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Nova Scotia Business Inc. Annual Report 2016-2017 (Invest Nova Scotia)

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FilingInvest Nova ScotiaJanuary 201777 pages116 min readOriginal source
Key number
30.5%
Increase in client-reported actual export sales p.36
What changed
26 clients
Clients that became new exporters, versus 7 in the previous year p.36

Summary

  • Client-reported actual export sales increased by 30.5%, against a goal of 5%.p.36
  • 26 clients became new exporters, against a goal of 15 and 7 in the previous year.p.36
  • Export sales from ICT, Seafood & Agri-food and Oceans clients rose 40.1%, and 14 of the new exporters came from these sectors.p.36
  • Over $35 million in funding was committed through the Strategic Investment Funds for FDI transactions.p.36
  • NSBI attracted 15 innovative, globally competitive, exporting FDI companies to locate in Nova Scotia.p.36
  • FDI transactions located outside Halifax increased by 25%.p.36

Key insights

  1. Clients in the high-potential clusters reported a 21.9% increase in payroll and a 9.9% decrease in capital investment.p.37
  2. The Small Business Development Program approved $749,000 across 66 applications.p.13
  3. IBM has hired more than 500 new employees from the area since its Halifax Client Innovation Centre opened in 2012.p.9
  4. NSBI missed its export targets in 2015-2016 and set an aggressive target for 2016-2017.p.6
  5. NSBI's mission is to drive economic momentum by helping businesses become successful exporters and by attracting investment.p.3

Published by Invest Nova Scotia (funder profile)

Funders mentioned

Chicago VenturesMitsubishi UFJ Financial Group

Topics and entities

Public funding and grantsSME finance and lendingStartup ecosystemsIBMNova Scotia Business Inc.Strategic Investment Funds

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