Government of Nova Scotia
Economic Development
Business Climate Index

2003

Venture Capital/Business Loans

Venture Capital Investments - Rank 8
Venture Capital Investments measures private equity dollars per employee (Canadian Venture Capital Association, 2001)

Business Loans Per Employee - Rank 6
Business Loans Per Employee measures business loans per employee (Bank of Canada Review, 2000)

Issue:

To grow and succeed in the Nova Scotia, national and international marketplace business needs access to a variety of sources of capital.

Action to be taken:

  • Develop a strategy to partner with the credit union to increase the availability of loan funds to business.

  • The province, in cooperation with organized labour and local investment professionals, will work to develop pools of capital that can be used to make investments in Nova Scotia businesses.

  • Encourage InNOVAcorp to use the recent investment in the Nova Scotia First Fund to make investment in innovative Nova Scotia companies.
Outcome:

Increase in the availability of loan and equity funds.

Action taken by:


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    Updates:

    • November 2004