Date post: | 29-Oct-2014 |
Category: |
Economy & Finance |
Upload: | greater-halifax-partnership |
View: | 544 times |
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WHAT IS THE HALIFAX INDEX?
•The Halifax Index measures Halifax’s progress toward broad economic development
•It benchmarks Halifax’s progress against five Canadian cities
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Components of Economic Development
Economic Development
People
Sustainability
Quality of Place
Economy
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PEOPLE
A MODEST YEAR FOR POPULATION GROWTH
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NET INTERPROVINCIAL OUTMIGRATION FROM HALIFAX
2001/2002
2002/2003
2003/2004
2004/2005
2005/2006
2006/2007
2007/2008
2008/2009
2009/2010
2010/2011
2011/2012
2012/2013
-2500
-2000
-1500
-1000
-500
0
500
1000
1500
40 and over Under 40
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SOFT YOUTH LABOUR MARKET
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NET MIGRATION FROM REST OF NS
-500
0
500
1000
1500
2000
2500
3000
3500
4000To Halifax To Other Provinces
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Trend in Halifax University and NSCC enrollment
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20012002200320042005200620072008200920102011201220130
5,000
10,000
15,000
20,000
25,000
30,000
35,000
4,629
29,610
NSCC Universities
OPPORTUNITY: INTERNATIONAL STUDENTS
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MODERATE EMPLOYMENT GROWTH
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STEADY IMPROVEMENT IN WORKPLACE SAFETY
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ECONOMY
ROBUST ECONOMIC GROWTH IN 2013
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BUSINESS CONFIDENCE SLIDING
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ANOTHER STRONG YEAR FOR THE HALIFAX GATEWAY
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HOUSING MARKET SHIFT TO APARTMENTS
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QUALITY OF PLACE
BIG REDUCTION IN CRIME
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BIGGER REDUCTION IN VIOLENT CRIME
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STRONG INCOME GROWTH OUTPACED LIVING COSTS...
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STRONG GROWTH IN THE ARTS AND CULTURE SECTOR
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SUSTAINABILITY
HIGHEST USE OF PUBLIC TRANSIT
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DENSITY REDUCES DEPENDENCE ON CARS
•Use of public transit to get to work is much higher in the Regional Centre
•Regional Centre residents are also more likely to walk or cycle to work
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APARTMENT STARTS FAVOUR REGIONAL CENTRE
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MUNICIPAL FINANCES IN GREAT SHAPE
•Halifax’s credit rating remains at AA- with a stable outlook, indicating confidence in the city’s long-term fiscal health h
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Big Take-Aways
• We are getting old too fast• We don’t treat our future workforce well• We can turn this around.• The economy is growing, but the drivers are changing. • We get great marks on our quality of place, sustainability and city finances. • We are cautiously positive about our future.
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What’s Next
• Economic growth will jump significantly this year and next.
• We’ve got some things to work on….• Retain more people. • Attitudes need to shift• Change could begin here. h
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