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St. John’s, Newfoundland, Atlantic Canada’s Most Entrepreneurial City

Posted Wednesday, December 10, 2014

Halifax, October 27, 2014 - St. John's is the Atlantic Provinces' most "entrepreneur friendly" city. This is the finding of the 2014 Entrepreneurial Communities report from the Canadian Federation of Independent Business (CFIB). The annual report uses 14 indicators to determine which Canadian cities offer the best entrepreneurial environment. The capital of Newfoundland and Labrador was the only city in the region to make it into Canada's top 10.

The report looks at a variety of factors including the scale and growth of business ownership, industrial diversity, indicators associated with optimism and growth plans and actions local governments take with respect to business taxation and regulation.

Halifax, the region's largest city, took a tumble from 2013's result largely due to a drop in business optimism. Moncton and Charlottetown remain in the middle of the pack while Saint John improved slightly.

Andreea Bourgeois, CFIB's Senior Analyst in Atlantic Canada, parsed the numbers saying, "While no Atlantic community has seen a strong increase in its score, several municipalities have seen significant decreases in their 2014 scores: Fredericton (a decline of 11.2 points compared to its 2013 score), Halifax (8 points decline), Bathurst (8 points drop), and Miramichi (7 points drop). This highlights the overall low optimism in the Maritimes which translates into lower employment plans and lower construction start-ups."

Jordi Morgan, CFIB's Vice-President for the Atlantic region also explained, "Some of these data sets are extracted from CFIB's Monthly Business Barometer which regularly shows the Maritimes lagging behind the rest of the country in business optimism. It's another wake up call for policy makers in the Maritimes to take action to create a better environment for small business."

For further information contact Jordi Morgan at (902) 420-1997.

CFIB is Canada's largest association of small- and medium-sized businesses with 109,000 members across every sector and region.