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Pay InvoiceHalifax's Economic Strategy
Halifax's Economic Strategy, Strategies for Success (2005-2010), was prepared for Halifax as an essential component in guiding, shaping and defining the future of our city.
The five-year Strategy explores the attainment of five key goals for our community :
- Halifax’s bustling job market will stop our young and ambitious from leaving and make our community a magnet for highly trained immigrants and expatriates.
- Halifax’s investments in social and cultural infrastructure will enhance the city’s persona as one of the most vibrant and unique communities on the continent.
- Halifax will possess the best business climate in Canada, one able to kick-start and grow ambitious new enterprises and attract exciting companies from anywhere on the globe.
- Halifax’s renown as one of the continent’s great cities — a beautiful, immensely livable place that teems with history and creativity —will draw top-drawer companies and people to our community.
- Each partner in Halifax’s future will work in sync to propel our economy forward in a way that improves the quality of life for every citizen.
Those goals are the pillars of a far-reaching vision:
Our people are our community. We will improve and empower the lives of every citizen by building a prosperous, dynamic, globally competitive economy where creativity and risk-taking can flourish alongside a quality of life that is the envy of the world.
The Chamber's Role in the Strategy
The role of the Halifax Chamber of Commerce was to support Halifax’s Economic Strategy by acting as an independent observer, using the annual Economic Strategy Scorecard as the tracking tool. To that end, each year the Chamber has collected data and reported back to the community.
Click here to learn more about the Annual Economic Strategy Scorecard Report
The next iteration of Halifax's Economic Strategy
Halifax's current economic plan (Strategies for Success-2005-2010) expires this fall. All three levels of government and the private sector agree that a renewed Economic Strategy for 2011-2016 is immediately required to lift our city and region to the next level of economic development and growth. The review and renewal process must capture and align the expectations of businesses, governments, and the whole community. The process began in late April 2010 with a review of existing research and is broken into four phases ending March 31, 2011 with the creation of the next strategy.
The final strategy must incorporate the needs and address the issues of these sectors if we are to grow and compete in a global economy.
To learn more about the Economic Strategy Renewal process, objectives, key players and to join the discussion, click here.
The Voice of Business
As part of the Chamber’s involvement in the next iteration of Halifax’s Economic Strategy, we held a series of consultations with the Halifax business community to complement industry and sector specific consultations being held by the Greater Halifax Partnership (GHP). Members of the business community, as well as Chamber Board members, Past Presidents and Board Chairs, and those involved in the 2004 Economic Summit provided their input and insight into the direction of the 2011-2016 Strategy, and reviewed the proposed visions, priority areas, and strategic goals. We heard overwhelmingly that what the proposed Strategy lacks is a core vision for Halifax - something that sets our city apart from the rest, giving us a competitive edge. As well that the proposed priority areas and strategic goals outlined, while on the right track, are unclear, inconsistent, generic, too broad, and too difficult to measure.
Click here to read the Chamber's Economic Strategy Business Consultation Review Report.
