Why New Brunswick?
The energy sector drives over 60 percent of the Province of New Brunswick's foreign exports and is a critical component in helping to achieve our long term economic development goals. The diversity and generation capacities of our energy assets as well as our robust transmission and delivery system create The Energy Hub.
- Geographic proximity to markets in New England, Quebec and Atlantic Canada
- Robust delivery infrastructure
- Secure supply
- “Development-friendly” business climate
- Efficient regulatory and policy environments for energy development
- Willingness to site projects
- Progressive efficiency and conservation initiatives
- Innovative energy technology and alternative energy development
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Ahead of schedule for meeting renewable energy generation targets as part of the mix
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Canada's only officially bilingual province (English and French)
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Primarily resourced based and one of the most export oriented regions in Canada
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In the last 10 years exports have almost doubled to over $10 billion CDN
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The Port of Saint John, one of five ports in the province, offers world class, deep water service year round and is closer to Europe than any Eastern U.S. port
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Major rail lines connecting to Atlantic and Central Canada and Eastern U.S.
| Total Population |
729,997 |
| Population 15 years and over |
611,000 |
| Partcicipation Rate |
63.6 % |
| Unemployment Rate |
8.1 % |
| Unemployment Rate, 15-24 years old |
14.3 % |
| Employment Rate |
58.4 % |
| Unemployed |
32,000 |
| Employed |
357,000 |
| Part Time Workers, > 30 hrs |
47,000 |
| College Students |
6,386 |
| University Students |
22,599 |
Source: Statistics Canada; NB Post Secondery Education, Training and Labour; Main Labour Market Indicators, HRSDC,
Figures as of January 2007
- New Brunswickers' work, on average, longer hours than any other Canadians
- 64 % of our workers have some post secondary education
- Low absenteeism and long tenure are hallmarks of our workforce
- New Brunswick employer paid costs are only 16 % of payroll
- Statutory plans are 40 % lower cost than in the U.S.
- Compared to the U.S.:
- Average labour savings of 19 %
- Average land and buildings cost savings of 31 %
- Average utilities cost savings of 10 %
- Tax Credits:
- Provincial sales tax - The entire 14 percent sales tax (or value-added tax (VAT)) on business inputs is a 100% refundable tax credit for most businesses
- Federal investment tax credit - Deducted from federal tax payable, this credit is 10% of net investment in equipment and building in manufacturing, processing, mining, oil and gas, logging, farming and fishing
- Provincial R&D tax credit - The tax credit and write-offs for R&D costs (with the exception of buildings claimed for R&D) will be 15% of R&D expenditures
- Federal R&D Incentives - The tax credit and write-offs for R&D costs (with the exception of buildings claimed for R&D) will be 20% of R&D expenditures
- Housing prices are as much as 50% lower than the Canadian average
- Free basic universal health care
- Some of the most historic and award-winning tourist sites in North America
- 1200 Kilometres (750 miles) of beautiful, sandy, warm water sea beaches
- 40 golf courses
- Safer and more secure than most locations in North America
- Urban amenities, such as fully-equipped conference centers, hotels and shopping
- Cost of living 20% lower than Canadian averagetional level sporting facilities
Business model and statistical information on this page courtesy of Business New Brunswick
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