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Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
Halifax Index Presentation 2013
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Halifax Index Presentation 2013

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The Halifax Index is a definitive look at Halifax's economic and community progress. It tells our city’s story – the strength of our economy, the health of our community, and the sustainability of our …

The Halifax Index is a definitive look at Halifax's economic and community progress. It tells our city’s story – the strength of our economy, the health of our community, and the sustainability of our environment – and provides insights for actions that will strengthen and grow our city.

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  • 1. The Halifax IndexAn economic gut check with insights for actionMay 22nd, 2013Fred MorleyExecutive Vice-President and Chief Economist
  • 2. The Halifax Index• A gut check on our performance• Share timely and relevant information in narrative form• Create a dialogue that allows us to ask the right questions• Affirm actions and suggest course corrections to ourEconomic Strategy
  • 3. The Halifax Index Approach• Broadening the definition of economic progress;• Working with research capable organizations to find the mostaccurate measures of success;• Benchmarking our progress against others;• Don’t point fingers, build partnerships.
  • 4. EconomicProgressQuality of LifeEconomicGrowthSustainabilityPeople
  • 5. People
  • 6. PeoplePopulationEducation Labour ForceWorkforceStability
  • 7. PopulationPopulation EstimatesMigration, Halifax
  • 8. 2011-12 Migration, Benchmarks328814733250 328649701913-2000-1000010002000300040005000InternationalInterprovincialIntraprovincialInternationalInterprovincialIntraprovincialInternationalInterprovincialIntraprovincialInternationalInterprovincialIntraprovincialInternationalInterprovincialIntraprovincialInternationalInterprovincialIntraprovincialHalifax St. Johns Quebec City London Regina Victoria
  • 9. EducationUniversity EnrolmentCommunity College Enrolment
  • 10. Labour ForceLabour Force SizeEmployment
  • 11. Labour ForceParticipation RatesUnemployment Rates
  • 12. Workforce Stability10.2 10.49.68.210.011.1Halifax St.JohnsQuebecCityLondon Regina Victoria2010 2011Absence rates of full-time employees – illness,Disability, personal or family responsibility0.0210.0070.0270.0100.0000.034NovaScotiaNewfoundlandQuebecOntarioSaskatchewanBritishColumbia2011 2012Per capita days lost due to strike
  • 13. Economy
  • 14. EconomyGrossDomesticProductSectorsConsumerBehaviourConstructionCommercialSpaceGatewayMovementBusinessConfidence
  • 15. GDPReal GDP, Winter Publication ($2002)Per capita real GDP ($2002)
  • 16. GDP Forecast – Conference Board
  • 17. Sectors
  • 18. Which city is Halifax’s diverse sectormix closest to?
  • 19. Answer: Toronto
  • 20. Consumer BehaviourRetail sales - $ millionsHousing Starts and Sales
  • 21. ConstructionBuilding permitsNon-residential construction
  • 22. Commercial SpaceCommercial inventory and vacancy rates
  • 23. Gateway3,594,164243,5773,605,701252,847Air Passengers (En/Deplaned) Cruise Passengers2011 2012410,64929,263416,57229,569TEUs Air Cargo2011 2012Air and cruise passengersAir cargo and twenty-foot equivalents
  • 24. Business Confidence
  • 25. Business Confidence15%64%16%5%19%59%18%4%Above Average Just Average Below Average Dont Know/NoAnswerSpring 2012 Spring 2013Rating of Halifax as a place to do business12%74%10%2% 2%10%77%11%1% 1%ExtremelyOptimisticModeratelyOptimisticNot VeryOptimisticNot at allOptimisticDontKnow/NoAnswerSpring 2012 Spring 2013Optimism of current economic prospects in Halifax
  • 26. Quality of Place
  • 27. Quality ofPlaceSafetyAffordabilityHealthCommunityArts, Culture,andRecreation
  • 28. SafetyTotal and violent crime indices
  • 29. Safety15%76%2% 4% 2%19%65%2%7%1%CompletelySatisfiedMostlySatisfiedNeitherSatisfied norDissatisfiedMostlyDissatisfiedCompletelyDissatisfiedSpring 2012 Spring 2013Business satisfaction with police services
  • 30. AffordabilityPersonal income per capitaMarket basket measure threshhold
  • 31. AffordabilityPersons in low income – below market basket measure
  • 32. HealthPerceived health – good or excellentPerceived mental health – good or excellent
  • 33. CommunitySense of belonging to local communitySomewhat or very strongLife satisfactionSatisfied or very satisfied
  • 34. Arts, Culture and RecreationHRM registrations in library andRecreation programs
  • 35. Sustainability
  • 36. SustainabilityDensityTransportation EnvironmentMunicipal FiscalSustainability
  • 37. DensityPersons per km2 , urban areas# of permits and value, Regional CentreAnd rest of HRM, 2012-13Regional Centre Residual HRMTotal Value Permits Total Value Permits2011 $112,138,880 313 $366,145,609 4952012 $274,183,327 321 $334,241,514 360% of Value in RC- 201123.40%% of Value in RC- 201245.10%
  • 38. Transportation% of riders satisfied with transitTotal riders and hours of service
  • 39. EnvironmentNovaScotiaNewfoundlandQuebecOntarioSaskatchewanBritishColumbiaDrinking water qualityA- B B-AB-C+
  • 40. EnvironmentWaste per capita (tonnes) and diversion rate
  • 41. Municipal Fiscal SustainabilityResidential/Commercial Tax Split, MunicipalRevenues by Source, HRM
  • 42. Commercial Tax Base$5,739,143,000$6,101,700,400$6,507,667,2002010 2011 2012
  • 43. Special AnalysisIs Halifax’s labour market sustainable?David Fleming – Economist
  • 44. Labour Force Analysis• An expanded labour force analysis against 12 other Canadiancities• Outcomes by – gender and age• In 2014 – ethnicity and immigration outcomes (with NHSrelease)
  • 45. Overall – Labour Force & EmploymentChange – 2006 to 2012-5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0%CanadaHalifaxSt. JohnsQuebec CityMontrealLondonTorontoOttawaWinnipegReginaEdmontonCalgaryVancouverVictoriaHalifax GrowthLabour Force11.1% - 9thEmployment9.8% - 8th
  • 46. Participation/Unemployment Rates20120.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0%CanadaHalifaxSt. JohnsQuebec CityMontrealLondonTorontoOttawaWinnipegReginaEdmontonCalgaryVancouverVictoriaHalifaxParticipation69.8% - 7thUnemployment6.1% - 7th
  • 47. Gender
  • 48. Population 2012 – 000’s0 500 1000 1500 2000 2500 3000HalifaxSt. JohnsQuebec CityMontrealLondonTorontoOttawaWinnipegReginaEdmontonCalgaryVancouverVictoriaMale FemaleHalifaxGrowth 2006-2012Female: 9.4% - 7thMale: 10% - 8th
  • 49. Labour Force – 000’s0 500 1000 1500 2000HalifaxSt. JohnsQuebec CityMontrealLondonTorontoOttawaWinnipegReginaEdmontonCalgaryVancouverVictoriaMale FemaleTwo cities with morewomen than men inlabour force (Halifax andVictoria)HalifaxGrowth 2006-2012Female: 13.7% - 4thMale: 8.5% - 10th
  • 50. Employment - 000’s0 200 400 600 800 1000 1200 1400 1600 1800HalifaxSt. JohnsQuebec CityMontrealLondonTorontoOttawaWinnipegReginaEdmontonCalgaryVancouverVictoriaFemale MaleTwo cities with morewomen than men withJobs (Halifax andVictoria)HalifaxGrowth 2006-2012Female: 13.7% - 4thMale: 8.5% - 10th
  • 51. Unemployment/Participation Rates0.0% 50.0% 100.0%HalifaxSt. JohnsQuebec CityMontrealLondonTorontoOttawaWinnipegReginaEdmontonCalgaryVancouverVictoriaFemale MaleParticipation, 20120.0% 2.0% 4.0% 6.0% 8.0% 10.0%HalifaxSt. JohnsQuebec CityMontrealLondonTorontoOttawaWinnipegReginaEdmontonCalgaryVancouverVictoriaFemale MaleUnemployment, 2012
  • 52. Unemployment/ParticipationOverall Halifax 2012 Participation Rates:Male: 72.5% - 7thFemale: 67.5% - 6thOverall Halifax 2012 Unemployment Rates:Male: 6.8% - 7thFemale: 5.5% - 5thSpread between male/female participation rate in Halifax lowestamong cities; highest spread between unemployment rates
  • 53. Why are women doing comparatively better in Halifax?One possible reason – alignment of education and growth sectorsProgram % of enrolled who arefemale in MaritimeuniversitiesHealth care, socialassistance and educationmade up over 50% of newjobs since 2006Health professionsSocial sciencesEducation81%62%71%
  • 54. Age
  • 55. 15-24 – Labour Force and EmploymentChange 2006-2012-20.0% -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0%CanadaHalifaxSt. JohnsQuebec CityMontrealLondonTorontoOttawaWinnipegReginaEdmontonCalgaryVancouverVictoriaEmployment Labour ForceHalifax GrowthLabour Force-0.3%- 6thEmployment-3.4%- 6th
  • 56. 15-24 Unemployment/Participation Rates20120.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0%CanadaHalifaxSt. JohnsQuebec CityMontrealLondonTorontoOttawaWinnipegReginaEdmontonCalgaryVancouverVictoriaUnemployment Rate Participation RateHalifaxParticipation67.8% - 6thUnemployment12.3% - 6th6th highest spreadBetween UE of 15+and UE of 15-24
  • 57. 25-44 – Labour Force and EmploymentChange 2006-2012Halifax GrowthLabour Force0.9%- 11thEmployment-1.2%- 12th-5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0%CanadaHalifaxSt. JohnsQuebec CityMontrealLondonTorontoOttawaWinnipegReginaEdmontonCalgaryVancouverVictoriaEmployment Labour Force
  • 58. 25-44 Unemployment/Participation Rates2012HalifaxParticipation88.7% - 5thUnemployment6.2% - 8thHalifax had 2ndhighest increasein UE since 2006 –4.2% to 6.2%0.0% 20.0% 40.0% 60.0% 80.0% 100.0%CanadaHalifaxSt. JohnsQuebec CityMontrealLondonTorontoOttawaWinnipegReginaEdmontonCalgaryVancouverVictoriaUnemployment Rate Participation Rate
  • 59. 45+ – Labour Force and EmploymentChange 2006-2012Halifax GrowthLabour Force30.1% - 1stEmployment30.3% - 1stHalifax alsoranks 1st in 55+and 65+ LFgrowth0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0%CanadaHalifaxSt. JohnsQuebec CityMontrealLondonTorontoOttawaWinnipegReginaEdmontonCalgaryVancouverVictoriaEmployment Labour Force
  • 60. 45+ Unemployment/Participation Rates2012HalifaxParticipation57.9% - 5thUnemployment3.5% - 4thHalifax had 2ndhighest spreadBetween 45+ UE and15+ UE – 2.6%0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0%CanadaHalifaxSt. JohnsQuebec CityMontrealLondonTorontoOttawaReginaCalgaryVancouverVictoriaUnemployment Rate Participation Rate
  • 61. Halifax Labour Force and Employment2006-201215-24 25-44 45+Labour Force – Actual (000’s) -0.1 0.9 23.1Employment – Actual (000’s) -1.2 -1.1 22.4Labour Force - % of Total -0.4% 3.8% 96.7%Employment - % of Total -6.0% -5.5% 111.4%
  • 62. Steps towards ensuring a sustainableworkforce• Labour market education for youth• Flexible work strategies to maximize productivity• Workforce development through partnership• Young and foreign student entrepreneurship
  • 63. Special AnalysisA Halifax Innovation Agenda
  • 64. Canada’s InnovationProblemConference Board of Canada’s annual How Canada PerformsPublicationCanada particularly struggles in: exports, venture capital,patents, ICT investment and connectivity, business R & DSpendingScientific research and creation of new business is high,however they lack the follow through towards commercialproducts and services
  • 65. Why does innovation matter?“Innovation is essential to a high-performing economy. Overall, countries that aremore innovative are passing Canada on measures such as income per capita,productivity, and the quality of social programs.It is also critical to environmental protection, a high-performing education system,a well-functioning system of health promotion and health care, and an inclusivesociety. Without innovation, all these systems stagnate and Canada’s performancedeteriorates relative to that of its peers.” – CBOC• These critical systems are at the heart of our broader definition of economic andcommunity progress – and why the Halifax Index was developed.
  • 66. Nova Scotia’s R & D Investment DeficitPer capita investment in R & D -2009$0 $100 $200 $300 $400 $500 $600Federal GovernmentProvincial GovernmentBusiness EnterpriseHigher EducationPrivate Non-ProfitForeignBritish ColumbiaOntarioQuebecNewfoundlandNova ScotiaCanadaCompared to nationalaverage:• Foreign: 15%• Business: 23%• Provincial: 29%
  • 67. Business Intentions - Halifax
  • 68. R & D – Relationship to other outcomes
  • 69. Developing a Halifax Innovation Agenda• Develop more industry-driven university and collegepartnerships aimed at commercialization• Mitigate the risk of new entrepreneurship through support forcluster incubation and acceleration• Foster the development of private-sector led regionalbusiness clusters around industries that are alreadysucceeding• Adjust our culture from risk-adverse to one with anabundance of support for new ideas, opportunities andpartnerships - making winning bets

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