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Strategic Directions
Business Climate
Make it easier for business to start and grow, creating income and jobs
During the consultations, we heard too many stories about how difficult it is to run a business in Nova Scotia. Our competitors, at home and abroad, are working to make it more attractive to do business in their jurisdictions. Nova Scotia must not only keep pace but seek to lead.
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| Deficit and debt | Balance the budget by 2002–03 to begin to reduce the debt while maintaining key government services |
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| Taxes | Produce the most attractive business tax structure in the region by 2005; examine the tax system to identify opportunities to support private sector-driven economic development |
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| Regulations | Improve and streamline regulation by implementing the recommendations of the Red Tape Reduction Task Force; institute an “economic audit” process to help understand the impact of proposed or amended regulations on the economic development process |
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| Entrepreneurship | Continue to strengthen the entrepreneurial culture through a partnership of government, business, education, community, and the media |
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| Aboriginal and treaty rights | Continue to work with Nova Scotia Mi’kmaq and the federal government to resolve key outstanding issues and ease uncertainty |
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Measuring Progress—Government will develop an annual state of business report, including a business climate index to compare Nova Scotia’s performance against other jurisdictions.
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