Inventing Real Opportunity
The region attracts innovators… people with the knowledge and
skills to create opportunities in our ocean and oil and gas
industries.
Because of its reputation as a place at the leading
edge, the Northeast Avalon is a place where young people want
to be right now. Local University and college graduates, especially
engineers, scientists and skilled trades people, are finding their
dream jobs in their home towns.
The newly refurbished St. John’s International Airport (serving the northeast Avalon region) is now the tenth busiest airport in Canada. In 2007, close to1.25 million passengers passed through its gates. In the past decade, passenger volumes have increased by 70 per cent—more than double the national average.
The Northeast Avalon is also a place where businesses that are looking for an edge in the tough international market chose to locate.
That’s why the provincial government developed its EDGE Program. It is one of the best business-incentive packages in Canada:
- 15-year tax break
- 100 per cent rebate on provincial corporate income tax
- 100 per cent rebate on health and post-secondary education tax
- 50 per cent rebate on federal corporate income tax (the only province in Canada to offer this rebate)
- Access to Crown land for business set-up, relocation and expansion
Invest in a place with the energy and the resources to lift your business to the next level, catch our wave of prosperity. Invest in the Northeast Avalon.