Moncton
Quick Facts
Province: New
Brunswick
Population: 126,424
With its unique cultural blend of French Acadian and Maritime hospitality, Moncton has succeeded recently in diversifying its economic base and strengthening its local economy. As a result, young, skilled and upwardly mobile workers are moving to Moncton to enjoy the higher incomes and increased employment opportunities it offers. With a top-notch business climate, numerous job opportunities, an excellent quality of life and low cost of living, business in Moncton has never been better.
Key Advantages
- Among the top ten best cities to do business in Canada
- Among the top five most affordable business locations for precision component, telecom equipment, specialty chemical and medical device manufacturing, advanced software, electronics assembly, pharmaceutical production as well as R&D average
- Named one of the world’s Top Seven Intelligent Communities in 2009, for its regional economic development plans that have caused incredible growth in the past decade and continued expansion in the manufacturing and technology based sectors
- Community hospitals have become catalysts for an emerging life sciences sector that focuses on medical informatics, bio-markers and bio-statistics
- Significant gaming cluster has appeared started by local entrepreneurs who designed a state of the art video lottery machine system
- Home to business-software giant Oracle Corporation as well as a significant number of home-grown companies and development centers for multinationals in Moncton
- Back office cluster is one of the most successful in Canada and features companies such as UPS, FedEx, Purolator Courier, Royal Bank of Canada, Camco and ExxonMobil
- Advantageous R&D tax credits and incentives
- Major distribution and telecommunication centre
Sector Strengths
- Advanced Manufacturing
- Contact Centres
- Distribution
