Presentation for HLP
- 1. NOVA SCOTIA Halifax Logistics Park
- 2. Nova Scotia Business Inc. (NSBI) We are… • Nova Scotia’s business development agency • An arms-length provincial government organization • Business people with private sector experience • Governed by a private sector board of directors
- 3. What do we do? • Attract foreign investment • Work with Nova Scotia companies to: – Explore new markets – Help them sell goods and services abroad – Identify business partnership opportunities – Provide venture capital – Provide business financing • Work with partners to grow and sustain businesses and key sectors within the province
- 4. Canada – Strong Economy • Fastest growing economy in the G-7 • Financial system that is the envy of the world • The highest proportion of engineers in the G-8 • The lowest statutory payroll costs in the G-7
- 5. Canada – Quality of Life • Best overall quality of life in the G-7 • Safest place to live • Multicultural - first among G-7 for equal opportunity • Progressive immigration laws
- 6. Canada – Best Country for Business Canada was ranked # 1in Forbes’ latest annual study on the Best Countries for Business, up from 4th place last year Canada ranked in the top ten in 7 of the 11 criteria used in the study, most notably personal freedom (1st); degree of red tape involved in starting a business (3rd); investor protection (5th) and low corruption (6th). Top Ten Countries to Conduct Business in 2011 1st 2nd 3rd 4th 5th Rank 6th 7th 8th 9th 10th ay d k nd en da e ng . . K .A ar lan or rw U. ala na ed Ko S nm ap Ire U. No Sw Ca Ze ng ng De Si Ho w Ne *Standing among 134 countries. Rankings based on the following eleven categories of quantitative and qualitative indicators: trade freedom, monetary freedom, property rights, innovation, technology, red tape, investor protection, corruption, personal freedom tax burden and market performance. Source: Forbes Publishing, October 2011
- 7. Nova Scotia Population: Nova Scotia: 1 million Halifax: 400,000 Sydney: 100,000 Atlantic Canada: 2.2 million
- 8. Nova Scotia – Then
- 9. Nova Scotia – Now Knowledge Economy 10 Universities 13 Community Colleges
- 10. Great Things Are Happening Deep Panuke Project Churchill Falls Project
- 11. Top City of the Future Halifax #2 out of 405 cities. Source: fDi Magazine
- 12. Key Growth Sectors • Logistics • Aerospace, Security, and Defense • Financial Services • ICT • Digital Media • BPO / KPO • Life Sciences / Ocean Tech / Clean Tech
- 13. Why Nova Scotia? • Skilled & Experienced Workforce – Military Retirees – 10 universities / 13 community college campuses – Nova Scotia has more university students per capita than any other province in Canada • Cost-competitive – Operational costs in Halifax are on average 7.3% less than in the US
- 14. Why Nova Scotia? • Strategic Location – Accessible – Time Zone (Atlantic Time) – Proximity to North American markets • Accessible – Major ports – Award-winning international airport • US pre-clearance • Quality of Life – Affordable cost of living – Loyal employees • Client-focused – Collaboration for client success
- 15. Provincial Programs • Main Incentives – TKT incentive for training and knowledge transfer costs – Rebates toward the cost of: • technologically-advanced machinery • clean technology • manufacturing equipment • software and hardware (20% a year) – Payroll rebates – Nova Scotia Jobs Fund
- 16. Federal Programs • Atlantic Innovation Fund (AIF) via the Atlantic Canadian Opportunities Agency (ACOA) • Export Development Canada Programs • Foreign Trade Zone – Duty Deferral Program – Export Distribution Centre Program – Exporters of Processing Services Program
- 17. Industry, Government & Academia – Working Together • Premier’s Office Team • Government (Federal / Provincial / Municipal) Nova • Nova Scotia Business Inc. • Post-secondary Institutions Scotia • Industry Associations • Business Community
- 18. A Great Place to Live