[FREDERICTON, NB] — A plan designed to accelerate economic growth province-wide was released on Tuesday by Premier David Alward.
Entitled, 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.
“Growing Together is a blueprint for creating new jobs and opportunities for New Brunswick workers and their families,” said Alward. “Our vision for the future empowers local communities with real power to invest in their regions strategically and with accountability.”
The plan 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; biosciences; industrial fabrication; aerospace and defence; value-added wood; value-added food.
"Combined, the six sectors directly generate around 25 per cent of our provincial gross domestic product," says Alward. "This strategy aims to accelerate and measure growth in each sector."
Further companion documents will include a labour force development strategy, an international trade strategy and a provincial innovation strategy. The province’s innovation strategy will be released in the coming weeks. As well, an updated education strategy is intended to ensure graduates are well-prepared to proceed to further education, training and employment.