Economic Development ~ Opportunities For Prosperity


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Measuring Progress

Government understands that effective support to economic development is a living, constantly evolving endeavour.

The progress of economic development work is measured at several levels. It is no different for a provincial strategy.

Whatever is included in a strategy, citizens will judge progress by looking at overall indicators. Our overall objectives are straightforward:

a balanced budget by 2002–03
an increase in provincial employment levels by 20,000 by 2005
investment per person above the national average by 2005
export expansion by $2 billion, or about 40 per cent, between 1999 and 2005, an aggressive target; and exports per person above the national average by 2010
provincial GDP growth above the national average over the next 10 years
consistent net in-migration through to 2010

Balanced budgets, lower debt-servicing costs, and a more active economy will help move us toward the vision stated in this document. The government recognizes that it does not control all elements that determine success in these areas, but it will work toward it.

The government will use an independent outside agency to produce an annual report card on the overall progress of this strategy.

As more detailed plans for the actions and next steps outlined in this document are rolled out, the government will establish targets for each of the activities, targets that will in turn contribute to achieving overall objectives. These targets will supplement government’s increasing use of benchmarks.

The release of Opportunities for Prosperity marks a new era for economic development in Nova Scotia. Government will support economic growth in new ways over the next few years. It will pay more attention to all aspects of the process, including measurement. It understands that effective support to economic development is a living, constantly evolving endeavour. Opportunities for Prosperity is an important start, but it is not the final word. There is more to come.

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