An Entity of Type: company, from Named Graph: http://dbpedia.org, within Data Space: dbpedia.org

Industrial Estates Limited (IEL) was a Crown corporation established by the Government of Nova Scotia in 1957. IEL stemmed from the Voluntary Planning Act, instituted by Premier Robert Stanfield's government in the same year. The first president of IEL, Frank Sobey, was paid an honorary salary of $1/year and was instrumental in attracting new companies to the province throughout the 1960s. Some of these companies included:

Property Value
dbo:abstract
  • Industrial Estates Limited (IEL) was a Crown corporation established by the Government of Nova Scotia in 1957. IEL stemmed from the Voluntary Planning Act, instituted by Premier Robert Stanfield's government in the same year. The first president of IEL, Frank Sobey, was paid an honorary salary of $1/year and was instrumental in attracting new companies to the province throughout the 1960s. IEL began with a $23 million start-up investment from the government and received a mandate to build industrial parks and lease space to companies, though through an aggressive pursuit of outside investment. IEL quickly began building and financing plants for companies that were willing to move to the province. By 1968, 60 firms had benefited from the program, producing 10,000 new jobs and $40 million in provincial revenue. Some of these companies included: * Stora Kopparbergs Bergslags AB of Sweden, which built a large integrated pulp and finished paper mill in Point Tupper. * Michelin of France, which eventually built three tire manufacturing plants in Granton, followed by Bridgewater and Waterville. * Volvo Personvagnar AB of Sweden, which built the only Volvo car assembly plant in North America in Dartmouth, which later moved to Halifax (see: Volvo Halifax Assembly) * Scott Paper Company of the United States, which built a kraft pulp mill in Abercrombie. * Clairtone a Canadian consumer electronics company IEL was at its zenith during the 1960s as it played an important part in modernizing and diversifying the province's economy. Its influence declined significantly in the 1970s with the increasing role of the federal government in economic development through the Department of Regional Industrial Expansion and its successors. (en)
dbo:wikiPageID
  • 10359295 (xsd:integer)
dbo:wikiPageLength
  • 2488 (xsd:nonNegativeInteger)
dbo:wikiPageRevisionID
  • 1052406830 (xsd:integer)
dbo:wikiPageWikiLink
dbp:wikiPageUsesTemplate
dct:subject
gold:hypernym
schema:sameAs
rdf:type
rdfs:comment
  • Industrial Estates Limited (IEL) was a Crown corporation established by the Government of Nova Scotia in 1957. IEL stemmed from the Voluntary Planning Act, instituted by Premier Robert Stanfield's government in the same year. The first president of IEL, Frank Sobey, was paid an honorary salary of $1/year and was instrumental in attracting new companies to the province throughout the 1960s. Some of these companies included: (en)
rdfs:label
  • Industrial Estates Limited (en)
owl:differentFrom
owl:sameAs
prov:wasDerivedFrom
foaf:isPrimaryTopicOf
is dbo:wikiPageDisambiguates of
is dbo:wikiPageWikiLink of
is foaf:primaryTopic of
Powered by OpenLink Virtuoso    This material is Open Knowledge     W3C Semantic Web Technology     This material is Open Knowledge    Valid XHTML + RDFa
This content was extracted from Wikipedia and is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License