Atlantic Canada’s environmental industries have been one of the region’s strongest growth areas, with an 87% increase in revenues from 1995 to 2002. In addition, Atlantic Canada has consistently shown higher growth rates than the national average in employment figures and the number of active companies in the field. Atlantic Canada’s environmental market is valued at $1.5 billion annually (Industry Canada 2004), with a number of the region’s 821 environment companies exporting their products and services internationally. The industry employs highly educated and highly regarded professionals, researchers and scientists.
Business Costs
According to Competitive Alternatives: KPMG’s guide to international business costs, 2006, Atlantic Canada has the lowest business costs in the G7 countries. Low business costs help drive the growth of environmental industries in Atlantic Canada.
Business Environment
Atlantic Canada’s nationally recognized research and development facilities, along with its university and college programs, provide a strong base for environmental industries. Researchers, scientists and graduates from these recognized institutions have directly influenced the growth of environmental industries by applying their knowledge and abilities at both the public and private level within the region. With a strong, knowledgeable workforce and overall appealing economic environment, Atlantic Canada is a leader in this area.
For additional information on Environmental Industries in Atlantic Canada, please view the full information sheet, or contact us directly.