Tuesday, January 31, 2012

Innovation = Rocket Fuel for New Brunswick's Troubled Economy

New Brunswick's top dog expects innovation to play a key role in getting the province's economy back on track.

ALWARD
When he presented his State of the Province address on Thursday, January 26th at the Fredericton Convention Centre, Premier David Alward said that innovation will serve as a "rocket fuel" for the province's uncertain economy.

Alward said his administration can assist by fostering the right business climate, educating New Brunswick's youth and training workers.

But he admitted to a Fredericton audience that development will not come at the expense of the environment.

The province of New Brunswick is running a spending deficit for the fourth year in a row, and its net debt is expected to reach $10 billion.

Alward expects that a new panel on accountability and responsible government will be announced sometime next week. 

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