New Brunswick’s government will invest up to $54.3 million over three years to help local companies modernize operations, boost productivity and strengthen long-term competitiveness, with a significant portion aimed at safeguarding industrial employment in the province.
Delivered through Opportunities NB, the funding targets firms with long-term growth plans rooted in New Brunswick, as businesses continue to face cost pressures, trade challenges and market volatility.
Among the major industrial recipients, Irving Paper—the province’s only remaining paper mill—will receive up to $15 million annually over three years to support global competitiveness and sustain operations through heightened cost pressures and uncertain markets, protecting more than 183 jobs and about $20.6 million in annual payroll.
Provincial officials said the support reflects the strategic role of large industrial employers in anchoring the provincial economy and stabilizing supply chains and communities.
The broader funding package also supports companies across food processing, seafood, aquaculture, engineering and manufacturing, with projects ranging from plant modernization and capacity expansion to payroll rebates tied to job creation and productivity gains.
Opportunities NB said its financial assistance policies were updated in April 2025 to better align with changing economic conditions and respond more flexibly to business needs. Officials added that the investments are intended to preserve jobs while positioning New Brunswick industries for sustainable growth.
Source: Opportunities NB
