Premier Meets with CFIB on Economic Issues

Co-operation between government and the business community is a must if the Nova Scotia economy is to withstand a worldwide economic slowdown, Premier Rodney MacDonald said today, Oct. 21.

The premier made the remarks at a breakfast meeting with the Canadian Federation of Independent Business. Federation representatives at the meeting employ more than 600 people.

"Business is the backbone of many Nova Scotia communities," said Premier MacDonald. "I am proud of the business people who are committed to our province, and committed to maintaining a strong economy. Now, it's more important than ever that government and business work together to ensure our current situation isn't threatened."

The premier reiterated his commitment to a balanced budget. He said because of the province's solid fiscal plan, Nova Scotia is better positioned than some parts of the country to deal with a slowing economy.

"We believe a balanced budget is the right thing to do," said Leanne Hachey, federation vice-president for Atlantic Canada. "This is a critical time in Nova Scotia, and we have a number of issues that need to be addressed, but it has to start with the province having a solid fiscal plan and putting the economy at the top of the agenda."

Among issues raised by federation representatives were the overall tax burden, the shortage of qualified labour, wage pressures, power rates, and fuel prices.

"I will work with businesses, through our tax review that is now underway, or through more consultation, to ensure these businesses are able to continue to grow and create more jobs for the people of our province," said Premier MacDonald.

Business leaders and the premier agreed government and the private sector must work together to maintain consumer confidence. The meeting was held as part of small business week.