Natural resource industries will continue to play an important role in New Brunswick but will likely never be as important to the economy as in the past. This idea of loosening up the rules around mining exploration and crossing our fingers – is not particularly encouraging.
No, we need to get beyond natural resources as an economic development engine. Miramichi Bay du Vin MLA Bill Fraser nailed it in this article in the T&T today. Fraser said “he’s excited about the future of Miramichi, pointing out that the presence of Norwegian solar energy firm Umoe Solar, which purchased the provincial assets of UPM-Kymmene in January, along with the continued development of manufacturers like DEW Engineering, Sunny Corner Enterprises, Dolphin Steel, and Atcon Development.” What is the common thread through all these companies? None are based on the local natural resources.
That is the future, boys & girls. Figuring out how we get a value proposition that is beyond just what’s in or on top of the ground or in the water off our shores. We have a number of good examples and need to figure out how to multiply that many times over.