The North Means Business - Northern Lights

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The North Means Business - Northern Lights

Northern Lights Businessand Cultural ShowcaseFeb. 1-4, 2012Ottawa Convention CentreThe North Means BusinessThe Northern Lights Business and Cultural Showcase offers a unique opportunityfor businesses of all sizes, from all sectors and all levels of government to explorethe vast opportunities developing in Canada’s central and eastern Arctic and northernregions. Whether it is Nunavut, Canada’s largest and newest territory, Nunavik, thenorthernmost region of Quebec, or Labrador/Nunatsiavut, on Canada’s east coastin the province of Newfoundland and Labrador, the North is bursting with potentialand offers substantial rewards to those businesses looking for new opportunities.The North has:• Vast amounts of oil, gas and mineral wealth• The fastest growing population in Canada• Expanding, commercial fisheries• New tourism opportunities• Exciting energy development projects• Massive government and private investment in transportation, housing,infrastructure, and economic development• A rapidly growing consumer and business market with strongdemand for a wide range of imported goods and servicesincluding food and health products, professional services,home furnishings, clothing, electronics, business supplies, etc.Canada’s North has what the world wants. As our economiescontinue to expand rapidly, new opportunities are developingfor businesses of all sizes and from all sectors to participatein this growth. Massive government and private investmentin transportation, housing, and economic development isproviding a solid foundation for businesses to developproducts and services for growing regional, domesticand international markets.Over 140 exhibitors, more than 1,000 participantsand thousands of visitors are expected to attend thisexciting four-day event which will include a trade show,an arts and crafts pavilion, conference sessions andworkshops.For up-to-date information on Northern Lights 2012,visit northernlightsottawa.com or call the Baffin RegionalChamber of Commerce at (867) 979-4654 or the LabradorNorth Chamber of Commerce at (709) 896-8787.


Northern Lights Businessand Cultural ShowcaseFeb. 1-4, 2012Ottawa Convention CentreDoing Business with the GovernmentAll levels of government in the North are major economicdrivers and need an ongoing supply of a wide range ofproducts and services. This means big opportunities forbusiness. Currently, and for the foreseeable future, there willbe a sharp increase in government investments across a widerange of sectors as governments spend money protectingArctic sovereignty, expanding and improving transportationfacilities, upgrading infrastructure and providing supportfor business and economic development. The benefits ofthis investment will filter throughout the entire regionalnorthern economy.• Canada’s federal government has pledged to strengthenCanada’s ability to protect its northern regions in part byexpanding military and infrastructure spending in the region.In addition, the government has indicated its intent to supporteconomic and social development, environmental protection,and governance in the North.• In 2009, Nunavut alone imported a total of $1.1 billion. In2010-11, the Government of Nunavut (GN) has budgetedexpenditures of $1.2 billion. The GN’s total capital budget forinfrastructure over the next five years is $3821.6 million.• Labrador’s Northern Strategic Plan, running from 2007 to 2012,has invested $640 million in infrastructure development andimproved services. Phase II of the plan, from 2013-2018,is set to be renewed.• In Nunavik (Northern Quebec), Quebec’s long-awaited planfor the northern part of the province (Plan Nord) promised$2.1 billion (of $80 billion in total) to kick start a wide range ofinfrastructure, social and economic development investmentsto open Quebec’s northern lands to mining, energy productionand tourism while strengthening its overall social andeconomic basis.© FRED GOLDSTEIN / FOTOLIA.COM


An Explosion of Mining ActivityThe North Means BusinessThe world is increasingly hungry for mineral resources. Fewregions of the world offer such rich potential combined witha stable political system, a rapidly growing transportationinfrastructure, and a large available workforce as the North.Mineral exploration and mining development is growing at anunprecedented rate in the North and has established a numberof world-class deposits. Huge business opportunities exist inworking to support and supply the industry mineral explorationand mining activities, and there will continue to be a heavyreliance on goods and services from outside the region. Thesuccess we have achieved thus far will only increase in thecoming years.• By 2020, mining production will boost Nunavut’s real economicoutput to $1.8 billion, 65% higher than 2009 and twice the1999 level of economic activity.• In 2009, there were 116 mining properties active in Nunavutand 108 projects in Nunavik.• An estimated $238 million will be spent in 2010 on explorationand appraisal expenditures in Nunavut, and over $150 millionon exploration in Nunavik.• Vale’s Voisey’s Bay Inc., one of the richest nickel-copper-cobaltdeposits in the world, is located in northern Labrador. This is oneof a number of mining developments that are bringing massiveinvestments into the region, with numerous projects on the horizonincluding iron ore, uranium, rare earth minerals and othercommodities.Oil and Gas: Untapped PotentialThe North is undergoing massive changes as world demandfor resources skyrocket and the North’s reserves becomeincreasingly accessible. Billions of barrels of oil, trillions ofcubic feet of gas, growing markets, improving transportationsystems, a stable political environment all combine tooffer an endless bounty of opportunities to respond tointernational needs.• Nunavut and its offshore regions have 322.9 million barrels ofdiscovered and an estimated 2.3 billion barrels of undiscoveredoil resources, as well as 449.7 billion cubic metres of discoveredand an estimated 1191.9 billion cubic metresof undiscovered natural gas.• With 4.2 trillion cubic feet of discovered naturalgas reserves offshore Labrador, investment tofurther substantiate the resource is significant.Companies like Husky Energy, Chevron Canadaand Suncor are spending millions in seismic anddrilling programs from 2007-2017, and additionalexploration licenses are being awarded forother areas of northern Labrador.© ANDRIY SOLOVYOV / FOTOLIA.COM


Northern Lights Businessand Cultural ShowcaseFeb. 1-4, 2012Ottawa Convention CentreMajor Military Investments,Major Business OpportunitiesWith the opening of many northern shipping lanes for thefirst time in recorded history, Canada’s federal government hasbegun to make major investments in military, transportationand infrastructure in the North. It is anticipated that thisinvestment will continue for the foreseeable future andstimulate the regional economies for decades to come.• The Canadian military is investing $1 billion in infrastructureprojects in Nunavut by 2016, including a Canadian Forces ArcticTraining Centre in Resolute Bay, refurbishment of the Nanisivikport facility, and investment in ice-breaking vessels.• 5 Wing Goose Bay offers vast potential and opportunity formilitary training and commercial development applications.The Goose Bay Airport has become a major hub for civiliantransportation and economic development for Labrador. A$13 million expansion is currently underway that will morethan double the size of the airport.Energy: New Sources, New OpportunitiesMUSKRAT FALLS HYDRO PROJECT / © MONIKA WARZECHAConstruction of new hydroelectric projects, development ofwind and tidal power and replacement of existing powergeneration infrastructure mean billions of dollars inopportunities for energy sector suppliers.• Construction of Labrador’s massive Lower Churchill HydroelectricGeneration Project (LCP), the most attractive undevelopedsource of hydroelectric energy in North America, will providemore than 3,000 megawatts of electricity for industrial anddomestic use as well as export. The Muskrat Falls GeneratingStation project is projected to cost $6.2 billion and provide7,500 person years of employment.• Based on initial projections, Nunavik’s hydroelectric potentialnorth could be between 6,300 and 7,200 megawatts. There isalso significant potential for the future exploitation of tidalpower in Ungava Bay.• Nunavut’s Capital Plan projects investment of $145 million inthe next five years and $250 million over the next decade toupgrade power generation infrastructure.• Hydroelectric power in Nunavut has the potential to displacebetween 13 and 15 million litres of diesel fuel annually; theprojected initial capital cost estimates are between $89 millionand $550 million for shortlisted sites.• In Labrador, a wood pellet manufacturing plant yielding70,000 tonnes of pellets and an associated sawmill producing12 million board feet of lumber annually is being proposedfor development as early as 2012 at an estimated cost of$30 million.


The North Means BusinessGetting It There: Transportation and WarehousingTransportation is a main driver of economic development.Without integrated and reliable transportation networks,development is constricted. The North has embraced thisbelief wholeheartedly. With the construction of new highwaysand the supply and infrastructure needs of mining and othercommercial interests, transportation and warehousingrequirements are growing and changing. Government ismaking major investments in docking facilities, airports,roads and other infrastructure to facilitate continued growth.There has never been a better time to get involved inbusiness in the North – the way is clear!• The Trans-Labrador Highway (TLH) now more than everintegrates Labrador with the island of Newfoundland, Quebecand the rest of the country. Completion of the TLH has meantnew and lower cost options for trucking of freight, developmentof new business opportunities, and increased tourism. Anintegrated TLH also offers a more viable opportunity to linkGoose Bay and Iqaluit through the development of a marineshipping route.• In Nunavik, governments are investing $44 million to upgrademarine facilities infrastructure in each community to improvedocking facilities for larger vessels.• Over $25 million was spent on transportation infrastructure andservice improvements in Nunavik in 2010.• The Northern Quebec Marine Transportation InfrastructureProgram plans to invest $88 million in improvement of marineinfrastructure in Nunavik.• Iqaluit’s airport is a critical transportation hub for Nunavutranking 19th in Canada in number of landings. There areplans to expand the current facility. Planning is underwayto redevelop the existing facility.• A memorandum of understanding was recently signed betweenthe governments of Nunavut and Manitoba to develop feasibilityplan for the construction of an all-season road linking northernManitoba to Rankin Inlet/Baker Lake. The estimated cost ofbuilding the road is $1.3 billion.© ITK ARCHIVES© BFPHOTO / FOTOLIA.COM


Northern Lights Businessand Cultural ShowcaseFeb. 1-4, 2012Ottawa Convention CentreEnhancing Communications InfrastructureNorthern communities continue to grow at a rapid pace andhave improved communication linkages with the world. Insome areas, demand has begun to outpace capacity as newconsumer, corporate and government communication needsgrow. There are a growing number of opportunities and ademand for increasing services in this critical area.• Between 2010 and 2012 $20 million will be investedto enhance Nunavut’s broadband services.• Many communities in the regions still lack basic cell phone service.• Internet access is at capacity in many areas. Increased bandwidthand technical improvements are needed and present manyopportunities for service and technology providers.• A feasibility study is now underway regarding providing fibreoptic broadband service to most of Labrador’s communities.The cost of such a project is estimated at $100 million.Tourism: Steady Growth, New MarketsTourists from an increasing number of countries around theworld are seeking new and fresh opportunities to expandtheir horizons and experiences. From cruise ships to nationalparks, new highways to heritage sites, the North has neverbeen more inviting and accessible. Unbeatable access toincredible historic sites, wildlife, wide open vistas that stretchto the horizon, unique communities and people so hospitable,you will forget about how far north you are.• In 2010 the number of tourist-related vessels in the NorthwestPassage tripled compared to the previous year.• In 2009, tourism revenues in Nunavut reached $30 million.Arts and CraftsThe North has a distinct and proud history of Inuit cultureand traditions. One of the highest forms of Inuit culturalexpression is our arts and crafts. Carvers, weavers, jewellersand artists from across the North are recognized and respectedinternationally and continue to explore new media and formsof expression. Other than coming here, there may be no betterway to explore our North than through the eyes of our artistsand craftspeople.• Torngat Mountains NationalPark, Mealy MountainsNational Park and theHebron National HistoricSite are part of a tourismstrategy in Nunatsiavut/Labrador which promisesto dramatically increaseregional tourism.• In 2005 Makivik Corporation’s Cruise North Expeditions beganoffering cruises to the North. Interest in these kinds of cruisesis expected to increase.• The Arts and Crafts sector inNunavut, Nunavik andNunatsiavut/Labrador is animportant economic driver. InNunavut alone, arts and crafts providesover 1,000 jobs and contributes a totalof $33.4 million annually in total impactto the Nunavut economy including$22.9 million in direct impact, and$10.5 million in related spinoffs.© TORNGAT MOUNTAINS NATIONAL PARK


The North Means BusinessPlaces for People: HousingNorthern communities are the most rapidly growing in• In Nunavik, Makivik Construction is completing a $60 millionCanada. Considerable and continual investment is needed 5-year contract with the federal and provincial governmentsto ensure there is adequate quality housing availableto build social housing.to the needs of the growing population.• In addition to the above agreement, the Quebec governmentwill build a total of 840 units will be built by 2016.• Over the next five years, the Nunavut Housing Corporation• In May 2011, the Nunatsiavut Government and the Torngatprojects capital expenditures on housing construction ofRegional Housing Association finalized a contract for theover $91 million.construction of homes in Nunatsiavut communities for$2.1 million.Fishing: A Stable, Well Managed Resource IndustryFrom boats to processing plants, from crab to shrimp, ournorthern fisheries are fast becoming major economic playersin the international seafood market. Northern fisheries areplaying an increasing role in feeding international demandfor fresh, high quality seafood products harvested fromthe pristine, cold waters of Canada’s North.• Nunavut’s fishing industry contributes $46 million annually tothe economy. Turbot and shrimp are sold in markets in Asia,the US, and Europe.• Torngat Fish Producers Co-operative operates crab plants inNain and Makkovik, and projects production of 1 million poundsof crab in 2011.• 10 million tons of shrimp from the inshore fishery areprocessed at the Labrador Fishermen’s Union ShrimpCompany plant in Charlottetown.• Nunavik harvests 8 million pounds of shrimp from itsinshore fishery. The industry (including shrimp,turbot, Arctic Char and seaweed) generates over$10 million for Nunavik’s economy.© KARSTEN THIELE / FOTOLIA.COM


Northern Lights Businessand Cultural ShowcaseFeb. 1-4, 2012Ottawa Convention CentreNorthern Lights Regions of CanadaArctic OceanGREENLANDBeaufort SeaBaffin BayArctic CircleLabrador SeaNORTHWEST TERRITORIESNunavutNunatsiavutNEW&Hudson BayNunavikLabradorALBERTASASKATCHEWANMANITOBAQUEBECPEINEW BRUNSWICKONTARIOnorthernlightsottawa.com

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