Business Inc. (NSBI) released today, July 30, its 13th annual report,
including financial statements audited by an independent third party in
accordance with Canadian auditing standards. The report covers the fiscal
period from April 1, 2014, to March 31, 2015.
Looking back on
2014 - 2015:
export sales increased from $534 million to $708 million, a 33 per cent
increase over the previous year’s forecasted export sales.
number of new NSBI export clients remained unchanged from the previous year
with nine new companies reporting their first sale.
was a 90 per cent increase over the previous fiscal year in the number of
companies that chose to locate or expand in Nova Scotia.
facilitation services connected 300 companies to private-sector financial
solutions, a 69 per cent increase over the previous fiscal year.
a new mandate for Nova Scotia Business Inc., it is no longer an active equity
investor. As of March 31st, 2015 its venture capital portfolio was
valued at $15,542,000, a 47.5 per cent decrease over the previous year.
regionally based staff worked with 370 clients, making 310 referrals to other
agencies, partners, and financial institutions to help them navigate the
business landscape and the tools required toward success.
“Nova Scotia Business Inc. is bringing a new targeted focus
to the year ahead, strengthening our efforts and driving measurable results as
we sell the world on doing business in Nova Scotia and sell Nova Scotia
businesses to the world,” said Laurel Broten, president and CEO of Nova Scotia
Business Inc. “2015-2016 will be a foundation-building year at Nova Scotia
Business Inc., with evidence-based market and sector strategic plans and
transparent outcomes-focused metrics.”
- As identified in its new business plan, Nova Scotia
Business Inc.’s 2015- 2016 activities are focused on key changes.
the number of first-time exporters, expand exporting, and the value of Nova
and grow high-value investments from domestic, national, and international
companies. As well, secure job creating investments in targeted regions such as
Nova Scotia’s rural communities by bringing value-added, sustainable innovation
to traditional sectors.
- Establish Nova Scotia as an international jurisdiction
of choice in which to invest, work, and do business.
information on NSBI corporate reports, including NSBI’s new 2015-16 business plan
and the 2014-15 annual report visit: www.nsbi.ca/CorporateReportsandPlans