Funding Cuts Could Hurt Business

A place to live and work on the edge--that's how Enterprise Saint John wants people to see the Port City. But with core funding being cut by ACOA, General manager Steve Carson says they're looking at new ways to continue their mandate of retaining and attracting business investments to Saint John.

He says they'll make up the lost funding with a combination of other resources.

Carson says they're losing $240,000 as of May of next year, which is 15% of their total budget.

Meantime, it's expected the new Wal Mart in Lancaster Mall will be opening up its doors by late fall or early in 2013.