Market Threshold Analysis Provided by: Economic Development Office City of Summerside, PEI 2009 Preface This report is an update of a Retail Market Study produced for the City of Summerside Economic Development Department in 2004. The previous report focused on the retail sector using both a Market Threshold Analysis and a Retail Market Analysis drawing on data from Statistics Canada “Small Area Retail Trade Estimates” for 2003. Since the publication of that report, Statistics Canada has ceased releasing data on retail sales at a local level (it was formerly available at the level of “Forward Sortation Areas” – the first three digits of the Canadian Postal Code). 2003 was the last year for which local area data was available. As a result this report uses a Market Threshold Analysis as a measure of business activity for Summerside. The analysis establishes the minimum threshold population for each type of business in the province (let us use a full service restaurant as an example) by dividing the total number of restaurants by the total provincial population to determine the number of persons served by each restaurant. This threshold population is used to determine the theoretical number of restaurants that the local market should be able to support and then compares this to the actual number to show whether a particular business type is over or under represented. In the case of Summerside we identified a significant opportunity for one or more new full service restaurants. The database used for the market threshold analysis is Statistics Canada’s “Business Patterns” database. It provides counts (number of establishments) for every type of business and is updated every six months. It covers the entire spectrum of businesses in the NAICS code (North American Industrial Classification System) not just retail establishments so we are able to extend our analysis to a broad range of services , both business and personal services. To make the analysis a little more manageable we have divided the business establishments into groups and will focus on the three most important: NAICS 44 & 45 – Retail Trade NAICS 51 to 56 – Business & Commercial Services NAICS 71 & 72 – Tourist, Entertainment and Recreation Services As with the previous study, our objective is to highlight gaps in the mix of business types in the Summerside marketplace as a guide to targeting the recruitment and business development programs of the City of Summerside and its many partners, the Summerside Regional Development Corporation, the Chamber of Commerce and Summerside Downtown Inc. Some sections of the earlier report have been repeated in this edition. In the “Background” there is a discussion of the economic theories underpinning this analysis. Also part of “Section 1” describing Summerside’s trading area is also repeated from the previous report. There has been very little population change between 2001 and 2006 (-0.3% for Summerside, +0.4% for the entire province) so the trade area boundaries should not have changed appreciably. City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. UNDERSTANDING HOW LOCAL MARKETS WORK Economic Base Theory Before launching into a discussion of the Market Threshold Analysis in this report, it would be helpful for the reader to be acquainted with some concepts that help explain how local markets function. One of the most commonly used models to describe the functioning of local marketplaces is Economic Base Theory. In this model local economies are comprised of both “Basic” and “Non-Basic” industries. “Basic” industries are those businesses and industries producing goods and services for markets outside the local economy. For example consider the export of agricultural products, resource industries, manufacturing and tourism. These are considered Basic industries because the revenue they derive from selling their products to customers outside the local economy represents “new money” that adds to the wealth circulating at home. Through their payroll and the local purchases of goods and services, basic industries stimulate the growth and development of other businesses in the local economy. “Non-Basic” industries are those that serve primarily local customers. They include most retail, personal and business services, health care providers, elementary and secondary education, etc. They are important to the local economy because they act to redistribute wealth within the community. It is quite common to find “Basic” elements in many “Non-Basic” industries. For example, to the extent that a local retailer (or any other business for that matter) manages to attract customers from outside the community - say for instance a tourist boutique, “big box” retailer, or a large car dealership - a portion of their business becomes “Basic”. Traditionally economic development programs have tended to focus on “Basic” industries for two fundamental reasons: 1. The growth of “Basic” industries is not constrained by the size of the local marketplace because these industries export most or all of their production. Assuming there is sufficient labour to meet production demands, there is no limit to how big a basic industry can grow. 2. “Basic” industries stimulate the growth of the community’s “Non-Basic” industries as a result of the “new money” they use to pay their employees and to purchase goods and services. Staunch adherents to Economic Base Theory argue that economic developers needn’t concern themselves with the retail and service businesses in the community because all other things being equal, the size of the retail sector (and other “Non-Basic” industries) will naturally find its own level based on the population of the marketplace. However things are not always equal and local markets seldom operate as efficiently as theories would suggest, especially in smaller communities that are subject to the leakage of retail dollars to larger regional centres. City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. One economist offered the following comment: "A standard interpretation of the economic base model is that exports and the income they inject into the local economy are all that really matter - they cause or enable all other economic activities. Income earned in export-oriented activities circulates through the local economy, putting people to work in locally oriented economic activities that provide the vast majority of jobs. The standard interpretation of the economic base model would dismiss a restaurant or recreational facility as derivative or secondary, .... [t]he alternative interpretation would say that such local economic activity absorbs and holds dollars longer in the local economy, increasing jobs and income. ... The economic base model should not be interpreted as meaning that only exports matter. Rather, export earnings interact with a particular local economy to determine the overall level of local economic activity. Both export earnings and the local economic structure matter. The internal logic of the economic base model has simply been misinterpreted." Power, Thomas Michael, (1996) Lost Landscapes and Failed Economies. Washington DC, Island Press A more dynamic model to help illustrate the functioning of a local economy is the “Leaky Bucket” analogy in which the economy is likened to a bucket, albeit a bucket with holes through which wealth leaks out to other markets. In this model the revenues generated by exporting businesses (along with payments from external sources, government transfers, investment income, etc.) raise the water level (wealth) in the bucket. Holes in bucket continually leak thereby lowering the water level (wealth). These holes include payments for raw materials used in the production of exported goods, consumer purchases of imported goods, taxes and other payments to outside institutions, retirement savings and investments by companies and individuals. The leaks prevent the community from growing to its full potential. City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. The salaries paid by local retailers and service providers are the chief mechanism for stirring the bucket. In this way, the benefits of healthy economic activity are distributed as widely as possible throughout the community. This too is an argument for economic developers to support the retail and service businesses in their community. The goal of economic development is to raise the water level (wealth) in the bucket. There are only two ways to do this: 1. Increase the flow of new wealth (water) into the community by attracting new investment and increasing exports. 2. Plug the leaks in the bucket through import substitution - filling gaps in the mix of retail and service businesses that cause consumers to go elsewhere for products and services. City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. UNDERSTANDING MARKET CONDITIONS IN SUMMERSIDE Profile of Summerside The City of Summerside (2007 census population 16,153) is the second largest center in Prince Edward Island (population 135,851) after Charlottetown (population 58,625). It is located at the narrowest point of land on the island and all east/west traffic to and from the western third of the island funnels through Summerside on Highway 2. City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. Politically the Island is divided into three counties; Prince, Queens and Kings Counties. Summerside is the retail and commercial centre for all of Prince County. With the exception of the Town of Kensington which is less than 1/10th the size of Summerside, Prince County is comprised of small villages and hamlets, most with populations of only a few hundred persons. A simple technique for determining the trading area of a community was developed by William J. Reilly and published in 1931 under the title “Reilly’s Law of Retail Gravitation”. Reilly developed a formula similar to that for determining gravitational forces in physics to calculate the point at which customers will be drawn to one community or another in the competition for retail dollars. • “Reilly's Law of Retail Gravitation is a theoretical means of trade area definition. It is based on the premise that people are attracted to larger places to do their shopping, but the time and distance they must travel influences their willingness to shop in a given city. In other words, people are more likely to travel shorter distances when possible. Additionally, customers are more likely to shop in larger communities, as they provide a greater opportunity for goods and services.” – Source: Center for Community Economic Development - University of Wisconsin This is the formula created by Reilly to determine the distance people would be expected to travel for their retail shopping. It depends very much on what they intend to purchase. For example most people will only travel around the block for convenience items (bread or milk) however they will travel considerable distances when comparison shopping for clothes, a new car, furnishings or when on “a shopping trip” for a range of items. A map plotting distances from Summerside using Reilly’s Formula provides an outline of the Trade Area Boundary for the City of Summerside. The Trade Area for Summerside effectively covers most, if not all, of Prince County. City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. Summerside Trade Area Boundary Calculated using “Reilly’s Law of Retail Gravitation” SSt.t. Felix Felix Tignish Tignish SShore hore Miminegash Miminegash Greenmount-Montrose Greenmount-Montrose Alberton Alberton Northport Northport O'Leary O'Leary Gulf Gulf of of St. St. Lawre Lawrence nce Lot Lot 11 11 and andArea Area Lady Lady SSlipper lipper Tyne Tyne Valley Valley Richmond Richmond Abrams Abrams Village Village Wellington Wellington Malpeque Malpeque Bay Bay Central Central Lot Lot 16 16 North North Rustico Rustico Kensington Kensington SSt.t. Nicholas Nicholas Linkletter Linkletter Summerside Summerside Breadalbane Breadalbane Bedeque Bedeque Kinkora Kinkora Hunter Hunter River River Darlington Darlington Hampshire Hampshire Borden-Carleton Borden-Carleton Kingston Kingston Warren Warren Grove Grove The 2004 Study for Summerside established the following. Summerside Highlights • Summerside has 11.8% of PEI’s population however retail sales (in 2003) were almost $200 million, representing 16.3% of the province’s total. • While Summerside is only one-third (36.2%) Prince County’s population, it generates more than half (55.7%) of its’ total retail sales. • There is an estimated leakage of 10% of total retail sales (approximately $40 million) from Summerside and Prince County. Residents routinely make shopping trips to Charlottetown and across the Confederation Bridge to Moncton, New Brunswick. City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. Demographic Profile Another important consideration in a Market Study is the demographic profile of residents of the local marketplace. The age profile has been plotted for both Summerside and PEI residents based on the 2006 Census. The significance of the “Baby Boom” is clearly evident. The “55 to 59” age group is the leading edge of a bulge in the population graph that extends for 20 years. The “Bust” is the dramatic drop in the birth rate that occurred during the 1970’s. The “Baby Boom Echo” represents the children of the “Baby Boomers” born since 1985. Although there was a decline in the fertility rate among “boomer” (they were having fewer children) the sheer numbers of “baby boom” women in their child-bearing years raised the number of births during this period. Demographic Profile of Summerside Age Cohorts as % of Total Population - Source: 2006 Census Summerside PEI Median Age Summerside – 41.3 years Prince Edward Island – 40.8 years 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 0 to 4 5 to 9 10 to 15 to 20 to 25 to 30 to 35 to 40 to 45 to 50 to 55 to 60 to 65 to 70 to 75 to 80 to 85 + 14 19 24 29 34 39 44 49 54 59 64 69 74 79 84 Note the slightly higher incidence of seniors (65+ years) in Summerside than the province as a whole. This will have subtle implications for the buying patterns of Summerside residents. City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. Household Size & Income – Summerside & Prince County Selected Household Characteristics Summerside Total private households - Summerside Households containing a couple (married or common-law) with children Households containing a couple (married or common-law) without children One-person households Other household types Average household size Median income in 2005 - All private households Median income in 2005 - Couple households with children Median income in 2005 - Couple households without children Median income in 2005 - One-person households Median income in 2005 - Other household types Median monthly payments for rented dwellings Median monthly payments for owner-occupied dwellings Composition of Income in 2005 Persons 15 years and over with income (counts) Composition of total income (100%) Earnings - As a % of total income Government transfers - As a % of total income Other money - As a % of total income PEI 6,580 1,645 25.0% 53,135 15,710 29.6% 2,060 31.3% 16,390 30.8% 1,685 1,195 2.4 $42,300 $68,842 $51,659 $20,415 $36,958 $630 $717 25.6% 18.2% 12,820 8,210 2.5 $46,553 $68,476 $53,400 $20,928 $38,138 $620 $652 24.1% 15.5% Summerside PEI 12,540 100.0% 68.0% 19.4% 12.6% 106,405 100.0% 69.8% 17.8% 12.3% Source: Statistics Canada – 2006 Census Community Profile City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. The differences in household characteristics and incomes between Summerside and the province are not significant. Note there is a slightly higher instance of childless couples in Summerside and a slightly lower instance of income derived from Earnings (employment). Overall the average income for all households is $4,253 less in Summerside than for the Province. Selected Household Characteristics Total private households - Prince County Households containing a couple (married or common-law) with children Households containing a couple (married or common-law) without children One-person households Other household types Average household size Median income in 2005 - All private households Median income in 2005 - Couple households with children Median income in 2005 - Couple households without children Median income in 2005 - One-person households Median income in 2005 - Other household types Median monthly payments for rented dwellings Median monthly payments for owner-occupied dwellings Composition of Income in 2005 Persons 15 years and over with income (counts) Composition of total income (100%) Earnings - As a % of total income Government transfers - As a % of total income Other money - As a % of total income Prince County 17,280 5,230 PEI 30.2% 53,135 15,710 29.6% 5,660 32.7% 16,390 30.8% 3,855 2,540 2.5 $44,486 $64,786 $48,753 $19,448 $37,202 $600 $593 22.3% 14.6% 12,820 8,210 2.5 $46,553 $68,476 $53,400 $20,928 $38,138 $620 $652 24.1% 15.5% Prince County PEI 34,535 100.0% 67.7% 21.5% 10.8% 106,405 100.0% 69.8% 17.8% 12.3% Source: Statistics Canada – 2006 Census Community Profile Prince County, Summerside’s Trade Area has a higher instance of children in the household, higher than either Summerside or PEI. The average income for all households falls between that of Summerside and PEI. Housing costs are less in the county ($593 for owner-occupied dwellings) than in Summerside ($717) or across the Province ($652) as a whole. Lower housing cost leaves more disposable income in the hands of homeowners for discretionary spending. City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. The Census figures suggest that there are slightly more retired people in Summerside and Prince County living on their investments and drawing pensions. This aging of the marketplace will have an impact on shopping and personal service patterns in Summerside, similar to those being felt across North America. In spite of the recession and its effect on retirement savings, the following quotes highlight the changes we can expect in the marketplace. "The absence (or presence) of children in the home has a dramatic impact on the buying habits of the household. A household without children simply has more discretionary income. They can spend more on cars, clothes, dining, travel, entertainment or investing.” Bob Jordan, International Demographics Inc., Texas “Boomers will seek a quieter life and will demand quality and service - and they are prepared to pay for it”. Dr. David Foot University of Toronto “Try defining the 50-plus market and you’ll miss by a mile. They are disparate, demanding, self-indulgent - as unique and varied as any other demographic. And powerful. This market is huge and controls enormous wealth. They own three-quarters of all financial assets and account for half of all discretionary spending power. They are not brand loyal. Not over the hill. Certainly not sedentary. Instead, they are spenders, travelers, investors, diners, decorators. They have the money for the good life and feel entitled to live it. And why not? They’ve earned it.” 50 Plus Magazine – CARP (Canadian Association of Retired Persons) City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. Statistics Canada has provided a breakdown of average household expenditures for PEI to show the pattern of household expenditures. For comparison purposes we have included the same breakdown for Nova Scotia. Prince Edward Island Nova Scotia Average Households Average Households Expenditure Reporting Expenditure Reporting Per Per Household Household Total Expenditure $ 55,574 100.0% $ 59,987 100.0% Total Current Consumption $ 40,992 100.0% $ 44,145 100.0% Food $ 6,629 100.0% $ 6,640 100.0% Shelter $ 10,137 100.0% $ 10,815 100.0% Household Operation $ 3,097 100.0% $ 3,304 99.8% Household Furnishings & Equipment $ 1,424 85.0% $ 1,784 95.5% Clothing $ 2,112 99.4% $ 2,412 98.5% Transportation $ 8,039 97.3% $ 8,820 97.3% Health Care $ 1,994 97.5% $ 1,868 98.5% Personal Care $ 1,027 100.0% $ 1,048 99.9% Recreation $ 3,019 97.5% $ 3,329 97.8% Reading Materials & other Printed Matter $ 250 78.7% $ 249 77.5% Education $ 797 31.0% $ 1,055 31.9% Tobacco Products & Alcoholic Beverages $ 1,474 84.0% $ 1,628 83.6% Games of Chance (Net Amount) $ 195 54.6% $ 253 55.9% Miscellaneous $ 727 89.8% $ 939 90.5% Personal Income Taxes $ 9,504 92.5% $ 10,585 88.2% Personal Insurance & Pension Contributions $ 3,694 86.0% $ 3,550 82.0% Gifts of Money & Contributions $ 717 87.3% $ 1,708 83.1% Source: Statistics Canada – CANSIM Table 203-0001 – last modified 2008-12-22 Average Household Expenditures Year 2007 Prince Edward Islanders spend slightly less overall ($4,413) than householders in Nova Scotia. In fact households on Prince Edward Islander spend slightly less in every category except Health Care and Personal Insurance & Pension Contributions which cost them $126 and $144 more per year respectively. Some of the major differences are found in: Shelter Transportation Personal Income - $678 less - $781 less - $1,081 less The difference in personal incomes taxes paid is a bit of a puzzle. Statistics Canada reports that Median Household Income in PEI is $54,800, slightly less than that for Nova Scotia’s $55,412 but the difference is not enough to account for the more than $1,000 difference in taxes paid. This is especially significant when one compares provincial tax rates. PEI provincial income tax rates are higher than Nova Scotia. Both jurisdictions use a graduated tax rates although with different rates and different thresholds. We did a sample calculation on a net income of $55,000 and the found the rate for PEI to be higher ($6,310) than that for Nova Scotia ($5,929). City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. IDENTIFYING MARKET OPPORTUNITIES Market Threshold Analysis A Market Threshold Analysis is a technique used to measure the extent to which the complete range of business establishments are over or under represented in the local marketplace. The analysis begins with a determination of the threshold population required to support each business category at a provincial level and then, based on the community’s population, determines how many businesses of each type the community should theoretically be able to support. The formula for the analysis is very simple. The data set used is Statistics Canada’s Business Pattern Data - December 2008. The Business Pattern Data reports the number of active businesses (those filing corporate tax returns and those with a payroll) in the community organized by NAICS code. The data is available at the 6 digit NAICS code for all businesses categories so we are able to extend this analysis to include the full range of commercial and personal service businesses in the community. At the 6 digit level of the NAICS Code there are 927 different business categories. 314 categories with a "nil" response for PEI were eliminated to make the tables more manageable. Market Threshold Analysis Formula Step 1 (Number of Business Establishments (of each type) in Province / Provincial Population) = Threshold Population per Business (of each type) Step 2 (Threshold Population per Business (of each type) / Community Population) = Theoretical Number of Establishments (of each type) the community can support Step 3 (Theoretical Number of Establishments – Actual Number of Business Establishments) = Surplus/Deficit Number of Businesses (of each type) The threshold population (number of people) per establishment differs dramatically for different types of retail and service businesses. For example, 27,170 persons are needed to support a department store in PEI however a restaurant requires a market of only 918 persons. Cautions Interpreting the Data A Market Threshold Analysis calculates the average number of persons per establishment type at the provincial level and blindly applies this number to the local population to arrive at the number of businesses the community should theoretically be able to support. It does not consider the size of individual establishments nor does consider other characteristics of the local marketplace such as demographic profile, income level or the level of spending for particular products or services in the community. Due to the small sample size, a small error in the number of establishments reported in the Business Pattern Data can have a significant impact on the results. Some discrepancies have already been drawn to our attention. City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. It has already been established that that the Trade Area Boundaries for Summerside cover virtually all of Prince County. Therefore in our opinion any gaps identified in the County analysis represent potential targets for business development initiatives in Summerside. Top 25 Under-Represented Businesses in Summerside/Prince Based on Dec. 2008 Location Counts for PEI, Prince County and Summerside Source: Statistics Canada Business Pattern Data - 2009 PEI Prince County Threshold Number Surplus/ National Industries (6-Digit NAICS) Population Locations Deficit Computer Systems Design & Related Services 1,509 12 -17 Offices of Physicians 1,014 30 -14 Full-Service Restaurants 912 35 -14 Admin. Management & General Management Consulting Services 1,764 13 -12 Portfolio Management 2,123 10 -11 R&D - Physical, Engineering & Life Sciences 5,907 0 -8 Motion Picture & Video Production 5,032 2 -7 Plumbing, Heating & Air-Conditioning Contractors 1,181 31 -7 Housekeeping Cottages & Cabins 2,426 12 -6 Electrical Contractors & Other Wiring Installation Contractors 1,598 22 -6 General Freight Trucking, Local 2,156 15 -6 Bed & Breakfast 3,672 7 -5 Engineering Services 3,483 8 -5 Sporting Goods Stores 5,907 3 -5 Golf Courses and Country Clubs 4,852 5 -4 Food Service Contractors 6,793 3 -4 Roofing Contractors 5,907 4 -4 Drywall and Insulation Contractors 4,685 6 -3 Architectural Services 13,585 0 -3 Passenger Car Rental 10,450 1 -3 Veterinary Services 7,150 3 -3 Flooring Contractors 4,852 6 -3 Motor Hotels 15,095 0 -3 Hobby, Toy and Game Stores 7,547 3 -3 RV Parks and Campgrounds 7,991 3 -3 Summerside Number Surplus/ Locations Deficit 7 18 13 -4 2 -5 5 2 -4 -6 0 0 -3 -3 9 2 -5 -5 9 5 1 3 2 0 1 1 5 0 1 1 2 0 1 1 -1 -2 -3 -2 -1 -3 -1 -2 2 -1 -1 -1 -1 -1 -1 -1 The complete NAICS Code lists 927 separate business categories. To help make the analysis more manageable we have omitted 314 categories for which there was a “nil” response for PEI and have further discarded categories of limited interest (example agricultural, resource and manufacturing businesses) and those which in the opinion of the consultant were not appropriate targets for attention. Not all of these City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. identified gaps in Prince County represent reasonable targets for the City of Summerside. Judgment must be exercised in drawing conclusions from this calculation about the real market potential for new business establishments in Summerside. For example RV Parks and Campgrounds, Housekeeping Cottages & Cabins are not generally found in urban areas. The analysis suggests that Prince County is short 14 Physicians however Summerside reportedly has a surplus of 2. This is understandable. Physicians serving the population of the County would tend to locate their practice in a central location like Summerside to be close to the hospital and other medical services. Business and Commercial Services – NAICS 51/56 Almost one third of the top twenty-five business categories highlighted in the analysis are in Business & Commercial Services and most of these fall into the cluster of “knowledge-based” business services referred to as Creative Industries by Dr. Richard Florida the best-selling author of the “Rise of the Creative Class”. 541510 - Computer Systems Design 541611 - Management Consultants 523920 - Portfolio Managers 541710 - Research & Development 512110 - Film & Video Production 541330 - Engineering Services 541310 - Architectural Services 541990 - Veterinary Services Prince County Deficit -17 -12 -11 -8 -7 -5 -3 -3 If we go deeper into the data and look at other business categories in the NAICS 51-56 group - Business and Commercial Services - we see additional deficits in knowledge-based industries: Deficit of 2 – Prince County Deficit 511210 - Software Publishers 524210 - Insurance Agencies and Brokerages 541410 - Interior Design Services 561420 - Telephone Call Centres City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. Deficit of 1 – Prince County Deficit 511120 - Periodical Publishers 515110 - Radio Broadcasting 517111 - Wired Telecommunications Carriers (except Cable) 517210 - Wireless Telecommunications Carriers (except Satellite) 518210 - Data Processing, Hosting and Related Services 522111 - Personal and Commercial Banking Industry 523110 - Investment Banking and Securities Dealing 523120 - Securities Brokerage 531320 - Offices of Real Estate Appraisers 541215 - Bookkeeping, Payroll and Related Services 541340 - Drafting Services 541430 - Graphic Design Services 541612 - Human Resources Consulting Services 541620 - Environmental Consulting Services 541690 - Other Scientific and Technical Consulting Services 541810 - Advertising Agencies 541850 - Display Advertising 541899 - All Other Services Related to Advertising 541910 - Marketing Research and Public Opinion Polling 541920 - Photographic Services 561110 - Office Administrative Services 561310 - Employment Placement Agencies/Executive Search Services 561320 - Temporary Help Services 561410 - Document Preparation Services 561611 - Investigation Services Dr. Florida’s research has stimulated much discussion in economic development. He has shown that the so called “creative jobs” represent an ever-increasing proportion of the labour force - currently accounting for approximately one third of all jobs. Economic developers who previously concentrated on manufacturing and other basic industries have been struggling with ways in which to influence this new crop of job creating businesses who seem to ignore typical location criteria of cheap land and low cost labour and energy, etc. City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. Tourist, Culture & Entertainment Services - NAICS 71 & 72 We have selected the tourism sector as the next to be analyzed because tourist serving establishments are “Basics Industries” (see the section on Economic Base Theory at the beginning of this report). Their growth is not constrained by the size of the local market and because they serve customers outside the local marketplace (or have the potential to do so) they can be wealth creators for the community. Seven of the Top 25 Opportunities in our analysis fall into the category of Tourism Services with “Full Service Restaurants” having the greatest prominence. This category also featured prominently in the 2004 study and we know that at least one new restaurant (Boston Pizza) was established in Summerside on the strength of that report. Prince County Deficit 722110 - Full Services Restaurants -14 721192 - House Keeping Cottages & Cabins -6 721191 - Bed & Breakfast -5 713910 - Golf Courses & Country Clubs -4 722310 - Food Service Contractors -4 721112 - Motor Hotels -3 721211 - RV Parks & Campgrounds -3 Digging Deeper 721113 - Resorts 713110 - Amusement & Theme Parks 721114 - Marinas 721213 - Recreational & Vacation Camps 721114 - Motels -2 -2 -2 -2 - 2 (Summerside + 3) The analysis highlights every form of accommodation except category “721111 - Hotels” which in Prince County was even and Summerside reported a surplus of 4. While the analysis highlights the lack of Full Service Restaurants, Summerside seems to be very well served by “Limited Service Eating Places” of which there are reportedly 23 with a surplus of 5 over theoretical capacity. City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. Conclusions From the market Threshold Analysis we find the greatest gaps in the array of businesses in Summerside and Prince County to be in the Business and Commercial Services group and that many of those fall into the category of knowledge-based businesses. Obviously Summerside will face competition from Charlottetown on the location of business services and this will be a significant challenge in marketing Summerside as a location for the establishment of new service businesses. The Holman Centre for International Innovation is a relatively new and significant piece of infrastructure that has been added to Summerside’s marketing package. A great many of the opportunities identified in this report would make welcome additions in the Holman building. The notion of Creative Industries first described by Dr. Richard Florida has become the focus of study for many economic developers. The Ontario government commissioned a study by Roger Martin, Dean of the Joseph L. Rotman School of Management at the University of Toronto and Richard Florida, who recently accepted the position of Director of the Martin Prosperity Institute at the Rotman School. The two researchers were to look at the changing composition of Ontario's economy and workforce and to provide recommendations on how Ontario can ensure its economy and people remain globally competitive and prosperous. The report entitled “Ontario in the Creative Age” was released on February 5th 2009. While the analysis and recommendations were specific to Ontario, the context in which the report was prepared is common to all of North America Quoting from the report: “The current economic transformation is as big and as challenging as the transformation from agriculture to industry. Our economy is shifting away from jobs based largely on physical skills or repetitive tasks to ones that require analytical skills and judgment. This shift is also evident in the long-term trend away from employment in goods-producing to service industries, from occupations that depended on physical work to produce goods to ones that provide service and rely on creativity. The change is inexorable. We cannot turn away from it; nor can we slow it. The clock of history is always ticking. Competitive advantage and prosperity will go to those jurisdictions that can best prepare themselves and adapt to this long-run trend. We must embrace it and act in ways that create a distinctive advantage for the province and ensure our long-term prosperity.” According to Florida, "Routine-oriented occupations that draw primarily on physical skills or abilities to follow a set formula can be done more cheaply in emerging economies and will have trouble surviving in advanced economies." It was noted that the report was released in the middle of one of the deepest recessions experienced in North America. "It's fair to say that none of us saw the current economic upheaval coming and that we are releasing our report today in a much different environment than when we started," said Martin. "But the current upheaval only accentuates longer-term trends being faced by Ontario and all advanced economies." City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. Technology has made knowledge-based businesses very footloose from a site selection perspective. The owner/operators of these businesses are increasingly locating in communities they find attractive and communicating with their clients using the internet and email. “Quality of Place” has now become a site location criterion for many knowledge-based businesses. A critical element for creative industries is the ability to attract the talented individuals they need to staff their organizations. If there are insufficient numbers of appropriately skilled workers in the local labour pool, the operator must be confident they can be attracted to new job opportunities. The typical profile for entry level workers in creative industries is post secondary degree/diploma holders in their mid 20’s. The baby-boom echo in Summerside’s demographic profile shown on the following graph suggests a substantial number of young people in Summerside and PEI are “coming of age” in this cohort (Note we are three years past the 2006 Census) releasing a new wave of workers into the labour force. Demographic Profile of Summerside Age Cohorts as % of Total Population - Source: 2006 Census Summerside PEI Median Age Summerside – 41.3 years Prince Edward Island – 40.8 years 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 0 to 4 5 to 9 10 to 15 to 20 to 25 to 30 to 35 to 40 to 45 to 50 to 55 to 60 to 65 to 70 to 75 to 80 to 85 + 14 19 24 29 34 39 44 49 54 59 64 69 74 79 84 City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. In Summerside this age cohort (25 to 34) is well educated. 26% have completed high school, 7% have a skilled trade, 30% hold a college diploma and almost 20% possess a university degree. Note: Statistics Canada’s use of the labour force definition of all persons aged 15 to 64, under reports the education attainment of Canada’s workers because persons aged 15 to 21 have not yet had a chance to complete their education. Also older workers, those approaching retirement age, usually have less education than younger workers because it wasn’t required when they started their careers. Educational attainment Summerside Total population 15 years and over 13,060 3,825 3,375 1,345 2,710 445 1,365 2,100 830 835 85 190 10 150 No certificate; diploma or degree High school certificate or equivalent Apprenticeship or trades certificate or diploma College; CEGEP or other non-university certificate or diploma University certificate or diploma below the bachelor level University certificate; diploma or degree Total population aged 15 to 24 No certificate; diploma or degree High school certificate or equivalent Apprenticeship or trades certificate or diploma College; CEGEP or other non-university certificate or diploma University certificate or diploma below the bachelor level University certificate; diploma or degree Total population aged 25 to 34 No certificate; diploma or degree High school certificate or equivalent Apprenticeship or trades certificate or diploma College; CEGEP or other non-university certificate or diploma University certificate or diploma below the bachelor level University certificate; diploma or degree Total population aged 35 to 64 No certificate; diploma or degree High school certificate or equivalent Apprenticeship or trades certificate or diploma College; CEGEP or other non-university certificate or diploma University certificate or diploma below the bachelor level University certificate; diploma or degree Source – Statistics Canada 2006 Census Community Profile City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca PEI 39.5% 39.8% 4.0% 9.0% 0.5% 7.1% 110,205 29,235 28,245 11,245 21,765 4,190 15,530 18,545 7,460 7,230 575 1,580 345 1,350 1,770 250 465 125 535 14.1% 26.3% 7.1% 30.2% 15,175 1,810 3,815 1,220 4,515 11.9% 25.1% 8.0% 29.8% 50 345 2.8% 19.5% 405 3,410 2.7% 22.5% 24.3% 23.4% 12.6% 24.2% 4.3% 11.0% 57,640 11,780 13,420 7,365 13,210 2,520 9,345 20.4% 23.3% 12.8% 22.9% 4.4% 16.2% 6,680 1,625 1,565 840 1,615 290 735 29.3% 25.8% 10.3% 20.8% 3.4% 10.5% 26.5% 25.6% 10.2% 19.7% 3.8% 14.1% 40.2% 39.0% 3.1% 8.5% 1.9% 7.3% Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. Although we don’t have a breakdown of the field of study for the 25 to 34 age group, based on the overall labour force (15 years and over), 12% has a business background, 10% has an engineering or architectural background. Surprisingly only 1% of the population has studied mathematics or computer sciences. Major field of study Summerside Total population 15 years and over No postsecondary certificate; diploma or degree Education Visual and performing arts; and communications technologies Humanities Social and behavioural sciences and law Business; management and public administration Physical and life sciences and technologies Mathematics; computer and information sciences Architecture; engineering; and related technologies Agriculture; natural resources and conservation Health; parks; recreation and fitness Personal; protective and transportation services Other Source – Statistics Canada 2006 Census Community Profile 13,060 7,195 480 90 215 410 1,570 135 155 1,370 90 900 450 0 55.1% 3.7% 0.7% 1.6% 3.1% 12.0% 1.0% 1.2% 10.5% 0.7% 6.9% 3.4% 0.0% PEI 110,205 57,475 4,390 1,125 2,655 4,175 13,815 1,660 1,550 10,465 1,520 7,845 3,520 0 52.2% 4.0% 1.0% 2.4% 3.8% 12.5% 1.5% 1.4% 9.5% 1.4% 7.1% 3.2% 0.0% The City of Summerside and its partners, Summerside Regional Development Corporation and PEI Business Development Inc. are currently conducting a marketing campaign to attract potential tenants for the Holman Building in downtown Summerside. The current campaign is aimed at companies in the “EHealth Sector” a rapidly growing sub-sector of the knowledge-based industries that transcends computer systems development and life sciences. The Holman Building is a 100,000 square foot building built in 1857 owned by the Summerside Regional Development Corporation. It has been totally restored to provide attractive open brick with post and beam construction and a fully wired with fibre-optic cable, network cabling and uninterruptable power supply needed by technology dependant companies. It is now being marketed as Holman’s International Innovation Centre – a perfect fit for the opportunities identified in this report. City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. APPENDICES Establishing the Provincial Market in PEI Before studying market opportunities in Summerside it is important to understand the market in PEI. Statistics Canada has provided us with a summary of the 2007 operating characteristics for retail establishments in PEI for the year 2007. This includes the total operating revenues for all retailers in the province as well as operating costs and cost of goods sold. From this Statistics Canada calculated gross margins for different types of retail operations. Retail Operating Statistics 2007 – Prince Edward Island Note: Gross Margin = Operating Revenues – Cost of Goods Sold Store Type New Car Dealers Operating Revenues Operating Costs Cost of Goods Sold Gross Margins $252,576,000 29,628,000 217,322,000 14.0% Used & RV & Parts Dealers $89,501,000 X 66,712,000 25.5% Furniture Stores $15,375,000 4,832,000 10,193,000 33.7% Home Furnishings $14,725,000 5,000,000 X X $4,797,000 826,000 3,867,000 19.4% $29,366,000 5,773,000 21,161,000 27.9% $138,323,000 31,910,000 100,859,000 27.1% 65,444,000 237,777,000 24.2% Computer & Software Stores Home Electronics & Appliances Home Centres & Hardware Stores Building Materials & Garden Stores Supermarkets Pharmacies & Personal Care Gasoline Stations Data Suppressed $314,057,000 Data Unreliable $241,524,000 31,838,000 208,566,000 13.6% Clothing Stores $54,856,000 22,297,000 28,385,000 48.3% Shoe, Accessories & Jewellery $13,895,000 6,054,000 7,170,000 48.4% Sporting Goods, Hobby and Books Department Stores & other General Merchandise Miscellaneous Retail Stores $30,328,000 11,090,000 17,450,000 42.5% $158,286,000 38,384,000 109,367,000 30.9% $50,970,000 19,489,000 29,631,000 41.9% Source: Statistics Canada CANSIM Table 080-0011 - Date 2009-03-30 City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. We have also been provided with monthly sales data for all retail establishments in the Province and location counts (numbers of establishments recorded each month) for the period January 2007 to March 2009. This data has proved to be very helpful in tracking the seasonal variations in retail sales and in providing us with an estimate of the average monthly and annual sales per retail establishment. Retail Sales in PEI 2007 & 2008 ($000) 2007 NAICS Description 441 PEI Total Sales 2008 Avg. Sales / Location PEI Total Sales Avg. Sales / Location % Chng / Location -7.2% -1.3% Motor Vehicle and Parts Dealers $304,070 $3,022 $302,127 $2,805 44111 44112 44121 New Car Dealers Used Car Dealers Recreational Vehicle Dealers $255,516 x x $10,064 $9,934 x x $247,167 x x x x x x 44122 x x x x x 44131 44132 442 Motorcycle, Boat & Other Motor Vehicle Dealers Automotive Parts & Accessories Tire Dealers Furniture & Home Furnishings x x x x x x x x x x 44211 44221 44229 443 Furniture Stores Floor Covering Stores Other Home Furnishings Stores Electronics and Appliance Stores 44311 44411 44412 44413 44419 44421 44422 445 Appliance, Television & Other Electronics Stores Computer and Software Stores Camera & Photographic Supplies Building Material and Garden Equipment Dealers Home Centres Paint and Wallpaper Stores Hardware Stores Other Building Material Dealers Outdoor Power Equipment Stores Nursery and Garden Centres Food & Beverage Stores 44511 44512 44521 44522 44523 44529 Grocery (except Convenience) Stores Convenience Stores Meat Markets Fish and Seafood Markets Fruit and Vegetable Markets Other Specialty Food Stores 44312 44313 444 City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca $28,703 $779 $31,937 $884 $15,925 $1,593 $19,238 $1,771 x x x x 13.4% 11.2% x $9,214 $32,191 $399 $966 $10,249 $35,418 $475 $1,122 $29,468 $1,307 $33,170 $1,552 19.1% 16.1% 18.7% $2,721 $253 $2,247 $222 -12.2% $3,674 x $181,473 x $181,289 $120,984 x $12,512 x x x $438,494 $329,556 x x x x x x $6,659 x $1,329 x x x $3,046 $7,251 x x x x x $118,531 x $12,430 x x x $459,624 $342,923 x x x x x x x $3,828 4.2% $6,858 3.0% x x $1,443 x x x 8.6% x x x $3,398 11.5% 15.1% $8,349 x x x x x x x x x x Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. 44531 446 44611 44612 x $115,476 $101,269 x x 44613 44619 Beer, Wine and Liquor Stores Health & Personal Care Stores Pharmacies and Drug Stores Cosmetics, Beauty Supplies & Perfume Optical Goods Stores Other Health & Personal Care Stores x x 447 44711 44719 448 Gasoline Stations Gas with Convenience Stores Other Gasoline Stations Clothing & Clothing Accessories $220,729 $83,694 $137,037 $67,847 44811 44812 44813 44814 44815 44819 44821 44831 44832 451 Men's Clothing Stores Women's Clothing Stores Children's & Infants' Clothing Stores Family Clothing Stores Clothing Accessories Stores Other Clothing Stores Shoe Stores Jewellery Stores Luggage and Leather Goods Stores Sporting Goods, Hobby, Book and Music Stores Sporting Goods Stores Hobby, Toy & Game Stores Sewing, Needlework & Piece Goods Musical Instrument & Supplies Stores Book Stores and News Dealers Pre-Recorded Tape, CD & Records General Merchandise Stores Department Stores Warehouse Clubs & Superstores Other General Merchandise Stores Miscellaneous Store Retailers x 45111 45112 45113 45114 45121 45122 452 45211 45291 45299 453 www.city.summerside.pe.ca x x x x x x x x x x $2,740 $2,069 $3,492 $574 x $18,807 x x x x x x x x x x x x x $32,499 $16,856 x x x x x $171,783 x x x $35,831 $535 $12,334 x x x x x $180,678 x x x $34,560 $3,701 $367 x x x x x x x x -2.0% x $1,032 x x x x x $29,357 x x x x x $466 18.5% 35.5% 10.1% 4.2% $493 $20,883 x x x x x x x x x x x x x x x x x x x x -0.5% 4.4% $3,247 $2,804 $3,845 $598 $17,910 $824 x $1,902 $3,490 $278,042 $139,552 $138,493 $67,623 $503 $21,125 45311 Florists x 45321 Office Supplies & Stationery Stores x 45322 Gift, Novelty & Souvenir Stores x 45331 Used Merchandise Stores x 45391 Pet and Pet Supplies Stores x 45392 Art Dealers x 45393 Manufactured (Mobile) Home Dealers x 45399 All Other Miscellaneous Retailers x Source: Statistics Canada - Monthly Retail Trade Survey 2009 X = Data Suppressed by Statistics Canada City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 x x x $119,785 $104,989 x $1,912 $3,344 25.3% x x x x x $486 4.3% $648 21.2% x x x x x x x x x x $4,082 x x x 10.3% x x x $410 x x x x x x x x 11.6% x x x x x x x x Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. The number of locations for each retail category changes on a monthly basis. The number of store locations each month was used to calculate the average monthly sales per establishment. This table shows the totals for each year. The change refers to the change in the “annual sales per location”. It is encouraging to note that despite fears of recession elsewhere in the country, retailers in Prince Edward Island have fared fairly well. Most retail categories for which we have data (the data for many sectors has been suppressed to maintain confidentiality) posted gains from 2007 to 2008. The exceptions were new car sales, computers and women’s clothes. More than half the categories reporting enjoyed double digit sales growth year over year. The following pages provide bar graphs of retail sales for each category through the end of the 1st quarter of 2009. City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. Prince Edward Island Prince Edward Island Sales of Motor Vehicles & Parts Building Materials & Garden Equipment January 2007/March 2009 - $000 January 2007/March 2009 - $000 $35,000 Avg. Annual Sales $3,022,000 - 2007 $2,805,000 - 2008 $30,000 $25,000 Avg. Annual Sales $3,673,000 – 2007 $3,828,000- 2008 $20,000 $25,000 $15,000 $20,000 $15,000 $10,000 $10,000 $5,000 $5,000 $0 7Jan Apr Jul Oct 8Jan Apr Jul Oct 9Jan $0 7Jan Jul Oct 8Jan Apr Jul Oct Prince Edward Island Prince Edward Island Furniture & Home Furnishings Food & Beverage Stores January 2007/March 2009 - $000 Avg. Annual Sales $3,000$779,000 - 2007 $884,000 - 2008 $2,500 $2,000 $1,500 $1,000 $500 $0 7Jan Apr Jul Oct 8Jan Apr 9Jan January 2007/March 2009 - $000 $3,500 $7,000 Apr Jul Oct 9Jan $50,000 Avg. Annual Sales - 2007 $45,000 $3,046,000 $3,398,000 - 2008 $40,000 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0 7Apr Jul Jan Oct 8Jan Apr Jul Oct Prince Edward Island Prince Edward Island Electronics & Appliances Health & Personal Care Stores January 2007/March 2009 - $000 January 2007/March 2009 - $000 $14,000 Avg. Annual Sales Avg. Annual Sales $6,000 $966,000 - 2007 $12,000 $1,912,000 - 2007 $5,000 $10,000 $4,000 $8,000 $3,000 $6,000 $2,000 $4,000 $1,000 $2,000 $1,122,000 - 2008 9Jan $1,902,000 - 2008 $0 $0 7Jan Apr Jul Oct 8Jan City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca Apr Jul Oct 9Jan 7Jan Apr Jul Oct 8Jan Apr Jul Oct 9Jan Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. Prince Edward Island Prince Edward Island Gasoline Stations General Merchandise Stores January 2007/March 2009 - $000 January 2007/March 2009 - $000 $35,000 $25,000Avg. Annual Sales Avg. Annual Sales $3,701,000 - 2007 $4,082,000 - 2008 $30,000 $2,740,000 - 2007 $20,000 $3,247,000 - 2008 $25,000 $15,000 $20,000 $15,000 $10,000 $10,000 $5,000 $5,000 $0 $0 7Jan Apr Jul Oct 8Jan Apr Jul Oct 7Jan 9Jan Apr Jul Oct 8Jan Apr Jul Oct Prince Edward Island Prince Edward Island Clothing & Clothing Accessories Miscellaneous Retailers January 2007/March 2009 - $000 January 2007/March 2009 - $000 $6,000 $12,000 $10,000 Avg. Annual Sales $574,000 - 2007 $598,000 - 2008 9Jan $5,000 $8,000 $4,000 $6,000 $3,000 $4,000 $2,000 $2,000 $1,000 Avg. Annual Sales $367,000 - 2007 $410,000 - 2008 $0 $0 7Jan Apr Jul Oct 8Jan Apr Jul Oct 9Jan 7Jan Apr Jul Oct 8Jan Apr Jul Oct 9Jan Prince Edward Island Sporting Goods, Hobby, Book & Music January 2007/March 2009 - $000 $4,500Avg. Annual Sales $466,000 - 2007 $4,000$486,000 - 2008 $3,500 $3,000 $2,500 $2,000 $1,500 $1,000 $500 $0 7Jan Apr Jul Oct City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca 8Jan Apr Jul Oct 9Jan Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. HIGHEST PRIORITY - ALL SECTORS December 2008 Location Counts for Province of Prince Edward Island by NAICS Note: The 6 digit NAICS Code lists 927 different business categories. 314 categories with "nil" response for PEI were eliminated. Table sorted by Deficit in Prince County - Categories of limited interest/practicality have been eliminated. PROVINCE Population - 2006 Census National Industries (6-Digit NAICS) Total 541510 - Computer Systems Design and Related Services 621110 - Offices of Physicians 722110 - Full-Service Restaurants 541611 - Admin. Management & General Management Consulting Services 523920 - Portfolio Management 541710 - R&D in the Physical, Engineering and Life Sciences 512110 - Motion Picture and Video Production 238220 - Plumbing, Heating and Air-Conditioning Contractors 721192 - Housekeeping Cottages and Cabins 238210 - Electrical Contractors & Other Wiring Installation Contractors 484110 - General Freight Trucking, Local 721191 - Bed and Breakfast 541330 - Engineering Services 451110 - Sporting Goods Stores 713910 - Golf Courses and Country Clubs 722310 - Food Service Contractors 238160 - Roofing Contractors 238310 - Drywall and Insulation Contractors 541310 - Architectural Services PRINCE COUNTY 135,851 44,499 PEI Locations 10,381 90 Threshold Population 532111 - Passenger Car Rental 541940 - Veterinary Services of Summerside 238330 -City Flooring Contractors 275 Fitzroy Street 721112 -Summerside, Motor Hotels PE Canada C1N 1H9 451120 -www.city.summerside.pe.ca Hobby, Toy and Game Stores 721211 - RV (Recreational Vehicle) Parks and Campgrounds Source: Business Register, Statistics Canada, 2009. Sorted CITY OF SUMMERSIDE Ascending 16,153 Theoretical Capacity 1,509 Number Locations 3,145 12 29 134 149 77 1,014 912 1,764 30 35 13 64 23 2,123 5,907 27 115 Surplus/ Deficit Theoretical Capacity Surplus/ Deficit -17 Number Locations 1,117 7 11 -4 44 49 25 -14 -14 -12 18 13 5 16 18 9 2 -5 -4 10 0 21 8 -11 -8 2 0 8 3 -6 -3 5,032 1,181 2 31 9 38 -7 -7 0 9 3 14 -3 -5 56 85 2,426 1,598 12 22 18 28 -6 -6 2 9 7 10 -5 -1 63 37 39 23 28 20 23 29 10 2,156 3,672 3,483 5,907 4,852 6,793 5,907 4,685 13,585 15 7 8 3 5 3 4 6 0 21 12 13 8 9 7 8 9 3 -6 -5 -5 -5 -4 -4 -4 -3 -3 5 1 3 2 0 1 1 5 0 7 4 5 3 3 2 3 3 1 -2 -3 -2 -1 -3 -1 -2 2 -1 13 19 28 9 18 17 10,450 7,150 4,852 15,095 7,547 7,991 1 3 6 0 3 3 4 6 Tel 902 9 432 1255 Fax 902 436 9296 3 Small city. Big6 opportunity. 6 -3 -3 -3 -3 -3 -3 1 1 2 0 1 1 2 2 3 1 2 2 -1 -1 -1 -1 -1 -1 Detailed Tables - Market Threshold Analysis RETAIL SECTOR - NAICS 44/45 December 2008 Location Counts for Province of Prince Edward Island by NAICS Note: The 6 digit NAICS Code lists 927 different categories of businesses. 314 categories were deleted based on a nil response for PEI. Population - 2006 Census National Industries (6-Digit NAICS) 441110 - New Car Dealers 441120 - Used Car Dealers 441210 - Recreational Vehicle Dealers 441220 - Motorcycle, Boat and Other Motor Vehicle Dealers 441310 - Automotive Parts and Accessories Stores 441320 - Tire Dealers 442110 - Furniture Stores 442210 - Floor Covering Stores 442291 - Window Treatment Stores 442292 - Print and Picture Frame Stores 442298 - All Other Home Furnishings Stores 443110 - Appliance, Television and Other Electronics Stores 443120 - Computer and Software Stores 444110 - Home Centres 444120 - Paint and Wallpaper Stores 444130 - Hardware Stores 444190 - Other Building Material Dealers 444210 - Outdoor Power Equipment Stores City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca PROVINCE PRINCE COUNTY CITY OF SUMMERSIDE 135,851 PEI Locations 22 54 3 8 Threshold Population 6,175 2,516 45,284 16,981 44,499 Number Locations 5 28 1 4 Theoretical Capacity 7 18 1 3 Surplus/ Deficit -2 10 0 1 16,153 Number Locations 5 14 0 1 Theoretical Capacity 3 6 0 1 Surplus/ Deficit 2 8 0 0 28 9 10 4 4 4 20 23 4,852 15,095 13,585 33,963 33,963 33,963 6,793 5,907 8 4 4 2 0 1 4 6 9 3 3 1 1 1 7 8 -1 1 1 1 -1 0 -3 -2 3 2 3 2 0 1 2 5 3 1 1 0 0 0 2 3 0 1 2 2 0 1 0 2 10 18 3 5 13 3 13,585 7,547 45,284 27,170 10,450 45,284 4 8 1 2 5 1 3 6 1 2 4 1 1 2 0 0 1 0 3 5 1 1 3 0 1 2 0 1 2 0 2 3 1 0 1 0 Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. 444220 - Nursery Stores and Garden Centres 445110 - Supermarkets and Other Grocery (except Convenience) Stores 445120 - Convenience Stores 445210 - Meat Markets 445220 - Fish and Seafood Markets 445230 - Fruit and Vegetable Markets 445291 - Baked Goods Stores 445292 - Confectionery and Nut Stores 445299 - All Other Specialty Food Stores 445310 - Beer, Wine and Liquor Stores 446110 - Pharmacies and Drug Stores 446120 - Cosmetics, Beauty Supplies and Perfume Stores 446130 - Optical Goods Stores 446191 - Food (Health) Supplement Stores 446199 - All Other Health and Personal Care Stores 447110 - Gasoline Stations with Convenience Stores 447190 - Other Gasoline Stations 448110 - Men's Clothing Stores 448120 - Women's Clothing Stores 448130 - Children's and Infants' Clothing Stores 448140 - Family Clothing Stores 448150 - Clothing Accessories Stores 448199 - All Other Clothing Stores 448210 - Shoe Stores 448310 - Jewellery Stores 448320 - Luggage and Leather Goods Stores 451110 - Sporting Goods Stores 451120 - Hobby, Toy and Game Stores 451130 - Sewing, Needlework and Piece Goods Stores 451140 - Musical Instrument and Supplies Stores 451210 - Book Stores and News Dealers City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca 5 42 27,170 3,235 3 16 2 14 1 2 2 7 1 5 1 2 61 4 8 2 13 3 4 21 36 3 2,227 33,963 16,981 67,926 10,450 45,284 33,963 6,469 3,774 45,284 22 0 3 1 6 1 1 7 11 0 20 1 3 1 4 1 1 7 12 1 2 -1 0 0 2 0 0 0 -1 -1 10 0 0 0 3 0 1 2 5 0 7 0 1 0 2 0 0 2 4 0 3 0 -1 0 1 0 1 0 1 0 12 7 10 51 66 4 37 7 32 3 7 10 14 3 23 18 6 11,321 19,407 13,585 2,664 2,058 33,963 3,672 19,407 4,245 45,284 19,407 13,585 9,704 45,284 5,907 7,547 22,642 4 1 2 15 28 0 9 0 10 1 1 2 5 2 3 3 2 4 2 3 17 22 1 12 2 10 1 2 3 5 1 8 6 2 0 -1 -1 -2 6 -1 -3 -2 0 0 -1 -1 0 1 -5 -3 0 3 0 2 4 13 0 9 0 4 1 0 2 4 2 2 1 2 1 1 1 6 8 0 4 1 4 0 1 1 2 0 3 2 1 2 -1 1 -2 5 0 5 -1 0 1 -1 1 2 2 -1 -1 1 6 10 22,642 13,585 1 3 2 3 -1 0 1 2 1 1 0 1 Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. 451220 - Pre-Recorded Tape, Compact Disc and Record Stores 452110 - Department Stores 452991 - Home and Auto Supplies Stores 452999 - All Other Miscellaneous General Merchandise Stores 453110 - Florists 453210 - Office Supplies and Stationery Stores 453220 - Gift, Novelty and Souvenir Stores 453310 - Used Merchandise Stores 453910 - Pet and Pet Supplies Stores 453920 - Art Dealers 453992 - Beer and Wine-Making Supplies Stores 453999 - All Other Misc. Store Retailers (except Beer/Wine-Making Supplies) 454111 - Internet Shopping 454112 - Electronic Auctions 454113 - Mail-Order Houses 454210 - Vending Machine Operators 454311 - Heating Oil Dealers 454312 - Liquefied Petroleum Gas (Bottled Gas) Dealers 454319 - Other Fuel Dealers 454390 - Other Direct Selling Establishments Source: Business Register, Statistics Canada, 2009. City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca 4 33,963 2 1 1 2 0 2 5 2 34 27,170 67,926 3,996 2 1 10 2 1 11 0 0 -1 2 1 4 1 0 4 1 1 0 14 5 58 19 3 3 4 22 9,704 27,170 2,342 7,150 45,284 45,284 33,963 6,175 5 1 18 9 1 0 0 7 5 2 19 6 1 1 1 7 0 -1 -1 3 0 -1 -1 0 2 1 7 5 1 0 0 6 2 1 7 2 0 0 0 3 0 0 0 3 1 0 0 3 2 2 5 8 11 1 67,926 67,926 27,170 16,981 12,350 135,851 0 1 1 4 2 0 1 1 2 3 4 0 -1 0 -1 1 -2 0 0 0 0 2 2 0 0 0 1 1 1 0 0 0 -1 1 1 0 7 11 19,407 12,350 2 1 2 4 0 -3 1 0 1 1 0 -1 Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. BUSINESS & COMMERCIAL SERVICES - NAICS 51 - 56 December 2008 Location Counts for Province of Prince Edward Island by NAICS Note: The 6 digit NAICS Code lists 927 different categories of businesses. 314 categories were deleted based on a nil response for PEI. Population - 2006 Census National Industries (6-Digit NAICS) Total 511110 - Newspaper Publishers 511120 - Periodical Publishers 511130 - Book Publishers 511140 - Directory and Mailing List Publishers 511190 - Other Publishers 511210 - Software Publishers 512110 - Motion Picture and Video Production 512120 - Motion Picture and Video Distribution 512130 - Motion Picture and Video Exhibition 512190 - Post-Production and Other Motion Picture and Video Industries 512210 - Record Production 512230 - Music Publishers 515110 - Radio Broadcasting 515120 - Television Broadcasting 517111 - Wired Telecommunications Carriers (except Cable) 517112 - Cable and Other Program Distribution 517210 - Wireless Telecommunications Carriers (except Satellite) 517910 - Other Telecommunications 518210 - Data Processing, Hosting and Related Services City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca PROVINCE PRINCE COUNTY CITY OF SUMMERSIDE 135,851 PEI Locations 10,381 6 8 3 1 2 5 27 1 4 1 22,642 16,981 45,284 135,851 67,926 27,170 5,032 135,851 33,963 135,851 44,499 Number Locations 3,145 3 2 2 0 0 0 2 0 1 0 1 1 5 1 3 135,851 135,851 27,170 135,851 45,284 5 3 4 3 Theoretical Capacity Surplus/ Deficit 2 3 1 0 1 2 9 0 1 0 1 -1 1 0 -1 -2 -7 0 0 0 16,153 Number Locations 1,117 2 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 2 0 1 0 0 -1 0 -1 27,170 45,284 2 0 2 1 33,963 45,284 0 0 1 1 Threshold Populaton Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. Theoretical Capacity Surplus/ Deficit 1 1 0 0 0 1 3 0 0 0 1 -1 0 0 0 -1 -3 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 -1 1 0 1 0 0 0 -1 -1 0 0 0 0 0 0 519121 - Libraries 519122 - Archives 519130 - Internet Publishing and Broadcasting and Web Search Portals 519190 - All Other Information Services 522111 - Personal and Commercial Banking Industry 522130 - Local Credit Unions 522220 - Sales Financing 522291 - Consumer Lending 522299 - All Other Non-Depository Credit Intermediation 522310 - Mortgage and Non-mortgage Loan Brokers 522321 - Central Credit Unions 522390 - Other Activities Related to Credit Intermediation 523110 - Investment Banking and Securities Dealing 523120 - Securities Brokerage 523910 - Miscellaneous Intermediation 523920 - Portfolio Management 523930 - Investment Advice 523990 - All Other Financial Investment Activities 524111 - Direct Individual Life, Health and Medical Insurance Carriers 524112 - Direct Group Life, Health and Medical Insurance Carriers 524121 - Direct General Property and Casualty Insurance Carriers 524124 - Direct Property Insurance Carriers 524129 - Other Direct Insurance (except Life, Health & Medical) Carriers 524210 - Insurance Agencies and Brokerages 524291 - Claims Adjusters 524299 - All Other Insurance Related Activities 526913 - Mortgage Funds 526989 - All Other Miscellaneous Funds and Financial Vehicles City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca 7 1 3 19,407 135,851 45,284 2 0 1 2 0 1 0 0 0 0 0 1 1 0 0 -1 0 1 2 31 12 1 8 19 4 1 5 67,926 4,382 11,321 135,851 16,981 7,150 33,963 135,851 27,170 1 9 6 0 3 5 1 0 1 1 10 4 0 3 6 1 0 2 0 -1 2 0 0 -1 0 0 -1 0 6 2 0 3 4 1 0 1 0 4 1 0 1 2 0 0 1 0 2 1 0 2 2 1 0 0 10 8 168 64 4 47 1 13,585 16,981 809 2,123 33,963 2,890 135,851 2 2 37 10 1 12 0 3 3 55 21 1 15 0 -1 -1 -18 -11 0 -3 0 0 1 20 2 1 8 0 1 1 20 8 0 6 0 -1 0 0 -6 1 2 0 1 135,851 0 0 0 0 0 0 4 33,963 1 1 0 1 0 1 1 2 135,851 67,926 1 0 0 1 1 -1 1 0 0 0 1 0 51 13 10 1 2 2,664 10,450 13,585 135,851 67,926 15 3 2 0 1 17 4 3 0 1 -2 -1 -1 0 0 11 2 1 0 0 6 2 1 0 0 5 0 0 0 0 Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. 531111 - Lessors of Residential Buildings and Dwellings 531112 - Lessors of Social Housing Projects 531120 - Lessors of Non-Residential Buildings 531130 - Self-Storage Mini-Warehouses 531190 - Lessors of Other Real Estate Property 531211 - Real Estate Agents 531212 - Offices of Real Estate Brokers 531310 - Real Estate Property Managers 531320 - Offices of Real Estate Appraisers 531390 - Other Activities Related to Real Estate 532111 - Passenger Car Rental 532112 - Passenger Car Leasing 532120 - Truck, Utility Trailer and RV Rental and Leasing 532210 - Consumer Electronics and Appliance Rental 532230 - Video Tape and Disc Rental 532290 - Other Consumer Goods Rental 532310 - General Rental Centres 532410 - Const/Transp/Mining/Forestry Mach. & Equipment Rental/Leasing 532490 - Other Commercial/Industrial Machinery/Equipment Rental/Leasing 533110 - Lessors of Non-Financial Intangible Assets 541110 - Offices of Lawyers 541190 - Other Legal Services 541212 - Offices of Accountants 541213 - Tax Preparation Services 541215 - Bookkeeping, Payroll and Related Services 541310 - Architectural Services 541320 - Landscape Architectural Services 541330 - Engineering Services 541340 - Drafting Services 541350 - Building Inspection Services 541360 - Geophysical Surveying and Mapping Services City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca 158 9 202 2 29 87 46 34 7 44 13 2 3 860 15,095 673 67,926 4,685 1,562 2,953 3,996 19,407 3,088 10,450 67,926 45,284 44 3 54 2 14 16 15 12 1 10 1 1 0 52 3 66 1 9 28 15 11 2 14 4 1 1 -8 0 -12 1 5 -12 0 1 -1 -4 -3 0 -1 17 2 29 1 4 10 9 7 1 9 1 0 0 19 1 24 0 3 10 5 4 1 5 2 0 0 -2 1 5 1 1 0 4 3 0 4 -1 0 0 4 9 3 1 9 33,963 15,095 45,284 135,851 15,095 1 2 0 0 2 1 3 1 0 3 0 -1 -1 0 -1 1 1 0 0 0 0 1 0 0 1 1 0 0 0 -1 3 45,284 2 1 1 2 0 2 1 66 9 54 12 19 10 3 39 5 5 1 135,851 2,058 15,095 2,516 11,321 7,150 13,585 45,284 3,483 27,170 27,170 135,851 0 21 3 12 6 5 0 1 8 1 2 0 0 22 3 18 4 6 3 1 13 2 2 0 0 -1 0 -6 2 -1 -3 0 -5 -1 0 0 0 20 2 10 1 3 0 0 3 1 1 0 0 8 1 6 1 2 1 0 5 1 1 0 0 12 1 4 0 1 -1 0 -2 0 0 0 Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. 541370 - Surveying and Mapping (except Geophysical) Services 541380 - Testing Laboratories 541410 - Interior Design Services 541430 - Graphic Design Services 541490 - Other Specialized Design Services 541510 - Computer Systems Design and Related Services 541611 - Admin. Management & General Management Consulting Services 541612 - Human Resources Consulting Services 541619 - Other Management Consulting Services 541620 - Environmental Consulting Services 541690 - Other Scientific and Technical Consulting Services 541710 - R&D in the Physical, Engineering and Life Sciences 541720 - R&D in the Social Sciences and Humanities 541810 - Advertising Agencies 541820 - Public Relations Services 541840 - Media Representatives 541850 - Display Advertising 541860 - Direct Mail Advertising 541870 - Advertising Material Distribution Services 541891 - Specialty Advertising Distributors 541899 - All Other Services Related to Advertising 541910 - Marketing Research and Public Opinion Polling 541920 - Photographic Services 541930 - Translation and Interpretation Services 541940 - Veterinary Services 541990 - All Other Professional, Scientific and Technical Services 551113 - Holding Companies 551114 - Head Offices City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca 11 12,350 5 4 1 2 1 1 5 10 8 4 90 27,170 13,585 16,981 33,963 1,509 2 1 2 1 12 2 3 3 1 29 0 -2 -1 0 -17 1 1 0 0 7 1 1 1 0 11 0 0 -1 0 -4 77 1,764 13 25 -12 5 9 -4 6 24 11 17 22,642 5,660 12,350 7,991 1 2 3 5 2 8 4 6 -1 -6 -1 -1 1 2 1 1 1 3 1 2 0 -1 0 -1 23 5,907 0 8 -8 0 3 -3 4 9 3 3 2 1 3 3 3 5 33,963 15,095 45,284 45,284 67,926 135,851 45,284 45,284 45,284 27,170 2 2 1 1 0 0 1 1 0 1 1 3 1 1 1 0 1 1 1 2 1 -1 0 0 -1 0 0 0 -1 -1 0 2 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 14 1 19 31 9,704 135,851 7,150 4,382 4 1 3 4 5 0 6 10 -1 1 -3 -6 2 0 1 3 2 0 2 4 0 0 -1 -1 375 16 362 8,491 89 2 123 5 -34 -3 39 2 45 2 -6 0 Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. 561110 - Office Administrative Services 561310 - Employment Placement Agencies/Executive Search Services 561320 - Temporary Help Services 561410 - Document Preparation Services 561420 - Telephone Call Centres 561430 - Business Service Centres 561440 - Collection Agencies 561490 - Other Business Support Services 561510 - Travel Agencies 561520 - Tour Operators 561590 - Other Travel Arrangement and Reservation Services 561611 - Investigation Services 561612 - Security Guard and Patrol Services 561621 - Security Systems Services (except Locksmiths) 561622 - Locksmiths 561710 - Exterminating and Pest Control Services 561721 - Window Cleaning Services 561722 - Janitorial Services (except Window Cleaning) 561730 - Landscaping Services 561740 - Carpet and Upholstery Cleaning Services 561791 - Duct and Chimney Cleaning Services 561799 - All Other Services to Buildings and Dwellings 561910 - Packaging and Labelling Services 561920 - Convention and Trade Show Organizers 561990 - All Other Support Services 562110 - Waste Collection 562210 - Waste Treatment and Disposal 562910 - Remediation Services 562920 - Material Recovery Facilities 562990 - All Other Waste Management Services Source: Business Register, Statistics Canada, 2009. City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca 36 3 3,774 45,284 11 0 12 1 -1 -1 4 0 4 0 0 0 2 2 8 1 5 5 7 10 7 67,926 67,926 16,981 135,851 27,170 27,170 19,407 13,585 19,407 0 0 1 1 1 2 0 3 2 1 1 3 0 2 2 2 3 2 -1 -1 -2 1 -1 0 -2 0 0 0 0 1 1 1 1 0 1 1 0 0 1 0 1 1 1 1 1 0 0 0 1 0 0 -1 0 0 2 6 3 67,926 22,642 45,284 0 2 0 1 2 1 -1 0 -1 0 1 0 0 1 0 0 0 0 5 4 1 42 47 5 1 12 2 5 26 8 8 1 2 7 27,170 33,963 135,851 3,235 2,890 27,170 135,851 11,321 67,926 27,170 5,225 16,981 16,981 135,851 67,926 19,407 2 1 0 13 14 1 0 3 0 0 7 2 3 0 1 1 2 1 0 14 15 2 0 4 1 2 9 3 3 0 1 2 0 0 0 -1 -1 -1 0 -1 -1 -2 -2 -1 0 0 0 -1 2 0 0 9 6 0 0 0 0 0 5 1 2 0 0 0 1 0 0 5 6 1 0 1 0 1 3 1 1 0 0 1 1 0 0 4 0 -1 0 -1 0 -1 2 0 1 0 0 -1 Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. TOURIST, CULTURE & ENTERTAINMENT SERVICES NAICS 71 & 72 December 2008 Location Counts for Province of Prince Edward Island by NAICS Note: The 6 digit NAICS Code lists 927 different categories of businesses. 314 categories were deleted based on a nil response for PEI. Population - 2006 Census National Industries (6-Digit NAICS) Total 711111 - Theatre (except Musical) Companies 711112 - Musical Theatre and Opera Companies 711130 - Musical Groups and Artists 711211 - Sports Teams and Clubs 711213 - Horse Race Tracks 711218 - Other Spectator Sports 711311 - Live Theatre & Other Performing Arts with Facilities 711319 - Sports Stadiums and Other Presenters with Facilities 711322 - Festivals without Facilities 711329 - Sports Presenters and Other Presenters without Facilities 711410 - Agents/Managers for Artists, Athletes, Entertainers 711511 - Independent Artists, Visual Arts 711512 - Independent Actors, Comedians and Performers 711513 - Independent Writers and Authors 712111 - Non-Commercial Art Museums and Galleries 712115 - History and Science Museums 712119 - Other Museums 712120 - Historic and Heritage Sites 712130 - Zoos and Botanical Gardens 712190 - Nature Parks and Other Similar Institutions 713110 - Amusement and Theme Parks City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca PROVINCE PRINCE COUNTY CITY OF SUMMERSIDE 135,851 PEI Locations 10,381 3 2 7 7 4 2 2 8 6 4 45,284 67,926 19,407 19,407 33,963 67,926 67,926 16,981 22,642 33,963 44,499 Number Locations 3,145 0 0 0 3 1 0 0 6 1 1 27,170 22,642 22,642 67,926 135,851 135,851 9,704 27,170 135,851 67,926 22,642 0 3 3 0 1 1 5 2 0 1 0 5 6 6 2 1 1 14 5 1 2 6 Threshold Population Theoretical Capacity Surplus/ Deficit 1 1 2 2 1 1 1 3 2 1 -1 -1 -2 1 0 -1 -1 3 -1 0 16,153 Number Locations 1,117 0 0 0 3 1 0 0 1 0 0 2 2 2 1 0 0 5 2 0 1 2 -2 1 1 -1 1 1 0 0 0 0 -2 0 2 0 0 0 1 3 0 0 0 0 Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. Theoretical Capacity Surplus/ Deficit 0 0 1 1 0 0 0 1 1 0 0 0 -1 2 1 0 0 0 -1 0 1 1 1 0 0 0 2 1 0 0 1 -1 1 -1 0 0 1 1 -1 0 0 -1 713120 - Amusement Arcades 713291 - Lotteries 713299 - All Other Gambling Industries 713910 - Golf Courses and Country Clubs 713920 - Skiing Facilities 713930 - Marinas 713940 - Fitness and Recreational Sports Centres 713990 - All Other Amusement and Recreation Industries 721111 - Hotels 721112 - Motor Hotels 721113 - Resorts 721114 - Motels 721191 - Bed and Breakfast 721192 - Housekeeping Cottages and Cabins 721198 - All Other Traveller Accommodation 721211 - RV (Recreational Vehicle) Parks and Campgrounds 721213 - Recreational (except Hunting/Fishing) & Vacation Camps 722110 - Full-Service Restaurants 722210 - Limited-Service Eating Places 722310 - Food Service Contractors 722320 - Caterers 722410 - Drinking Places (Alcoholic Beverages) Source: Business Register, Statistics Canada, 2009. City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca 1 2 5 28 1 6 29 26 25 9 13 45 37 56 5 17 6 135,851 67,926 27,170 4,852 135,851 22,642 4,685 5,225 5,434 15,095 10,450 3,019 3,672 2,426 27,170 7,991 22,642 0 1 1 5 0 0 9 9 8 0 2 13 7 12 3 3 0 0 1 2 9 0 2 9 9 8 3 4 15 12 18 2 6 2 0 0 -1 -4 0 -2 0 0 0 -3 -2 -2 -5 -6 1 -3 -2 0 1 1 0 0 0 3 5 7 0 1 8 1 2 2 1 0 0 0 1 3 0 1 3 3 3 1 2 5 4 7 1 2 1 0 1 0 -3 0 -1 0 2 4 -1 -1 3 -3 -5 1 -1 -1 149 148 20 10 12 912 918 6,793 13,585 11,321 35 50 3 4 3 49 48 7 3 4 -14 2 -4 1 -1 13 23 1 1 1 18 18 2 1 1 -5 5 -1 0 0 Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. MISCELLANEOUS PERSONAL SERVICES - NAICS 81 December 2008 Location Counts for Province of Prince Edward Island by NAICS Note: The 6 digit NAICS Code lists 927 different categories of businesses. 314 categories were deleted based on a nil response for PEI. Population - 2006 Census National Industries (6-Digit NAICS) Total 811111 - General Automotive Repair 811112 - Automotive Exhaust System Repair 811119 - Other Automotive & Electrical Repair/Maintenance 811121 - Automotive Body, Paint and Interior Repair and Maintenance 811122 - Automotive Glass Replacement Shops 811192 - Car Washes 811199 - All Other Automotive Repair and Maintenance 811210 - Electronic and Precision Equipment Repair and Maintenance 811310 - Commercial/Industrial Machinery & Equipment Repair/Maintenance 811411 - Home and Garden Equipment Repair and Maintenance 811412 - Appliance Repair and Maintenance 811420 - Reupholstery and Furniture Repair 811430 - Footwear and Leather Goods Repair 811490 - Other Personal and Household Goods Repair and Maintenance 812114 - Barber Shops 812115 - Beauty Salons 812116 - Unisex Hair Salons City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca PROVINCE PRINCE COUNTY CITY OF SUMMERSIDE 135,851 PEI Locations 10,381 78 3 9 1,742 45,284 15,095 44,499 Number Locations 3,145 27 2 2 42 3,235 8 10 6 6 Theoretical Capacity Surplus/ Deficit 26 1 3 1 1 -1 16,153 Number Locations 1,117 8 2 2 15 14 1 16,981 13,585 22,642 22,642 4 1 2 1 3 3 2 2 45 3,019 18 14 9,704 8 11 3 7 8 65 28 Threshold Population Theoretical Capacity Surplus/ Deficit 9 0 1 -1 2 1 6 5 1 1 -2 0 -1 2 0 1 0 1 1 1 1 1 -1 0 -1 15 3 6 5 1 4 5 -1 1 2 -1 16,981 12,350 45,284 19,407 5 2 1 4 3 4 1 2 2 -2 0 2 2 0 1 0 1 1 0 1 1 -1 1 -1 16,981 2,090 4,852 2 24 10 3 21 9 -1 3 1 1 15 8 1 8 3 0 7 5 Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity. 812190 - Other Personal Care Services 812210 - Funeral Homes 812220 - Cemeteries and Crematoria 812310 - Coin-Operated Laundries and Dry Cleaners 812320 - Dry Cleaning and Laundry Services (except Coin-Operated) 812910 - Pet Care (except Veterinary) Services 812921 - Photo Finishing Laboratories (except OneHour) 812930 - Parking Lots and Garages 812990 - All Other Personal Services 813110 - Religious Organizations 813210 - Grant-Making and Giving Services 813310 - Social Advocacy Organizations 813410 - Civic and Social Organizations 813910 - Business Associations 813920 - Professional Organizations 813930 - Labour Organizations 813940 - Political Organizations 813990 - Other Membership Organizations 814110 - Private Households Source: Business Register, Statistics Canada, 2009. City of Summerside 275 Fitzroy Street Summerside, PE Canada C1N 1H9 www.city.summerside.pe.ca 26 20 5 7 10 5,225 6,793 27,170 19,407 13,585 7 8 2 2 4 9 7 2 2 3 -2 1 0 0 1 4 2 1 2 4 3 2 1 1 1 1 0 0 1 3 7 1 19,407 135,851 1 0 2 0 -1 0 1 0 1 0 0 0 1 1 109 30 27 114 43 24 11 3 10 57 135,851 135,851 1,246 4,528 5,032 1,192 3,159 5,660 12,350 45,284 13,585 2,383 0 1 33 6 6 46 10 1 0 0 2 18 0 0 36 10 9 37 14 8 4 1 3 19 0 1 -3 -4 -3 9 -4 -7 -4 -1 -1 -1 0 0 13 4 2 16 2 0 0 0 1 3 0 0 13 4 3 14 5 3 1 0 1 7 0 0 0 0 -1 2 -3 -3 -1 0 0 -4 Tel 902 432 1255 Fax 902 436 9296 Small city. Big opportunity.