The Conference Board Of Canada predicts for every thousand dollars spent on procurement relating to the Irving Shipbuilding contract in Nova Scotia, about $11 will go into the New Brunswick economy.
Fred Bergman of the Atlantic Provinces Economic Council tells CHSJ News over the twenty-five years of the contract this Province could see $275 million in economic activity.
He says they may see even more than that if suppliers take advantage of a long term contract like this and develop relationships with Irving shipbuilding.
Bergman says outside Nova Scotia, New Brunswick has the most suppliers for the combat vessel program with 8 contracts at 1 million dollars or more and 27 contracts at $100,000 or above.