5:40 am - Friday, November 15 2019
Home / Archives / News (Archives) / Province’s Industrial Expansion Fund Gets An Overhaul

This content is from our archive. It may be outdated, inaccurate or missing media.



Province’s Industrial Expansion Fund Gets An Overhaul


In an announcement made yesterday from the province, Economic Development Minister Percy Paris confirmed approval for new legislation that would see the demise of the Industrial Expansion fund and the creation of its rebranded successor, the Nova Scotia Jobs Fund.

Metro Halifax is reporting that the old Expansion Fund, which was meant to act as a coffer for business development and growth had garnered a reputation as a slush account for Cabinet and the new fund is a step toward increased transparency and accountability. The article states that all business funding transactions approved by the new Economic Investment Committee will be made public with a clear paper trail. However, some opposition critics are pointing out that if the decision-making process leading up to funding is not made public, than the issue of full transparency is still called into question.

Read the full article here and tell us what you hope to see come out of the new fund and the decision-making process behind it:  http://www.metronews.ca/halifax/local/article/1012034–province-rebrands-expansion-fund

About Haligonia.ca

See news happening near you? Tell us. Click here to email our team.


The views and opinions expressed in this content are those of the author and do not necessarily reflect those of haligonia.ca.

You might also like...


PSA – Recreation programs may be delayed/cancelled on Monday morning due to inclement weather

The Halifax Regional Municipality is advis­ing residents that the majority of munic­ipally-operated recr­eation facilities, including...

Collision on Highway 102

The RCMP are on the scene of a single vehicle crash on Highway 102. 
At approximately 3:09 p.m. this afternoon, the...

Leave a Reply

Your email address will not be published. Required fields are marked *