Charlottetown, PEI – The Greater Charlottetown Area Chamber of Commerce commends a number of initiatives presented in the 2016 federal budget; however points to a lack of focus on the private sector investment for economic growth as a concern.
In addition to the deferral of the reduction to the Small Business Tax rate, the Chamber is concerned about continuing deficits and the lack of plan for returning to a balanced budget.
“The budget emphasizes investment in infrastructure spending which will be a benefit to municipalities,” said Drake, “An important consideration will be the matching requirements and the fiscal capacity of other levels of government to contribute to priority projects. The federal government’s commitment and support for investment is critical.”
The Greater Charlottetown Area Chamber of Commerce serves as the “Voice of Business” on economic issues for its 975 members, representing more than 17,500 employees in small, medium and large enterprises in the capital region. For further information on the Chamber, visit the website atwww.charlottetownchamber.com or call 902-628-2000.
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Penny Walsh McGuire
Greater Charlottetown Area Chamber of Commerce
902-628-2000 (ext. 223)