Reasons to Invest

Businesses come to Halifax for our TLC: Talent. Location. Cost.
It's not any one of these competitive business advantages in particular, but the combination. Together in one place.

 

TALENT

  • Our seven universities and colleges, each unique, attract young people from around the globe. They provide a steady stream of skilled and educated graduates who go on to support numerous knowledge-based industries.

  • Highly educated workforce – 70% of the city’s workforce has a post-secondary degree or certificate, among the highest rates of post-secondary attainment in Canada

  • In the Banham Group’s 2015 Top 25 Canadian ICT start-ups, Halifax had more than any other Canadian city.

  • MIT selected Halifax as their first Canadian jurisdiction to implement the prestigious Regional Entrepreneurship Acceleration Program (REAP).

  • Labour retention and stability – Nova Scotia has among the longest average job tenure and fewest work stoppage days lost per capita among all Canadian provinces.


LOCATION

  • Located on North America’s east coast, Halifax is a strategic location for moving goods in and out of North America, traveling to and from international destinations, or delivering services across European, North American and Caribbean time zones.  Halifax is two hours closer geographically by air to Europe than any other North American destination and closer to New York and Boston than it is to any other major Canadian city.

    The Halifax Gateway includes the Halifax Stanfield International Airport, the International Port of Halifax (including two super post-Panamax container terminals), CN Rail, a strong logistics and warehousing sector, and excellent class 1 highway infrastructure. 

  • Excellent Rural/Urban Lifestyle – Halifax is a great place to live, work and play. There are few places in the world where you can get from the boardroom to the beach in less than 30 minutes; Halifax is one of them.

  • In Halifax, you can live and work in more than 200 rural, urban and suburban communities and swim at 33 beaches, shop at nine farmers’ markets, visit 65 art galleries, stroll through 61 parks, and party at one of the largest Pride Festivals in Canada.

     

COST

  • KPMG’s Competitive Alternatives study ranked Halifax 8TH out of 111 North American cities for overall business competitiveness. We came in 6TH for lowest overall operating costs. 

  • Class A office space for less than $20 CAD per square foot in new build commercial space throughout the urban core. 

  • Larger industrial infrastructure proximate to downtown in the largest business park east of Montréal at $7 CAD per square foot. 

  • Affordable housing - The average home price is $292,217 CAD, well below the national average of $513,400 CAD.


OCEAN ADVANTAGE

  • Halifax is Canada’s Ocean City (CanadasOceanCity.com). 

  • Take advantage of the economies of scale in a thriving ocean sector, generating more than $4.5 billion annually. 

  • Home to the highest concentration of military assets in Canada and 9,800 Department of National Defence and Canadian Forces personnel, Halifax has a dynamic defence and security cluster largely focused on the marine environment. Our private sector strengths in this area include technologies related to military, search and rescue, surveillance, port security and system integration. 

  • Opening in 2018, the Centre for Ocean Ventures and Entrepreneurship (COVE) is a collaborative shared-use location where ocean technology companies can start, grow, and prosper. 

  • A Dalhousie-led international ocean-science collaboration (OFI) has attracted a total of $220 million in funding, an unprecedented investment in Canada’s ocean-science sector to create global leadership in harnessing the world’s ocean resources. 

  • Nova Scotia is home to more than 480 ocean science PhDs and 300 ocean-related companies. 

  • A shipbuilder since 1889, the Halifax Shipyard is building Canada's next generation of combat vessels under the National Shipbuilding Procurement Strategy, a $60 billion contract.

  • Ocean technologies is one of the region’s largest advanced technology industries with high levels of R&D and innovation, highly skilled talent, and an export focus. It accounts for about one-fifth of all R&D performed by businesses in Nova Scotia. Key concentration areas are: acoustics, sensors and instrumentation; data, information and communications systems; marine geomatics; marine biotechnology; unmanned surface and underwater vehicles; and naval architecture 

  • The Ocean Supercluster will harness emerging technologies to strengthen marine renewable energy, fisheries, aquaculture, oil and gas, defence, shipbuilding, and transportation. Technology focus: Digital sensors and monitoring, autonomous marine vehicles, energy generation, automation, marine biotechnology and marine engineering technologies

 

THRIVING INDUSTRIES

Halifax has one of the most diverse economies in Canada and is home to strong industries including:


 

Contact Us 

Jason - Web - Team Page

Jason Guidry
Director, Investment, Trade & International Partnerships
Halifax Partnership

+1.902.490.6115

Email Jason