I don't remember many companies closing last year. The previous years were worse though. We're currently seeing some amalgamation (Provinent purchased LearnStream) and a new & growing company in Fredericton - PulseLearning.

You're right that "we can't keep doing business the way we used to". I view that as the critical issue because I haven't heard much discussion from government or industry about the need for new business models. It's more of the same old (and proven obsolete) DotCom models for technology and service development. That's why I'm pessimistic about the long term economic viability of the regional industry.

Probably the most innovative business model in our area is from Ensemble Collaboration.