Economic Development

Placentia is a community built on opportunity, innovation, and growth.

With a strategic location along Newfoundland and Labrador’s historic shipping routes, a skilled workforce, and modern infrastructure, our town is primed for business and investment. From marine transportation and manufacturing to tourism and resource development, Placentia offers a diverse range of economic opportunities.

Our dedicated Economic Development team works closely with local businesses, entrepreneurs, and investors to support sustainable growth, attract new ventures, and strengthen the regional economy. Whether you’re looking to start a business, expand operations, or explore partnerships, Placentia provides the resources, connections, and support to help your venture succeed.