Nova Scotia Commission on Building Our New Economy

COMMUNITY ENGAGEMENT SESSION BRIDGEWATER M A R C H 6 TH, 2 0 1 3

Building Our New Economy

WORDLE

Members Appointed By Premier

Ray Ivany, Chair Irene dEntremont Dan Christmas Susanna Fuller President, Acadia University President, ITG Information Management Inc. Senior Advisor, Membertou Business Enterprises Marine Conservation Coordinator, Ecology Action Centre Founder and CEO, Oxford Group of Companies

John Bragg

Mandate
engage citizens in meaningful, informed conversations

about our economic opportunities and challenges;

identify, with Nova Scotians, new directions for wealth

creation in all regions of our Province.

The Bucket of Ice Water....

Population Change (2001-2011)

Population Change By Region

(2009 2034)
<20 Yrs 20-64 Yrs >64 Yrs Total

Province CB Northern Valley Southwest HRM

-30% -29% -26% -4% -37% -2%

-21% -26% -20% -2% -9% -13%

+41% +44% +50% +42% +40% +49%

-4% -13% -10% -6% -6% +1%

Our Labour Supply

8 1,000,000 900,000 800,000
65 years and over 0 to 17 years 18 to 64 years All ages
FORECAST

700,000
600,000 500,000 400,000 300,000 200,000 100,000
1971 1976 2001 2006 2011

1991

2016

1981

1986

1996

2021

2026

2031

2036

GDP Growth 1990 to 2011

6.0% 5.0% Fishery collapse Govt spending restraint Monetary tightening Peak Sable production Declining gas and forest product output Rising dollar Final closures of steel and coal

4.0%
3.0% 2.0% 1.0% 0.0% -1.0% -2.0% -3.0% -4.0%

Canada NS

Sector Churn & Growth in Services

Manufacturing

2007-2011

Construction Agriculture/Forestry/Fishing

2003-2007

Manufacturing Mining/Oil/Gas, -2.9% Agriculture/Forestry/Fishing

Construction

Health/Education/Public Admin Services-Private Goods All industries

1997-2003

Manufacturing Construction Agriculture/Forestry/Fishing

1990-1997

Construction Mining/Oil/Gas, -3.8% Agriculture/Forestry/Fishing

Manufacturing

-10.0%

-5.0%

0.0%

5.0%

10.0%
12

 Lower domestic income per capita

Add.

than Canada Higher domestic spending on public services Lower domestic spending on investment Trade with other Provinces > trade with other countries Primarily service-based economy

Yet.
$25 billion shipbuilding contract and supply chain

strategy Michelin investment Strong education, research, & product development capacity Renewable and non-renewable energy sector growth Natural beauty & wonderful communities Rising spirit of innovation, start-ups, & social enterprise Promising artisanal, creative and knowledge sectors Pride of place, spirit of determination

Bowater Transition Process

Develop small business hubs, lending, red tape

reduction North Queens Innovation Centre

Business incubation Centre, Learning Centre, computer training R&D& Demo Facility at Bowater-Resolute Mill site Community Forest acquisition of Bowater lands Wood Excellence Training Centre

Forest Resources

Agriculture, Seafood Arts, Culture & Natural Beauty

Performance arts centre, build on existing assets

Unesco Southwest Nova Biosphere Reserve

Moving Forward
There is substantial risk to Nova Scotias standard of living

if we cant adjust We must together find ways to generate wealth in this province we can do better! We must build on whats working and ensure all opportunities are maximized We must build on new opportunities in this province and increase the scale of projects and activities We must find solutions together to build Our New Economy!

Wordle Result

Shout Out.

What do you like most about living in your community?

Together Discuss (will highlight three)

Whats working well to build your communitys economy?

Give three concrete examples of a successful business, initiative , job creation effort that generates wealth in your community, ie: Acadia commercializing research Give three ideas to turn this around, ie: regulations in a certain sector

What is working against prosperity in your community?

What are the best ways to create new opportunities for

employment in your area? Who would be involved?

Ie, each small business expanding by two employees

Name and describe successful efforts elsewhere in the

world, how can we adapt their best practices? If you could make two changes in NS toward improving our economy, they would be.

On Your Own Finish the Sentence

We will have succeeded if in 10 years

Thank You for Your Input!

What Happens Next?

We listen and learn from Nova Scotians throughout

the province We seek advice from those already examining the issues (economic advisory group) Produce a report on What Weve Heard in April 2013 Deeper dive May to November Back out to discuss our findings December to March Report to public- April 2014

Ways to Stay Involved

12 Community Meetings Feb April

onens.ca

onenovascotia @oneNovaScotia formal written submissions (voluntary), video submissions

Thank You!