Goal 4

New Business Startups

The Nova Scotia economy will be home to 50% more high-growth start-up firms.

Man and Woman collaborating around macbook pro Man and Woman collaborating around macbook pro

Goal Status

donut shaped icon to signify the status of not progressing Not Progressing Not On Track
Current: 230
Baseline: 310
Target: 465

Period Number of high-growth enterprises Target Baseline
2011-2014 310 465 310
2012-2015 300 465 310
2013-2016 240 465 310
2014-2017 240 465 310
2015-2018 230 465 310
2016-2019 240 465 310
2017-2020 230 465 310

Download CSV File

What This Means

The proportion of high growth firms in Nova Scotia remained somewhat lower than the Canadian average. For the 2017-2020 period, the proportion of high-growth firms was highest in Prince Edward Island, British Columbia, and Quebec, and lowest in Saskatchewan and Manitoba. Comparing the 2017-2020 period with the earliest period 2011-2014, the number of high-growth firms had declined in all provinces except Prince Edward Island (where high growth firms remained the same).


Indicator: A high-growth enterprise is defined as an enterprise which has average annualized growth in revenues of greater than 20% per year over a three-year period (72.8% growth over three years), and at least 10 employees at the start of the three-year period.

Deep Dive

Read more detailed information about this goal by clicking 'Deep Dive'

New Business Startups Deep Dive

Related Stories