Government: A Help or a Hinderence to Business Development

Abstract

Business leaders argued that governments destroyed the economy, however, government officials held a different point of view. The truth is, many businesses want and need the assistance from the government. If economists cannot agree on what to do, those of us who are not experts are just as qualified to offer solutions. The research is about the part government policy plays in enhancing or inhibiting local businesses. To do the survey, a background research is conducted, then a classification of programs. Approximately 50% of local industries participated in the study by completing the questionnaire. The results of the survey are either positive or negative. The potential for economic development also has advantages and disadvantages. The weaknesses are the problems that can be addressed. The investment in infrastructure, education and training programs and various direct assistance programs are beneficial to the economy in the South Huron, however, the total tax burden is of considerable concern. The awareness level of the business community is revealed. The economic climate in Ontario and South Huron are both poor, although South Huron is more optimistic. Government policies play a positive role and senior government must streamline programs and eliminate duplication, while local government should improve the coordination and promotion of economic development programs with senior government. Our prospects will improve immeasurably through a concerted effort to streamline government and to control costs, and to adopt a rational policy-making process.