Thunder Bay ICT Opportunities The Whalen Building
TABLE OF CONTENTS
Overview.............................................................................................................................................
1
Lease Information ..............................................................................................................................
3
Thunder Bay: A Welcoming Community To Call Home .....................................................................
5
Recent Renovations ...........................................................................................................................
6
Appendices .........................................................................................................................................
9
Appendix 1 Whalen Building Floor Plans .....................................................................................
9
Appendix 2 Waterfront Development ............................................................................................
17
Appendix 3 Labour Pool Analysis for Whalen ICT Project ............................................................
21
Whalen Building – 34 Cumberland Street North Thunder Bay, Ontario, Canada SUPPORTING AND ENHANCING BUSINESS The CEDC is responsible for business development, retention and expansion, entrepreneurial
An exciting opportunity exists in Thunder Bay for Information Communication and Technology (ICT) companies looking to expand or relocate.
support, opportunity promotion, and the collection and assessment of key business data. Incorporated in 2006, CEDC is an arms length Community Development Commission led by an independent board with core funding from the City of Thunder Bay. The CEDC receives formal proposals for projects that will contribute to economic development. It responds quickly to
The Thunder Bay Economic Development Commission (CEDC) has the opportunity to lease the Whalen Heritage building, overlooking Thunder Bay’s vibrant Lake Superior waterfront redevelopment. The CEDC has developed a strategy to work with ICT companies to accommodate their start-up or expansion in order to make the Thunder Bay region cost effective and appealing.
new opportunities and initiatives to attract direct financial involvement from government and private
The following community partners recognize the importance of this initiative and are working with the CEDC:
sectors. The CEDC’s staff will
TBayTel
assist businesses in attaining
Confederation College
Northern Ontario Heritage Fund (NOHFC)
information essential to their decision making. Located within CEDC’s administrative office, the Thunder Bay & District Entrepreneur Centre provides seminars, workshops and free and confidential business counselling services to new and existing small businesses.
Thunder Bay is home to TBayTel, the largest independent phone and internet carrier in Canada. With educational partners including both a College and a University, the region offers an untapped labour resource for knowledge based companies. Thunder Bay possesses many other advantages, including access to provincial incentives available through the Northern Ontario Heritage Fund. Through this program employers also have the potential to significantly lower their wage cost through government incentives.
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TBayTel is committed to contributing to the growth of Thunder Bay's economy and job creation. We will work with prospective businesses as a partner to ensure that they have the tools to be successful in Thunder Bay.
TBayTel is unique company with a unique mandate. In addition to its requirement to provide a return to the Corporation of the City of Thunder Bay, TBayTel is also measured on its ability to: •
Create jobs, directly or indirectly, in Northern Ontario
•
Provide an environment for the technology sector to grow, prosper, and compete
•
Provide Northern Ontario customers with state of the art, competitively priced telecom solutions
Over 95% of the customers within TBayTel's primary serving area have access to wired or wireless high speed Internet access. A network of over 350Km of installed fibre and a local/regional LAN extension network can provide even higher speed connections to the business community. TBayTel has also recently introduced its DirectIT suite of hosted e-mail, storage, and disaster recovery solutions to allow business to access IT services without capital investment. Wireless high speed will be available in 2009 throughout Thunder Bay with extension throughout the region in 2010.
Confederation College provides over 70 programs at its main campus in Thunder Bay and in six regional campuses in Northwestern Ontario with enrolments of just under 2,800. Among its programs offered with extensive ICT components are Business, Multimedia Production, Animation Production, Computer Programmer Analyst and Engineering Technology.
Lakehead University is one of Canada's most comprehensive universities with enrolments of just under 10,000. The undergraduate programs offered that focus around ICT components include, but are not limited to, Computer Science, Visual Arts, Business Management, and Software Engineering. The Faculty of Graduate Studies oversees 28 Masters programs as well as Doctoral programs in Educational Studies, Business Management, Clinical Psychology, Forest Sciences, Biotechnology and Sociology.
The Northern Ontario Heritage Fund Corporation (NOHFC) is a provincially administered body which provides support for economic development opportunities and job creation in Northern Ontario. The Thunder Bay Community Economic Development Commission is willing to look at working with prospective clients in obtaining NOHFC support for their endeavour.
NOHFC Incentive Example: The Enterprise North Job Creation Fund is just one example of funding that the NOHFC has developed for this region. It is designed to meet the needs of small and medium sized businesses in creating jobs and stimulating economic growth. The fund is designed to provide a maximum of $1 million dollars to a successful applicant with 50% of this potentially in the form of a conditional grant while the remaining 50% comes in the form of a repayable loan. This strong incentive allows employers the ability to expand their business, while significantly reducing payroll costs.
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WHALEN BUILDING (34 CUMBERLAND STREET NORTH) Size (Gross): 1st Floor -
887 Sq/ft
3rd Floor - 7779 Sq/Ft 4th Floor - 7779 Sq/Ft 5th Floor - 7781 Sq/Ft 6th Floor - 3255.28 Sq/Ft 6th Floor - 2939.44 Sq/Ft 7th Floor - 3946.84 Sq/Ft
Gross Rate: Approx $17.50 per sq. ft.
For more information, please contact:
Kris Mork Development Officer, CEDC ph: (807) 625-2480 e-mail:
[email protected]
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WHALEN BUILDING (34 CUMBERLAND STREET NORTH)
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Thunder Bay Community Economic Development (CEDC) Before
After
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Before
After
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Appendix 1
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Appendix 2
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Appendix 3
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Labour Pool Analysis for Whalen ICT Project
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Labour Pool Analysis for Whalen ICT Project
TABLE OF CONTENTS
EXECUTIVE SUMMARY....................................................................................................................
1
Introduction ...................................................................................................................................
1
Employee Forecast #1..................................................................................................................
1
Employee Forecast #2...................................................................................................................
1
Conclusion .....................................................................................................................................
2
Table 1 Lakehead University Labour Pool Analysis for Whalen ICT Project Degrees Awarded By Year/By Program (2003-2007) ..........................................................
3
Table 2 Lakehead University Labour Pool Analysis for Whalen ICT Project Forecasted Degrees Awarded By Year/By Program Projected at 0% Growth ....................
4
Table 3 Lakehead University Labour Pool Analysis for Whalen ICT Project Forecasted Capture Rates for Whalen ICT Tenants ...........................................................
5
Table 4 Confederation College Labour Pool Analysis for Whalen ICT Project Degrees Awarded By Year/By Program (2003-2007) .........................................................
6
Table 5 Confederation College Labour Pool Analysis for Whalen ICT Project Forecasted Degrees Awarded By Year/By Program Projected at 0% Growth ..................
7
Table 6 Confederation College Labour Pool Analysis for Whalen ICT Project Forecasted Capture Rates for Whalen ICT Tenants ..........................................................
8
Table 7 Labour Pool Analysis for Whalen ICT Project Graduate Projection Based on Programs With ICT Specific Skill Sets ..............................
9
Table 8 Labour Pool Analysis for Whalen ICT Project Whalen Building Forecasted Vacancy ................................................................................
11
Table 9 Labour Pool Analysis for Whalen ICT Project Overall Capture Rates – Forecast #1.................................................................................
12
Table 10 Labour Pool Analysis for Whalen ICT Project Overall Capture Rates – Forecast #2.................................................................................
12
EXECUTIVE SUMMARY Introduction The following labour analysis of graduates from Lakehead University and Confederation College has been undertaken to evaluate the potential of staffing the Whalen Building with Information Communication Technology (ICT) related tenants from 2010 to 2014, in keeping with a 5 year lease up strategy. Upcoming vacancy of leasable space in January 2010 will result in 19,200 square feet of contiguous space (Floors 3, 4, and 5). There will be 30,228.56 square feet of total potential vacancy at the end of 2009. (Table 8) Using an Industry ratio of 1 Full-Time Equivalent (FTE) employee and 125 square feet per work station, this will allow employment of 153 FTE’s for the upcoming contiguous vacant space and 241 FTE’s for the total vacancy. (Table 8) Employee Forecast #1 This analysis is based on the assumption that employees for the Whalen ICT project could be targeted from all faculties of Lakehead University and Confederation College. This assumption utilizes “very conservative capture rates”, ranging from 2% to 5% because of the more broadly based skill sets, and the lack of specialized training specific to the requirements of ICT users. Based on growth projections of 0%, this would yield 4,162 potential graduates per year from 2008 to 2014. Using the conservative capture rates of 2%, 3%, 4%, and 5%, it is estimated that a potential employer could attract from 83 to 208 potential employees per year using these projections. (Table 9) Employee Forecast #2 This analysis is based on the assumption that employees for the Whalen ICT project would be targeted only from those faculties in both Confederation College and Lakehead University that produce students with some proficiency in an ICT related skill set. Under this assumption, it is estimated that the capture rates would potentially be much higher. Based on growth projections of 5% per year, this would yield on average 199 potential graduates per year from 2008-2014. Using more aggressive capture rates of 10%, 20%, 30%, 40%, and 50% per year, it can be estimated that a potential employer could attract from 19-99 potential employees per year using these projections. (Table 10)
Labour Analysis
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Conclusion The Thunder Bay Community Economic Development Commission (CEDC) believes that under the above assumptions, Thunder Bay can offer substantial potential labour for staffing the Whalen ICT project over a five year period. In Summary, under Forecast #1, 83 to 108 potential employees per year could be available for ICT users. Using more conservative analysis as outlined under Forecast #2, between 19-99 potential employees per year could be available to fill the Whalen ICT projects’ opportunity for 153 to 241 jobs. These statistics are very encouraging because they forecast only future potential labour pools that may be available to Whalen ICT users via Confederation College and Lakehead University graduates. These projections do not take into consideration the opportunity to employ existing graduates or individuals already in the workplace or those who may be encouraged to relocate to Thunder Bay if Whalen ICT job opportunities became available.
Labour Analysis
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Table 1 Lakehead University Labour Pool Analysis for Whalen ICT Project Degrees Awarded By Year/By Program (2003-2007)
Faculty
2003
2004
2005
2006
2007
Average
Faculty of Science and Environmental Studies (1)
287
287
294
305
345
303.6
Faculty of Social Sciences and Humanities (2)
447
453
482
563
590
507
269
303
288
366
438
332.8
96
112
109
124
132
114.6
631
638
706
630
623
645.6
164
213
251
282
281
238.2
Faculty of Forest and the Forest Environment
67
36
34
33
42
42.4
Total
1,961
2,042
2,164
2,303
2,451
2,184
Faculty of Professional Schools (3) Faculty of Business Administration Faculty of Education Faculty of Engineering
(1) Includes Arts, Science, Biology, Chemistry, Computer Science, Environmental Studies, General Science, Geography, Geology, Mathematics, Natural Science, and Physics (2) Includes Economics, English, General Arts, History, Indigenous Learning, Languages, Library and Information Studies, Medical Lab Science, Music, Philosophy, Political Science, Psychology, Sociology, Visual Arts, and Women's Studies (3) Includes Gerontology, Kinesiology, Nursing, Outdoor recreation, Social Work, and Master of Public Health
Labour Analysis
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Table 2 Lakehead University Labour Pool Analysis for Whalen ICT Project Forecasted Degrees Awarded By Year/By Program Projected at 0% Growth
Faculty
2008
2009
2010
2011
2012
2013
Average
303
303
303
303
303
303
303
507
507
507
507
507
507
507
332
332
332
332
332
332
332
114 645 238
114 645 238
114 645 238
114 645 238
114 645 238
114 645 238
114 645 238
Faculty of Forest and the Forest Environment
42
42
42
42
42
42
42
Total
2,181
2,181
2,181
2,181
2,181
2,181
2,181
Faculty of Science and Environmental Studies (1) Faculty of Social Sciences and Humanities (2) Faculty of Professional Schools (3) Faculty of Business Administration Faculty of Education Faculty of Engineering
(1) Includes Arts, Science, Biology, Chemistry, Computer Science, Environmental Studies, General Science, Geography, Geology, Mathematics, Natural Science, and Physics (2) Includes Economics, English, General Arts, History, Indigenous Learning, Languages, Library and Information Studies, Medical Lab Science, Music, Philosophy, Political Science, Psychology, Sociology, Visual Arts, and Women's Studies (3) Includes Gerontology, Kinesiology, Nursing, Outdoor recreation, Social Work, and Master of Public Health
Labour Analysis
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Table 3 Lakehead University Labour Pool Analysis for Whalen ICT Project Forecasted Capture Rates for Whalen ICT Tenants
Faculty
5 Year Graduate Average
Forecasted Potential Employees (2%)
Forecasted Potential Employees (3%)
Forecasted Potential Employees (4%)
Forecasted Potential Employees (5%)
Faculty of Science and Environmental Studies (1)
303
6.06
9.09
12.12
15.15
Faculty of Social Sciences and Humanities (2) Faculty of Professional Schools (3)
507
10.14
15.21
20.28
25.35
332
6.64
9.96
13.28
16.6
Faculty of Business Administration
114
2.28
3.42
4.56
5.7
Faculty of Education
645
12.9
19.35
25.8
32.25
Faculty of Engineering Faculty of Forest and the Forest Environment
238
4.76
7.14
9.52
11.9
42
0.84
1.26
1.68
2.1
Total
2,181
43.62
65.43
87.24
109.05
(1) Includes Arts, Science, Biology, Chemistry, Computer Science, Environmental Studies, General Science, Geography, Geology, Mathematics, Natural Science, and Physics (2) Includes Economics, English, General Arts, History, Indigenous Learning, Languages, Library and Information Studies, Medical Lab Science, Music, Philosophy, Political Science, Psychology, Sociology, Visual Arts, and Women's Studies (3) Includes Gerontology, Kinesiology, Nursing, Outdoor recreation, Social Work, and Master of Public Health
Labour Analysis
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Table 4 Confederation College Labour Pool Analysis for Whalen ICT Project Degrees Awarded By Year/By Program (2003-2007)
Faculty
2003
2004
2005
2006
2007
Average
Faculty of Applied Arts (1)
330
288
305
350
353
325
Faculty of Business (2)
248
270
228
227
221
239
Faculty of Health Sciences (3)
213
310
291
269
217
260
Faculty of Indigenous Studies (4)
34
42
22
35
20
31
Faculty of Technology and Skills (5)
1,037
1,153
1,158
1,146
1,150
1,129
Total
1,862
2,063
2,004
2,027
1,961
1,983
(1) Includes Broadcasting, Child & Youth Worker, Developmental Services Worker, Early Childhood Education, Educational Assistant, Film Production, General Arts & Science, Law & security Administration, Police Foundations, Recreation & Leisure Services, and Social Services Worker (2) Includes Accounting, Business Fundamentals, Human resources, Marketing, Computer Programmer Analyst, Corporate Communications, Culinary Management, Hotel Management, Human resource Management, International Business, Multimedia Production, Office Administration, and Tourism & Travel (3) Includes Diabetes Education, Dental Assisting, Dental Hygiene, Medical Radiation Technology, Paramedic, Personal Support Worker, Practical Nursing, and Pre-Health Sciences (4) Includes Aboriginal Financial Economic Planning, Aboriginal Law and Advocacy, Aboriginal Transition, and Native Child and Family Worker (5) Includes Aerospace manufacturing, Architectural Technology, Aviation Manufacturing, Aviation Technician, Civil Engineering technology, Electronics Engineering Technician, Environmental Engineering Technology, Environmental Engineering Technician, Forestry technician, Instrumentation Engineering Technician, Mechanical Engineering Technician, Mechanical Techniques, Power Engineering Technician, Pre-Technology, and Welding Techniques
Labour Analysis
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Table 5 Confederation College Labour Pool Analysis for Whalen ICT Project Forecasted Degrees Awarded By Year/By Program Projected at 0% Growth
Faculty Faculty of Applied Arts (1) Faculty of Business (2) Faculty of Health Sciences (3) Faculty of Indigenous Studies (4)
2008 325 238
2009 325 238
2010 325 238
2011 325 238
2012 325 238
2013 325 238
2014 325 238
Average 325 238
260
260
260
260
260
260
260
260
30
30
30
30
30
30
30
30
Faculty of Technology and Skills (5)
1,128
1,128
1,128
1,128
1,128
1,128
1,128
1,128
Total
1,981
1,981
1,981
1,981
1,981
1,981
1,981
1,981
(1) Includes Broadcasting, Child & Youth Worker, Developmental Services Worker, Early Childhood Education, Educational Assistant, Film Production, General Arts & Science, Law & security Administration, Police Foundations, Recreation & Leisure Services, and Social Services Worker (2) Includes Accounting, Business Fundamentals, Human resources, Marketing, Computer Programmer Analyst, Corporate Communications, Culinary Management, Hotel Management, Human resource Management, International Business, Multimedia Production, Office Administration, and Tourism & Travel (3) Includes Diabetes Education, Dental Assisting, Dental Hygiene, Medical Radiation Technology, Paramedic, Personal Support Worker, Practical Nursing, and Pre-Health Sciences (4) Includes Aboriginal Financial Economic Planning, Aboriginal Law and Advocacy, Aboriginal Transition, and Native Child and Family Worker (5) Includes Aerospace manufacturing, Architectural Technology, Aviation Manufacturing, Aviation Technician, Civil Engineering technology, Electronics Engineering Technician, Environmental Engineering Technology, Environmental Engineering Technician, Forestry technician, Instrumentation Engineering Technician, Mechanical Engineering Technician, Mechanical Techniques, Power Engineering Technician, Pre-Technology, and Welding Techniques
Labour Analysis
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Table 6 Confederation College Labour Pool Analysis for Whalen ICT Project Forecasted Capture Rates for Whalen ICT Tenants
Graduate Average
Forecasted Potential Employees (2%)
Forecasted Potential Employees (2%)
Forecasted Potential Employees (4%)
Forecasted Potential Employees (5%)
325 238
6.50 4.76
9.75 7.14
13.00 9.52
16.25 11.90
Faculty of Health Sciences (3)
260
5.20
7.80
10.40
13.00
Faculty of Indigenous Studies (4)
30
0.60
0.90
1.20
1.50
Faculty of Technology and Skills (5)
1,128
22.56
33.84
45.12
56.40
Total
1,981
39.62
59.43
79.24
99.05
Faculty Faculty of Applied Arts (1) Faculty of Business (2)
(1) Includes Broadcasting, Child & Youth Worker, Developmental Services Worker, Early Childhood Education, Educational Assistant, Film Production, General Arts & Science, Law & security Administration, Police Foundations, Recreation & Leisure Services, and Social Services Worker (2) Includes Accounting, Business Fundamentals, Human resources, Marketing, Computer Programmer Analyst, Corporate Communications, Culinary Management, Hotel Management, Human resource Management, International Business, Multimedia Production, Office Administration, and Tourism & Travel (3) Includes Diabetes Education, Dental Assisting, Dental Hygiene, Medical Radiation Technology, Paramedic, Personal Support Worker, Practical Nursing, and Pre-Health Sciences (4) Includes Aboriginal Financial Economic Planning, Aboriginal Law and Advocacy, Aboriginal Transition, and Native Child and Family Worker (5) Includes Aerospace manufacturing, Architectural Technology, Aviation Manufacturing, Aviation Technician, Civil Engineering technology, Electronics Engineering Technician, Environmental Engineering Technology, Environmental Engineering Technician, Forestry technician, Instrumentation Engineering Technician, Mechanical Engineering Technician, Mechanical Techniques, Power Engineering Technician, Pre-Technology, and Welding Techniques
Labour Analysis
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Table 7 Labour Pool Analysis for Whalen ICT Project Graduate Projection Based on Programs With ICT Specific Skill Sets
Graduates by Year in Selected Technology Related Programs Confederation College Broadcasting Television Production Film Production Multimedia Production Electronics Engineering Technician Computers Business Administration Marketing Business - Marketing Computer Programmer Analyst Animation (Commencing January 2009) Sub-Total Lakehead University Computer Science (B.Sc., H.BSc., B.Sc. 4 Year) Visual Arts (B.A. & H.B.F.A) Bachelor of Engineering Software Engineering Tech. Software Sub-Total Total Graduates
5% Increase Year over Year Projected Graduates 2010 2011 2012 2013
2004
2005
2006
2007
2008
2009
2014
AVG
21 40
26 22
31 25
15 46
16 48
17 51
17 53
18 56
19 59
20 62
21 65
18 56
27
21
28
30
32
33
35
36
38
40
42
37
11
15
12
9
9
10
10
11
11
12
13
11
0 11
0 17
0 14
3 19
3 20
3 21
3 22
4 23
4 24
25
4 27
3 23
20
6
9
2
2
2
2
2
3
3
3
2
0 130
0 107
0 119
0 124
0 130
9 137
9 144
10 151
10 158
11 166
11 174
9 151
19
10
11
11
12
12
13
13
14
15
15
13
10
10
13
24
25
26
28
29
31
32
34
29
7
12
15
6
6
7
7
7
8
8
8
7
5 41 151
5 37 138
4 43 153
0 41 163
0 43 171
0 45 180
0 47 189
0 50 198
0 52 208
0 55 218
0 58 229
0 50 199
Labour Analysis
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Table 7 Continued Capture Rate
Faculty Confederation College Lakehead University Total
5% Increase Method Average Graduates
10%
20%
30%
40%
50%
151
15.1
30.2
45.3
60.4
75.5
50 199
5 19.9
10 39.8
15 60
20 79.6
25 99.5
Assumptions: Based on the selected programs we have assumed a much higher capture rate based on the skill sets. Analysis: Given the breakdown of the numbers we can see that there is enough human capital to staff the Whalen’s vacant space over the next 5 years. It has been analyzed using very conservative projections and capture rates. Given that the Whalen would require at most 241 people to fully staff the premises over 5 years, we can see that even under the most modest estimates the local post secondary institutions are producing enough talent. By breaking it down into relevant programs, it illustrates that both Lakehead University and Confederation College are turning out at least 171 students per year over the next 7 years, and 199 per year on average. These are programs that have been deemed to be the best fit based on technical training and skill set.
Labour Analysis
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Table 8 Labour Pool Analysis for Whalen ICT Project Whalen Building Forecasted Vacancy
Floor
2008 SQ/FT
2009 SQ/FT
Total
1 Student Per 125 SQ/FT
1
0
887
887
7.10
2
0
0
0
0.00
3
0
6,400
6,400
51.20
4
0
6,400
6,400
51.20
5
0
6,400
6,400
51.20
6
2,939.44
3,255.28
6,194.72
49.56
7
3,946.84
0
3,946.84
31.57
8
0
0
0
0.00
Total
6,886.28
23,342.28
30,228.6
241.83
Analysis & Assumptions: Based on Industry review, it can be assumed that the Whalen ICT project will require 125 square feet of leasable space per 1 Full Time Equivalent employee. The above table illustrates that at least 3 floors in the Whalen building will be available for prospective ICT tenants. Using the above numbers 241 FTE’s can be employed in the Whalen building over a projected 5 year ramp up starting in 2009.
Labour Analysis
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Table 9 Labour Pool Analysis for Whalen ICT Project Overall Capture Rates – Forecast #1
School
Table 9 Average Across All Programs Average Graduates 2% 3%
4%
5%
59.43
79.24
99.05
43.62
65.43
87.24
109
83.2
124.9
166.5
208.1
Confederation College
1,981
39.62
Lakehead University
2,181
Total
4,162
Table 10 Labour Pool Analysis for Whalen ICT Project Overall Capture Rates – Forecast #2 Table 9 5% Increase Method for Selected Faculties Average School Graduates 10% 20% 30% 40%
50%
Confederation College
151
15.1
30.2
45.3
60.4
75.5
Lakehead University
50
5
10
15
20
25
Total
199
19.9
40
59.7
79.6
99.5
Analysis: As the above tables illustrate, under the conservative estimates across the faculties for both institutions it can be assumed that the Whalen ICT project could capture anywhere from 83 to 208 students in a given year. Using selected faculties with ICT related component that would require less on the job training, the Whalen ICT project could potentially attract more students. We have used a capture rate much higher to illustrate the potential of attracting these students. The projections indicate a potential of 18-95 student in a given year.
Labour Analysis
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