This is a presentation titled "The Catalytic Impact of the National Shipbuilding Procurement Strategy" presented by Fred Morley, Executive VP and Chief Economist
Greater Halifax Partnership on May 27, 2011
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
Shipbuilding in Halifax
1. Shipbuilding in HalifaxThe Catalytic Impact of the National Shipbuilding Procurement Strategy Fred Morley Executive VP and Chief Economist Greater Halifax Partnership
2. Is This Really The Biggest Project Since the Navy Came to Town 100 Years Ago?
3. Is This Really The Biggest Project Since the Navy Came to Town 100 Years Ago? Yes If Irving Shipbuilding Inc. becomes a prime contractor under the NSPS and undertakes the 30 year combat vessel program
4. The Broad Economic Impacts for Nova Scotia Summary Economic Impact in Nova Scotia by NSPS Project Dollar values shown in $Millions *Direct, indirect and induced in Nova Scotia. **All dollar values except real GDP are shown in current (non-inflation adjusted) dollars. Real GDP is shown in basic prices 2002 dollars). Source: Conference Board of Canada (May 2011)
5. Where Will People Spend Personal income in Nova Scotia will jump by $447 million a year on average Transportation 750 new cars per year $17 million in gasoline sales $7.5 million in auto insurance premiums Housing 420 new homes a year 8000 over the life of the project
6. How Big is Big? Bigger than whole sectors in an average year. Bigger than all employment in the province’s 11 universities in a good year. Chart is meant as an illustration of the magnitude and not an “apples to apples” comparison
7. If Halifax Wins EVERYONE WINS The supply chain, indirect benefits and industrial and regional benefits of a Halifax based program would generate benefits in every region. Halifax is the best option for broad national impact Canadian Patrol Frigate Program Example 25% of direct spending in Ontario Increase in Real GDP for every $1,000 of Procurement in Nova Scotia Shipbuilding ONT $ 195 BC $ 107 QUE $ 89 Prairie Provinces $ 82 Other Atl. Canada $ 19 $ - $100 $200 $300 Source: Conference Board of Canada (2011).
8. Can One Project Turn Around A Whole Province? Yes This could shift GDP by 2.4% a year. Halifax becomes one of Canada fast growth cities Nova Scotia population trends could turn around The NSPS should be the start of a much bigger and longer expansion of the shipbuilding sector in Nova Scotia and the region. The cornerstone of Nova Scotia’s Ocean’s Cluster.
9. How Good Are Our Chances? Company capability $90 million invested in capital and people in the last 5 years Irving has built 80% of the current surface combat ships fleet Top 5 aerospace and defence company Talented workforce Community capability 35,000 university and community college Base of operations for the Canadian Navy..Next-door Community, Provincial and Atlantic Region Support We do shipbuilding
10. People Are Helping Labour leaders, education stakeholders and community leaders are excited about the NSPS as a catalytic investment in the region. The Halifax Chamber of Commerce, the Greater Halifax Partnership and many other business groups have endorsed the project. The Nova Scotia Legislature issued an all-party resolution in support of the ISI bid. Labour leaders in Nova Scotia have expressed public support and other community leaders are also endorsing the concept. Atlantic Mayors HRM Council The Council of Atlantic Premiers www.shipsstarthere.ca