Business

Cutting red tape: Stephen McNeil and Mike Savage win CFIB Golden Scissors

Changes will save Nova Scotia businesses $34 million each year

Nova Scotia Premier Stephen McNeil and Halifax Regional Municipality Mayor Mike Savage jointly won the Canadian Federation of Business 2019 Municipal Golden Scissors Award on Thursday.

The Scissors are awarded on a municipal, provincial and federal level to public servants and other Canadians who have made a significant change in cutting red tape.

The politicians were recognized for developing a joint project to reduce unnecessary and outdated regulations that slow economic growth. The project has been in effect for the last 18 months.

“It’s important for Nova Scotia to have a thriving business community and an efficient regulatory system contributes to that,” reads a news release from McNeil. “We are committed to continuing this work that saves businesses time and money and allows entrepreneurs to focus on their business, be more competitive and help grow our economy.”

According to the news release, businesses will now save about $34 million annually, passing the government’s reduction goal of $25 million from 2017.

In addition to the award, the CFIB gave Nova Scotia an A grade in its 2019 Red Tape Report Card for its efforts in 2018. The province was recognized nationally for its teamwork with the HRM and for reducing business incorporation fees to the lowest in the country.