The economy

Fostering sustainable growth and creating opportunities for businesses and workers to thrive.

Overview and measurements

A thriving economy provides opportunities for businesses and individuals, fostering resilience and growth. By promoting innovation, trade and investment we are committed to building a sustainable economy that benefits every community.
 

Increase the growth rate of average weekly earnings<br>2014-19 average: 2.5% growth<br>2025-28 goal: 3% annual growth
Increase the growth rate of average weekly earnings
2014-2019 average: 2.5% growth
2025-2028 goal: 3% annual growth
Increase percetnage of youth ages 20-26 engaged in education, employment, or training<br>2024 state: 84.6%<br>2028 goal: 86.9%
Increase percentage of youth ages 20-29 engaged in education, employment, or training
2024 state: 84.6%
2028 goal: 86.9%

Commitments

Fiscal responsibility

  • Balance the budget in each year of our mandate.


Addressing workforce needs

  • Provide grants to New Brunswickers who have studied to work in high-priority fields, including health care, the building trades, and education.
  • Focus immigration pathways on critical labour needs like health care, building trades, and education, and support newcomers to make New Brunswick home.
  • Review and simplify the foreign credential recognition process and let people get to work.
  • Phase in pay equity in the private and care sector, using a model similar to Quebec and Ontario.
  • Support unemployed and underemployed New Brunswickers to upskill the labour force.

Investing in good paying jobs

  • Leverage our opportunities and strengths to invest in the right sectors at the right time including emerging opportunities in energy, technology, agriculture, and manufacturing.
  • Deliver an energy plan that provides affordable, reliable, clean energy for New Brunswickers and New Brunswick businesses.
  • While we move to a 100 per cent non-emitting grid, we will work with the federal government to ensure big emitters bear the brunt of the price on carbon.
  • Close cell coverage and high-speed internet gaps across the province.
  • Increase productivity by reviewing and improving investment tax credits like SBITC and scientific research and economic development (SR/ED) credits to ensure investments in research, automation, and technology.
  • Increase New Brunswick exports by diversifying our international markets and working with our Canadian neighbours to remove trade and credential barriers posing economic roadblocks.
  • Consider arts and culture as important economic and social drivers. Better leverage opportunities to invest in our artists, cultural and creative industries, and institutions to ensure good-paying jobs and a robust creative economy that all New Brunswickers can be proud of.
  • Support the transition committee’s work on the Status of the Artist.
  • Maximize the benefit of infrastructure to New Brunswickers by leveraging an asset management plan for transportation infrastructure to ensure roads and bridges are prioritized for repair or replacement and that contractors are paid on time.