Canada’s Best Places for Business 2016

New Glasgow, N.S.

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Population: 35,719
Annualized population growth (%) -0.46
Avg. household income ($): 64,430
Total value of building permits issued, most recent year ($): N/A
Avg. office lease rate ($ psf/yr): N/A
Corporate income tax rate (%): 31.0
City website: www.newglasgow.ca

Market

Pop. within 1 hr commuting distance: 54,517
Adults who have completed apprenticeship, trades certificate or diploma (%): 12.68
Adults who have completed university degree (%): 14.22
Adults who have completed bachelor''s degree (%): 68.11
Unemployment rate, most recent month (%): 8.18

Costs

Avg. home price ($): 167,926
Avg. retail lease rate ($ psf/yr): 15.00
Avg. industrial lease rate ($psf/yr): N/A
Avg. general lease rate ($psf/yr): 15.00
Peak electricity cost for businesses ($/kWh) N/A
Peak electricity cost for mid-size commercial business ($/kWh): N/A
Peak electricity cost for mid-size industrial business ($/kWh): N/A

Taxes & Regulation

Business license cost ($): N/A
Avg. processing time for building permit, most recent calendar year: N/A
Non-residential property tax rate (% of assessed value): N/A
Commercial property tax rate (% of assessed value): N/A
Industrial property tax rate (% of assessed value): N/A
Small business income tax rate, if different (%): 13.5 (up to $350,000)/26.5 ($350,000–500,000)
Sales tax (%): 15
Special regulations or zoning: N/A

Other

Largest employers: N/A
Leading industries: N/A
Value of capital projects >$5 million planned or under construction ($ million): N/A
Special amenities: N/A
Special economic development initiatives: N/A