BioFlash: Connecting You With New Brunswick's Bioscience Sector
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May 4th, 2016
By BioNB
Stop Searching for a "Boom" Industry and Look to the Home Field Advantage
Commentary posted via Huddle and BioNB
The story of New Brunswick is the same as many rural areas in the world – with taxpayer funds that are stretched thinly to support isolated communities and seasonal or commodity industries facing challenging economic pressures.

Everyone talks about the next “boom,” as if a single industry is going to fly in and save the day. Look to other Canadian regions and you’ll discover that a single industry saviour isn’t the solution. What happens when you put all your eggs in one basket, as in Alberta, where the entire economy plummets from a drop in the price of one commodity. What happens when that player gets up and leaves? Look to Southern Ontario, teetering on hard times as GM and Ford move manufacturing to the US and Mexico.

New Brunswick’s rise won’t be based on a “boom” industry and nor should it be. Prosperity will come from the successful marriage of old industry and new; an inter-connected economy that asks for the best from our researchers, visionaries, engineers, communicators; and from our farmers, fishers, and foresters.

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