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Newfoundland and Labrador’s 2013 budget delivers for manufacturers and exporters

Published by Stephanie Brooks on March 26, 2013

The 2013 Newfoundland and Labrador budget tabled today by the provincial government will boost important investments to spur economic growth and employment, according to Canadian Manufacturers & Exporters (CME) – the country’s largest trade and industry association. 

The budget – “A Sound Plan, A Secure Future” – reflects advocacy efforts made by CME Newfoundland to address the skilled labour shortage, invest in infrastructure and generate increased economic activity for the region.

Its measures include more than $200 million in strategic investments, more than $866 million in infrastructure investments to generate 5,330 person years of employment, to maintain investment in the Muskrat Falls project and $42 million to help meet the demand for skilled labour. 

“This budget makes critical commitments to the future prosperity of Newfoundland and Labrador and its people,” says CME VP of Policy, Mathew Wilson. “Supporting skills training and investing in infrastructure are imperative measures to propel the province forward.”

Other investments include $466 million to support the delivery of post-secondary education, and $47 million to support a renewed suite of business and regional development programs.

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