When a community can afford to announce well in advance that it’s about to make a major jobs announcement, then something must be going splendidly well in the local economy.
So it was last week when news of BMM Testlabs’ employment initiative for the Moncton area somehow just slipped out. The official unveiling won’t occur until this Thursday at the Capitol Theatre. Still social media continues to buzz with anticipation.
Moncton Councillor Dawn Arnold officially made the initiative the worst kept secret in the city when she posted to Facebook last week, “There will be the largest job creation announcement that has ever been made in the Greater Moncton are. The event will be streamed ‘live’ to generate international media coverage and visibility, as this announcement will have very positive ripple effects around the world. Most of these new jobs are high-end positions that will be filled by people coming from outside the region.”
Her post garnered 31 mostly positive comments by last Friday, including this one: “Anything that brings high salaried people here will create more jobs in every other sector. Can’t wait to hear what it is.”
And this one: “High end jobs in Moncton means more spending here in the city, from clothing to gym memberships to restaurant customers, furniture to cars and houses and so on. Even if the ‘spenders’ are coming from away, it can generate spin-offs for the people who do live here.”
Naturally, some will complain about the “come-from-away” aspect of this development, but that would miss the point. Whatever jobs are created here will, de facto, employ local people – newcomers, for sure – but now local, all the same. The economic impact would be just as significant as if existing residents were landing the positions.
And, while I don’t want to spoil the surprise, my sources tell me the impact will be significant, indeed.
As Brunswick News reported last week, the Las Vegas-headquartered BMM – a private gaming certification lab – is making the third announcement of this type this week in as many years. “In August 2013, the company expanded from three to 27 employees in the province, then in February 2014 it announced it would create up to 173 full-time positions over four years at its office in Dieppe.”
Certainly, Ben Champoux, CEO of 3+, the economic development agency for the tri-city area, couldn’t be happier. “The last 25 years we’ve continued to brand greater Moncton as the hub of the Maritimes,” he told this newspaper. “The next 25 years we want to brand Greater Moncton the hub between North America and the European Union.”
These are bold words, indeed. But do they conjure a picture that is actually beyond the realm of possibility?
Consider how far this community has come over the decades – from down on its heels to the top of the municipal, economic food chain in New Brunswick. It is, and has been for a while, the fastest-growing urban area in the province. It has become a virtual centre of excellence for IT and software development. Its bilingual and highly skilled and educated workforce have been a certain draw for businesses from around the continent.
The reason is, quite frankly, that community and business leaders here understand what it takes to create the momentum to change the status quo from stagnation to growth.
To be sure, Metro Moncton is not the only city in the Maritimes that knows how to do this. But, it’s probably the only one that does this before breakfast, during lunch and after supper.
The results speak splendidly for themselves.