The City of St. John's has been ranked No. 2 among Atlantic municipalities in a national report on entrepreneurial spirit, released by the Canadian Federation of Independent Business.
The graphic above shows the rankings given by a Canadian Federation of Independent Business report to Atlantic region municipalities for entrepreneurial spirit.
However, the CFIB says Newfoundland an Labrador municipalities have substantial work to do to encourage an entrepreneurial spirit.
Corner Brook fell into 13th place in the Atlantic rankings.
“The main difference we see between St. John’s and Corner Brook is the optimism of businesses in those cities,” said Vaughn Hammond, senior policy analyst for CFIB in Newfoundland and Labrador. “Regardless, there is room for improvement for both if they focus on reducing the tax and regulatory burden, which should hopefully see them rise in the rankings.”
Communities in Boom: Canada’s Top Entrepreneurial Cities compares 107 Canadian municipalities with population sizes of at least 25,000 on 14 different indicators, including the business tax burden, the number of business start-ups, and the optimism of small business owners.
Western provinces have the largest number of cities at the top of the list. In Atlantic Canada, there was no city among the Top 20 in the country.
The accompanying graphic shows the highest ranked municipalities in the Atlantic region.