HALIFAX, July 23, 2013 /CNW/ - Nova Scotia, Canada has been recognized
internationally for its work in attracting foreign direct investment
"Nova Scotia was the best-performing region in North America in
attracting inward investment in 2012 with Nova Scotia attracting more
FDI projects per capita than any other state or province. Furthermore,
three of the four largest job-creating FDI projects in Canada went to
Nova Scotia in 2012 with major investments by IBM, Admiral Insurance,
and Stream," said Dr. Henry Loewendahl, VP North America, representing
fDi Intelligence, Financial Times Ltd.
Nova Scotia has also seen significant growth in its key sectors. In
2012, KPMG recognized Halifax, Nova Scotia as the fastest-growing hedge
fund administration centre in Canada and over the last five years, Nova
Scotia's ICT sector has seen more growth than any other province in
Nova Scotia Business Inc., the province's business development agency,
works to attract international companies to Nova Scotia.
"This is a testament to the work of my team at NSBI and our many
partners. Our sector driven, pro-active approach, combined with a
solid value proposition, has led to the success we are seeing today,"
said Stephen Lund, President and CEO of Nova Scotia Business Inc.
"Nova Scotia is a competitive jurisdiction that has attracted some of
the world's largest companies in every key sector and offers a solution
for companies looking to expand their global footprint."
IBM and UK based Frontier Developments chose Nova Scotia to expand their
"After being approached by NSBI and learning about the benefits of Nova
Scotia, we successfully opened our first North American office in
2012," said David Walsh, COO, Frontier Developments. "Nova Scotia is a
strategic location for major markets and offers a highly competitive
value proposition, great quality of life, talented labour and academic
institutions that are keen to partner with business. It is the perfect
"We felt the open, collaborative business environment in Nova Scotia was
a region in which we could find success, so we established our newest
global services centre here," said Dave McCann, Associate Partner,
Global Business Services, IBM Canada. "Nova Scotia's flourishing IT
community, great quality of life, major academic institutions and rich
diversity make it a great place to establish business."
Nova Scotia, Canada's university capital, is home to 10 universities and
a thriving community college with 13 campuses. Talented graduates from
these award-winning institutions are succeeding with international
companies in Nova Scotia. With Nova Scotia's increased emphasis on
partnerships between educational institutions and industry, graduates
are receiving the specialized skills required by these companies.
About Nova Scotia Business Inc.
Nova Scotia Business Inc. is the province's private-sector-led business
development agency. Through trade development, investment attraction,
business financing and venture capital, NSBI assists local companies
and attracts international companies to Nova Scotia. For more
information, visit www.nsbi.ca and follow online at www.nsbi.ca/connect
SOURCE: Nova Scotia Business Inc.
For further information:
Nova Scotia Business Inc.
Dr. Henry Loewendahl
VP North America, representing fDi Intelligence, Financial Times Ltd
+44 (0) 2032393224