Nordicity Completes First Ever Economic Impact Assessment of Nunavut’s Production Industry, Leading strategic planning session in Iqaluit September 23
Posted by Nordicity in Ottawa on Sep 01, 2009

Ottawa – September, 2009 – Nordicity Group partner Stuart Jack will be leading a Strategic Planning Session for Nunavut Film and Television Development Corporation (NFDC) board members and other stakeholders from Nunavut’s production industry in Iqaluit on September 23. The session will identify potential strategies, including funding, training and industry tracking frameworks, and will lead to the finalization of the NFDC’s strategic plan in October.

The Strategic Planning Session is the second stage in a two-part engagement between the NFDC and Nordicity. In May 2009, the NFDC commissioned Nordicity to undertake the first ever economic impact study of Nunavut’s film, television and digital media industries. Through interviews with producers, outfitters and other industry stakeholders, Nordicity identified total production spending by Nunavut-based and guest producers, in-territory spending, total economic impact including job creation, and social benefits of the industry. Nordicity also analyzed Nunavut’s competitiveness against other circumpolar film centres, including Greenland, Iceland, Alaska, Yukon and NWT.

The net result of the study was the identification of substantial production industry, especially for a territory with a population of roughly 30,000. Nunavut-based producers spent a total of $7.7 million on production last year, with $6.4 million of that being spent in Nunavut. The total industry generated an annualized generated total annualized GDP of $9.8 million in the Nunavut economy between 2005/06 and 2008/09 and supported the creation of a total of 169 full-time equivalent jobs on an annualized basis.

Nunavut Film and Television Development Corporation (NFDC) is a not for profit development corporation with a mandate to increase economic opportunities for Nunavummiut in the film, television and digital media industries and to promote Nunavut as a world-class circumpolar production centre.

Nordicity Group Limited (NGL) is a leading international consulting firm specializing in strategy and policy development for the creative, telecom and technology industries. Nordicity is a powerful analytical engine, with expertise in policy, regulatory and economic analysis; business strategy and planning; financial forecasting; and market assessments. Because of Nordicity’s international presence, it has become widely recognized for its ability to translate market developments and best practices from one market to another.

Nordicity was founded in 1979, acquired by PwC in 1997, and re-launched in 2002, coincident with the acquisition of PwC’s consulting practice by IBM. Today, Nordicity has offices Toronto; Ottawa; and London, United Kingdom (UK); and clients across Canada, in the UK, Africa, the Caribbean, and Asia.