Look folks there are all kinds of opportunities for New Brunswick to go after to achieve its economic development goals. It just has to get serious about getting it done. Here is a quick hit list:
Energy – I am not as interested in electricity generation per se but in finding a model that ends up with New Brunswick as a source of low cost energy and using that as an industry attraction tool. A few more energy production facilities will have some economic benefit but after the construction phase the leave behind economic activity is limited. This also includes wind, solar and other energy systems manufacturing.
ICT – This industry has created millions of jobs around the world since the IT revolution in the early 1990s. It will continue to be a major job creator.
Health care – This is the fastest growing industry in North America. We should be far more interested in this sector as an economic development tool and not just a huge cost centre eating up the provincial budget each year. Certainly medical tourism, pharmaceutical benefits management, health IT, nutraceuticals, traditional pharmaceuticals, health promotion, etc. are all sectors that have significant revenue potential for a place like New Brunswick should we be interested.
Food – Food manufacturing – selected niche areas – will continue to be a growing opportunity in North America.
Creative industries – film, animation, TV development – again the long term potential for content creation is very positive. There will be serious upheaval and winners and losers galore but overall the development of content for multi-channel delivery will continue to grow.