$54M to support N.B. companies
The provincial government is committing more than $54 million to help New Brunswick companies upgrade operations and maintain jobs.
The support is being delivered through Opportunities NB.
Luke Randall, the minister responsible for the agency, said the goal is to help businesses manage a changing economic landscape.
“When we invest in large companies, we are supporting companies that anchor our economy and create benefits felt across supply chains and in communities throughout the province,” Randall said in a government release.
The funding is aimed at companies with long‑term growth plans in New Brunswick and is meant to provide stability as they navigate current economic conditions.
Where the funding is going
Irving Paper in Saint John will receive up to $15 million per year for three years to help the mill stay competitive and protect more than 183 jobs, according to the provincial government.
Agropur Cooperative in Miramichi is set to receive up to $2.4 million to modernize its dairy facility and expand milk‑processing capacity.
Alliance Seafood in Grand‑Bouctouche will receive up to $115,000 in payroll rebates to support as many as 28 new jobs.
Kelly Cove Salmon, a division of Cooke Aquaculture in the Saint John region, will receive up to $3.8 million in conditionally repayable assistance to modernize salmon‑farming operations.
Marwood’s Edmundston facility will receive up to $250,000 to expand operations and improve productivity.
Organigram in Moncton will receive up to $2 million over two years to increase crop yields by 10 per cent and improve efficiency.
Stantec, which operates in Fredericton and Saint John, will receive up to $800,000 in payroll rebates to create as many as 124 new jobs.
Jennifer Murray, Atlantic regional director of Unifor, said the union supports the province’s decision to provide stability for workers and producers.
“We applaud the government’s decision to stand up for New Brunswickers by keeping producers producing and workers working, while also supporting the long-term transformation of the forestry sector,” Murray said.
Opportunities NB updated its financial assistance policies in April 2025 to respond to shifting economic conditions, trade challenges and tariffs.
The agency is the province’s lead business development organization, supporting local companies and attracting new investment.
Businesses with questions about available supports can contact Opportunities NB’s Business Navigators by email or phoning 1-833-799-7966.
