Our Economy
The Irish Loop has a diverse and growing economy with plenty of opportunities to find work or create a new business.
Traditionally the Irish Loop has been very strong in natural resource based industries, especially the fishery, and this continues to be a key economic driver in the region. Meanwhile, emerging sectors such as tourism, manufacturing, and marine services are showing great potential for continued growth. Small and medium sized businesses in these fields are particularly well positioned to succeed.
As well, all communities in the region, but especially those close to St. John's, have benefited from the economic growth fueled by offshore oil and gas development, including a new offshore support and transshipment base in Bay Bulls.
For further information about the local economy and economic development in the region, please contact our local Community Business Development Corporation (CBDC) - Ferryland Branch
Traditionally the Irish Loop has been very strong in natural resource based industries, especially the fishery, and this continues to be a key economic driver in the region. Meanwhile, emerging sectors such as tourism, manufacturing, and marine services are showing great potential for continued growth. Small and medium sized businesses in these fields are particularly well positioned to succeed.
As well, all communities in the region, but especially those close to St. John's, have benefited from the economic growth fueled by offshore oil and gas development, including a new offshore support and transshipment base in Bay Bulls.
For further information about the local economy and economic development in the region, please contact our local Community Business Development Corporation (CBDC) - Ferryland Branch