Business News July 2011

VOLUME 26, NUMBER 7, 0834-2011

JULY, 2011

IN THIS ISSUE:

•Business to arts •SIFE success •Paintball pictures

Contents IN THIS ISSUE Business News is a monthly publication of the St. John’s Board of Trade.

Reproduction of any material contained in Business News is permitted provided written approval from the St. John’s Board of Trade.

Articles and criticisms are invited, but opinions expressed by contributors do not necessarily represent those of the St. John’s Board of Trade.

We encourage you to support the business leaders whose names and products you see advertised in this issue as well as throughout our entire membership. The Board reserves the right to edit submissions.

Editor: Printed by: Layout:

Alisha Morrissey British Group of Companies Roxanne Abbott

ST. JOHN’S BOARD OF TRADE EXECUTIVE Jo Mark Zurel Steve Power Denis Mahoney Sharon Horan Derek Sullivan Sherry Walsh

Chair Senior Vice-Chair First Vice-Chair Second Vice-Chair Immediate Past Chair Secretary-Treasurer

COVER STORY

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CHAIR’S MESSAGE FEATURES

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KEEPING CURRENT MEMBERSHIP

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Upcoming Events

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BOARD OF DIRECTORS Kim Keating Dallas Mercer Jeff LeDrew Bill Mahoney Brenda O’Reilly Karen McCarthy Dorothy Keating Des Whelan

STAFF Paul Thomey Jennifer Ryan Shari Palmer Margie Davis Alisha Morrissey Craig Ennis

Wanda Palmer

Jackie Bryant-Cumby

Chief Executive Officer Controller Business Affairs Manager Sales Manager Policy Research Analyst Vice President of Policy and Communications Events Marketer & Administrative Coordinator Member Relations Administrator

St. John’s Board of Trade 34 Harvey Road P.O. Box 5127 St. John’s, NL A1C 5V5 Canada Tel: (709) 726-2961 Fax: (709) 726-2003 E-mail: mail@bot.nf.ca Website: www.bot.nf.ca

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Cover Story flying high A gateway to growth

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f current and forecasted passenger traffic at St. John’s International Airport is any indication of the health of our economy, we stand in good stead. Last year, a record breaking 1.3 million passengers traveled through our airport, representing eight per cent in real passenger growth, a growth rate that is twice the national average. By 2020, we anticipate serving an additional 600,000 passengers, bringing our total passenger count to 1.9 million.

forward to continuous improvements as we remain focused on delivering an outstanding airport experience to our passengers.

A clear vision An airport by its very nature must ensure that the movement of people and goods meets the needs of the community, furthering the economic growth and development of the region. Our most recent economic impact study clearly indicates this link by quantifying the annual economic benefit of the airport’s

passenger experience. The first phase, beginning this year, will involve an extension of the terminal building’s east end, providing a new pre-board security area, expanded departure lounge facilities, additional vehicle parking with more payment options, as well as enhanced passenger services. A new airport road will also be constructed to improve access to our facilities. Phase two will begin in 2016 and will focus on the west end of the building. This expansion will enable more jet gates, a larger baggage area, and further expansion and improvements to the departure lounge and the international arrivals area.

An accessible airport

St. John’s International Airport also prides itself on being the premier transportation gateway to Newfoundland and Labrador, with an estimated 80 per cent of non-resident visitors traveling to and from this province through our airport. This is the place where first and last impressions are made and we are committed to ensuring it’s a positive one. Since we started conducting regular passenger satisfaction surveys in 2005, our approval ratings have steadily increased, with an impressive 88 per cent passenger satisfaction rating received over the last two years. We look 2

operations on the provincial economy at $270 million. However, as we continue to pursue additional air service opportunities, we must ensure the proper infrastructure is in place to support such endeavours.

Due to the unprecedented growth we’ve experienced since privatization, we are operating above current design capacity.

Our recently announced 10-year, $150 million, two-phased infrastructure plan will enable us to accommodate the demand anticipated by 2020. This will involve a number of exciting initiatives that will undoubtedly improve and enhance the July 2011

Our airport accessibility initiative is also a major infrastructure project and one that will transform our reputation for being inaccessible, making this region more attractive to business investors and tourists.

This $26 million, multi-year construction project will involve the closing of our main runway for approximately five months during the 2012 construction season. Though we understand that this may impact flight operations during the peak travel season next year, it is necessary to achieve the long-term benefits that will come with this additional infrastructure and advanced technology. We are committed to constant communication with our airline partners and stakeholders on each step of this construction project and look forward to realizing the full benefits of Cat III ILS technology by the spring of 2013.

The St. John’s International Airport has built its platform on being a passenger friendly airport and we will continue to provide exceptional facilities and services at our province’s premier gateway. We don’t want to be just another airport experience for the traveller… we aim to be a departure from the everyday.

Business News

Chair’s Message joining the conversation

Chair, Jo Mark Zurel

A few months ago the St. John’s Board of Trade logged on.

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e created and joined online communities on Facebook, Twitter and LinkedIn. My face is in the hundreds of pictures on our Flickr stream and our magazine is now accessible on a whole new digital platform.

It’s fascinating really, that we all connect so easily now.

E-mail came as a shock to business what seems like only a few years ago, now my children don’t even text anymore, they’d rather check their Facebook. Access to information is instant. Google has made everyone a scholar – or a bomb builder, or a baker or a music guru. You can waste hours watching movie trailers on YouTube or search for a new job on your phone – while in a meeting with your boss.

The most recent election was called the Twitter election as thousands of people from across the country gave their opinions about each party freely online in the form of status updates and blog posts. Parties even created iPad apps.

Do you know what #elxn41 means? It’s a hashtag for those who are reading the paper, hardcopy of this magazine, and not the online version.

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Amazingly, her research has showed us When you click that particular hashtag it that while we’re able to reach out and brings together all the “tweets” about the touch celebrities on Twitter, employers on last federal election – thousands of them, LInkedin, and politicians on Facebook; hundreds of thousands even. Many from we’re all really only getting in touch with a generation that largely stood back from the same four or five people. She says 80 politics and avoided the polling stations.

The greater result was public engagement per cent of cell phone calls are with only four contacts; that on Facebook people in a process that Canadians have largely regularly have one-on-one conversations been apathetic about.

Recently, after mentioning a popular radio with only two to three of 100 or so “friends.” The peak use of work e-mail for jingle, I had a young woman blankly stare private purposes is at 11 a.m., she says. at me before explaining that advertising Technology has given doesn’t workers what only work on her.

Google has made everyone executives once had She doesn’t – contact with their listen to a scholar – or a bomb – just not in radio or builder, or a baker or a music families the form of a phone in a watch TV. guru. You can waste hours corner office.

She gets So we dinosaurs can her news watching movie trailers on roll our eyes and pretend content YouTube or search for a new technology will have no online, buys music on job on your phone – while in bearing on our business, or we can accept it, use iTunes and a meeting with your boss. it and benefit from it. hasn’t had cable TV for years.

This young woman – and every other Jo Mark Zurel is a Chartered Accountant consumer out there – creates their own and President of Stonebridge Capital Inc., bubble, and fills it with the things they like. an investment company. Until recently, No two bubbles are the same.

Mr. Zurel was Senior Vice-President I wonder, after this interaction, how some and Chief Financial Officer of CHC business owners think these technologies Helicopter Corporation, helping to build won’t affect every single one of our it into the world’s largest helicopter business models. operating company. He’s also a director All these technologies can be used as of Major Drilling International Inc. marketing tools, learning tools, and they and Newfoundland Power Inc., as well can certainly all be used as time wasters. If as a board member of several private you think technology isn’t affecting your companies. Mr. Zurel holds a Bachelor business because you’ve banned Facebook, of Commerce degree from Dalhousie consider a recent TED Talk by sociologist University.

Stefana Broadbent (and if you don’t know Mr. Zurel’s not-for-profit activities what a TED talk is, you would do well to include chair of Junior Achievement Google it). Broadbent talks about the shift of Newfoundland and Labrador and in workplaces as a result in technology. governor for the Newfoundland and That factory workers sneak away and use Labrador Business Hall of Fame. He is cell phones to touch base with wives, that also governor of the Atlantic Provinces secretaries check in with their mothers on Economic Council, chair of a Canadian Facebook while working, that women who Red Cross fundraising campaign and have to move from the Philippines to work, board member with the Newfoundland and still parent children at home through the Labrador Angel Network (NLAN). use of Skype.

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Feature full speed ahead Oceanex is a privately held company that provides intermodal transportation services to the province of Newfoundland and Labrador. Oceanex and predecessor companies have been operating in the province and throughout eastern Canada for over 100 years.

additional sailing to the province. During a recent drydock of the Oceanex Sanderling, the company invested significantly so the vessel’s speed could be increased to support the second weekly sailing. Added to this, Oceanex provides increased daily service over land to the province’s west coast ensuring our customers of reliable and consistent service – not to mention our 99 per cent on-time performance in 2010.

Of course, while continuing to invest in its existing fleet, Oceanex is in the midst of finalizing the specification for a new, state of the art RoRo vessel to add to the current fleet of container and RoRo ships.

This vessel will increase our ship carrying capacity by more than 50 per cent.

Since the opening of the corporate office in St. John’s late in 2007, under the direction of executive chairman, Capt. Sid

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ceanex operates two ice-class, RoRo (roll-on/roll-off) vessels and one ice-class, container vessel, two marine terminals in St. John’s and Corner Brook, and a fleet of over 2,500 containers of varying types and sizes. Oceanex also handles third-party vessels at its Newfoundland terminals.

In addition to marine services, Oceanex through its inland division coordinates the movement of cargo to and from its piers for distribution throughout the province.

Oceanex continues to make significant investments to better serve its customers and recently doubled its weekly capacity to Newfoundland from Halifax by adding an Hynes, the office has grown by more than 300 per cent and is now home to the company’s fleet management and health and safety divisions. Capt.

Hynes’ leadership and entrepreneurial spirit were recently recognized as he was named a Top 50 CEO in Atlantic Canada for the third year in a row in addition to the significant honour of being inducted to Junior Achievement’s Newfoundland and Labrador Business Hall of Fame.

From all accounts, it’s full speed ahead at Oceanex.

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Feature ambassador’s column Helena Lawlor Hillview Terrace Suites

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have been in sales for most of my career, and have always assumed “networking” to be a part of my job.

Because of this, I never thought there was a need to become an Ambassador.

After becoming the General Manager of Hillview Terrace Suites in 2005, I attended many Board functions as one way to “network” and increase incremental business. My boss, Melvin Nash, was once an Ambassador with the St. John’s Board of Trade and encouraged me to become one in 2009. He saw it as an excellent opportunity to meet new clients and business “friends.” His advice has paid off. I became an Ambassador in 2009 and have had a most positive experience with the Board of Trade. While my two year

term as an Ambassador with the Board will soon be coming to an end, the many things I have gained through this experience will remain with me. I am very pleased I have made so many wonderful friends, have had opportunity to welcome new members, and have had fun at many events, working behind the scenes and side-by-side with the upbeat Board staff. I have completely enjoyed my term as an Ambassador, and I do encourage any member to come and share in the wonderful experiences offered by the Ambassador program.

Helena Lawlor is the general manager of Hillview Terrace Suites.

For more information visit www. hillviewterracesuites.ca

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July 2011

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Feature ambassador’s column Shane Kennedy Triware Technologies hen I first got involved with the St. John’s Board of Trade, and started attending the events they host on a regular basis, the benefit to me was clear. Yet it can often be difficult to meet new people and develop new working relationships with people you don’t know.

As a new member of the Board it was an Ambassador who helped me warm up to networking in a room full of people I didn’t know. I learned that everyone was at the event for the same reason – to enjoy themselves and to meet new business contacts. The people you meet through the Board of Trade are people that you

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may never meet otherwise and are all interested in networking with the business community in St. John’s. I knew that if I was benefitting from the work done by the Board others would as well, and I decided to become an Ambassador so I can help other new members at networking events just as an Ambassador once did for me. I look forward to continuing to meet more members throughout my term as an Ambassador.

Shane Kennedy is an Account Executive for Triware Technologies solutions division and specializes in website and corporate intranet development. For more information on Triware Technologies call 579-5000 or visit www.triware.ca

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Feature that sinking feeling when others’ was lost may face a GA claim. Even if your shipment consisted of one parcel valued at $5,000, you could still incur a GA assessment of $150,000 to cover cargo lost by others. As such, before booking your cargo, we recommend purchasing ocean cargo insurance and confirming that your coverage will protect you against potential General Average claims.

Given the nature of risk in transportation, one critical best practice is to purchase adequate cargo insurance. It is always advisable to minimize potential risk before you ship.

General average and ocean cargo

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id you know that when you ship by ocean freight, you essentially sign on as a partner in the ocean venture, with a financial interest in the ship’s safe arrival at destination?

Before you place cargo on board a vessel, it is a good idea to know something about the risk of General Average (GA).

GA comes into play during emergencies when cargo may have to be thrown overboard to save a ship in distress. Under GA, everyone involved in the ocean venture has to share any losses from the sacrifice of part of a ship or its cargo to save the whole enterprise. Liability for such losses extends not only to the vessel owner, but to every individual or company with cargo on board.

For General Average to apply, three conditions have to be met. First, there has to be some common danger involving the vessel, cargo and crew. This danger must be imminent and unavoidable unless some part of the ship or cargo is sacrificed. For example, GA will apply when cargo is thrown overboard to lighten a waterlogged ship; however, it will not apply if part of a vessel breaks off and is lost at sea during normal operations. Secondly, the act of throwing the cargo overboard must be done voluntarily to avoid danger. In other words, danger to the vessel must be knowingly “transferred” from the whole ship to a portion of its cargo. Thirdly, the attempt to avoid peril must succeed, saving the vessel and the remainder of its cargo.

General Average is based on the notion of justice for all. Since the sacrifice to some cargo was made for the benefit of all stakeholders in the venture, all must contribute to the loss. Your contribution, as a cargo owner, is calculated on a formula that averages ship, cargo and freight values. Arriving at GA values is complicated. Cargo vessels involved in regular trade may carry goods for hundreds of different clients on any given journey.

Owners of any lost cargo who face an unexpected expense, must, as with the 8

Tanny Collins principle of insurance, be returned to the same financial position they would enjoy if the loss had not occurred in the first place.

Average Adjusters, hired by the vessel owner, independently assess most GA claims and come up with a value that will represent your proportional share.

Any shipper whose cargo arrives intact

Bernard “Tanny” Collins is the president of PF Collins, Atlantic Canada’s foremost international trade solutions provider, with offices in St. John’s, Halifax and Calgary.

Internationally recognized as an expert in transportation logistics, customs and tariff issues, Mr. Collins consults with industry leaders from around the globe to provide the professional advice they seek to manage their import and export activities in Canada.

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July 2011

Benson·Myles provides a full range of legal services to individuals, corporations and a variety of agencies and organizations

Business News

Feature common ground Arts groups and businesses in St. John’s coming together with help of Irish arts group

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ome business people think all artists are flighty and spend more time musing than working.

Some artists think business people only care about making money.

Stuart McLaughlin, Chief Executive of Business to Arts, an Irish not-for-profit that brings together artists and business, says both of those assumptions are wrong.

In truth there’s a lot more business to making art and a lot more creativity in business than the two sides may give one another credit for, he says.

“The same rules apply but we don’t necessarily apply them in our minds.

There are things that a lot of cultural organizations could be far more effective in; their business practices and finances Stuart McLaughlin, Chief Executive of Business to Arts, an Irish not-for-profit and how they market themselves, but also that brings together artists and business. there are a few that go the other way.”

McLaughlin was recently in St. John’s to McLaughlin explains that the organization understanding business and why it works meet with a roundtable of local business doesn’t use the corporate funds to write in certain ways, and working out how we groups and arts community representatives cheques to artists, rather the cash is used can best engage with them. And then on the to talk about the Irish model for Business for classes, professional development – to other side identifying those organizations to Arts. The local roundtable is exploring point the artists in the right direction to find that are most willing and able to engage the options for creating a similar organization their own sources of funding. of Business to Arts in St. John’s. continued on next page...

“We don’t have to work with anybody The 20-year-old Irish organization was and we’re never writing anybody a designed to bring together businesses cheque so anybody who works with us it’s and artists because they believe to maintain in our outcome,” vibrant arts “I was never big into corporate McLaughlin says. community The companies responsibility as a term. The with less in return see value reliance on phrase that I personally love is in the community, public funds. corporate citizenship … actively a strong healthy So far, it’s cultural sector and playing a role as a citizen.” worked, an in-demand place McLaughlin for their employees. says.

Sometimes the “I was never big into corporate benefits are more direct in terms of art responsibility as a term,” he says in the St. being done for corporate use, teamJohn’s Board of Trade’s board room. “The building workshops etc. phrase that I personally love is corporate McLaughlin serves as the middle man. citizenship … actively playing a role as a “It’s been a long journey … for us citizen.” understanding our stakeholders,

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Feature common ground ...continued from previous page corporate sector,” he says. “There are some organizations that fully believe that culture should be supported by the State and that’s the way it is.”

The funding tends to come from three sources, he explains, one third each from government, business and the artists.

What’s odd, McLaughlin says, is that since Ireland has gone through the most recent economic meltdown, the

organization seems to be doing even better than before the bust.

“It’s just part of who we are in Ireland and I think we take that for granted sometimes,” he says.

“In adversity we’ve rediscovered a bit of that and it’s part of our message around the world.

Here, there’s a level of shifting and people are looking at how to make the best of that now. Rather than after the fact, you’re getting in earlier.”

—Alisha Morrissey

rgreene@hoytsunited.com

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Keeping Current Policy matters Federal debt servicing expense per year: $33 billion Do the math: $33 billion is approximately $654 million per week. What could we do with one week’s worth of interest and other payments?

• Invest more than 13 times the $50

reintegrating older workers into the workforce

• Pay half of the $1.2 billion business and workers will save in 2011 by keeping EI premium increases at five cents per $100 of insurable earnings

million program (over two years) on

• Triple the money going to the Guaranteed Income Supplement for seniors (currently $300 million a year) allowing benefits to move from $600 for a single senior to $1,800 per year and from $840 for couples to $2,520 per year Illustration from www.goldstockbull.com

• Forgive $40,000 on Canadian Student Loans for more than 16,000 doctors or $20,000 for nearly 32,700 nurses as an incentive to working in underserviced, remote or rural communities That $33 billion is approximately $90.4 million per day. That means in one day the money we spend on public debt charges could:

• Invest 4.5 times the current $20 million program (over two years) to help Canadian Youth Business Foundation support young entrepreneurs

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July 2011

• Nearly double the approximately $100 million program (over two years) for research and development and demonstration on clean energy and efficiency

• More than double the $72 million program (over three years) for repairs to storm-damaged small-craft harbours

• Go from $10 million over two years for New Horizons for Seniors Program to support projects that ensure seniors contribute to and benefit from community activities to more than $100 million over two years

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Keeping Current policy matters Provincial debt servicing expense: $804.4 million in 2011-12 That means our provincial debt servicing totals $15.5 million per week. Here’s what we could have done if we didn’t have to make those payments:

• More than double the $12.8 million • • •

for the Small and Medium-sized Enterprise Fund Quadruple the Regional/Sectoral Diversification Fund from its current $5 million Quadruple the money going to the Early Childhood Learning Strategy (currently $4 million over three years) Double – almost exactly – the $15.4 million program (over three years) that provides additional incentives to employers to hire apprentices, especially from under-represented groups

advocacy and development

• Immediately double the expansion

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of the Applied Behaviour Analysis Program for children in Grades 1 and 2 with autism Triple the $1.1 million to implement recommendations of the Patient Flow Study

• Triple the increase in monthly •

maximums for home support subsidies ($1.1 million) Invest nearly 15 times the $150,000 program (over three years) to support grants and subsidies for settlement and integration projects for immigrants

Debt servicing costs us $2.2 million per day. Meaning in one day the money we spend on public debt charges could:

• Spend more than 10 times the $200,000 allocated for sealing industry

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Feature onward and upward Memorial University business students recently swept the 2011 Advancing Canadian Entrepreneurship (ACE) competition in Toronto.

running our third Annual Based in Business Bootcamp, a program dedicated to teaching soon-to-be-retired and medically discharged Canadian Forces members how to run their own business, after their transition back into civilian life,”

Seward says. “Representing our country is a responsibility that we take very seriously, and we hope to make both our province and country proud.”

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he national competition in Toronto pits 45 university and college teams with more than 700 students, against one another.

PhD student Mike Wahl, the co-owner of Definitions Wellness Safety Services and a Board of Trade member, won the 2011 Student Entrepreneur National Champion award and a $10,000 cash prize. The Memorial team won the overall award after highlighting their 16-project portfolio.

The Memorial team reached 5,197 individuals in their community during their volunteer hours and created an economic impact of $2,915,355 in the past year.

“It was truly surreal to present on all of the incredible achievements our volunteers have made in the past year. It was through the efforts of 98 volunteers contributing over 26,000 volunteer hours that allowed us to have such a wide and lasting effect in our community, province and country,” says Danielle Seward of Memorial’s Students in Free Enterprise (SIFE) team.

The Memorial team will now move on to the international level of competition, the SIFE World Cup in Kuala Lumpur, Malaysia in October.

“We are honoured to have the opportunity to represent Canada in Kuala Lumpur.

We will be working hard this summer to continue making an impact, including

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Photos by Sophie Harrington/ACE Canada July 2011

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Keeping Current around the board

Thanks to the Craft Council for hosting us at Devon House for one of our successful arts and business mixers.

Sculptor John Goodyear explains his work to Gerard Ryan, winner of the door prize, a woodturning by Goodyear.

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Keeping Current around the board

Board of Trade staff got in on the game.

For more photos from our time at Frontline Paintball checkout our Facebook page.

Search St. John’s Board of Trade and don’t forget to “Like” us while you’re there.

Frontline owner Tom Davis laid down the rules for the game before acting as a referee.

We’d like to thank Tom and the Frontline team for hosting us.

Ambassador Steve Batsow wasn’t really that surprised to be taken out of the game with a shot to the head from Amy Tulk.

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Keeping Current around the board

Specialty Apparel employees Erin Woodfine and Paul Bursey created their own gear to wear for the occasion. To say they were moving targets would be an understatement.

Lorraine Ennis, always a good sport, stood out in her orange jumpsuit.

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These girls meant business on the field.

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Keeping Current around the board

Porter president and CEO Robert Deluce talked about corporate culture and gave us a sneak peek inside the up and coming airline’s operation.

The luncheons are always a great place to network and this luncheon was no different. Have you reserved your seats at the next one?

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Membership members in the news

DH_jellybeans_DownhomeCPM1 2/14/11 5:01 PM Page

Oil companies invest in education The partners in the Hebron project have invested $2 million in the College of the North Atlantic to build two oil and gas training facilities.

The two labs will be used for training as well as to facilitate research. The two new labs will be at the Seal Cove and Ridge Road, St. John’s campuses of the college.

The Hebron Project co-ventures are ExxonMobil Canada Properties, Chevron Canada, Suncor Energy Inc., Statoil Canada and Nalcor Energy.

Foundation – Atlantic Region. Parsons is the first employee in the organization’s 25-year history to be elevated to the top regional role from within. Parsons was previously the Senior Director of Development for CBCF – Atlantic Region.

MUN hoards awards Memorial University is an excellent communicator, according to the selection committee of an international business communicators association.

Three recent publications, created by the university have won Pinnacle Awards from the International Association of Business Communicators (IABC) of Newfoundland and Labrador. This news following the recent win of three 2011 Gold Quill Awards given to Memorial by the Memorial University’s Distance Education, Learning and Teaching Support program

New CEO of local chapter of Breast Cancer Foundation announced Jane Parsons has been has been appointed CEO of the Canadian Breast Cancer

continued on next page...

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Membership members in the news has also taken home some hardware in recent months. The unit received six awards at the Canadian Network for Innovation in Education awards in Hamilton, Ont. The unit took home a variety of awards for excellence and innovation in partnerships and collaborations, student services, animation, video production and instructional design.

help 12 community groups to complete 18 hands-on projects in one day. The day started with a breakfast at the George Street United Church sponsored by the Atlantic Lottery Corp., after which the volunteers were dispatched to a variety of locations to do everything from reading to children to painting, from planting community gardens to delivering hot meals to seniors, and cleaning up litter.

Volunteers came from all kinds of businesses including Scotia McLeod, the federal and provincial governments, CIBC, Stewart McKelvey, Atlantic Lottery, RBC, British Group, Rogers Communications and ExxonMobil Canada.

ADS announces acquisition of IT service provider, Fundy Computer Services

New digs

Day of Caring a huge success The first local United Way Day of Caring brought 225 employees of various companies and government agencies to

Johnson Inc. has officially opened its new corporate head office. The company did extensive renovations to the 80,000 feet of office space in the Fort William Building in downtown St. John’s.

Johnson also showed off its new logo at the grand opening of its new offices.

“This new logo symbolizes our progress and forward-thinking approach. It also highlights the progression of our business as a national company, which is part of the global RSA Insurance Group,” the press release about the change says.

Atlantic DataSystems has announced its acquisition of IT services provider, Fundy Computer Services. The acquisition of the Maritimes firm expands Atlantic DataSystems’ regional presence as the leading Sage ERP Accpac provider for small to midsized businesses.

The acquisition will also allow Atlantic DataSystems to offer a greater range of complementary services to its business clients, while providing a stronger contingent of existing services.

For more on the acquisition see www. atlanticdatasystems.com

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Membership members in the news

Magnanimous milestone Grant Thornton LLP has given a helping hand to nearly 600 Memorial students by hiring them for work terms. Not including Memorial University, this makes the accounting firm the largest employer of work-term students in Newfoundland and Labrador. Grant Thornton uses to the process to find and hire bright students to become the future leaders within the firm.

Performance Learning have been ranked among Canada’s 2011 Top 50 Defence Companies by Canadian Defence Review magazine.

The annual ranking is based on factors such as economic impact, innovation, and contribution to the nation’s security, and support of Canada’s military. This

is the first time that a company from Newfoundland and Labrador has made the list. Provincial Aerospace ranked 23 and Bluedrop Performance Learning ranked 44.

The complete list of Canada’s 2011 Top 50 Defence Companies can be found at www.CanadianDefenceReview.com.

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Fortis acquire US utility Fortis Inc. has made a hefty investment in acquiring a utility in the United States. The $470-million (US) deal would see Fortis buy the largest electrical utility in Vermont - a transaction that includes the assumption of about $230-million in debt.

However, Fortis is confident there’s growth in the area and that there will be annual rate base growth of nine per cent per year through 2015, making the investment a stable source of earnings growth.

726-2961 | info@bot.nf.ca

Refer a member by July 15 and receive a $25 gift certificate for the Hungry Heart Cafe.

Great growth Mad Rock Marine Solutions has been recognized as one of the fastest growing companies in 2011, according to Progress Magazine. The company, headed up by Dean Pelley, has grown a reported 453 per cent. The company, which is the only company that makes a particular lifeboat release hook, is looking at a global expansion, Pelley says in the article.

High honours Two Board of Trade member companies are flying high on their most recent successes.

Provincial Aerospace and Bluedrop 22

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Membership industry news This province is in need of a plan, said local economist Wade Locke at last month’s Harris Centre Presents.

Locke presented information that reinforces what the St. John’s Board of Trade has been saying all along about using today’s prosperity to plan for a future without oil.

Along with Locke’s presentation, Board Chair Jo Mark Zurel, Newfoundland and Labrador Federation of Labour president Lana Payne and Bruce Pearce, the community development coordinator with the St. John’s Community Advisory Committee on Homelessness served as panelists at the event.

Locke contends that unless something changes the province’s debt will be in the billions, while revenues erode.

“If we don’t do anything, we’ll be in a situation where we can’t do anything,” Locke said.

Locke suggested the province needs to stimulate exploration, facilitate natural gas extraction, diversify the economy and recognize problems and capitalize on the current success.

The panel discussion was lively, as was the question and answer session. You can watch the webcast of the entire event here: http://www.mun.ca/harriscentre/policy/ memorialpresents/lockemp.php NL digging in

Descriptions of the projects receiving funding from RDC are available online at www.researchnl.com.

Exports on the rise Exports from Newfoundland and Labrador are expected to grow by 17 per cent this year.

Mostly due to high commodities prices, this province is tied with New Brunswick for growth in exports – only one spot behind Saskatchewan’s 19 per cent growth.

Meanwhile, a recent Globe and Mail article that includes interviews with Export Development Canada, suggests Canada’s exports should return to prerecession levels next year, due to gains in the commodities markets – particularly oil and forestry.

The gains are also expected due to recovery in the United States, which buys three quarters of this country’s exports.

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The province is investing more in research and development in the mining sector.

The Research and Development Corporation of Newfoundland and Labrador recently launched GeoEXPLORE, a three-year program, to enhance research and development in five areas research team awards; geosciences research tools and equipment; collaborative research opportunities; post-doctoral researchers; and industry-led R&D, technology development and demonstration.

The $960,000 investment will support 13 projects in the field and lab.

Business News

July 2011

23

Membership MEMBER PROFILES

athome Furnishings is a specialty furniture store offering hand-crafted Amish wood furniture and Candice Olson designed upholstered furniture.

Opened on Aug. 8 2008, the store filled an underserviced niche in the local furniture market that demanded well-made wood furniture products.

We are currently moving to the next step in our retail evolution by becoming a franchise dealer for the Amish furniture line we carry. In early June we changed our name to Simply Amish of NL. Everything in store remains the same, the products we carry and the service we provide. Only our name is changing which will better reflect what we have been known as since we opened – the Amish Furniture Store.

The Canadian Breast Cancer Foundation (CBCF) is the leading volunteer-based organization in Canada dedicated exclusively to a future without breast cancer. CBCF works collaboratively to fund, support, and advocate for research; education; and awareness programs; early diagnosis and effective treatment; and a positive quality of life for those living with breast cancer. CBCF is unique in that 100% of funds raised in Atlantic Canada, stay in Atlantic Canada. Since opening its doors in 1997, the Canadian Breast Cancer Foundation – Atlantic Region has awarded over $20 million in funding for Atlantic Canadian research, community health projects, and studentship awards.

We are Certified Management Consultants (Member, CMC-Canada) and Urban & Regional Planners (Member, Canadian Institute of Planners). Founded in 1984, we are an economic development consultancy that helps businesses, agencies (public and not-for-profit) and communities to define and achieve their goals.

Strategies linking culture and the arts with economic development have particular appeal. Our work often addresses new opportunities in urban settings, but we have a passion for new enterprise that helps define a future for rural and remote communities.

Specializing in: tourism; culture and the arts; community economic development. Daily Objectives: Embrace a new idea. Strive for professional excellence. www.dwknightassociates.com

CWT Harvey’s Travel is a proud Newfoundland and Labrador-based companies with extensive operations outside of our head office. We operate 22 branches in the four Atlantic provinces.

We’re also proud of our staff, with average seniority over 16 years and turnover rate of less than 3 per cent annually. We participate in the rigorous Towers and Watson Employee engagement and satisfaction survey and in 2010 scored in the top three per cent of all the 5,000 companies surveyed.

CWT Harvey’s Travel combines strong local knowledge and expertise with the industry leading technology and buying power of our partners, Carlson Wagonlit Travel. Truly, we combine local presence and global power.

24

http://www.cwtharveystravel.com/

July 2011

Clean & Beautiful has been reducing litter and promoting beautification in St. John’s for nearly 20 years!

Our mission is to protect and restore our urban surroundings through community involvement and to instill a greater sense of pride and ownership for our city streets, parks and trails.

At Clean & Beautiful we believe that an attractive city contributes to economic growth by encouraging investment and increasing property value. Cleaner surroundings improve the quality of life for everyone!

Contact Karen Hickman, Executive Director 570-0350 sjcab@cleanandbeautiful.nf.ca www. cleanandbeautiful.nf.ca

Hickman Automotive Group has remained a family-operated business since Albert E. Hickman put it in drive in 1905. Over the course of 100+ years of service excellence, we have become Newfoundland & Labrador’s driving force in automobile sales, with ten locations province-wide and unrivaled service. Our showrooms display many brands, like Chevrolet, Cadillac, Buick, GMC, Volvo, Mack, Chrysler, JEEP, Dodge, and Fiat. You’ll also find an unmatched selection of makes and models at any of our ten Hickman Used Network locations.

For more information, visit hickmangroup.ca.

Business News

Membership new members Krown Rust Control Michael Davis, Owner 835 Topsail Road Mount Pearl, NL A1N 3J6 P: 709-364-2288 F: 709-364-7620 mdavis@autotrim.ca

J & H Food Services Inc. – Quiznos

CCG Capital Inc. – Canada Clean Glass

Harry Moore, Owner 272 Torbay Road St. John’s, NL A1A 3A7 P: 709-726-1570 F: 709-726-1571 harrym@live.ca

Monty Faulkner, President/ Owner 1199 Topsail Road Mount Pearl, NL A1N 5G2 P: 709-747-3700 F: 709-747-3737 canadacleanglass@nl.rogers.com

Referral Rewards Program Michael Davis Auto Trim Signs

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Business News

July 2011

27

Upcoming Events July events BUSINESS MIXER Hosted by

Come out and enjoy a cruise aboard one of O’Brien’s passenger vessels for an adventure of a lifetime!

There is a chance you may see whales, puffins, seabirds and icebergs. Discover the nautical wonders of this rugged coast.

Experience our famous tours that deliver a natural rush every time!

Come sail with us!

Shuttle Service: Please note that shuttle service will be provided from the Village Mall rear parking lot departing for Bay Bulls at 4 pm sharp.

Space is limited, to confirm your seat please RSVP to Wanda at 726-2961 ext.9 or email events@bot.nf.ca.

Where: O’Brien’s Whale & Bird Tours

Bay Bulls When: Thurs., July 7 Time: 4 – 7 p.m.

Cost: Included as a benefit of membership

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July 2011

Business News

When supply and service is critical to the job

Port ability matters.

Working on the East Coast of Canada can present its own unique challenges, and the Port of St. John’s is always ready with solutions that are both economical and efficient. We like to think of it as our port ability.

Our superb location is just one part of a growing transportation hub with advanced infrastructure and an unparalleled commitment to ensure that the Port of St. John’s remains one of the most accessible and flexible marine service centres in Canada. We have the largest and most advanced marine base in Atlantic Canada; world-class facilities capable of constructing and shipping subsea equipment; and, a state-of-the-art dockside Fluid Manufacturing Facility at Pier 17. The port is also home to the province’s only applied research organization exclusively dedicated to the oil and gas industry; as well as the province’s primary container terminal.

Check out our new web site:

www.sjpa.com

With all of this foremost in our minds, the Port of St. John’s understands that an efficient port should be able to adapt to the unique situations of its users.

THE ST. JOHN’S PORT AUTHORITY 1 Water Street, St. John’s, NL, Canada Tel: (709) 738-4782 / www.sjpa.com