• Pre-Budget Submission to the Government of New Brunswick

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    Friday, March 1, 2024
    The Honourable Ernie Steeves
    Minister of Finance
    Department of Finance, Government of New Brunswick
     
    {Via email}
     
    February 29, 202
     
    Re: Atlantic Chamber of Commerce - Pre-Budget Submission to the Government of New Brunswick
     
    Dear Minister Steeves,

    The Atlantic Chamber of Commerce (ACC), representing 38 chambers of commerce and boards of trade in New Brunswick submits the following items for your consideration in advance of the 2024 Budget:
    1. Housing and Labour
    The low supply of affordable and available housing is a concern for those in New Brunswick. The lack of housing creates significant challenges in economic competitiveness and the labour market as businesses struggle to attract and retain workers when they cannot find housing near places of employment. This leads to a shrinking talent pool, hindering business growth and innovation. The ACC recommends to proactively implement initiatives to boost opportunities and reduce the barriers and regulatory burden facing housing development. Addressing these gaps will create a more competitive and vibrant economy for New Brunswick.
     
    1. Reducing Regulatory Burden
    The Government of New Brunswick has made efforts to reduce regulatory burden but could further increase those efforts to remain competitive and lower operating costs for businesses. This could involve prioritizing streamlining permitting processes, implementing maximum response times, introducing business impact assessments, and harmonizing regulations with other provinces, particularly in key economic sectors. With other jurisdictions prioritizing regulatory burden reduction for businesses, healthcare, and housing, it is critically important that New Brunswick commit to targeted burden reductions to safeguard its competitive edge. 
    1. Fiscal Responsibility and Critical Investments 
    The Government of New Brunswick deserves high praise for consistent and responsible financial stewardship. Government should take this opportunity to invest in critical components of the economy that are in a fragile state, such as housing and healthcare. Continuing to responsibly manage expenditures while investing in healthcare and housing will yield greater economic benefits and likely attract new businesses and workers to a prosperous New Brunswick.
      
    Sincerely,
     
    _________________
    Rhonda Tulk-Lane
    CEO, Atlantic Chamber of Commerce
     

  • Business Truth & Reconciliation Business Truth & Reconciliation

    The Atlantic Chamber of Commerce is taking proactive steps to promote reconciliation and respect for Indigenous rights within the corporate sector. In response to the Truth and Reconciliation Commission's Call to Action 92, the Chamber urges its members to embrace the United Nations Declaration on the Rights of Indigenous Peoples as a guiding framework. This entails a commitment to meaningful consultation, fostering respectful relationships, and obtaining the free, prior, and informed consent of Indigenous peoples before embarking on economic projects. Moreover, the Chamber advocates for equitable access to employment, training, and educational opportunities for Indigenous communities, ensuring they reap sustainable benefits from economic development initiatives.

     

    Recognizing the importance of education, the Chamber encourages businesses to provide comprehensive training for management and staff on the history of Indigenous peoples, including the legacy of residential schools, Indigenous rights, and Aboriginal-Crown relations. Emphasizing intercultural competency, conflict resolution, and anti-racism, these efforts aim to foster a more inclusive and harmonious corporate environment rooted in mutual understanding and respect.

    Learn more click here