Halifax's Economic Progress, Quality of Life and Sustainable Growth
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The document discusses population growth and economic trends in Halifax, Nova Scotia. It notes that Halifax experienced strong population growth in 2014 that was even higher than previously estimated for 2013. It also discusses Halifax's growing startup culture and economy, with sectors like ocean technology continuing to expand. Sustainability indicators like decreased car dependency and increased apartment construction are improving the city's quality of place. Crime and workplace safety rates continue to climb while measures of community remain middle of the pack.
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Halifax's Economic Progress, Quality of Life and Sustainable Growth
- 4. PEOPLE
- 5. STRONG POPULATION GROWTH IN 2014
- 6. …AND STRONGER THAN THOUGHT IN 2013 1,799 1,418 4,424 -1,000 0 1,000 2,000 3,000 4,000 5,000 6,000 2002 2004 2006 2008 2010 2012 2014 Halifax Population Growth (people) Population Growth 2015 Revision Annual average
- 8. Out Migration is an Age Thing -1200 -1000 -800 -600 -400 -200 0 200 400 0 to 4 years 5 to 9 years 10 to 14 years 15 to 19 years 20 to 24 years 25 to 29 years 30 to 34 years 35 to 39 years 40 to 44 years 45 to 49 years 50 to 54 years 55 to 59 years 60 to 64 years 65 to 69 years 70 to 74 years 75 to 79 years 80 to 84 years 85 to 89 years Net Outmigration by Age Group 20 Year Average & Current Year 2013/2014 Average
- 9. THE IMPACT OF NET OUTMIGRATION ON NOVA SCOTIA • 1300 PEOPLE A YEAR (NET) • $80,000 in net taxes if they have a bachelors degree or higher, for each person • $47 million in lifetime net taxes, every year • $1.2 billion in lifetime income, every year • A focus on retaining new grads…over $1 billion in provincial revenue over the last 10 years
- 10. RAPID GROWTH IN INTERNATIONAL STUDENTS
- 11. HALIFAX: A STARTUP CAPITAL
- 12. IT’S ABOUT IT.
- 13. NOVA SCOTIA’S START UP SPACE
- 14. ECONOMY
- 15. HalifaxTied for Fastest Growth in 2015 Source: Conference Board of Canada, Metro Outlook Spring 2015
- 17. OceanTech Cluster Continues to Grow
- 22. SUSTAINABILITY
- 23. HALIGONIANS LESS DEPENDENT ON CARS
- 24. SHIFT TO APARTMENT STARTS GROWING THE CORE
- 25. QUALITY OF PLACE
- 26. CONTINUED IMPROVEMENT IN CRIME RATES
- 27. CONTINUED IMPROVEMENT IN WORKPLACE SAFETY
- 28. OUR SENSE OF COMMUNITY IS MIDDLE OF THE PACK
- 31. PLACE MAKING: SOCIAL OFFERINGS 31
- 32. PLACE MAKING: OPENNESS Share Thanksgiving 32
- 34. 34
Editor's Notes
- The Halifax Index measures Halifax’s progress toward broad economic development It benchmarks Halifax’s progress against five Canadian cities
- Eliminating net youth out migration would double our growth rate for GDP in any given year and make us the fastest growing province in Canada. Net provincial taxes = tax revenues after program spending
- the Island Sandbox: Cape Breton University and NSCC Marconi Campus -- the Community Sandbox: Saint Mary's University, NSCAD University, and Mount Saint Vincent University -- the Nova Scotia Agriculture Sandbox: Dalhousie University and Acadia University -- the ICT Sandbox: Dalhousie University, Saint Mary's University, NSCAD University and Volta Labs
- Strong growth in 2015 led by the manufacturing sector as work gets underway at the Halifax Shipyard Construction sector output forecast to increase as housing starts begin to turn around after a very soft year in 2014 Services sector expected to benefit from strength in goods sector
- New Ocean Innovation Centre at former Canadian coast Guard site in Dartmouth Waterfront Dev Corp to work with gov, industry, and post-secondary to drive more investment, commercialization, exports, and growth Adds to province’s 200 company ocean tech sector which employs 15% of Nova Scotian’s, includes 450 PhDs and accounts for a third of the province’s R&D
- Dr. Katherine Loflin Placemaking – Soul of the Community and Beyond In a multi-year, multi-city study led by Dr. Loflin called "The Soul of the Community," nearly 43,000 people in 26 communities across the United States indicated the three main factors that describe why they have become attached to, and stay in, a community. The three factors are aesthetic beauty, the opportunities for socializing that the place provides, and its openness. This attachment improves a community's economic prospects-people who are more attached to a place tend to work harder, spend more locally, and are more entrepreneurial, and places worth attaching to are able to attract and retain a more talented workforce, which in turn attracts more business.
- The Halifax Index measures Halifax’s progress toward broad economic development It benchmarks Halifax’s progress against five Canadian cities