Winnipeg’s Recent Record
Winnipeg is an investor’s dream: stable, diversified and alive with big business opportunity.
Over the last eight years, Winnipeg's downtown has seen unprecedented growth; 100 major projects have resulted in over $2 billion in investment. And that’s just one telling statistic among many that signals tremendous confidence in Winnipeg’s bright economic future.
From almost every angle, Winnipeggers are witnessing a red-hot investment environment that shows no signs of abating any time soon.
The Manitoba Perspective
Total capital expenditures in Manitoba amounted to $12.6 billion in 2013. On a per capita basis, this came out to $9,943 per head, $1,399 lower than the national figure. In comparison to the other.provinces, Manitoba ranked fifth overall.
In terms of progress, the total capital investment between 2008 and 2013 increased by 5.1 per cent per year on average, 2.3 per cent higher than the national average. Evidence of a growing sense of confidence and productivity was conveyed. In reference to other provinces, Manitoba had the third-largest average increase.
Why Capital Investment Matters
Capital expenditure creates future productive capacity. It is an expression, by business, of confidence in the future. For the economy, capital expenditure is essential to maintain existing productive capacity, improve productivity in existing industries and allow development of new industries.
Without a sufficient level of capital expenditure in both existing and new industries, an economy will become less competitive over time, and the capacity to provide employment will be diminished.
Capital expenditure on buildings and structures has an immediate employment impact. Expenditure on plant facilities and machinery can have a delayed impact. In the short term, it can reduce employment; however, over the long term, capital investment is essential in maintaining competitiveness. It is the primary way to bring new technologies into an industry and an economy.
Total Capital Investment by Province Per Capita (2013)