Investment in Jobs and the Green Economy

Stacey - Mar 5, 2010

What a day for the people of Pictou County! The Province of Nova Scotia is investing 60 million dollars into the former TrentonWorks plant - creating hundreds of jobs and a new spirit of hope in the community.

A partnership has been forged between the province of Nova Scotia and Daewoo Shipbuilding and Marine Engineering Ltd. (DSME).

DSME will establish a wind turbine tower and blade manufacturing facility at the former TrentonWorks site, creating hundreds of jobs.

Today is an exciting day, because this partnership will help create the secure jobs our economy needs, employing up to 500 Nova Scotians within three years," said Premier Darrell Dexter. "This new facility will also showcase and develop Nova Scotia's leadership in renewable energy and the green economy."

Premier Dexter also noted that the agreement will have immediate benefits, with about 120 staff employed within the first year of operation and additional indirect jobs and spin-off benefits for the local community and the province.

DSME and the province signed a shareholders agreement and committed to an equity investment. DSME is contributing $20.4 million and will hold 51 per cent of the common shares and the province is contributing $19.6 million and will hold 49 per cent of the common shares. The province will also have representation on the board of directors.

This new investment really signifies Nova Scotia's desire to be leaders in the green economy.

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As teenagers in Truro, NS, Peter Sickles and Rob Swick – partners of Nova Scotia’s AlphaSearch Internet Marketing Inc. – liked to play games of strategy.

“We always had a passion for that kind of strategic planning, figuring out tactics, figuring out how things worked,” Sickles says.

Today, the longtime friends bring this same passion to AlphaSearch, which opened in 2004. “What we do fundamentally is make websites better,” Sickles says. “Whether it be building a website or altering an existing one, we make websites better.”

Search Engine Optimization (SEO) is at the heart of AlphaSearch. As Sickles explains, SEO concerns “either building or modifying a website so that it’s found at the top of the search engines when somebody does a keyword search for words pertinent to its business.”

Through the web, AlphaSearch is connected to the world. Sickles and Swick operate from virtual offices in Nova Scotia and also have a virtual office presence in Philadelphia and in Montreal. Sickles estimates that 40 per cent of AlphaSearch’s business comes through Internet searches.

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About Nova Scotia

Nova Scotia is located on the east coast of Canada. With 7,400 km of coastline it is almost completely surrounded by the Atlantic Ocean. Nova Scotia is a place that offers a rare experience to the people who live in, do business in, and come to visit the province.