Invest NB officially launched

09/29/2011

Invest NB뭩 business plan framework and board of directors were announced today by Premier David Alward at the Crown Corporations official launch.

Alward, Economic Development Minister Paul Robichaud and Invest NB chief executive officer Robert MacLeod together visited the cities of Saint John, Moncton and Campbellton for three distinct launch ceremonies.

New Brunswick needs a re-energized approach to economic development and investment attraction, Alward said. To that end, Invest NB has a fresh focus on identifying and aggressively pursuing businesses that will succeed in our province and create jobs. The business plan framework sets out the path Invest NB is taking.

The plans goal is to increase the province"s gross domestic product by $293 million over the next three years. The business plan framework will include performance measurements that will relate to real economic growth and greater wealth for New Brunswickers.

To promote our pro-business environment, Invest NB will make informed, strategic decisions to capitalize upon our strengths, said Alward. The measurements included are representative of Invest NB"s focus to invest public money to create high-salary jobs and to develop the economy.

The corporations efforts will be supported by the expertise of its private-sector led board of directors. Denis Losier will serve as chair and Helena Cain as vice-chair of the Invest NB board.

We have the right combination of dedication, drive and experience in place at Invest NB, Robichaud said. This team will be effective in attracting world-class companies that will create more jobs and prosperity in all regions of our province.

Robichaud noted that New Brunswick is particularly attractive to business because it has the lowest corporate tax rate in North America; tailored, low-risk incentives including loan guarantees and employee training; and a skilled labour force.
(source: www.gnb.ca)