Halifax Economic Development Strategy - NWTOpportunities.com
Halifax Economic Development Strategy - NWTOpportunities.com
Halifax Economic Development Strategy - NWTOpportunities.com
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Any strategy worth its salt<br />
sets targets. The degree to<br />
which these targets<br />
are met reflects the success<br />
in implementing<br />
the strategy.<br />
Measuring Success:<br />
Out<strong>com</strong>es, Targets and Trends<br />
Any strategy worth its salt sets targets. The degree to which these<br />
targets are met reflects the success in implementing the strategy. It<br />
is vital that these targets include quantitative measures of progress<br />
as well as <strong>com</strong>pletion of strategy activities. Generally, economic<br />
strategies measure their success in terms of such things as job growth,<br />
in<strong>com</strong>e growth, and new business investment. This strategy will also<br />
be judged on the ability of the municipality and other organizations<br />
to follow through on the activities discussed earlier. However, these<br />
process out<strong>com</strong>es are not reviewed here. These out<strong>com</strong>e measures<br />
and targets will evolve over time as experience is gained and<br />
appropriate targets are identified.<br />
Measured Targets<br />
Our People<br />
Out<strong>com</strong>e Measure Target Current Trend<br />
Increase Population<br />
Growth<br />
Improve Employment<br />
Growth<br />
Decrease<br />
Unemployment Rate<br />
Enhance<br />
Participation Rate<br />
Attract More<br />
Immigrants<br />
Retain More<br />
Immigrants<br />
Increase University<br />
Admissions<br />
Improve DND and<br />
Federal Employment<br />
Rank among the top<br />
10 CMAs with the<br />
fastest population<br />
growth over the<br />
next five years.<br />
Increase employment<br />
growth by more than<br />
10 percent over the<br />
next five years.<br />
Reduce the overall<br />
unemployment rate<br />
by 1 percent over<br />
the next five years.<br />
Rank among the top<br />
five CMAs with the<br />
highest labour force<br />
participation rate.<br />
Attain 2800<br />
immigrants a<br />
year by 2009.<br />
Retain 70 percent<br />
of new immigrants<br />
by 2009.<br />
Increase admissions<br />
by 500 a year in HRM<br />
for the next 5 years.<br />
Increase defence<br />
and federal<br />
government<br />
presence by 3000<br />
persons by 2010;<br />
recover half of<br />
the job losses<br />
since the 1990s.<br />
Below target;<br />
our labour force<br />
growth currently<br />
ranks HRM 12th.<br />
On track.<br />
On track.<br />
Current rank of 7th.<br />
Below target.<br />
Below target.<br />
Below target.<br />
Below target.<br />
32<br />
for<br />
<strong>Halifax</strong> Regional Municipality’s <strong>Economic</strong> <strong>Development</strong> <strong>Strategy</strong> 2005-2010
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