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
In Manitoba, total capital investment between 2007 and 2012 increased by 7.6 per cent per year on average, 3.8 per cent higher than the national average. Compared to other provinces, Manitoba had the third-largest average increase.
Total capital expenditures in Manitoba amounted to $12.3 billion in 2012, of which 67 per cent was from the private sector (up 4.9 per cent over 2011).
Significant investments by sector in Manitoba from 2007 to 2012 occurred in the arts and entertainment and waste management sectors, averaging approximate 60 per cent increases each year. Significant increases over the next year are expected within the following sectors: administrative and support, waste management and remediation services (60 per cent); and utilities (19 percent).
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.