sj community overview ~ march 2011

Inspiring people, ideas & investment Grand Bay-Westfield • Quispamsis • Rothesay • St. Martins • Saint John

Saint John Community Overview

March, 2011

Inspiring people, ideas & investment

Inspiring people, ideas & investment Grand Bay-Westfield • Quispamsis • Rothesay • St. Martins • Saint John 2

Who we are

Enterprise Saint John is the Community Economic Development Agency (CEDA) representing the Saint John Community

Mission To create the environment for prosperity in the Saint John

Community by inspiring and supporting, people, ideas and investment.

Vision Through the leadership of Enterprise Saint John and its partners, the Saint John

Community will be a magnet for innovation, creativity and business investment where you can live life on your terms.


Our services

“Top 10 Canadian Economic Development Group: 2006-2007” (Site Selection Magazine)

• Business and investment attraction

• Immigrant investor attraction

• Business support, retention and expansion

• Entrepreneur development

• Youth entrepreneurship

• Small business financing

• Business training and counseling • Labour force development & workforce expansion


Communities represented by Enterprise Saint John


Our community brand ~ a foundation for growth • As a city rich in history, Saint John has a sense of self that comes from being

one of the oldest cities in the new world. • Natural merchants, Saint Johners have always thrived in the spirit of

entrepreneurship, creativity and innovation.

• As an international seaport, Saint John has welcomed people from around the

world and was built by immigrants, resulting in a cooperative, caring social

network which provides the foundation for realizing a better way of life.


Saint John, New Brunswick drivers for “True Growth”... • Growing regional catchment area: Grand Bay-Westfield, Quispamsis, Rothesay, St. Martins and

Saint John: CMA 122,389 pop. (225,000+ pop. within 60 minutes).

• Diverse and growing community built on immigration, entrepreneurship, innovation and global trade.

• A rapidly diversifying economy built on five key growth sectors: energy, advanced

manufacturing, information communications technology (ICT), tourism and health & life sciences.

• One of Canada’s most international University campuses - UNB Saint John: 2,500 full and part

time students from over 50 different countries.

• New Brunswick’s largest Community College campus – NBCC Saint John: 2,750 full and part

time students. • A community influenced by the Bay of Fundy and the spectacular St. John River. The Saint John region is

currently executing a $300 million waterway and waterfront development initiative.

• Growing regional service and retail centre for Southwestern NB.

• Gateway to Maine and the North Eastern United States markets.


Population Saint John CMA 122,389

Saint John (City) 68,043

Quispamsis 15,239

Rothesay 11,987

Grand Bay-Westfield 4,981

St. Martins 1,584

Statistics Canada 2006 Census Data


105.9

68.3

63.8

4.5

6.6%

64.5%

Saint John labour force snapshot

Source: Statistics Canada February 2011

Population 15+ (000’s) ……..……..…...

Labour Force (000’s) ……………….……

Employment (000’s) ……………………..

Unemployment (000’s) …………………..

Unemployment Rate……………………..

Participation Rate……………………….


Saint John labour force indicators

unemployment rate & population

Saint John unemployment rate - 7.8%

New Brunswick Unemployment rate - 9.8% Canadian unemployment rate - 7.8%

Statistics Canada—February 2011

Labour Force Indicators 1996 - 2011

96.0

98.0

100.0

102.0

104.0

106.0

108.0

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Feb-

11

thou

sand

s

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

perc

enta

ge

Population (15+)

Unemployment rate

Saint John’s unemployment rate is below the provincial

and on par with the national average.

Our overall labour force has never been larger!


A strong and diverse economy

Labour Force Indicators 1996 - 2011

63.868.3

45.050.055.060.065.070.075.0

1996

1998

2000

2002

2004

2006

2008

2010

thou

sand

s

Labour force (000s)

Employment (000s)

Saint John has added 20,000+ workers to

its economy in the last 20 years.


Labour force by occupation

Source: Statistics Canada 2006 Census

Saint John has the most diversified labour force in the province of New

Brunswick.


Labour force by occupation

(Statistics Canada 2006 Data)

Air Canada AECON ATLANTIC Ambir Aquila Tours Atomic Energy of Canada Limited Bourque Industrial Canaport LNG Canada Post Canada Revenue Agency CenterBeam City of Saint John Costco Deloitte Ernst & Young FacilicorpNB Fort Reliance Fundy Engineering IBM Canada Indigo Books & Music

Irving Oil Ltd. JD Irving Ltd. Lorneville Mechanical Contractors Mariner Moosehead Breweries NBCC Saint John NB Dept. of Energy NY Thermal Inc. Resolve Corporation Saint John Regional Hospital School Districts 6 & 8 Sitel Stantec TD Insurance T.S. Simms & Co UNB Saint John WorksafeNB Wyndham Worldwide Xerox


Over a decade of transformational change

Top 10 City For Business In Canada (Canadian Business Magazine)

Twice Named “Canada’s Best City For Business”

(Globe & Mail Report On Business Magazine)

Fastest Growing Metropolitan Area in the East (Daily Commercial News & Construction Record)

“One of Canada’s Four Best Centres for High Tech & Innovation”

(Time Magazine)

Four Times Named “Canada’s Most Affordable City” (Runzheimer Canada and Canada Mortgage & Housing Corporation)

Three Times Named “Canada’s Most Beautiful City”

(Communities In Bloom National Competition)

“Happiest City in Canada” (Canadian Institute for Advanced Research)

Cultural Capital of Canada City for 2010

(Government of Canada)


Current & planned projects

City of Saint John ~ private sector, provincial & municipal capital projects


Current & planned projects

Regional: municipal, provincial & private sector

• One Mile House Highway Interchange ($65 million)

• Harbour Clean-up ($90 million)

• Saint John Police Headquarters ($23 -25 million)

• Saint John Law Courts ($47 – 50 million)

• Carleton Street Parking Garage ($17 million)

• Peel Plaza Park ($2 million)

• Rockwood Park Re-development ($10.2 million)

• UNB Saint John Campus ($50+ million)

• Medical Education Building, University Com-mons, New Brunswick Community College Al-lied Health Centre, Canada Games Stadium Re-furbishment

• New Brunswick Community College Centre of Excel-lence for Energy & Construction ($30+ million)

• Q-Plex ($21 million)

• Saint John Port Authority ($14 million)

• Fundy Trail – Phase II, Lower St. John River Trails Initia-

tive, Fundy Park ($50+ million)

• Abby St. Andrews Housing Project ($12 million)

• Irving Oil Refinery Maintenance & Upgrade ($72 million)

• Point Lepreau Refurbishment ($1.4+ billion)

• East Point Shopping ($100 - $150 million)

• Bell Aliant Fibre Optic Network ($60 million)

• Harbourfront Residences at Three Sisters ($25 million)

• Waterfront Development ($250 million)

• Shannex Retirement Living Development ($11 million)

• Saint John Regional Hospital Emergency Room

Expansion ($30+ million)

• NB Southern Railway Upgrade ($36 million)

• Fortis Properties Brunswick Square & Delta ($10+ million)


Community indicators • $5 Billion in energy projects have been completed or are currently underway and substantial incremental potential

energy projects are under consideration in the region. • In 2009 the Saint John Airport 222,310 passengers flew out of Saint John with 225,300 projected in 2010. • The Port of Saint John is New Brunswick’s largest and most diverse marine gateway. It is a bulk and break bulk port

with the capacity to handle containers and it is the forth largest Canadian Port of call for cruise ships.


Community indicators ~ commercial real estate

• Overall vacancy rate 12.1%

• Average Gross Rent:

• Class A $27.24/sq.ft. gross

• Class B $20.23/sq.ft. gross

• Class C $15.21/sq.ft. gross

(Source: Cushman Wakefield 2011 Market Outlook & Turner Drake Office Market Surveys—December 2009)


Community indicators ~ residential real estate

• The year-to-date average sale price for the Greater Saint John area is $175,291.

• Saint John City $159,985 • Grand Bay-Westfield $241,287 • Rothesay/Quispamsis $157,081

• The year-to-date average price of a single detached unit for Saint John CMA is 277,325.

• The apartment vacancy rate currently sits at 5.1% in Saint John • The average rent for a two bedroom apartment in 2010 is $645. (Source: CMHC Housing Now, Forth Quarter 2011,CMHC Rental Market Report, Fall 2010)


Community indicators ~ ICT & health sciences • Bell Aliant is investing $60 million in Saint John and Fredericton to be the

first in Canada to cover an entire city (70,000 homes) with fibre to the home (FTTH) technology

• Bell Aliant launch FibreOp for small and medium sized businesses in NB. – May 2010

• Computer Generated Solutions Ltd. expand with 75 new positions – May 2010

• Innovatia Inc. expands with 100 new positions – May 2010 • Q 1 Labs Canada Inc. to hire up to 70 new employees – May 2010 • Growing number of ICT start up companies working through Propel

Accelerator • The Saint John Regional Hospital is the largest hospital in New Brunswick

• Primary centre for acute care • Trauma centre for the province • Pediatric and adult oncology • Cardiac surgery & cardiology services • Emergency room expansion underway ($30+ million)

• Through a partnership with the Province of New Brunswick and UNB Saint John, Dalhousie University opened a 4 year undergraduate medical program in Saint John in September 2010.


Community indicators ~ tourism & retail

• 1.5 million people visit Saint John every year • The Port of Saint John is the 4th busiest port in Canada hosting cruise ships. • Saint John hosted 78 cruise ships during the 2010 season with over 200,000

passengers. • Four new hotels have opened within the past few years and there are additional new

hotels planned in the Saint John region. • Over a million sq. ft. of new retail built over the past 8 years including a new 700,000

sq. ft. signature development under construction by East Point Shopping • Atlantic Canada’s largest Costco store to open at East Point Shopping in May 2010 • $13 million interior renovation to McAllister Place Mall was recently completed • Plazacorp has developed approx. 100,000 sq. ft. of new retail space in West Saint

John including a new Sobey’s, Bulk Barn, Reitman's and more. • Lancaster Mall recently completed a $14 million renovation • New Canadian Tire Store/Marks Work Warehouse recently opened in West Saint John.


Community indicators ~ energy and advanced manufacturing

• Irving Oil Refinery; Canada’s largest and most advanced oil refinery

• Canaport LNG – Canada’s first liquefied natural gas receiving and regassification terminal

• Brunswick Pipeline – transporting LNG from Canaport LNG to Maine

• Point Lepreau – Atlantic Canada’s only nuclear power plant; currently undergoing over a $1.4 billion refurbish-ment

• Potash Corp Mine Expansion - $1.75 billion project – Sussex

• Natural Gas Exploration – Sussex

• JD Irving – Irving Pulp & Paper Limited, Irving Paper Limited, Irving Tissue Company, Irving Wallboard

• NBCC Centre of Excellence for Energy & Construction under construction

• One Mile House Highway Interchange Project to provide better access to industrial area in East Saint John under construction

• Potential for Northeast Energy Corridor and related investments


Our community’s most significant strategic competitive advantage?

• The evolving and unprecedented level of cooperation and collaboration between our municipalities, provin-cial and federal government, private sector, and the economic, social and enriching sectors in our community.

• The passion and commitment of the volunteers in the community • The “can-do”, positive attitude and willingness to work together to make Saint John a place where you can live LIFE ON YOUR TERMS.


Inspiring people, ideas & investment

Business Resource Centre 40 King Street

Saint John, NB E2L 1G3 Canada

T: 1-800-561-2877 or 506 658-2877

E: [email protected] www.enterprisesj.com

www.saintjohnlifeonyourterms.ca

sj community overview ~ march 2011

Documents

population saint john

saint john region

saint john community

john river

saint johners

business investment

growing community

bay of fundy