Sasha Angus CEO, Nanaimo Economic Development Corp.
NEDC releases report
"The economic indicators report will provide Nanaimo's business community with the most accurate and current information available" - Sasha Angus, NEDC CEO.
Providing timely, relevant information on the health of the local economy is a key component in attracting and retaining key industries and investment in the region. As of today this important information is made available in the Nanaimo and Region Economic Indicators Report in a format relevant to business, investors and the broader community.
MNP LLP, on behalf of the NEDC has produced a series of economic indicators in print and electronic format that provides detailed information on economic statistics, regional demographics, business activities, business investment opportunities, commercial and residential real estate in addition to other areas of regional economic concern.These benchmarks will be researched and reproduced on a quarterly and annual basis when new data sets become available. Future updates to the information contained in the report will be conducted by NEDC staff.
This is the first time Nanaimo has had a comprehensive report on the size of its own economy. Several of the findings in the report are very encouraging, including a total GDP of $3.87 billion. The report also highlights the region's strength in post secondary credentials and the rate of knowledge based industry growth, which has outpaced the provincial average.
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