Five more learning moments

In my August 12 post about the 2016 Finger Lakes Study Tour, the first five of ten learning moments were outlined. Here are the other five:

Three Brothers sign post

Three Brothers Winery has several destinations on one property

  1. Multiple Revenue Streams: Several stops showcased the many ways multiple revenue sources were maximized. Three Brothers Winery tapped into merchandise, featuring lots of clothing, trinkets and souvenirs. Arts Centre of Yates County rents out a lakeside property to artists and their students. Shtayburne Farm built a cheese factory and shop so the next generation could move back home to the farm. The Make Your Own Glass experience at the Corning Museum of Glass generates $1.5 million in revenue annually. (This is actually Rule #3 in the very good book, Small Town Rules, by Barry J. Moltz & Becky McCray.)
  2. Tax Incentives: Yates County’s Payment In Lieu Of Taxes (PILOT) program offers an average of 68% property tax abatement over 14 years on a business capital investment or job enabling project for commercial, industrial, manufacturing and service oriented firms. For retail and destination tourism firms, the average percentage is 60% over 10 years.
  3. Regional Support, Local Direction, Big Dollars: Numerous times during the trip we were reminded that New York State has a healthy regional economic development grant system in place. Not only do the grants often benefit private-sector projects, but they are large in size and utilize direction from local and regional stakeholders. That said, local communities didn’t wait for the white knight to charge in on his horse. For example, the group was surprised at how much emphasis the Gaffer District of Corning puts on making its storefronts and windows look good. That level of dedication takes financial commitment.
  4. Tolerance for Risk and Failure: The incubator program at The Tech Farm highlighted how risky it is for an entrepreneur to develop a product for the food industry.  Investors and supporters of such new businesses must be patient and tolerant. There is a high probability of failure in this sector, which seems to be tolerated more often here.
  5. Paradigm Shift: From an Ontario perspective, many ideas and ventures along the route were perceived to be “colouring outside the lines” or “bending the rules”. The fact is that New York legislation appears to enable innovation to take place. Examples include the Farm Distillery Act, which lets farmers like the Myer Family start a small-batch distillery and tasting room.

The goal of the study tour was to learn from people at similar businesses in communities similar to those in Norfolk County and other parts of Ontario. A report prepared by Norfolk County staff, based on a survey of those who attended the tour, summarizes the learning moments that participants experienced in the Finger Lakes. The report has detailed information about each stop along the way, including key observations and learning moments.

5 learning moments on the Finger Lakes Study Tour

In the Finger Lakes Study Tour Report, you can read all ten learning moments. To keep this read short, let’s concentrate on the first five. The next five are listed in my August 25 post.

FLX Group shot

This friendly group of Canadians spent two days together learning about businesses and communities in Upstate NY in April 2016

Here are just a few of the ideas and concepts the group from Norfolk County and Ontario’s Southwest learned during the Finger Lakes Study Tour in April 2016:

  1. Enabling Neighbourhood projects: The city of Geneva operates a “center for neighbourhood initiatives” that encourages and supports projects and volunteers that revitalize all parts of the city. Musical porch parties and concerts in the cemetery engage residents and get them communicating and working together.
  2. Upselling second-floor apartments: Chris Wright in Penn Yan upgraded his second-floor apartment in the downtown core and listed it as overnight tourist accommodation on Air BnB. He’s now earning $300 a night for an apartment that used to take in $500 a month.
  3. Story-telling for Business: Telling your story is the most important thing you can do when you are operating a business whose target market is consumers. Ports of New York in Ithaca is a small business but offers a powerful, memorable experience because the owner narrates his family’s story so well.
  4. Social Enterprise: Social enterprises can address community needs by raising money from tourists and consumers. Milly’s Pantry in Penn Yan and the GreenStar Coop in Ithaca are great examples of non-profit organizations that rely on income from one stream of business to subsidize the costs of a social need in the community.
  5. Collaboration and Community Mindfulness: Collaboration is everything – there is no “them”, there is only “us”. It was clear in most communities – Corning being a good model – that work got done when people rowed in the same direction, especially if a major corporate sponsor is on board. There was acknowledgment that all players in the community have a role. When everyone respects one another, a lot gets accomplished. As one participant put it: “I love that every place we went was community minded.” This kind of collaboration enabled the ‘Race for Space’ program in Geneva, where entrepreneurs competed for a discounted downtown storefront lease.

The goal of the study tour was to learn from people at similar businesses in communities similar to those in Norfolk County and other parts of Ontario. A report prepared by Norfolk County staff, based on a survey of those who attended the tour, summarizes the learning moments that participants experienced in the Finger Lakes. The report has detailed information about each stop along the way, including key observations and learning moments.

 

Another insightful Finger Lakes tour

“Back by popular demand…”

It’s such a cliché, but in the case of the Finger Lakes Study Tour, it is so true.

Finger Lakes_96

It was my pleasure and honour to guide the tour, both years, with our driver Harvey (right). He got us there and back safely – even through freezing rain and grumpy border guards. Photo: Tracy Haskett

With help from Southwest Ontario Tourism and Norfolk County, I had the great pleasure and honour to guide 40+ business and community leaders through the Finger Lakes in March 2015. It was a great success. The tour concept won the award for Cross Border Cooperation and Regionalism from the Economic Developer’s Council of Ontario.

Participants enjoyed it and learned so much – they asked me to organize another tour. So, Finger Lakes Study Tour II happened in April 2016.

So, again this year, I wrote up a summary report about what we learned, based on a survey of participants. Over the course of a few blog posts, I’ll break the report down into manageable chunks.

Or – feel free to download the entire report at norfolkbusiness.ca.

In my next post, I’ll tell you about the 10 “learning moments” we experienced: enabling neighbourhood projects, upselling second-floor apartments, story-telling for business, social enterprise, and so on.

You can also read about last year’s Finger Lakes tour starting at Finger Lakes 2015 – Post #1

But first, special thanks to the many people who made the Finger Lakes Study Tour in April 2016 a success:

  • Andrew Tompkins, Finger Lakes Boating Museum
  • Brandon Kane and Joe Romano, GreenStar Cooperative Market
  • Chef Richard Larman
  • Chris Iversen, Birkett Landing
  • Chris Wright, Penn Yan
  • Christine Peacock and staff, Watkins Glen Harbor Hotel
  • Coleen Fabrizi, Corning’s Gaffer District
  • Debra Loehnert and staff, Three Birds Restaurant
  • Frédéric Bouché, Ports of New York
  • Harvey the Driver, Attridge Transportation Inc.
  • Jeremy Coffey and staff, Hermann Wiemer Vineyards
  • Joanne Wolnik and Jen Moore, Southwest Ontario Tourism Corp.
  • Joe Myer, Myer Farm Distillers
  • John Johnson, The Technology Farm
  • Karen Taft, Amanda Vinson and staff, New York State Wine & Culinary Centre
  • Katharine Korona and staff, Three Brothers Winery
  • Kris Pearson and Sandy Murrin, Arts Centre Yates County
  • Lauren Lowman and staff, Coltivare
  • Lorin Hostetler, Shtayburne Farm
  • Patrick Gaffney and John Jensen, Greater Hammondsport Chamber of Commerce
  • Phyllisa DeSarno, JoAnn Cornish and Annie Sherman, City of Ithaca
  • Sage Gerling, City of Geneva
  • Steve Griffin, Finger Lakes Economic Development Center
  • Suzan Richards, Susan Wolff, George and Carolyn Schaeffer, Milly’s Pantry
  • Trevor Davis and staff, Rooster Fish Brewery
  • Zach and Laura Cutlip, Winewagen Tours
  • Plus … Gail Bouw, Fritz Enzlin, Tracy Haskett for their photos in the report

 

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