For the decade Frank McKenna was premier of New Brunswick, he put a relentless focus on economic development - and a big part of that was convincing national and international firms to set up export-focused operations in the province.
There was Industrial Estates Ltd in Nova Scotia put in place by Stanfield in 1957. By 1968, 60 firms had benefited from the program, producing 10,000 new jobs and $40 million in provincial revenue. It’s an approach that targeted manufacturing jobs and is much like the economic development approach that spread in American States some years later. Largely forgotten in Canada
I agree David. I think there was significant capacity that was built by what was put in place by Frank McKenna’s work and the team behind him who put in place. Did it all pay off? No. But there was a lot that did work.
There was Industrial Estates Ltd in Nova Scotia put in place by Stanfield in 1957. By 1968, 60 firms had benefited from the program, producing 10,000 new jobs and $40 million in provincial revenue. It’s an approach that targeted manufacturing jobs and is much like the economic development approach that spread in American States some years later. Largely forgotten in Canada
It would be interesting to see a net value analysis - tax payer's money "spent" vs gains.
I agree David. I think there was significant capacity that was built by what was put in place by Frank McKenna’s work and the team behind him who put in place. Did it all pay off? No. But there was a lot that did work.