Office of the Premier
Investment in innovation to help rebuild New Brunswick forestry industry11 May 2012
EDMUNDSTON (GNB) – The New Brunswick government is investing $1.5 million in innovation in the forestry industry at Université de Moncton's Edmundston campus.
The investment in research and development at the Northern Hardwood Research Institute is a part of government's plan to work with forestry workers, researchers, industry and other valued partners to rebuild New Brunswick together.
"Research and innovation are vital to ensuring our forestry industry will be even more important to the future of New Brunswick's economy than it has been to its past," said Premier David Alward, who participated in the announcement accompanied by Prime Minister Steven Harper and president of Université de Moncton, Yvon Fontaine.
"By working with strong partners, such as industry and the researchers here at l'Université de Moncton, to grow jobs and the economy I am confident we can rebuild New Brunswick together."
Alward and Economic Development Minister Paul Robichaud made the announcement today as part of the recent launch of Growing Together – An Economic Development Action Plan for New Brunswick.
The plan envisions economic development as a community-driven venture and redefines government's role in stimulating a strong and sustainable economy.
Investing responsibly in a stronger, community-driven economy is at the heart of government's plan to rebuild New Brunswick and provide families with an enhanced quality of life.
"Value-added wood is one of the six sectors our government has identified to enhance productivity and contribute to our provincial gross domestic product," said Robichaud. "Today's investment demonstrates why it's important for our government to become a strategic partner with the Northern Hardwood Research Institute."
Growing Together – An Economic Development Action Plan for New Brunswick outlines a series of measures and strategies designed to build the province's economy on the strengths of its human resource potential, traditional economic advantages and strategic growth in six specific sectors:
● information and communications technology;
● industrial fabrication;
● aerospace and defence;
● value-added wood; and
● value-added food.
Subsequent announcements and companion documents pertaining to the sector strategies will be released in the coming weeks.
The federal government, the Université de Moncton and the private sector will also support the institute.
● Department of Economic Development