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Driving Business Growth in Nova Scotia

first_imgInnovation and collaboration are key to sustainable economic growth in Nova Scotia. Nova Scotia Business Inc. (NSBI)continued to draw upon these concepts in 2005-06. The province’s business development agency released its fourth annual report today, Oct. 31. In 2005-06, NSBI’s clients posted a record year for job creation with up to 5,000 jobs expected to be created and maintained over the next five years. Research In Motion’s (RIM) expansion alone is expected to create up to 1,200 of these jobs. “Collaboration requires a great deal of commitment and trust from all sides,” said Tom Stanfield, chair of NSBI’s board. “Nova Scotians prove day in and day out that collaboration works and it’s the reason why we continue to build on our tremendous growth in 2005-06.” The annual report spans the fiscal year from April 1, 2005 to March 31, 2006 and highlights several accomplishments: NSBI’s business advisory team worked with businesses, owners and managers across the province to assess opportunities and support growth. During 2005-06, they carried out more than 800 face-to-face meetings with businesses in every region of the province, creating close to 400 qualified referrals to help these businesses grow. NSBI’s business development executives concluded 15 transactions with some of the world’s top companies in sectors like information technology and defence and aerospace. With the help of payroll rebate investments alone, up to 3,900 potential jobs are expected to be created and maintained. This would translate into a return on investment to the province of about 58 per cent. NSBI’s financial services team completed 12 transactions that made a significant impact on the economy and to Nova Scotians. In 2005-06, NSBI authorized a total of $8,045,000 to strengthen businesses in Nova Scotia’s foundation and technological industries. In 2005-06, NSBI’s export team arranged more than 1,300 selling or partnering meetings for 197 clients, all of whom reported new and further export market penetration. As a direct result, these companies had combined export sales totalling more than $54 million. “NSBI is proud of the accomplishments we have achieved in 2005-06,” said Stephen Lund, president and CEO of NSBI. “This past year, we adopted a team Nova Scotia approach by bringing together business and industry representatives, academics and senior government officials to secure many companies that expanded to the province.” “A forward-thinking attitude along with a lot of dedication are key to sustainable economic growth in the province,” said Richard Hurlburt, Minister of Economic Development. “We all have a great part to play in creating an even stronger business case for Nova Scotia and making sure we celebrate many more successful years in the future.” Nova Scotia Business Inc. is the province’s business development agency, an organization that works with companies to provide business solutions. The private sector-led agency works to attract new business to the province and help those already in Nova Scotia expand through services such as export development and financing. For more information on the 2005-06 annual report see the website at www.novascotiabusiness.com/annualreport2006 .last_img read more

UN envoy praises political leadership in Sierra Leone

8 June 2009A senior United Nations official today said that Sierra Leone’s political leadership deserves praise for signing an agreement that brought an end to the “spiral of violence” in the West African nation. Michael von der Schulenburg, the Secretary-General’s Executive Representative for the UN Integrated Peacebuilding Office in Sierra Leone (UNIPSIL), told the Security Council that the country’s politicians “deserve the highest praise for how they have handled the recent outbreak of political violence in their country when they came together and signed and committed to the Joint Communiqué.” The governing All People’s Congress (APC) and the opposition Sierra Leone People’s Party (SLPP) signed that agreement on 2 April, ending violence between the two parties that erupted in early March. Sierra Leone’s 11-year civil war ended in 2002. The Joint Communiqué also “recognizes the joint responsibility that both the governing and the opposition parties have in building a democratic and prosperous Sierra Leone,” Mr. von der Schulenburg told the 15-member Council.He also noted that a joint strategy called the “UN Family’s Joint Vision for Sierra Leone” brings together UNIPSIL and all 17 UN development and humanitarian agencies, programmes and funds that operate in Sierra Leone.The envoy expressed hope that the Council will support that the effort, which runs through 2012 requires a budget of $350 million.In his most recent report on UNIPSIL, Secretary-General Ban Ki-moon wrote that Sierra Leone’s recent violence, had it devolved into a full-blown conflict, could have heightened regional divisions and increased identification of political parties with ethnic loyalties.The violence “served as a wake-up call for the Government and people of Sierra Leone on the critical challenges that require urgent and continued attention,” the report noted.“Against this backdrop, the determined manner with which Sierra Leone overcame its recent political crisis was all the more laudable,” Mr. Ban wrote, commending the nation’s resolve to overcome differences rather than relenting to attacks.Further, he said that its recent actions have set an example for other countries in the sub-region experiencing similar upheavals.Last August, the Security Council authorized the creation of UNIPSIL to replace the UN political office in the country, known as UNIOSIL, in a unanimously adopted resolution, which also gave the new structure an initial mandate of 12 months.UNIPSIL, which works closely with the UN Peacebuilding Commission, is tasked with providing political support to national and local efforts for identifying and resolving tensions and threats of potential conflict, whatever the source. It also monitors and promotes human rights, democratic institutions and the rule of law, including efforts to counter transnational organized crime and drug trafficking.Sierra Leone, whose brutal 11-year civil war ended in 2002, is one of the first two countries, along with Burundi, to receive support from the Commission, established in 2005 to help post-conflict countries determine the priority areas for rebuilding out of the vast array of challenges they face. read more