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REF NO.: 16

SUBJECT: Memorial University brings together the province’s stakeholders for think tank on growing the economy
DATE: Sept. 22, 2004

Memorial University is bringing together some of the province’s stakeholders in the fields of business, labour and government to discuss creative ways to boost the province’s economic forecast. Initially, all three levels of government and Regional Economic Development Boards (REDBs) in the province will gather to focus on the development of the economy in a series of four regional workshops taking place from Sept. 22-27. Finally, a provincial symposium titled, Growing the Economy of Newfoundland and Labrador will be held in Corner Brook, Oct. 4-5, 2004, to further discussions and bring together the results of the regional workshops.

Participation in both the regional workshop and symposium sessions is limited to forty people, to allow for maximum opportunity for dialogue and debate. Working sessions will identify priority actions to advance economic growth in the province. At the symposium presenters from the university, government and the private sector will report on key opportunities to mobilize economic growth. Presentations are intended to stimulate discussion and all participants are encouraged to contribute their ideas and, through their interaction in the symposium, generate new thinking for development in the province.

Memorial’s Centre of Regional Development Studies (CORDS) will produce a report on the results of all the sessions for release to the public in November.

Dr. Axel Meisen, president of Memorial University, said, “Memorial takes its responsibility to serve the social and economic needs of the province very seriously. Universities play a critical role in fostering innovation, research and development and the educated workforce necessary for sustainable economic growth and development.”

Dr. Robert Greenwood, director of CORDS, chairs the steering committee (see list attached) which planned the regional workshops and provincial symposium. Dr. Greenwood noted that “the university can play a critical facilitative role in bringing together the key stakeholders in the province. Commitment to excellence in research, teaching and outreach, enables Memorial to work with all stakeholders for the betterment of Newfoundland and Labrador.”

The symposium will be held at the Glynmill Inn in Corner Brook.

Regional Workshops and Provincial Symposium on Growing the Economy of Newfoundlandand Labrador

Organizations Represented on Steering Committee

§ Centre of Regional Development Studies (CORDS), Memorial University– Chair

§ Atlantic Canada Opportunities Agency (ACOA)

§ Department of Innovation, Trade and Rural Development (INTRD)

§ Newfoundlandand Labrador Federation of Labour (NLFL)

§ Newfoundlandand Labrador Federation of Municipalities (NLFM)

§ Newfoundland and Labrador Regional Economic Development Association (NLREDA)

§ Public Policy Research Centre (PPRC), Memorial University

§ Strategic Partnership Initiative Business Caucus

Symposium on

Growing the Economy of Newfoundlandand Labrador

October 4-5, 2004

Glynmill Inn, Corner Brook, NL

Monday, October 4

6:00 p.m. Registration, Reception

6:30 p.m. Welcome, Dr. Robert Greenwood, Director, Centre of Regional Development Studies, Memorial University, Symposium Chair

6:45 p.m. Danny Williams, Q.C., M.H.A., Premier

7:00 p.m. Supper

8:00 p.m. Axel Meisen, Ph.D., P.Eng., President and Vice-Chancellor, Memorial University, The Role of the University in Growing the Economy of Newfoundlandand Labrador

8:15 p.m. Bev Carter, Assistant Deputy Minister, Economics and Statistics Branch, Department of Finance, Government of Newfoundland and Labrador, Impacts of Demographic Change on Growing the Economy of Newfoundland and Labrador

9:00 p.m. Q&A / Discussion

9:30 p.m. Adjourn

Tuesday, October 5

8:30 a.m. Welcome, Dr. Robert Greenwood

8:45 a.m. Session 1: New Directions for Growth, Dr. Keith Storey, Head, Department of Geography, Memorial University, Session Chair

9:00 a.m. Dr. Wade Locke, Department of Economics, Memorial University, The New Economy – How Does Newfoundland and Labrador Measure Up? Co-author: Mr. Scott Lynch, Department of Economics, Memorial University

9:20 a.m. Dr. Tom Grandy, IBM Business Consulting Services and Dennis Hogan, Oceans Advance, Cluster Development in Newfoundland and Labrador: Lessons from the Marine Sector.

Co-authors: Kevin Clarke, Marine Institute and Ronald Newhook, CCMC, with Dr. Grandy; Bruce Colbourne and Kristi McBride, National Research Council Canada, with Dennis Hogan.

9:40 a.m. Mr. Alastair O’Rielly, Canadian Centre for Fisheries Innovation,

A Framework for Fisheries, Rural Development and Fiscal Responsibility: Dealing with the Reality

10:00 a.m. Q&A / Discussion

10:30 a.m. Session 2: Mobilizing New Directions

Mr. Mark Shrimpton, Principal, Jacques Whitford and Adjunct Professor, Geography Department, Memorial University, Session Chair

10:45 a.m. Dr. David Stewart, Vector Aerospace Chair for Irish Business Studies, Faculty of Business Administration, Memorial University, Using Foresight to Advance Sector Cluster Development in Newfoundlandand Labrador

11:05 a.m. Mr. Rick Comerford, Director General, Program Development and Delivery, Atlantic Canada Opportunities Agency, New Approaches to Collaborative Governance for Economic Growth in Newfoundland and Labrador

11:25 a.m. Mr. Bruce Templeton, Berkshire Securities Inc., Fostering a Culture of Risk Taking and Entrepreneurship in Newfoundland and Labrador. Co- author: Jim Templeton, Berkshire Securities Inc.

11:45 a.m Q&A / Discussion

12:15 p.m. Lunch

1:00 p.m. Panel: Priorities for Action in Growing the Economy of Newfoundland and Labrador: Regional Perspectives

Dr. Keith Storey, Chair

1:30 p.m. Break-outs: 4 groups

1) List 5 Priorities for Action in growing the economy of Newfoundland and Labrador

2) Who should lead the advancement of each Priority for Action?

3) What is the role for Memorial University in advancing each Priority for Action?

3:00 p.m. Break

3:30 p.m. Report Back / Discussion

4:30 p.m. Final Remarks / Adjourn, Dr. Robert Greenwood, Symposium Chair

5:00 p.m. News Conference

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