It's Happening Here
Alive with opportunity. Bursting
with uncommon potential. Newfoundland and Labrador is a place of dramatic
natural wonder, with storied and colourful history and a strength of character
unlike any other. The people of this province are fiercely proud of, and
connected to, this place. And now, more than ever, we are poised to welcome the
world, to blaze new trails in business and industry, and to forge the sort of
partnerships that have come to define our rebust economy.
In the midst of the worldwide economic downturn, Newfoundland and Labrador advanced against the tide, with a series of strategic capital investments set to top the $8 billion mark. There is an unprecedented economic momentum at work here.
- 2009: Our industrial development accounted for close to half of the total dollar value of all the major projects in the Atlantic Provinces combined.
- 2010: Our overall economic growth is the highest in the country, with a rise in GDP of 5.6%
- 2011: Our capital investment is forecasted to reach $8.3 billion in 2011, a 27.2% increase over 2010.