Economy

Economy
The PCs said in their platform that the province is “at a turning point,” and that “with growing international uncertainty, it’s clear we need to build a stronger economy that puts our businesses first.”
The party vowed to “cut unnecessary rules and paperwork, increase trade with other provinces, and support our local businesses.” It also noted that small business owners “face too many obstacles when starting or growing a business,” and that we “need to create a pro-business environment that helps them succeed.”
The party also wants to support rural economies, while at the same time dealing with “the serious worker shortage facing our industries.”
The PCs promised to:
Trade
- Eliminate unnecessary regulations that prevent local businesses from expanding or bidding on projects in other provinces.
- Cut red tape between provinces. Products and services should be able to move freely across Canada. Different rules in each province slow things down, cost businesses money, and make everyday goods more expensive.
- Recognize professional credentials and required training across provinces. Workers certified in one province should not be forced to do additional training to work in another. Examples of required training which can be streamlined across provinces include Fall Arrest, Confined Space and WHIMIS training.
- Buy local first. When the government spends tax dollars, local and Canadian businesses should get the work—so more money stays in our communities.
- Task a Minister with helping Newfoundland and Labrador businesses, including the fishery, find international markets.
Small Businesses
- Aggressively reduce red tape to free businesses from outdated rules thus allowing them to thrive in all regions of the province.
- Make government services easier to use. We will set clear service standards, put more forms online, and speed things up by auto-filling repeat forms. We will also create step-by-step guides to help new business owners. We will increase the number of government services available online.
- Improve the business help desk. Employers will get clearer answers about the rules that ap- ply to them and can check-in if applications are delayed. We will also extend hours so help is available when business owners need it.
- Lower the small business tax to 1%.
Workforce
- Develop a strategy for population growth spanning 2026-2031, focused on workforce development, growing families, growing regions, immigration and returning Newfoundlanders and Labradorians home.
- Align training and upskilling opportunities with labour market needs to help unemployed and underemployed Newfoundlanders and Labradorians gain the skills they need for available jobs.
- Focus immigration on critical areas of labour shortage using the expertise of local individuals who have a track record of recruiting internationally.
- Fix the skilled trades apprenticeship program to make it easier for apprentices to access on- the-job training, complete in-class modules, and successfully pass their certification exams. Upon completion of their primary training, all apprentices will automatically receive their log books.
- Expand skilled trades programs with a high school pre-apprenticeship program. High school students will be given the opportunity to explore and prepare for careers in the skilled trades.
- Require local community benefits agreements for all natural resource projects and public infrastructure contracts valued over $500,000. This will ensure the principal beneficiary of our resources will always be the people of our province. This will prioritize the hiring of local skilled trade workers, awarding of contracts to local companies, and opportunity for apprentices and underrepresented groups such as women, gender diverse individuals, and Indigenous workers. Projects will be required to employ a minimum of 10% apprentices. In partnership with industry and trades unions, we will work towards the benchmarks outlined by TradesNL.
- Ensure that Newfoundland and Labrador receives its fair share of any new federal government defence spending.