Where do high tech investments go?
Here’s a good example of my point. My point about creating environments that are conducive to attract multinational investment.
These researchers found that companies are looking for strong technological environments in which to set up manufacturing and R&D activities.
So, think about New Brunswick saying it wants to grow its aerospace industry. Now look at the findings of this study.
What has the NB government done to build its technological capacity for this sector? Where are the research institutes? Where are the Masters and PhD programs in aerospace engineering? Where are the world class firms? How about suppliers of specialized materials? Industry associations? Technical conferences?
Nada. Nada. Nada.
They will do the same thing they have always done. They will create a brochure and then take a ‘mission’ to the Paris Air Show. Someone will be polite and they will come back and say the show was a huge success. Everyone will forget and get on with business.
Maybe we should just wait and hope that speculators find valuable, commercial deposits of minerals in Albert County. Because we have been ‘targeting’ aerospace for as long as I can remember and there is almost nothing here. The weakest aerospace industry in Canada and that includes PEI and NL.