The Holt government has announced a new economic development strategy.
It’s part of efforts to build a more productive, investment-ready and globally connected New Brunswick.
Premier Susan Holt said the province is at a pivotal moment as global economic conditions are shifting and New Brunswickers feel the uncertainty.
“Our job is to make sure our economy stays competitive, resilient and ready for what comes next,” Holt said in a statement.
“This strategy creates the conditions for businesses to grow, for workers to succeed and for communities to thrive.”
She said government doesn’t create growth on its own. It needs people and businesses.
“Our role is to remove barriers, make smart investments and work as a team to turn the opportunities in front of us into real results for New Brunswickers.”
The strategy will focus on five enablers of growth: improving access to capital; accelerating innovation and productivity; building a skilled workforce; investing in economic infrastructure; and strengthening energy systems to support long-term competitiveness.
The plan also identifies areas where New Brunswick has a competitive advantage and growing global demand, including resource-based industries and the knowledge- and technology-driven sectors.
The move was welcomed by the New Brunswick Business Council.
President and CEO Monica Gaudet-Justason said it’s a critical time for the province.
“Sustained economic growth is essential to creating jobs, supporting strong public services and ensuring long-term prosperity,” she said.
The government also announced the New Brunswick Growth Office, intended to align efforts across departments, accelerate major projects and ensure investments deliver measurable economic results.
“The Growth Office will help us move faster and work smarter,” said Post-secondary Education and Training Minister Jean-Claude D’Amours.
