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{"id":6075,"date":"2016-03-29T19:00:20","date_gmt":"2016-03-29T22:00:20","guid":{"rendered":"http:\/\/news.saintjohnonline.com\/?p=6075"},"modified":"2016-03-29T14:58:36","modified_gmt":"2016-03-29T17:58:36","slug":"premier-announces-nearly-1-billion-for-education-and-new-economy-fund","status":"publish","type":"post","link":"http:\/\/news.saintjohnonline.com\/blog\/2016\/03\/29\/premier-announces-nearly-1-billion-for-education-and-new-economy-fund\/","title":{"rendered":"Premier Announces Nearly $1 Billion for Education and New Economy Fund"},"content":{"rendered":"

\"economyfundannouncement\"<\/a>The Education and New Economy Fund will make strategic investments in projects to provide the best education system and workforce skills development while helping industries innovate and businesses increase productivity, Premier Brian Gallant announced today, Tuesday March 29th.<\/p>\n

Gallant will be the minister responsible for the fund, which is anticipated to invest nearly $1 billion during the next three years in priorities such as jobs, education, training, innovation and research and development.<\/p>\n

\u201cEducation is the best investment we can make to ensure that we have economic growth in the long term, and it also happens to be the best social equalizer,\u201d said Gallant. \u201cThis is why we will be investing more in education than ever before in the history of the province. We will also be investing $250 million of new money during the next three years to provide a strong education system and a highly-skilled workforce while helping industries innovate and businesses increase productivity.\u201d<\/p>\n

He noted that one of the concerns raised during the Strategic Program Review by stakeholders and people across the province was the need for better co-ordination across government. The fund will therefore support and co-ordinate new and existing programs in areas of jobs and education. The provincial government will invest at least $261 million in 2016-17 to support students, entrepreneurs, businesses, scientists, and New Brunswickers as they look to build an innovative economy.<\/p>\n

\u201cBy strategically co-ordinating new and existing investments in education, training and innovation we can eliminate silos within government to provide the greatest positive impact for our province\u2019s people and economy,\u201d said Gallant.<\/p>\n

He indicated which types of investments will be made by the fund:<\/p>\n