Setting Up Shop in New Brunswick: Why the Business
Climate Here is So Attractive
While New Brunswick is great for new
residents and vacationers alike, most people simply do not realize that this
maritime province is also an excellent place to set up shop; in other words,
for the entrepreneurs looking to establish a new business, New Brunswick is
worth checking out.
Stiff competition and a quality of
life that is above average have created a business climate perfect for
incubating success. Ambitious entrepreneurial spirits run wild in New
Brunswick, attracting some of the best talent in various realms of study such
as the arts, science, and of course, business.
Why is New
Brunswick a perfect business climate for new business owners? Well there are
actually a number of reasons that make up that answer. First and foremost, the
amount of natural resources available in this province is immense, ranging from
fisheries, oil, forestry, etc. Tax incentives-such as the small business
investor credit-are quite enticing to new business owners as it can mean a lot
of money come tax time; especially if business owners plan to file taxes
online. Of course, abnormally low
housing prices and an overall affordable cost of living only adds to the
attractiveness of the New Brunswick business climate.
When the need to add new employees to the business
payroll roster arises, one does not have to look very far considering the
workforce available in New Brunswick is top notch. More than 80% of high school
students' graduate, boosting Canada's graduation rate higher than that of most
other countries. In fact, more than half of the workforce employed in New
Brunswick has encountered some form of educational accreditation beyond high
school; be it college, trade school, or some other form of educational
training. If that were not enough, it is estimated that more than 30% of the
workforce is fluent in English, as well as French.
Because New Brunswick is indeed a maritime Province (and
the largest one at that), that means it is located near the ocean. That said,
the seaport there is closer to Europe than any other seaport along the United
States coastline. Moreover, because New Brunswick has the advantage of a
strategically-placed seaport, the trading with other airports and seaports-both
international and regional-is superior.
Business and New
Brunswick go hand-in-hand with one another, offering the perfect climate for
both the entrepreneur, as well as current and former business owners. With a
workforce composed mostly of well educate college graduates, optimal tax
incentives, and a seemingly bottomless arsenal of diverse natural resources, it
should not be too hard to figure out why business owners find New Brunswick
superior to that of anywhere else.