Island Investment Development Inc. (IIDI) is a crown corporation reporting to the Minister of Economic Development, Innovation, and Trade. The objects of IIDI are as follows: raise capital in foreign and domestic markets; provide financing to projects of significant economic...
Mobile application start-up IKBEE is bringing its expertise in offline smartphone notifications and cloud networking to Summerside, says Minister of Economic Development and Tourism Heath MacDonald. “Attracting international business opportunities like IKBEE is vital for the...
More Island artists are receiving funding through Island arts grants programs. The Indigenous Arts Grants and the PEI Arts Grants programs support, assist, and encourage the growth of the artistic community in PEI. Funding is available annually to Island-based professional...
Economic Development & Tourism annual report for 2015-2016
A trade mission to Ontario next week will likely be Prince Edward Island’s largest ever, expanding on business relationships built during the two provinces’ mission to India in February. “Canada’s largest and smallest provinces made some important connections with India and with...
The PEI government has committed to reaching 95 per cent of civic addresses by June 2023 and 100 per cent in 2025 with high-speed Internet (download speeds of 50 Mbps and upload speeds of 10 Mbps). As of December 2022, approximately 4% of civic addresses across the province do...
MacDougall Steel Erectors is optimistic about what the new Canada Free Trade Agreement will mean for the company. The agreement (CFTA) promises to benefit MacDougall Steel which – although based in the Borden-Carleton area – does much of its business off Island, especially in...
Islanders now have improved access to open and transparent information about money lent to companies by the provincial government. A policy change affecting government’s two lending agencies – Finance PEI (FPEI) and Island Investment Development Inc (IIDI) – requires all loans of...