St. John’s…Canada’s Ocean Technology Capital
St. John’s, the capital city of Newfoundland and Labrador, is at the forefront of Canada’s ocean technology industry. The city boasts one of the most sophisticated and comprehensive concentrations of ocean technology organizations anywhere in Canada. Much of this capability is co-located within just a few city blocks, forming a unique environment conducive to intellectual and entrepreneurial interaction. This co-location of research facilities, small and medium-sized enterprises and related personnel has created tremendous synergy and built an innovative and dynamic ocean technology cluster
The City of St. John’s is the main financial and commercial centre for Newfoundland and Labrador and has also emerged as the primary supply base for the province’s offshore oil and gas industry.
In 2005, Canadian Businessmagazine ranked St. John’s as the number one cost effective city for business in Canada. With dynamic industries, an innovative research and development community and, a highly skilled labour force St. John’s is one of the most attractive investment areas in Canada.
St. John’s Quick Facts
Population: 181,113 (2006)
Real GDP (1997$M): 7.8 billion (2007f) +9.4%
Labour Force (2007f): 102,000
Unemployment rate (2007f): 7.5%
Traditional industries: Oil and gas, fishing, marine services, tourism
Emerging Industries: Ocean technologies, information/communications technology
Airport: St. John’s International Airport (YYT)
Port (year round): St. John’s Port Authority
Time Zone: Newfoundland Standard Time -03:30 UTC/GMT