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Infographic: Economic Impact of Shipbuilding in Halifax

Date post: 01-Nov-2014
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Infographic on the economic impact that, if Halifax shipyard is successful in their bid, will have on Halifax and the region.
1
NATIONAL IMPACT PROVINCIAL IMPACT LOCAL YEARLY IMPACT BROUGHT TO YOU BY: $107 $82 $195 $800 $89 $20 British Columbia Ontario Quebec Other Atlantic Canada Nova Scotia Prairie Provinces 0 4,000 8,000 12,000 UNIVERSITIES COMBAT VESSEL PROJECT* ARTS, ENTERTAINMENT AND RECREATION ACCOMMODATION SERVICES PLASTICS AND RUBBER MANUFACTURING NON-COMBAT VESSEL PROJECT* TRANSPORTATION EQUIPMENT MANUFACTURING * AVERAGE ANNUAL EMPLOYMENT NOTE: CHART IS MEANT AS AN ILLUSTRATION OF THE MAGNITUDE OF THE SHIPBUILDING PROJECTS AND NOT ACTUAL INDUSTRY TO INDUSTRY COMPARISONS JOBS AT PEAK REAL GDP IN OTHER PROVINCES GOES UP BY IN NOVA SCOTIA IN A TYPICAL PEAK YEAR OF ACTIVITY, REAL GDP INCREASES BY 420 NEW HOUSING UNITS $8.5 MILLION ON TELEPHONE SERVICES 750 NEW CARS $38.5 MILLION ON GROCERIES $11 MILLION IN RESTAURANTS IN PROPERTY TAX REVENUES NATIONAL SHIPBUILDING PROCUREMENT STRATEGY Building Canada’s next generation of naval vessels at Irving Shipbuilding’s Halifax Shipyard is a once-in-a-generation opportunity to secure thousands of long-term jobs, bolster Nova Scotia’s economy for a quarter-of-a-century and provide substantial economic benefits across Canada. BUILDING THESE VESSELS AT HALIFAX SHIPYARD WOULD DRIVE SUPERIOR BENEFITS TO THE REST OF CANADA. OTHER BENEFITS A GENERATION OF STABLE EMPLOYMENT; CATALYST TO REVERSE OUTWARD MIGRATION OF YOUNG PEOPLE AND ATTRACT OTHERS TO COME AND GROW OUR POPULATION; STABILITY FOR SMALL BUSINESSES; INCREASED CONFIDENCE IN THE COMMUNITY AND WITH BUSINESSES; HALIFAX BECOMES A HIGH-GROWTH CITY. INCREASE IN REAL GDP FOR EVERY $ 1000 OF PROCUREMENT IN NOVA SCOTIA EMPLOYMENT BY INDUSTRY COMPARISON INCREASE IN NOVA SCOTIA EMPLOYMENT NEW JOBS AND NEW INCOME WILL DRIVE DEMAND FOR: COMBAT VESSEL SCENARIO NON-COMBAT VESSEL SCENARIO PEAK OF 11,500 JOBS. OVER $400 MILLION IN PERSONAL DISPOSABLE INCOME. OVER $350 MILLION IN FEDERAL, PROVINCIAL AND LOCAL TAX REVENUE. SOURCE : CONFERENCE BOARD OF CANADA JUPIA CONSULTANTS INC. WWW.SHIPSSTARTHERE.CA 0 2,000 4,000 6,000 8,000 10,000 12,000 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 2013 2015 2017 2019 2021 2023 2025 2027 2029 YEAR NUMBER OF JOBS 11,030 8,453 6,138 5,217 4,645 3,744 3,262
Transcript
Page 1: Infographic: Economic Impact of Shipbuilding in Halifax

NATIONAL IMPACT

PROVINCIAL IMPACT

LOCAL YEARLY IMPACT

BROUGHT TO YOU BY:

$107 $82 $195

$800

$89 $20

British

Columbia

Ontario

Quebec

Other A

tlantic

Canada

Nova Scotia

Prairie Pro

vinces

0 4,000 8,000 12,000

UNIVERSITIES

COMBAT VESSEL PROJECT*

ARTS, ENTERTAINMENT AND RECREATION

ACCOMMODATION SERVICES

PLASTICS AND RUBBER MANUFACTURING

NON-COMBAT VESSEL PROJECT*

TRANSPORTATION EQUIPMENT MANUFACTURING

* AVERAGE ANNUAL EMPLOYMENT

NOTE: CHART IS MEANT AS AN ILLUSTRATION OF THE MAGNITUDE OF THE SHIPBUILDING PROJECTS AND NOT ACTUAL INDUSTRY TO INDUSTRY COMPARISONS

JOBS AT PEAK

REAL GDP IN OTHER PROVINCES GOES UP BY

IN NOVA SCOTIA

IN A TYPICAL PEAK YEAR OF ACTIVITY,

REAL GDP INCREASES BY

420 NEW HOUSING UNITS

$8.5 MILLION ON TELEPHONE SERVICES

750 NEW CARS $38.5 MILLION ON GROCERIES

$11 MILLION IN RESTAURANTS

IN PROPERTY TAX REVENUES NATIONAL SHIPBUILDING PROCUREMENT STRATEGY

Building Canada’s next generation of naval vessels at Irving Shipbuilding’s Halifax Shipyard is a once-in-a-generation opportunity to secure thousands of long-term jobs, bolster Nova Scotia’s economy for a quarter-of-a-century and provide substantial economic benefits across Canada.

BUILDING THESE VESSELS AT HALIFAX SHIPYARD WOULD DRIVE SUPERIOR BENEFITS TO THE REST OF CANADA.

OTHER BENEFITS

A GENERATION OF STABLE

EMPLOYMENT; CATALYST TO

REVERSE OUTWARD MIGRATION

OF YOUNG PEOPLE AND ATTRACT

OTHERS TO COME AND GROW

OUR POPULATION; STABILITY FOR

SMALL BUSINESSES; INCREASED

CONFIDENCE IN THE COMMUNITY

AND WITH BUSINESSES; HALIFAX

BECOMES A HIGH-GROWTH CITY.

INCREASE IN REAL GDP FOR EVERY $1000 OF PROCUREMENT IN NOVA SCOTIA

EMPLOYMENT BY INDUSTRY COMPARISON

INCREASE IN NOVA SCOTIA EMPLOYMENT

NEW JOBS AND NEW INCOME WILL DRIVE DEMAND FOR:

COMBAT VESSEL SCENARIO

NON-COMBAT VESSEL SCENARIO

PEAK OF 11,500 JOBS.

OVER $400 MILLION IN PERSONAL DISPOSABLE INCOME.

OVER $350 MILLION IN FEDERAL, PROVINCIAL AND LOCAL TAX REVENUE.

SOURCE : CONFERENCE BOARD OF CANADA JUPIA CONSULTANTS INC.

WWW.SHIPSSTARTHERE.CA

0

2,000

4,000

6,000

8,000

10,000

12,000

20122014

20162018

20202022

20242026

20282030

20132015

20172019

20212023

20252027

2029

YEAR

NU

MB

ER

OF

JO

BS

11,030

8,453

6,138

5,217

4,645

3,744

3,262

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