It has been estimated that more than 80
We do not want to return to a centralized economic development model directed and funded by government. We will work with our local partners, including First Nations, to establish a new model. The approach taken in one area may not be the same as in another, but the outcome will be that each region of New Brunswick has empowered and engaged local economic development teams.
The elements of a successful regional economic development model include:
- local leadership – it is important for each region to have strong local leadership supporting development. This leadership should include business,
communityand local government stakeholders. It should also include both volunteer time and financial support;
- a regional economic development plan focused on developing specific attributes and opportunities in each region of the province;
- a robust start-up support system to support entrepreneurs;
- local market intelligence – deep knowledge of the state of the local economy, labour market and key assets;
- infrastructure development – ensuring the region has the economic infrastructure it needs to support long-term economic growth; and
- active and focused support from the Government of New Brunswick via ONB.
All areas of the province have specific attributes, assets and industrial clusters that could be developed for further private-sector investment. Charlotte County has the highest concentration of aquaculture workers in Canada adjusted for population size. Nearly one in 10 workers in Carleton County is employed in the agriculture sector – five times more than the overall Canadian economy. Restigouche County has the highest concentration of forest products employment among all regions, with more than nine