Atlantic Canada Opportunities Agency Had 27 Percent Failure Rate

Money is removed from an ATM in Montreal on May 30, 2016. Ryan Remiorz/The Canadian Press

A federal briefing note says more than a quarter of Atlantic businesses that get federal subsidies fail within five years.

“The business survival rate for Agency-assisted startups is 73 percent,” said the federal briefing note “Atlantic Canada Opportunities Agency” (ACOA).