Enterprise Saint John Says City's Economy Is Not Stagnating

Enterprise Saint John has repaired its relationship with some members of Common Council who were clearly disgruntled. That, from Tony Goguen who chairs Enterprise Saint John. It got rocky there for a while with some doubt about whether there would be continued funding from the city.

Goguen tells CHSJ News they accomplished what they set out to do by helping 28 new business start ups get going and attract three new investment companies from other regions set up shop in the city.

He says 2011 turned out better than you would have thought at this time last year and points out the city's population actually increased by 600 people.

Goguen rejects the suggestion the city is stagnating with an unemployment rate lower than the national average and expects the local economy next year to be similar to how it performed in 2011. He warns government spending on infrastructure projects will be tailing off.