Hamilton's $25 million ace in the hole
For the third time in the past decade, Hamilton Golf and Country Club is preparing to host the RBC Canadian Open. And that's good news for Hamilton and area businesses, considering that the PGA Tour event is believed to pump $25 million into the local economy. "Believed" is the operative word, since the tournament's actual economic impact has never been calculated for either the 2003 event, won by Bob Tway, or the 2006 championship, won by Jim Furyk. The City of Hamilton instead relies on Golf Canada's rough calculations, which are based on Sport Canada's STEAM (Sport Tourism Economic Assessment Model) model.
"We simply feed Sport Canada the financial results and other relative information and (they) produce the report," explains Bill Paul, Managing Director of Professional Championships and RBC Canadian Open Tournament Director.
The Sport Canada calculator takes into account Golf Canada's business plan for the event as well as on-site spectator surveys.
One number known for sure is event sponsor RBC's $250,000 charity donation to Hamilton's Community Child Abuse Council.
Dollars to Doughnuts
A Tim Hortons may be coming to a corner near you, if there isn't one already there.
The iconic Canadian brand is pursuing another 700 locations across the country, including between 155 and 175 this year alone, suggests CEO Paul House. The proposed expansion would grow the iconic brand's number of locations from its current total of 3,295 to nearly 4,000. The Oakville-based company is also eyeing between 80 and 100 additional full-service locations in the U.S. in 2012, as well as 120 stores in more unlikely locales, such as Kuwait, Saudi Arabia and Bahrain by 2017.
The expansion comes at that same time as McDonald's is ramping up its beverage war with Tim Hortons, while the Humane Society is introducing a motion encouraging the company's board of directors to report on the feasibility of eliminating from its American supply chain all cratebred pigs, as well as eggs laid by caged hens. The Vancouver Humane Society recently launched a similar petition from Canadian suppliers.
Across North America, Tim Hortons Inc. currently employs more than 1,800 people in various functional areas.
Environmentally friendly shipping
The iconic FedEx envelope, which is already made from 100% recycled content and is 100% recyclable, is getting another environmentally friendly boost with the launch of FedEx's carbonneutral shipping program. The program will see FedEx Express calculate on an annual basis the tons of carbon dioxide released through the shipment of all global FedEx Envelopes. FedEx will then purchase the equivalent amount of carbon dioxide offsets via an investment in alternative energy or conservation projects from the not-for-profit BP Target Neutral.