Small business, Entrepreneurship, and Innovation (Feb 2012)

Research by the Institute for Competitiveness & Prosperity

Working paper 15 shows that public policy should focus on truly entrepreneurial firms to strengthen innovation capabilities in Ontario and Canada

Smaller businesses are the backbone of Ontario’s and Canada’s economies. But not all smaller businesses are the same. Our economy would be better served if public policy focused on assisting the relatively small number of entrepreneurial high-growth, high-impact firms that will drive innovation, productivity, and prosperity. Thus the emphasis in taxation and broader economic policy should shift from smaller to growing firms.

These are the key conclusions of the Working Paper, Small business, entrepreneurship, and innovation