St. John’s a hotbed for ocean technology

St. John’s and Newfoundland and Labrador (NL) are home to a thriving, diverse ocean economy with expertise in defence and security, fisheries, marine transportation, ocean technology and offshore energy.



The city hosts some of the world’s most exclusive ocean tech facilities and technologies propelled by Memorial University and a National Research Council facility and other state-of-the-art resources that drive innovation, research, and development in ocean-related fields. 

Photo: Erik Mclean on Unsplash

Oceans Advance is Newfoundland and Labrador's Ocean technology innovation cluster and is driving growth in the sector as the portal into the ocean tech ecosystem of the province. Learn more about Oceans Advance at their upcoming Annual General Meeting featuring a keynote address by Andy Hoggarth, Senior Leader at Teledyne Geospatial, who will share insights on the latest innovations in ocean technology June 19, 2025. Visit oceansadvance.net for registration details.

St. John’s is a city that attracts and cultivates students and is one of the best places in the world to receive an advanced education in ocean-related programs. The Fisheries and Marine Institute (MI) of Memorial University was recently selected to host the Marine Advanced Technology Education (MATE) Remotely Operated Vehicle (ROV) competition world championship. In June 2026 students from all over the world will take the skills they are learning in the classroom to design and construct an ROV and complete a series of tasks in the world’s largest flume tank—housed at MI’s St. John’s campus. 

The City of St. John’s was delighted to light City Hall in blue on World Ocean Day, June 8th to celebrate the ocean, the many economic and environmental benefits it provides, and those who earn a livelihood in ocean-related industries and organizations.

The global ocean economy is anticipated to double in size by 2030. The Newfoundland and Labrador ocean technology sector will play a pivotal role in Canada's Ocean Supercluster’s Ambition 2035 initiative, which aims to grow Canada’s ocean economy by five times its size to $220 billion by 2035. This sector offers immense potential for investment and partnerships and positions the region to take advantage of the rapidly expanding global market.  

City Initiatives

City of St. John’s seeks public input to plan the future of downtown

The City of St. John’s is inviting the public and businesses to an Open House on June 17 from 6 to 8 p.m. at City Hall to provide feedback on several initiatives to plan the future for downtown. A key focus of the event will be to provide feedback on Downtown Forward, a new Neighbourhood Plan that outlines a vision for growth, investment, and renewal over the next 10 years. Feedback on the plan can also be provided at EngageStJohns.ca or by email at Engage@StJohns.ca until Friday, June 20.

Applications open for St. John’s Traffic Box Art Program

Artists in the capital city can now apply for the 2025 Traffic Box Art Program. The program engages visual artists to design and paint original artwork on traffic signal boxes. These boxes are metal cabinets located at intersections and roadsides that house traffic signal controls. Each selected artist will receive an honorarium of $500. The deadline to apply is on June 20

News Briefing

NL offshore natural gas assessment shows potential

Newfoundland and Labrador’s (NL) offshore holds trillions of cubic feet of natural gas, a largely untapped resource the provincial government says will play a key role in the clean energy transition. The Government of Newfoundland and Labrador Natural Gas Resource Assessment demonstrates the natural gas potential for the province in the Jeanne d’Arc Basin. The province focused on the Jeanne d'Arc Basin because it has existing infrastructure, shallow waters and a supply and service community available to service any developments The assessment is a strategic tool to help understand how NL’s offshore natural gas resource can drive economic growth and support the global transition to net zero emissions. Budget 2025 includes almost $1 million for the second phase of the natural gas resource assessment. Completing this next phase of the natural gas resource assessment will give potential developers essential data necessary to evaluate the economic viability of commercial development, along with insights into the upside value and tie-back opportunities. 

AI training for small businesses 

The Government of Newfoundland and Labrador is investing $2-million into Artificial Intelligence (AI) training programs for small businesses. The program, in partnership with Keyin College will begin in June with a cohort of 650 employees across 325 businesses focused on using AI for human resources, finance and customer service with an aim to improving productivity and competitiveness. It’s the second such program by Keyin College, which recently announced a partnership with Canadian Manufacturers & Exporters Newfoundland & Labrador to train 350 workers in AI use.  

2025 NLOWE Entrepreneur of the Year Awards

Know a remarkable woman entrepreneur who is driving impact, innovation, and growth in Newfoundland and Labrador? Summit a nomination and let their success shine. This year’s award categories shine a spotlight on women transforming business and community. Check out the Newfoundland and Labrador Organization of Women Entrepreneurs (NLOWE) website for eligibility and award descriptions www.nlowe.org. Nomination deadline: June 30, 2025.

Government of Canada Business Supports

Get up to $15k for your side hustle

Got a business idea but not ready to go full time? The Futurpreneur Side Hustle Program helps Canadians aged 18 to 39 grow part-time ventures into real businesses. Get up to $15,000 in financing, expert mentorship and personalized support to help you launch confidently—on your own schedule.

Upcoming Courses and Events

Book your spot!

Jun 10 econext Clean Fuels Adoption in NL's Marine Transportation Sector

Jun 11 Business and the ArtsNL Measuring What Matters: Introduction to Impact Measurement in the Arts

Jun 18 Board of Trade Bank of Canada Luncheon

Jun 18 Ocean StartUp Challenge Info Session The Ocean Startup Project is looking for diverse innovators and entrepreneurs from rural, Indigenous and urban communities who are passionate about building sustainable, ocean-focused solutions.

Jun 18 Women in Leadership Conference

Jun 19 IRCC Overview of immigration pathways for Atlantic Canada employers

Jun 19 Futurpreneur & Shorefast Foundation Beyond Buy Local: Businesses that Serve Place

Jun 19 NLOWE Summer Social

Jun 20-22 Canadian Anesthesiologists' Society conference

Jun 23-25 CoLab Design Engagement Summit

Jun 24 Gardiner Centre Employee Exits. Understand best practices when concluding employment relationships, how to learn from them and minimize impact to company culture

Jun 24 Atlantic Economic Council Building Atlantic Canada - Major Projects Webinar 2025

Jun 25 StartUp Canada Women in Agriculture

Questions about Starting a Business?

Our knowledgeable staff are here to help

Opening a new business is a busy and exciting time, and requires careful planning. Here at the City of St. John's Business Information Centre, we know our way around town and we'd be happy to connect you to the programs, resources and contacts you need to help make it happen. Get in touch. We're here to help.

Latest Economic Indicators

City building permits June 3, 2025


Commercial permits

Down -9% from $64,783,657 in 2024 to $58,666,212 in 2025


Industrial permits

Valued at $2,500,000 for 2024 and $895,950 for 2025


Government/institutional permits

Down from $39,145,500 in 2024 to $7,571,911 in 2025*


Residential permits

Down -17% to $39,898,915 for 2025 over $48,359,564 for 2024


Repair permits

Down -14% from $338,614 in 2024 to $289,959 in 2025


Total value of all permits for 2025

Down -31% to $107,433,947 for 2025 over $155,463,638 for 2024


*This data does not include the full range of permit activity undertaken by the provincial government and Memorial University.

Business approvals

Ajoke Naija Stores, 93-95, Merrymeeting Road

Birhane restaurant, 279 Portugal Cove Road

Barding House Cookery, 85 Springdale

SucSeed Foundation, 42 O’Leary Avenue

Grilleopatra, 36 Pearson Street

Denissoff Bakery, 27 Cookstown Road

Fogtown, Avalon Mall

Titanic & Iceberg Exhibit, 291 Water Street

Crazy Cat Lady Hotel and Spa, 262 Newfoundland Drive

Corner Boy Barbers, 673 Topsail Road

Dealz Hunt, 38 Ropewalk Lane

Stacked Pancake and Breakfast House, 50 White Rose Drive

Survitec, 27 Nils Way



Home-based businesses

Family home childcare, 165 Old Petty Harbour Road

Electrical contractor, 34 Oberon Street

Home office, 7 Cummings Street

Family home childcare, 22 Glenlonan Street

Bookkeeper, 34 Della Drive

Dog grooming, 51 Cookstown Road

Home office, 56 Quidi Vidi Village Road



Total business approvals for 2025 = 80 (regular = 60 and home-based = 20)

Labour force characteristics as of May 2025



Labour force – 135,500 (up 2.6%)


Unemployment rate – 6.7% (down -0.7ppts)


Employment – 126,400 (up 3.4%)


Participation rate – 65.9% (0.0ppts)


St. John's CMA, seasonally adjusted, three-month moving average. Percentage change reflects the same month previous year. Source: Statistics Canada.

Economic indicators


The New Housing Price Index for St. John’s Metro was 109.8 in April 2025 (up 3.9%*)


The Consumer Price Index for St. John’s Metro was 162.0 in April 2025 (up 0.2%*) 


Retail trade for Newfoundland and Labrador was $1,093 million in March 2025 (up 11.3%*)


*St. John's CMA, same month in the previous year. Source: Statistics Canada