Nova Scotia premier wants his province to become Canada's start-up capital

Nova Scotia premier wants his province to become Canada’s start-up capital

The province will axe regulatory fees for new businesses and cut an additional $30 million in “unnecessary regulatory burden”

By: Canadian Press
July 7, 2021 September 21, 2021
11:16

The Nova Scotia government announced today it will eliminate all regulatory fees for new businesses during their first two years in operation.

The pledge stems from recommendations by the government’s Economic Growth Council, an advisory group that is helping draft the province’s post-pandemic economic recovery plan.

In all, the council submitted 16 recommendations to Premier Iain Rankin’s Liberal government today — all of them focused on immediate and short-term actions.

Rankin issued a statement saying he wants Nova Scotia to become Canada’s start-up and scale-up capital.

To do that, he says the government will cut an additional $30 million in what he called “unnecessary regulatory burden” to spur more growth by the end of next year.

The premier is also promising to reduce the “unnecessary administrative burdens” on physicians, and he is pledging to create a one-stop shop for start-up permits.

“The council acted swiftly to provide its first set of recommendations on how best to position Nova Scotia’s economy as we begin our post-pandemic recovery,” Rankin said in a statement.