Cape Breton Island
Quick Facts
Province: Nova
Scotia
Population: 105,298
This island offers unlimited potential for both your business and your quality of life. Businesses can take advantage of some of the lowest land purchase rates and construction costs in North America, as well as the advantageous corporate tax regime which includes incentives for different types of corporate, investment and business activities. With its great business environment and its low cost of living, Cape Breton Island is a city of opportunities.
Key Advantages
- Cape Breton University and the Nova Scotia Community Colleges offer a variety of training programs to meet ever-changing industry needs and to produce a workforce with a reputation for job loyalty, a strong work ethic and high productivity
- Seaports are strategically located on established international and coastal shipping lanes with convenient access to eastern U.S. ports and the St. Lawrence Seaway
- Sydney Regional Airport operates 24 hours a day and excellent ground transportation systems ensure products reach key markets (Toronto, Boston, Detroit) within exceptional time frames
- Federal and provincial government economic agencies offer financial assistance programs that can be tailored to offset the cost of relocation or expansion
- Federal funding of more than $4.3 million was announced in 2009 for the construction of the Cape Breton Health Recreation Complex and for a Centre for Small Business Development at Cape Breton University (CBU) to help existing businesses and prospective entrepreneurs succeed
- Workforce has a commitment to business that can be seen in average days lost to absenteeism of just 3.4%, compared to Canada and U.S. averages of 4% and 8.5% respectively
Sectors Strengths
- Information Technology
- Environmental Technology
- Oil & Gas
- Aquaculture
- Arts & Culture
- Tourism
