Island Advance recommended several changes to the provincial tax system that would encourage entrepreneurship, business start-ups and business expansion, and would increase access to capital, particularly for new ventures.
“Our research shows an example of creative tax policy that both spurs investment in local companies and increases the province’s fiscal capacity,” said Ron Keefe, Chair of Island Advance. “We are happy the Standing Committee is seeking input from the private sector on how changes to tax policy could encourage capital formation.”
Island Advance recognizes the need to create leading edge public policy and programs to support capital formation and entrepreneurship, and commends the Legislative Assembly for opening up this dialogue. The written submission to the Standing Committee on Education and Economic Development is available online at www.charlottetownchamber.com.
Island Advance is an initiative of the Greater Charlottetown Area Chamber of Commerce that seeks to foster economic growth across Prince Edward Island by embracing entrepreneurship, improving access to capital and retaining entrepreneurial immigrants. For more information on Island Advance visithttp://www.charlottetownchamber.com/islandadvance
The Greater Charlottetown Area Chamber of Commerce serves as the “Voice of Business” on economic issues for its 975 members representing more than 17,500 employees in small, medium and large enterprises in the capital region. To learn more about the Chamber please visitwww.charlottetownchamber.com.
A copy of the written submission is available here.
Project Manager, Island Advance