Mr. Speaker, the Auditor General’s report on ATCON contained some remarkable evidence about the failure of government financial assistance to business to create jobs. The Office of the Comptroller evaluated $300M provided to 130 companies. Of the 13 companies that received more than $5M, 10,358 net jobs were targeted to be created, but only 2 were actually created. Of the 117 companies receiving less than $5 million, 2,275 jobs were created, though this represented just 24% of their target. This model of job creation is truly a failure and must be abandoned. Thank you, Mr. Speaker.
Member’s Statement – Atcon – Job Creaton?
David Coon, MLA, Fredericton-South,
Leader of the Green Party
Tuesday, April 1, 2015