Good things, often, come in small packages. Fredericton, with a population of nearly 60,000, is a micro-city that significantly punches above its weight class, attracting multinational companies from across the globe to build out its business ecosystem.
While Frederciton’s remoteness can often be a challenge, its location brings access to major urban centres like Halifax, New York and Boston. The city, which is well-known for its capacity in research and innovation, is an epicentre in New Brunswick that has some of the top research talent available anywhere in the country.
This spotlight shines a light on Fredericton’s strengths, and weaknesses, in attracting the next major investors to this friendly city.
- Fredericton’s R&D ecosystem contributes 75% of the research that comes out of New Brunswick.
- Fredericton has a strong talent pool of executives and skilled labour that can compete with competitive cities in Canada and the U.S.
- The cost of doing business in Fredericton is significantly less than most major Canadian cities.
- Businesses in Fredericton can benefit from easy access to municipal and federal governments which provide tailored funding and supports to new investors.