 Page 9 of 10 5. a - CC SOMA Member Advantages • Investment leads and contacts for members • Access to SOMA, OFC, OCTA and OACA leads • Ability to spread the community’s message further for fewer dollars • Higher profile area when working internationally • Ability to share the workload among members • Targeted investment attraction efforts are consistent with member objectives
JUNE 10, 2014 Page 10 of 10 5. a - CC www.somasite.com
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