Annual Report 2018

Annual Report 2018

ECONOMIC DEVELOPMENT NZ

Our purpose

Supporting our members and NZ Inc
by providing quality, professional
services that are inspiring,
trusted, valued and bespoke.

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Contents

04 Welcome
06 Achievements at a glance
07 Governance review
8 Inclusive Growth
9 Annual Conference

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07 Governance Review 12 Submissions

A new membership structure has EDNZ has authored a number
led to a new Board structure of submissions in 2018. You can
find details of those below.

10 Membership 8 Inclusive Growth
11 Communications
12 Submissions EDNZ is committed to an inclusive growth
14 Award Winners agenda for Aotearoa. It has engaged in
16 Financial Report a number of initiatives that will promote
18 AGM Minutes inclusive growth wthin NZ.

and Agenda 14 Award Winners

Each year EDNZ hosts an annual
awards gala dinner to celebrate
achievements within the
profession.

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Welcome

A YEAR OF
ACHIEVEMENT
for EDNZ and
the profession

Warmest of welcomes

It is with a sense of pride and achievement that I present
the EDNZ 2018 Annual Report on behalf of the EDNZ
team.

2018 has proven to be a year of step change for EDNZ
and the profession it represents. In the following pages
we have shared with you the many steps on our journey
in 2018 that we believe have made a difference to our
community.

What that story won’t reveal is the tremendous dedication
and hard work that has gone on behind the scenes to
make that difference. So this is my chance, as Chair of
EDNZ to acknowledge those of you who have contributed
to another successful year.

To the outgoing Chair and Deputy Chair, Dr David Wilson
and Paul Casson, it is difficult to see how EDNZ would
have experienced such a renaissance over the past two
years without your contribution and leadership, on behalf
of the Board and members, a heartfelt thank you.

To those who have served on the Board and standing
committees, including our local conference committee
members: Northland Inc in 2018 and Marlborough District
Council in 2019, your contribution to the organisation has
been invaluable.

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To our CEO, who is our only permanent, full time employee.
Susan is tireless in her efforts on EDNZ’s behalf and has
successfully translated the Board’s dream into a reality,
thank you Susan.
To the new Board members who have stepped up to support
EDNZ as it continues its remarkable journey of growth and
rejuvenation and most importantly to our members who have
supported EDNZ throughout the year, without you it would
all be for nought.
Finally, a big thanks to those within government who have
supported us throughout the year.
It is said that ‘success has many parents” - we look
forward to EDNZ’s continued success and to growing the
numbers of those within our community that proudly claim
ownership of that success.

Pam Ford
Chair of EDNZ

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About Us

Our vision: To be highly valued
as the unique and authoritative
champion, partner and enabler

of economic development

Achievements at a glance

It has been a year of step change, with key elements of the EDNZ strategic plan achieved.

At the heart of that change lies the Provincial Growth Fund (PGF). It is thanks to the
PGF, that EDNZ has had the resources to launch a formal qualification for all economic
development practitioners throughout New Zealand.

Titled ‘Accreditation for Economic Developers’ (AcED), the qualification has been well
received with well over 170 professionals taking up the opportunity to join the World of
Learning and over 170 enrolments in courses.

Taught by exceptionally well qualified and talented learning facilitators the courses are
insightful, popular, well attended and, thanks to the PGF, very affordable.

EDNZ looks forward to celebrating those who complete the AcED at a graduation
ceremony in Blenheim on the 1st November.

30 Courses delivered
170 since launch between 1 April
4.25 and 30 June 2019

Courses booked
since launch between 1 April
and 30 June 2019

Learners evaluation of courses
delivered to date. 4.25 out of a
possible 5.

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Our values: We value excellence,
integrity and relevancy in all that
we do

Capacity Funding for the regions

EDNZ also made application to the PGF for capacity funding to support our regional development agencies
(RDA’s). That application was driven by the additional responsibiilties generated for the RDA’s by the identification
and delivery of PGF projects. During the course of the year the Government responded to that application by
announcing its intention to make $5.4m available to regional organisations engaged in PGF initiatives. A number
of our RDA’s have taken up the opportunity to access that fund and build capacity through their regions.

Memorandums of Understanding in consultation with members, EDNZ resolved to
implement a number of changes to its governance
EDNZ has forged stronger relationships with framework over the past year. Those changes included
Government and sister agencies around the globe. the redrafting of a new constitution, the development
In particular EDNZ is now part of the International of a Board manual and regulations, and the election
Economic Development Council’s Advisory Group and of a new Board in June/July 2019. The new Board
a Memorandum of Understanding has been developed will be made up of five regional development agency
with the UK based think tank, the “Royal Society for the representativs and four Associate members.
Arts” (RSA).
Thereafter EDNZ will conduct annual elections at which
The relationship with the RSA is proving exceptionally time one third of the Board will stand down, with the
productive, especially so in relation to the Inclusive option of nominating for re-election if they choose to
Growth Agenda within Aotearoa, more on this later. do so. The new Board will be more representative of
EDNZ’s new membership structure and will be installed
Governance Review during the course of the EDNZ annual conference later
this year.
Following a review of its governance model, and

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Achievements at a glance

INCLUSIVE GROWTH

Delivering
inclusive growth

Inclusive Growth EDNZ will continue its support Conference Powhiri at
of the Inclusive Growth Agenda Mahi Tahi 2018
Over the past year EDNZ has through the establishment of
been proactive in promoting an inclusive growth network,
an inclusive growth agenda for in collaboration with the Royal
Aotearoa. Society of the Arts (RSA).

Commencing with its national Our 2019 Conference will
conference in Northland and a continue the journey with a focus
subsequent Inclusive Growth on best practice delivery of
summit in Wellington, EDNZ inclusive growth.
has provided an opportunity for
decision makers to identify and
progress a distinctly NZ based
inclusive growth agenda.

Fletcher Tabuteau,
Parliamentary Under-
Secretary for Regional
Development, presenting
the 2018 Awards

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2018 Delegates attending the 2018 Conference -
conference: up from 130 in 2017 Mahi Tahi
230
100% of attendees believed the The EDNZ Conference Powhiri at the Treaty of
Value conference to be value for money is going from strength to Waitangi Marae and a
strength each year. glamourous Gala Awards
100 % Up from $1,178 in 2017 Dinner added up to a
Inspiring speakers, memorable conference
Surplus a brilliant venue in that scored highly with
beautiful Paihia, Bay of delegates and improved
$15,000 Islands, a moving on the previous year’s
statistics and revenue.

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Membership

Paid membership up
by 86 in 2018

Free membership in 2017

In 2017 EDNZ introduced its new membershp structure and invited all who attended the 2017 conference to take up the
offer of 12 months free membership. Whilst the free memberships have lapsed, many individuals have chosen to become
paid members of EDNZ and still more have joined the organisation.

The categories with a significant increase in 2018 was that of Associates, up from 4 organisations to 11. This category
includes agencies such as MBIE, NZTE, Councils and Consultants. And also individual membership up from 0 to 72 in
2018

Individuals Membership by Category

72

Associates 11

EDA/RDA 17

0 10 20 30 40 50 60 70 80

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Communications

Weekly newsletter

EDNZ has continued to communicate with members and
non-members on a weekly basis. The 2500 recipients of
the weekly newsletter are engaged and interested as can
be seen from the mailchimp generated graph below.

Mahi Tahi

Yet another initiative taken in 2018 was the launch
of a new professional journal. Written by economic
development professionals for economic development
professionals the journal is a response to conference
delegates who were keen to see more examples of best
practice in the months between conferences. Like the
weekly newsletter, the response from readers has been
very positive.

EDNZ website

The EDNZ website is under constant refresh in a bid to
keep the content new and engaging. The following
statistics for 2018 suggest that the website is well
patronised, 13,815 sessions, 35,624 page views and
7,970 users.

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Submissions in 2018

Throughout 2018
EDNZ has, despite its
limited resources, been
successful in making a
number of submissions.
The submissions are
informed by the views of
our members.

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Draft Tourism Aotearoa Proposed Living Standards Finance and Funding of
Strategy Dashboard Local Government

This submission was a result of calls from This submission was in response to This submission was in response to
MBIE for comment . it can be seen here ... the Treasury’s call for comment. The
the NZ Productivity Commission’s
submission can be seen here...
call for comment. The submission
can be seen here ...

Technology and the Future
of Work in NZ

This submission was in response to
the NZ Productivity Commission’s
call for comment. The submission

can be seen here ...

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Award winners in 2018

The 2018 EDNZ Awards
were a huge success with
entries up by over 100%
from the previous year.
We look forward to
seeing a similar increase
in nominations for the
2019 EDNZ Awards.

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2018 EDNZ Award Winners

Premier best practice award - ATEED for its Tripartite Business Programme
Best Practice in Collaboration - Smart Waikato for the Secondary Schools Employer Partnership

Best Practice in Inward Investment - Northland Inc for the Hawaiki Submarine Cable System
Best Practice for Sustainable Development, Northland Inc for the Extension 350 project
Best practice for Innovation - ATEED for DIGMYIDEA

Best practice for primary research - Enterprise North Canterbury for the Community Connector Project
Honorary Life Membership - Mr Stuart Trundle
Distinguished Service Award - Dr David Wilson
Commendations

Best practice collaboration - Matariki Strategy Governance Group for Project 1000
Best practice for Inward investment - Enterprise Great Lake Taupo for the Shed to Stock exchange initiative

Best practice for Innovation - CEDA for NZ AgriFood week
Distinguished Service - Pam Ford, ATEED

16 EDNZ is pleased to adv
development prog
2018 Financial Report
Our appointm
In 2017 and 2018 EDNZ invested h
heavily in the renaissance of the
organisation. Starting from a balance
sheet of $88,991 EoY in 2017 EDNZ
has now managed to build not just
our offering to members but also our
balance sheet.

The financial report will be provided at
the AGM.

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vise that it has achieved a surplus of in the year under report. The surplus is a result of our new continuous professional
gramme which has with the support of the provincial growth fund, proved an outstanding success, our growth in paid

membership subscriptions and a modest surplus from key events held throughout the year.
ment of a permanent and full-time CEO during the year under report has increased the ‘contractor’ expenses, but the return
has been exponential both in terms of the quality and diversity of membership offering and our end of year surplus.

It is intended that EDNZ will continue its commitment to reinvestment, specifically into the CPD programme
over the coming three years.

7/.

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2019 AGM

8 am, 1 November, 2019
Marlborough Convention Centre

1. Welcome
2. Previous Minutes
3. Annual Report
4. Financial Report
5. 2021 Conference
6. Appointment of Auditors -
7. Appointment of Accountants - Accounting Plus
8. General Business
i) Thanks to exiting Board members
ii) Meet the new Board members
iii) Hui’s planned in the regions for 2020

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2017 AGM Minutes - DRAFT

Present: Chair, Dr David, Wilson, Deputy Chair, Paul Casson, Mark Rawson, Heather Warwick, Steve Breen, Chris
Mackenzie, Linda Stewart, John Christie, Susan Houston,
Apologies: Stuart Trundle,

1. Previous Minutes endorsed.
2. Annual and Financial Report endorsed. Noted that the deficit was a result of a conscious decision to invest in the

renaissance of EDNZ; Mr Paul Casson.
3. 2020 Conference to be held in Palmerston North

4. Accounting Plus endorsed as AccountanTs
5. Grant Thornton endorsed as Auditors
6. General Business - none raised.
AGM closed.

Contact Us

// [email protected]
// 027 204 4715
// www.economicdevelopment.org.nz