Current Situation

For the period 2011-2014, Nova Scotia was home to 310 high-growth enterprises  (see ‘Deep Dive’ for definition). These enterprises accounted for 6.5 per cent of all enterprises with 10 employees or more in 2011, just below the Canadian average of 7.6 per cent.

Deep Dive


What This Means 

While the rate of high-growth firms in Nova Scotia is somewhat lower than the Canadian average, the average is skewed by significantly higher numbers of high-growth firms in resource-rich provinces like Alberta and Newfoundland and Labrador over the 2011-2014 period. As additional years of data become available, it will become clearer how this trend is affected by the lower price of oil, and how Nova Scotia’s rate is changing over time.