Ocean Economy

Why Halifax?

Located on North America’s east coast, Halifax is Canada’s ocean city, offering ocean innovators and companies from around the world access to a deep and diverse ecosystem of customers, partners, and suppliers.

Home to the Bedford Institute of Oceanography, Canada’s largest ocean research centre, with 600 scientists, engineers, and technicians.

Over 500 ocean sector companies in the province—including the most ocean tech startups in Canada.

Ocean-related industries generate approximately $6.0 billion, or 13.5%, of Nova Scotia’s GDP.

Ocean-technology industry accounts for about 1/3 of total R&D among Nova Scotia businesses.


"Halifax has a world-class ocean innovation ecosystem that is growing at a pace that is globally unique."

-Melanie Nadeau, Chief Executive Officer, Centre for Ocean Ventures and Entrepreneurship (COVE)

The Halifax Advantage

$70 billion naval defence contract

with Irving Shipbuilding.

More than $500 million

in strategic ocean investments in the province of Nova Scotia.

Easily travel and do business

across Europe, North America, and the Caribbean in the same day.

8 post-secondary institutions

enrolling 36,000 students annually and graduating top talent.

Want to learn more?

Interesting in learning more about Halifax's blue economy? Contact Al today and find your perfect fit in Halifax.

Contact Al

Reach out to us

Al Tek

Business Attraction Executive

Download the Sector Snapshot

Learn more about Halifax's blue economy and the key advantages of doing business here.


Whether starting, relocating or expanding a business, you will benefit from a number of incentives at both the federal and provincial level to help you invest in Halifax. We’ll be glad to assist you in identifying the ones that best suit your needs.

Nova Scotia Innovation Equity Tax Credit

The Innovation Equity Tax Credit provides a non-refundable personal income tax credit to individuals taking an equity stake in a small-to-medium sized Nova Scotian business. For eligible investments, investors will earn a 35% credit, or a 45% credit for investments in the Oceans Technology and Life Sciences sectors.

Learn More about Nova Scotia Innovation Equity Tax Credit >

Aquaculture Loan Program

Access funding to help offset the costs of materials and stock for your aquaculture business.

Learn More about Aquaculture Loan Program >

Notable Players

  • Irving Shipbuilding

    The most modern shipbuilder and in-service ship support provider in North America. Irving Shipbuilding is building Canada's next generation of combat vessels under the National Shipbuilding Procurement Strategy – 30 years of business.

  • Lockheed Martin

    An American global aerospace, defense, security and advanced technologies company and servicing national and international clients from Halifax. One of six partner companies that have been awarded the Canadian Surface Combatant design contract by Irving Shipbuilding.

  • The Centre for Ocean Venture and Entrepreneurship (COVE)

    The Centre for Ocean Venture and Entrepreneurship (COVE) is a collaborative facility for applied innovation in the ocean sector where ocean technology enterprises can commercialize and grow.

  • Dalhousie University

    Dalhousie University is a world leader in ocean research, a member of the U15 – Canada’s 15 most prestigious research-intensive universities, and home to the Ocean Frontier Institute (OFI), Ocean Tracking Network (OTN), and Marine Environmental Observation, Prediction and Response Network (MEOPAR).

  • Bedford Institute of Oceanography (BIO)

    Bedford Institute of Oceanography (BIO) is Canada’s largest centre for ocean research with 600 staff from the federal departments of Fisheries and Oceans, Environment and Climate Change, Natural Resources, and National Defence.

  • The PIER

    The Pier is a global centre of excellence for research and collaboration in port logistics, management and development. It is the first supply chain and logistics living lab of its kind in Canada.

  • Halifax Port Authority

    The world’s largest shipping lines call on the Port of Halifax, connecting the port to more than 150 countries. The beautiful Halifax Seaport is a premier destination, attracting more than 1.3 million visitors each year.



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