Economic Response & Recovery Plan

Back to Better

The Halifax Partnership and Halifax Regional Municipality are leading economic recovery efforts with our private, public and post-secondary partners. Together, we are restarting and restoring Halifax’s economy to get back to our positive long-term growth trend.

Goal: Get back to our long-term growth trend and chart a path forward for a stronger, more resilient city.

"The Economic Response and Recovery plan is evergreen - meant to be changed and updated to ensure we are addressing the evolving needs of the business community in real-time."

- Wendy Luther, President & CEO, Halifax Partnership

HOW HAS COVID-19 IMPACTED HALIFAX'S ECONOMY?

10% loss in total employment

Between January and May, employment in Halifax dropped by 23,700 workers, a massive 9.9% loss in total employment.

30% drop in retail sales

In Nova Scotia retail sales fell significantly in April 2020, to 30% below their level in April 2019. Initial signs indicate that recovery is already underway.

Stable consumer debt levels

Early indicators suggest that debt levels are actually dropping, with non-mortgage debt at $22,790 per consumer in Q2 2020.


Three Phases

The Economic Response and Recovery Plan follows a three-phase approach. Moving from one phase to the next will not be based on a fixed timeline but will be aligned to public health criteria and measures.

Phase 1: Urgent

What’s Happening

• COVID-19 cases still rising.
• Impacts on critical operations and services.
• Business shutdowns (layoffs and unemployment, liquidity and income crisis).

How We're Helping

• Supporting businesses with COVID-19 Resources.
• Directly helping businesses with the Virtual Adviser Program.
Connecting businesses with labour shortages to active jobseekers.



Phase 2: Stabilization (Current Phase)


What’s Happening

• Businesses prepare to reopen.
• People return to work and schools reopen.
• Exports, imports and tourism activities begin resume.

How We're Helping

• Supporting businesses with Reopening and Recovery.
• Continuing to help businesses with the Virtual Adviser Program.



Phase 3: Recovery


What’s Happening

• People are free to do business, work, study, socialize, and travel.
• Companies are recovering and investors are ready to once again deploy capital.
• Governments have moved beyond fiscal and monetary crisis mode.

Our Priorities and Response

• Support business recovery and restore confidence.
• Boost economic and business growth (get back to Halifax’s long-term growth trend)
• Raise awareness of Halifax’s economic recovery locally, national and internationally.
• Learn from experience and plan for the future.

Watch the Latest

Learn more about our economic recovery efforts to date by watching our past events and council presentations.

Reimagine Halifax

Watch our Annual General Meeting with updates on the Halifax economy and tourism sector. Plus a special discussion on how we can Reimagine Halifax to make it an excellent place to work, live and play, for everyone.

Learn more
  • PlayPlaying
    Reimagine Halifax

    Reimagine Halifax

    Watch our Annual General Meeting with a special discussion on reimagining Halifax to make it an excellent place to work, live and play, for everyone.

    Watch our Annual General Meeting with updates on the Halifax economy and tourism sector. Plus a special discussion on how we can Reimagine Halifax to make it an excellent place to work, live and play, for everyone.

    Learn more
    PlayPlaying
    Reopening Halifax's Economy

    Reopening Halifax's Economy

    Watch the presentation of the Halifax Index with a special presentation from Narrative Research on current consumer research.

    Watch the presentation of the Halifax Index with a special presentation from Narrative Research on current consumer research. Plus an engaging discussion with business leaders across the city discussing their experiences through COVID-19 and as the city reopens.

    Download the Presentations:
    PlayPlaying
    Presentation to Council - September 22, 2020

    Presentation to Council - September 22, 2020

    Watch the latest update of the Economic Response and Recovery Plan presented to Council.

  • PlayPlaying
    Presentation to Council - July 7, 2020

    Presentation to Council - July 7, 2020

    Watch the latest update of the Economic Response and Recovery Plan presented to Council.

    PlayPlaying
    Presentation to Council - May 12, 2020

    Presentation to Council - May 12, 2020

    Watch the second virtual presentation of the Economic Response and Recovery Plan to Council.

    PlayPlaying
    Conversation with Mayor Savage

    Conversation with Mayor Savage

    Watch the follow-up conversation with Mayor Mike Savage on how we plan to get Halifax's economy back on track through the plan.

  • PlayPlaying
    Presentation to Council - April 2, 2020

    Presentation to Council - April 2, 2020

    Watch the first virtual presentation of the Economic Response and Recovery Plan to Council.

  • PlayPlaying
    Reimagine Halifax

    Reimagine Halifax

    Watch our Annual General Meeting with a special discussion on reimagining Halifax to make it an excellent place to work, live and play, for everyone.

    Watch our Annual General Meeting with updates on the Halifax economy and tourism sector. Plus a special discussion on how we can Reimagine Halifax to make it an excellent place to work, live and play, for everyone.

    Learn more
    PlayPlaying
    Reopening Halifax's Economy

    Reopening Halifax's Economy

    Watch the presentation of the Halifax Index with a special presentation from Narrative Research on current consumer research.

    Watch the presentation of the Halifax Index with a special presentation from Narrative Research on current consumer research. Plus an engaging discussion with business leaders across the city discussing their experiences through COVID-19 and as the city reopens.

    Download the Presentations:
  • PlayPlaying
    Presentation to Council - September 22, 2020

    Presentation to Council - September 22, 2020

    Watch the latest update of the Economic Response and Recovery Plan presented to Council.

    PlayPlaying
    Presentation to Council - July 7, 2020

    Presentation to Council - July 7, 2020

    Watch the latest update of the Economic Response and Recovery Plan presented to Council.

  • PlayPlaying
    Presentation to Council - May 12, 2020

    Presentation to Council - May 12, 2020

    Watch the second virtual presentation of the Economic Response and Recovery Plan to Council.

    PlayPlaying
    Conversation with Mayor Savage

    Conversation with Mayor Savage

    Watch the follow-up conversation with Mayor Mike Savage on how we plan to get Halifax's economy back on track through the plan.

  • PlayPlaying
    Presentation to Council - April 2, 2020

    Presentation to Council - April 2, 2020

    Watch the first virtual presentation of the Economic Response and Recovery Plan to Council.

Get the Business Support you Need

Every day, our team is talking to businesses like yours to provide direct support. Whether you're managing cashflow issues or navigating government programs we're here to guide and support you during these challenging times.

Reach out to us

The Halifax Partnership Team

902-490-6000

Reach out to our team of experts to navigate your response and recovery efforts

Thank you for reaching out to the Halifax Partnership, Halifax's economic development organization.

We will review your email and get back to you as soon as possible.

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