Source: Government of New Brunswick
July 2025
The Government of New Brunswick is dedicated to building a resilient and thriving economy by promoting sustainable growth, innovation, trade, and investment. Their comprehensive strategy aims to create abundant opportunities for both businesses and workers across the province.
Key Highlights of New Brunswick’s Economic Development Priorities:
- Addressing Workforce Needs:
- Efforts are focused on attracting skilled immigrants, particularly for critical sectors like healthcare, trades, and education.
- The government is also streamlining foreign credential recognition, phasing in pay equity in specific sectors, and supporting upskilling initiatives for residents.
- Investing in Job Creation:
- The province is committed to fostering good-paying jobs by capitalizing on opportunities in emerging industries such as energy, technology, agriculture, fisheries, and manufacturing.
- This includes reviewing and improving investment tax credits to encourage research, automation, and technology adoption.
- Enhancing Trade and Connectivity:
- New Brunswick aims to boost exports by diversifying international markets and collaborating with other Canadian provinces to remove interprovincial trade and credential barriers.
- Improvements in cell service and high-speed internet access are also key priorities.
- Supporting Arts and Culture:
- Recognizing the significant economic and social contributions of arts and culture, the government plans to invest in artists, cultural industries, and institutions.
- Recent legislation, introduced on May 9, 2025, specifically aims to ensure fair recognition and compensation for professional artists.
- Infrastructure and Resource Management:
- The strategy involves maximizing benefits from infrastructure through an asset management plan for transportation, ensuring timely payments to contractors, and developing a comprehensive strategy for mineral resources.
- Fiscal Responsibility:
- A foundational commitment of the government is to maintain a balanced budget throughout its mandate.
Navigating these evolving economic landscapes can be complex. Partner with On My Own Business Solutions for expert guidance on tax credits, business planning, and financial management to help your business thrive in New Brunswick’s growing economy. Call us at 506-378-1133 or email OnMyOwnBusinessSolutions@gmail.com for details.
Source: https://www2.gnb.ca/content/gnb/en/corporate/promo/government-priorities/economic-development.html”
