NDP MHA salutes small businesses, renews call for tax reduction

As Small Business Week got underway, NDP Innovation, Business, and Rural Development critic Christopher Mitchelmore (MHA, The Straits-White Bay North) was at a Roddickton-Bide Arm breakfast listening to small business owners from the area discuss their accomplishments.

“We cannot say enough about the importance of small business to the province’s economy,” said Mitchelmore. “There are about 2000 small businesses operating in Newfoundland and Labrador today, employing more than 40 per cent of all our paid workers.

“That is hugely important, and the benefits to our communities extend past the jobs. The money they make stays in our communities, as local owners do local spending. Small businesses also happily sell and promote locally-made products. Our tourism industry is comprised of many smaller enterprises that combine to make visitors’ experiences memorable.”

Mitchelmore says the contributions are particularly impressive because of the many challenges small businesses face.

“Our entrepreneurs, our co-ops, our innovative business models reflect the ingenuity and tenacity of our province,” he said. “The future of rural Newfoundland and Labrador depends on successful small businesses.

“That is why I am renewing the call to reduce by 25 per cent the small business tax in the province. My colleague George Murphy and I introduced a motion to this effect in the House last March.

“While we were disappointed that the Conservatives did not share our support for small businesses, and voted against the motion, we continue to advocate for it as a way of showing tangible support for this vital sector of our economy.”

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