Local, International Companies Continue to Deliver Results

Sep 10, 2010

From one end of the province to the other, NSBI, and its partners, helped local and international companies deliver competitive and sustainable economic results in 2009-10.

NSBI released its eighth annual report today, Sept. 10, which covers the fiscal period from April 1, 2009, to March 31, 2010.

"With the support of agencies like NSBI and business development partners across the province, we continue to position our people and businesses to compete successfully, create good jobs in Nova Scotia and contribute to a growing economy," said Economic and Rural Development Minister Percy Paris.

NSBI's clients in 2009-10 are forecasting they could create as many as 2,633 jobs and retain 746 jobs. When looking at all activity, the agency projects the creation of potential payroll of $135.4 million.

"By living and working in communities all over this province, our board of directors see, firsthand, the connection between productive and innovative companies and sustainable economic growth," said Doug Hall, chair of NSBI's board of directors.

In collaboration with its partners, NSBI's trade programs and services helped close to 300 companies in advance existing markets and explore new ones. More than 30 companies across the province plan to improve productivity, expand operations and create and retain jobs, with assistance from NSBI.

"In spite of uncertain economic times, we remained focused on driving business development, at home, and around the world," said Stephen Lund, president and CEO of NSBI. "Going forward, NSBI, our clients, and partners need to stay aggressive and proactive so we can continue to see world-class business growth in the province."  

The 2009-10 annual report is an accountability document measuring NSBI against goals from its 2009-10 business plan. For more information on NSBI's results, visit www.novascotiabusiness.com/next .

Nova Scotia Business Inc. is Nova Scotia's private-sector-led business development agency. NSBI helps Nova Scotia companies meet their growth potential through advisory services, trade development, financing and venture capital. The investment attraction agency for the province, NSBI fuels job creation and economic growth.