New Brunswick Strategic Initiative Stream: Boosting Economic Growth in the Province

New Brunswick Strategic Initiative Stream Overview

If you are an entrepreneur or a business owner looking to invest in New Brunswick, you may be interested in the New Brunswick Strategic Initiative Stream (NBSI). The NBSI is a program designed to attract experienced business people and entrepreneurs who are willing to invest in the province and create jobs for Canadians.

The NBSI is part of the New Brunswick Provincial Nominee Program (NBPNP), which is administered by the Government of New Brunswick in partnership with the Government of Canada. The program is designed to help the province attract and retain skilled workers, entrepreneurs, and investors who can contribute to the growth and development of the province’s economy.

To be eligible for the NBSI, you must meet several requirements, including having a minimum net worth of $600,000 CAD, having at least three years of experience as a business owner or senior manager, and being willing to invest a minimum of $250,000 CAD in a New Brunswick business.

If you are approved for the NBSI, you will receive a nomination certificate from the Province of New Brunswick, which you can use to apply for permanent residency in Canada. The NBSI is an excellent opportunity for entrepreneurs and business owners who are looking to expand their operations in Canada and take advantage of the province’s strategic location, skilled workforce, and business-friendly environment.

The NBSI is just one of the many initiatives that the Province of New Brunswick has implemented to attract investment and create jobs. The province has a strong economic development strategy that focuses on key sectors such as information technology, advanced manufacturing, and energy. The government has also established the Invest NB agency to help businesses access funding and support services.

Overall, the NBSI is an excellent opportunity for entrepreneurs and business owners who are looking to invest in Canada and create jobs for Canadians. If you meet the eligibility requirements, you should consider applying for the program and taking advantage of the many benefits that the Province of New Brunswick has to offer.

Eligibility and Selection Factors

When applying for the New Brunswick Strategic Initiative Stream, you must meet certain eligibility and selection factors. These factors are designed to ensure that you have the skills and experience necessary to contribute to the New Brunswick economy and integrate successfully into Canadian society.

Age and Education Requirements

To be eligible for the New Brunswick Strategic Initiative Stream, you must be between the ages of 22 and 55 and have a minimum education level of a Canadian high school diploma or equivalent. If you have post-secondary education, you may be eligible for additional points.

Work and Experience Criteria

To be eligible, you must have at least three years of full-time work experience in your current occupation or a related field. Your work experience must be in a skilled occupation that is classified as NOC skill type A, B, or 0.

Language Proficiency

You must demonstrate proficiency in either English or French by achieving a minimum score of NCLC 5 in all four language abilities: speaking, listening, reading, and writing.

Settlement and Residency Intentions

You must have a genuine intention to reside permanently in New Brunswick and have a settlement plan that outlines your intention to reside in the province. You must also have sufficient funds to support yourself and any dependents who will be accompanying you to Canada.

Financial Capacity

You must have a personal net worth of at least CAD $600,000 and be willing to invest at least CAD $250,000 in a New Brunswick business. You must also be willing to provide proof of your net worth and the source of your funds.

Adaptability

You must demonstrate that you have the skills and experience necessary to adapt to life in Canada and integrate successfully into Canadian society.

Exploratory Visit

You must have completed an exploratory visit to New Brunswick within the last 12 months and provide proof of your visit.

Job Offer

You must have a full-time job offer from a New Brunswick employer in a skilled occupation that is classified as NOC skill type A, B, or 0.

Application Process

To apply for the New Brunswick Strategic Initiative Stream, you must first create an Express Entry profile and submit an Expression of Interest (EOI) to the New Brunswick Provincial Nominee Program (NBPNP). If your EOI is selected, you will receive an Invitation to Apply (ITA) for a provincial nomination.

Processing Time

The processing time for the New Brunswick Strategic Initiative Stream varies depending on the volume of applications received and the complexity of each application. Generally, the processing time is between three and six months.

Immigration Programs in New Brunswick

In addition to the New Brunswick Strategic Initiative Stream, there are several other immigration programs available in New Brunswick, including the Atlantic Immigration Program, the New Brunswick Skilled Worker Stream, and the New Brunswick Entrepreneurial Stream.

Role of Federal and Provincial Governments

The New Brunswick Provincial Nominee Program is a partnership between the Government of Canada and the Government of New Brunswick. The federal government is responsible for issuing permanent residency visas, while the provincial government is responsible for selecting and nominating candidates for immigration.

New Brunswick Labour Market

The New Brunswick labour market is diverse and offers opportunities in a variety of industries, including healthcare, education, technology, and manufacturing. The province has a low unemployment rate and a high demand for skilled workers.

International Graduates and French-Speaking Workers

International graduates of Canadian post-secondary institutions and French-speaking workers may be eligible for additional points under the New Brunswick Strategic Initiative Stream.

Additional Information

For more information about the New Brunswick Strategic Initiative Stream and other immigration programs in New Brunswick, visit the Immigration, Refugees and Citizenship Canada (IRCC) website or contact the NBPNP directly.

Frequently Asked Questions

What are the eligibility requirements for the New Brunswick Strategic Initiative Stream?

To be eligible for the New Brunswick Strategic Initiative Stream, you must be a skilled worker with experience in one of the priority sectors identified by the province. These sectors include Information Technology, Cybersecurity, Health, Advanced Manufacturing, and Tourism. You must also have a valid job offer from a New Brunswick employer and meet the minimum language proficiency requirements.

What is the processing time for the New Brunswick Strategic Initiative Stream?

The processing time for the New Brunswick Strategic Initiative Stream varies depending on the complexity of the application and the volume of applications received. However, the New Brunswick government aims to process applications within six months of receiving a complete application package.

How does the New Brunswick Strategic Initiative Stream differ from other immigration streams?

The New Brunswick Strategic Initiative Stream is specifically designed to attract skilled workers to the province who have experience in one of the priority sectors identified by the province. The stream offers a faster processing time and a more streamlined application process compared to other immigration streams.

What are the benefits of applying for the New Brunswick Strategic Initiative Stream?

The benefits of applying for the New Brunswick Strategic Initiative Stream include faster processing times, a more streamlined application process, and the opportunity to work and live in a province that is known for its high quality of life, affordable cost of living, and strong economy.

What are the job opportunities available in New Brunswick for immigrants?

New Brunswick is home to a range of industries, including Information Technology, Cybersecurity, Health, Advanced Manufacturing, and Tourism. There are a variety of job opportunities available for immigrants in these sectors, as well as in other industries such as Education, Finance, and Agriculture.

How does the New Brunswick Immigration Pilot Program work?

The New Brunswick Immigration Pilot Program is designed to help employers in the province fill labour shortages by hiring foreign workers. Under the program, eligible employers can offer permanent job offers to skilled foreign workers who meet the eligibility requirements. The program offers a faster processing time and a more streamlined application process compared to other immigration programs.

Scroll to Top