Corporate Scorecard

 

Promote the growth of new and existing businesses
in Nova Scotia

Indicator Measure Targets 2006-07Actual 2006-07
Nova Scotia companies expand business within Nova Scotia

# of qualified referrals for export development, investment or financing

120

99

# of qualified referrals to external partner agencies

180

264

Volume and diversity of exports # of companies introduced to new markets / further advanced in existing markets 100 clients 197 clients

 

Attract leading edge, sustainable business investment to Nova Scotia

Indicator Measure Targets 2006-07Actual 2006-07
FDI in Nova Scotia

# of companies that relocate part or all of its operations in Nova Scotia

12

14

Economic Benefit to Nova Scotia

Average gross salary of new jobs created through business attraction and reinvestment

$34,500

$47,328

Fiscally prudent financingAverage portfolio return on investments utilizing SIFs40-50%62.4%

 

Provide access to capital for new/existing businesses in Nova Scotia, with the intent of enhancing value-added growth for the province's economy

Indicator Measure Targets 2006-07Actual 2006-07
Incremental number of investment projects

# of financings with new/existing companies utilizing Nova Scotia Business Fund

15

[20 including # of successful financial transactions using external partners]

17**

Quality portfolio management

Impaired loan ratio

Annual client review completed

5% or less

100% of clients reviewed

1.1%

Partner for financing solutionsLeverage ratio of Partner: NSBIRatio of 1:1Ratio of 0.4:1
Total return to the provinceTotal financial return on investment from NSBI financingTBD***

 

Increase the visibility and recognition of Nova Scotia - its business climate, advantages and capabilities

Indicator Measure Targets 2006-07Actual 2006-07
Awareness of NSBI's role in Nova Scotia

Percentage point increase over base measure of awareness of NSBI

8 percentage point increase over benchmark

***

 

Develop an action-oriented, client-focused organizational culture that encourages, empowers and supports high-performance, entrepreneurial thinking, and professionalism

Indicator Measure Targets 2006-07Actual 2006-07
Employee training and development

% of employees participating in training and development programs

80%

91%

Business culture - deliver results within cost management structure

Operate within annual operating budget

$10.231 million

[recurring and non-recurring]

$10.279 million

[recurring and non-recurring]

 

Overall Performance

Indicator Measure Targets 2006-07Actual 2006-07
Jobs within Nova Scotia

# of jobs retained and created by clients

3,200

Min : 2,555
Max : 3,897

Export sales

Incremental export sales of NSBI clients

$28 million

$86.2 million*

Total payrollTotal payroll impact of NSBI clients$110 million$161.6 million
Total return to the provinceTotal financial return on investment from NSBI activityTBD***

 

Notes:
* In addition, there was a further $48.7 million in client reported export sales from Nova Scotia businesses as a result of Trade Shows/ShowStorm initiatives that NSBI participated in. If these export sales were included, total incremental client export sales would be $134.9 million and the number of clients reporting new and/or further market penetration would increase to 247.

** Includes 14 new NSBI authorizations and three NSBI material amendments to existing clients that have a positive net economic benefit to the province.

*** The corporate scorecard was adjusted in mid-year to better match the evolving objectives of the organization.