Enterprise Greater Moncton

Enterprise Greater Moncton
Name	Enterprise Greater Moncton
Formation	2014
Type	Economic development agency
Headquarters	Moncton, New Brunswick
Region served	Greater Moncton

Enterprise Greater Moncton

Enterprise Greater Moncton is a regional economic development agency serving the Moncton, Dieppe, and Riverview urban area in New Brunswick. It functions as a public-private partnership focused on investment attraction, business retention, and workforce development within the Greater Moncton Regional Authority context. The agency operates amid provincial and federal programs such as Opportunités économiques and interacts with municipal entities including the City of Moncton and City of Dieppe.

History

The organization's origins trace to consolidation efforts influenced by models like Halifax Partnership and Calgary Economic Development, with roots in earlier bodies such as the Moncton Economic Development Office and the Dieppe Business Development Commission. Its 2014 formation responded to regional strategies similar to those in Saint John, Fredericton, Saint John Irving Oil-era initiatives and provincial shifts after administrations like David Alward and Brian Gallant. Major milestones include partnership agreements with agencies such as Opportunities New Brunswick and program coordination comparable to FedDev Atlantic and Canada Economic Development for Quebec Regions. Notable projects echo regional efforts like the expansion at Greater Moncton International Airport and collaborations that mirror NB Power-related industrial attraction campaigns. Throughout its development, Enterprise Greater Moncton has intersected with federal investments exemplified by initiatives under the Harper ministry and later funding frameworks during the Justin Trudeau era.

Mandate and Objectives

Enterprise Greater Moncton's mandate aligns with strategic priorities observed in entities like Invest Ottawa and Toronto Global, focusing on investment attraction, export development, and talent attraction. Objectives reference provincial economic frameworks similar to New Brunswick Economic Growth Plan and federal objectives reflected by Innovation, Science and Economic Development Canada policies. Specific targets include increasing foreign direct investment comparable to campaigns run by Invest in Canada and improving labour market outcomes linked to programs from Employment and Social Development Canada.

Services and Programs

The agency delivers services analogous to those of Ontario Centres of Excellence and Business Development Bank of Canada outreach, including site selection assistance, incentive navigation, and export counselling paralleling Export Development Canada supports. Programs encompass workforce initiatives like cooperative placements similar to Mitacs and skills training partnerships that resemble work by New Brunswick Community College and the Université de Moncton. Sector-specific initiatives have targeted industries prominent in regional plans such as information technology firms akin to Shopify, aerospace suppliers like Magellan Aerospace, and call centre operations reminiscent of Teleperformance. It also administers investor access events akin to Atlantic Provinces Economic Council forums and trade missions similar to those organized by Trade Commissioner Service.

Governance and Funding

Governance is structured with a board drawn from private-sector leaders and municipal representatives, reflecting governance models used by Business Improvement Area boards and public-private entities such as Toronto Finance International. Funding streams include municipal contributions from City of Moncton and Town of Riverview, provincial transfers from Opportunities New Brunswick, and federal grants similar to agreements with FedDev Ontario-style programs. The board composition and executive appointments are comparable to practices at Halifax Regional Municipality economic arms and require accountability under frameworks related to Financial Administration Act-style oversight at the provincial level.

Economic Impact and Key Initiatives

Enterprise Greater Moncton has promoted projects with impacts akin to recent expansions by Johnson & Johnson suppliers or logistics investments comparable to Canadian National Railway freight developments. Key initiatives have included talent attraction campaigns resembling Immigration, Refugees and Citizenship Canada provincial nominee coordination and export growth strategies similar to Global Affairs Canada trade programs. It has supported cluster development in sectors like information technology analogous to Atlantic Provinces Tech Hub models, advanced manufacturing comparable to Stellantis supplier networks, and bilingual services that leverage regional strengths tied to institutions such as the Université de Moncton and Collège communautaire du Nouveau-Brunswick.

Partnerships and Stakeholder Engagement

The agency collaborates with stakeholders including municipal governments like City of Dieppe, provincial ministries similar to New Brunswick Department of Post-Secondary Education, academic partners such as Université de Moncton and Mount Allison University, and federal bodies like Innovation, Science and Economic Development Canada. It also engages with chambers of commerce such as the Chamber of Commerce (Moncton) and private investors exemplified by regional business groups similar to Greater Moncton Chamber of Commerce and national partners like Toronto Stock Exchange-listed companies when coordinating investment missions comparable to those run by Invest in Canada.

Criticism and Controversies

Critiques mirror those leveled at comparable agencies such as Halifax Partnership and Toronto Global, including questions about performance measurement similar to debates over Economic Development Agency of Canada accountability, transparency of incentive packages akin to controversies in Windsor-Essex investment deals, and the efficacy of public-private funding models like those observed in Economic Development Montreal. Specific controversies have involved scrutiny by local media comparable to coverage by the Telegraph-Journal and discussions within municipal councils reminiscent of debates in City of Saint John and Fredericton City Council meetings.

Category:Organizations based in Moncton