All governments focus on areas of their economies that hold the best potential to attract private-sector investment. The Ontario and federal governments spend a substantial amount of money and resources to ensure the automobile manufacturing sector can thrive. On Prince Edward Island, a concentrated focus on the aerospace sector has led to the growth of a $400-million industry. Government's opportunities-based economic development model is based on the same principles – only it looks for singles and doubles as well as home runs. Collectively, these opportunities will boost growth and build momentum.
Government will start by using the subject-matter experts in government departments to uncover potential opportunities. Government will work closely with the private sector to ensure these opportunities have potential and to develop the roadmap for their development.