Government recognizes that small business is the primary engine of economic growth in the province.
The small business sector accounts for over one third of all paid employment. Measures I am announcing today will contribute to sustaining this record and to the continuing growth of this important sector of the economy. Creating the conditions that will allow Newfoundlanders and Labradorians to capitalize on their economic opportunities is an integral part of this government's plan for the future. The recently completed Jobs and Growth consultations showed stakeholders were supportive of government's overall efforts and direction. Several measures we are announcing today respond to the consultations.