Thank you, Mr. Chairman. At this time, I cannot support this motion. I believe that the local businesses do have higher costs of operation and they do need some type of assistance to enable them to compete with southern firms whose offices and operating costs are much lower, because their supplies and their offices are all directly from the South. Also, because many of those firms have the opportunity to buy their goods in much larger numbers, a greater number of whatever it is that they're using, so they can get better prices. In order for our businesses to compete, they do need some type of a levelling, something to level the playing field. At this time, we still have not reviewed the report that was commissioned or that is being done. I would be in support of reducing the BIP, perhaps in half, for a couple of years until we balance the budget; but I cannot totally support doing away with it, even for a short period of time unless we have something to replace it. So, as I said, I cannot support this motion. Thank you.
Roy Erasmus on Committee Motion 15-13(3): To Suspend Application Of The Business Incentive Policy
In the Legislative Assembly on May 15th, 1996. See this statement in context.
Committee Motion 15-13(3): To Suspend Application Of The Business Incentive Policy
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
May 14th, 1996
Page 384
Roy Erasmus Yellowknife North
See context to find out what was said next.