Economic development releases 2012 budget

NANAIMO – $1.4 million of $1.84-million budget from city taxpayers.

The Nanaimo Economic Development Corporation released a balanced budget last week for its first full fiscal year.

The fledgling corporation, created early in 2011 and spearheaded by Nanaimo Mayor John Ruttan to streamline the city’s tourism and economic development departments, received total revenues of $1.84 million for 2012.

Just under $1.4 million of that came from Nanaimo taxpayers with the Regional District of Nanaimo, which joined as a stakeholder last winter, providing $125,000. Portions of contingencies make up the difference.

Leading expenses included wages at $559,959, which include earnings for departed CEO Susan Cudahy, who held her post for six months before departing in April. The CEO’s salary is $130,000 annually plus a $10,000 bonus.

Other wages include two full-time staff in the economic development division, and three full-time and five seasonal positions in the tourism division.

Collectively, staff benefits amount to $84,300.

Other key expense lines include $395,500 for tourism marketing and $273,000 for economic development marketing.

A.J. Hustins, chairman of the NEDC board, said tourism marketing is higher due to hard costs associated with tourism.

“The tourism division is responsible for managing two visitor centres and the new Northfield location in addition to marketing the city to visitors,” wrote Hustins in an e-mail to the News Bulletin. “Economic development markets the city and attracts new business, [and] many of those initiatives have costs associated with staff time rather than large marketing expenses, where tourism is both hard costs as well as staff time.”

Hustins added that the budget for tourism marketing is the same as prior to the NEDC’s creation, but some line items, such as the travel guide, hit twice for the inaugural budget. The travel guide shows an expense of $192,000, double what it will be in the future.

“Some of the tourism numbers are slightly higher this year than will be the norm moving forward,” said Hustins. “The travel guide is double [as are the revenues] with 2012 revenues and expenses hitting early in 2012 and the 2013 revenues and expenses will hit in the fall of 2012. Usually expense and revenues will hit the budget in the fall.”

The NEDC board, in conjunction with headhunting firm Pinton Forrest and Madden, is searching for a new CEO and is moving forward with a short-list of potential candidates.

 

reporter2@nanaimobulletin.com

Just Posted

Nanaimo author B.S. Thompson has released his debut novel, ‘The Book of Nodd.’ (Photo courtesy Nora Funk)
Nanaimo author invites readers into dangerous world of dreams in debut novel

B.S. Thompson unveils ‘The Book of Nodd’ with online launch June 20

Potters Virginia Dunseith and Ruth Porter present their joint exhibit ‘Dig It’ at Art 10 Gallery until the end of June. (Josef Jacobson/News Bulletin)
Potters show pieces for home and garden at Nanaimo’s Art 10 Gallery

Virginia Dunseith and Ruth Porter’s show ‘Dig It’ on display until end of June

Construction work continues on the City of Nanaimo’s new Fire Station No. 1 on Fitzwilliam Street. (News Bulletin file)
Next phase of borrowing approved as Nanaimo fire hall construction ongoing

City of Nanaimo CAO says construction on Fitzwilliam Street hall on schedule and budget

Nanaimo Fire Rescue firefighters at the scene of a single-vehicle crash on Tenth Street near Southside Drive on Sunday, June 13. (Greg Sakaki/News Bulletin)
Driver OK after crashing vehicle off the side of Nanaimo’s Tenth Street

Crews say wet roads a factor a crash Sunday, June 13

Emergency crews on scene of a two-car crash at the intersection of Cranberry Avenue and the Trans-Canada Highway on Sunday, June 13. (Greg Sakaki/News Bulletin)
Crash blocks Cranberry intersection in Nanaimo, no one injured

Incident blocks both southbound lanes of Trans-Canada Highway

Kelowna-Lake Country MLA Norm Letnick, assistant deputy speaker at the B.C. legislature, presides over committee discussions. The legislature is completing its delayed spring session this week, with most MLAs participating by video conference. (Hansard TV)
B.C.’s daily COVID-19 infections dip below 100 over weekend

Only 68 new cases recorded Monday, four additional deaths

Gabriola Island artist Sheila Norgate is promoting the Digital Innovation Group’s art impact survey. (File photo)
Vancouver Island artists get behind regional arts impact study

Artists urged to use their stature to help put arts and culture super-region on the map

The BC Ferries website went down for a short while Monday morning following a provincial announcement that recreational travel between health authorities can resume Tuesday. (Black Press Media file photo)
BC Ferries’ website crashes in wake of provincial reopening announcement

Website back up now, recreational travel between health regions to resume as of Tuesday

Darren Campbell’s truck (pictured) was stolen when he stopped to check on a car in a ditch on Cowichan Bay Road on Monday morning. (Facebook photo)
Vancouver Island Good Samaritan’s truck stolen in nasty trick

‘Try to be a Good Samaritan and my $20,000 truck gets stolen right under my nose’

The Kamloops Indian Residential School is photographed using a drone in Kamloops, B.C., Monday, June, 14, 2021. The remains of 215 children were discovered buried near the former school earlier this month. THE CANADIAN PRESS/Jonathan Hayward
Communities grapple with what to do with former residential and day schools

Some tear them down as a tool to help healing, others repurpose them as tools for moving forward

Creative handmade signs abound at the June 13 Tofino rally for old growth trees. (Nora O’Malley photo)
VIDEO: Tofino stands in solidarity for Fairy Creek Blockades

Over 150 supporters attend rally hosted by Friends of Clayoquot Sound

FILE – Provincial health officer Dr. Bonnie Henry talks about B.C.’s plan to restart the province during a press conference at Legislature in Victoria, Tuesday, May 25, 2021. THE CANADIAN PRESS/Chad Hipolito
B.C. watching U.K.’s COVID struggles but don’t think province will see similar pitfalls

Studies show that one dose of vaccine is only 33 per cent effective in preventing B.1.617.2 spread

RCMP Const. Shelby Patton is shown in this undated handout photo. RCMP say that Patton was hit by an allegedly stolen truck that he had pulled over on Saturday morning in Wolseley, east of Regina. THE CANADIAN PRESS/HO, RCMP
Pair charged in Saskatchewan Mountie’s death make first court appearance

Const. Shelby Patton was hit by an allegedly stolen truck that he had pulled over Saturday morning

Most Read