Nova Scotia led all provinces in investment growth in the late 1990s. These investments play a big part in the province s current export boom. But we have to do better. Nova Scotia currently has the second-lowest rate of investment per person in Canada. Nova Scotian companies need continued investment to compete in world markets.
New investment boosts productivity and competitiveness.
In today s dynamic environment, if companies are not investing in new technology that builds competitiveness, they are probably shrinking in size, employment, and market share. Working with Nova Scotian companies to expand their investment in our province and put down deep roots is vital. Attracting new foreign investment is also important. Foreign-owned firms account for 75 per cent of Canadian manufacturing exports and 1 out of every 10 jobs directly. Multinationals bring new technology and new management approaches.