Nova Scotia to combine five economic development agencies into two new Crown corporations

Nova Scotia Premier Tim Houston says the change will streamline operations and make the government more accountable for economic development decisions

The Nova Scotia government is combining five economic agencies with annual budgets totalling $100-million into two new Crown corporations.

Nova Scotia Lands, Harbourside Commercial Park Inc., and Develop Nova Scotia will be absorbed by a new Crown corporation to be known as Build Nova Scotia. The government says the CEOs of Innovacorp, Nova Scotia Business Inc., and Develop Nova Scotia will be let go with severance, but it’s unclear if more job losses will follow.

Build Nova Scotia will assume responsibility for the estimated $2-billion redevelopment of the Queen Elizabeth II Health Sciences Centre in Halifax.

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