Business Start-up | Nova Scotia wants to be the incubator capital

  Business Start-up |  Nova Scotia wants to be the incubator capital

(Halifax) The government of Nova Scotia will eliminate all regulatory fees for new businesses within the first two years of their operation.

The commitment stems from recommendations from the Economic Development Council, an advisory group helping the government draft a post-pandemic economic recovery plan for Nova Scotia.

The council submitted 16 recommendations to the Liberal government of Prime Minister Ian Rankin on Wednesday, all focused on immediate and short-term action.

Premier Rankin has indicated that he wants Nova Scotia to become Canada’s start-up and growth capital.

To do so, he announced that the government would cut an additional $30 million in “unnecessary regulatory burdens” to spur growth by the end of next year.

The prime minister also promised to reduce the “unnecessary administrative burden” on doctors and he promised to create a one-stop shop for business start-up permits.

“The council moved swiftly to provide its first set of recommendations on how to best position the economy of Nova Scotia,” Rankin said in a statement.

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