What’s not working?

Posted on January 03, 2018 | Atlantic Business Magazine | 0 Comments

What deters growth and prosperity? Pay attention to the differences and commonalities voiced by attendees at the four provincial workshops—do mutual challenges present mutual opportunities?

Newfoundland and Labrador

  • Lack of self-confidence
  • Misunderstanding of innovation (more than IT)
  • Voter complacency, especially youth
  • Poor “customer service” from government agencies

New Brunswick

  • Intra-provincial competition for government resources
  • Segregation of English and French
  • Voter and emotion-based decision making
  • Lack of succession planning
  • Too much complacency; businesses too comfortable to grow

Nova Scotia

  • Not enough investment capital
  • Ontario-based banks not interested in small, local businesses
  • Wages and benefits: employers can’t compete with Alberta
  • Too many people disengaged from workforce
  • Government departments and decision-makers working in silos
  • Not enough R&D/commercialization

Prince Edward Island

  • Seasonal culture
  • Inadequate Internet
  • Risk-averse
  • Inferiority complex
  • Insufficient public transit
  • Fear of success (Tall Poppy Syndrome)

Where they overlap

  • Bureaucracy/red tape
  • Taxation
  • Provincial debt and deficits
  • Over-dependence on government
  • Not retaining graduates
  • Education doesn’t reflect workforce needs
  • Not celebrating our successes
  • Not enough exports
  • Rural/urban divide
  • Not enough immigration/newcomers not staying

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