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Friday, November 25, 2011

Report Says CBS Move Will Have Huge Economic Impact

Enterprise Saint John commissioning a report on the economic impact of Canadian Blood Services moving to Dartmouth on the city and province.


Jupia Consultants of Moncton finds the business case for moving does not seem strong and questions why New Brunswick taxpayers should foot a large portion of the cost when it's the Nova Scotia facility that needed to be replaced.

The report also says decisions like this should include an assessment of the local economic impacts.


In terms of numbers, Jupia Consultants claims the move will result in 1 million dollars in direct employment income lost and 31 jobs.


It says the lost GDP impact will be over 1.2 million dollars and lost taxation to government exceeds $400,000.