Nova Scotia International Ferry Partnership (NSIFP) Presentation

Nova Scotia – New England
Tourism Link
An investment in the economy of Nova Scotia
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HISTORY of 112 YEARS
TOURISM VIA YARMOUTH LINK TO NEW
ENGLAND
1880’s:Yarmouth businessman credited with creating
first tourism marketing in Nova Scotia
1900: DAR rail in NS and operated to NY and Boston
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RECENT HISTORY
TOURISM VIA
YARMOUTH LINK TO NEW ENGLAND
1956 – 1998: Bluenose to Bar Harbor (year round)
1970 – 2004 Scotia Prince to Portland (seasonal)
1998 -2005 Bay Ferries (CAT) to Bar Harbor (seasonal)
2006 Bay Ferries Bar Harbor and Portland (seasonal)
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COMBINED PASSENGERS
DRAMATIC DROP DUE TO LOSS OF SCOTIA PRINCE
SCOTIA PRINCE
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PASSENGERS by PORT
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What the economists say:
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1. The $16.3 million in total tourism spending
2. 260 full-time equivalent (FTE) jobs
4. $8.0 million of labor income
5. Taxes: federal and provincial $2,900,000
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What’s missing in Financial Analysis :
10,000
seasonal residents
Millions lost in municipal taxes
Declining real estate values
Millions lost in local spending
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What website testimonials are telling us:
An investment of $1M+ based on ferry
Revenue loss of $500K – bus tours
Loss of 100% of clients
Loss of tourism infrastructure
Loss of seasonal residencies
Business closure & bankruptcy
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Engaged municipalities and towns;
Support from:
NS Chamber of Commerce; Tourism Association
of NS; Restaurant Association of NS; NS Realtors
Association; NS Motor coach Association;
NS Hotels Association and NS B&B Association
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Launched a website,
nsusaferry.com
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The Plan continues to unfold :
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Make the economic case
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Bring the business story to government
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Attract an experienced operator
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Encourage the Province to take the lead
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Likely Scenario
Cruise-ferry like Scotia Prince/Seasonal Service
Run by private company with start-up investment
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How can you help?
Promote this campaign
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Let your representatives know
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Ask local businesses to tell their story
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Visit :
nsusaferry.com
Thanks for listening
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