Exporting allows companies to diversify their risk by having revenue streams from different markets and divergent economies. Along with the increased sales potential, there are opportunities to achieve greater economies of scale and maximize productivity – and profitability...
Training and support for market entry activities and market-specific information is available through Innovation PEI Global Trade Services. A regular calendar of trade missions to strategic target markets and sector trade shows is developed each year and companies can access...
PEI continued to experience continued export growth in 2024. Values of international exports expanded to approximately $2.6 billion, a new all-time high. International exports for Prince Edward Island were valued at $218.7 million in December of 2024, 9.4% higher than the same...
IO Solutions Call Centre Inc. opened its Head Office and operations center in Bloomfield in August 2012. Just under four years later, the company is now ready to expand into a second PEI location. Bobby Morrissey, Member of Parliament for Egmont, on behalf of the Honourable...
PEI communities possess unique and valuable characteristics. Residents in these areas want to maintain the qualities that define them and at the same time seek economic opportunities that will ensure long-term growth and sustainability. For more than 20 years the Central...
Prince Edward Island is Canada's Food Island PEI Flavours is an online guide to connect growers, producers, processors, chefs, restaurants, tourism operators and other culinary industry stakeholders. You will find information about: What's in Season Buy Local / Buy PEI The...
The Enriched Investment Tax Credit complements the existing PEI Corporate Investment Tax Credit of 10 per cent. The tax credit is applied to certain capital investments made by manufacturing and processing businesses. Who is eligible for Enriched Investment Tax Credit? To be an eligible applicant, a business must be located in Prince Edward Island and: be registered to do business and actively operating in Prince Edward Island; manufactures, processes, or develops goods or services primarily for export; operates within one of these strategic sectors: bioscience aerospace and defence advanced...
Rental Incentive Assistance contributes to rental costs for Prince Edward Island businesses to establish a new business or to expand existing production capabilities. Who is eligible for Rental Incentive Assistance? To be an eligible applicant, a business must be located in Prince Edward Island and: be registered to conduct business and actively operating on Prince Edward Island; manufactures, processes, or develops goods or services primarily for export; operates within one of these strategic sectors: bioscience aerospace and defence advanced manufacturing and processing renewable energy and...
The PEI Labour Rebate (PLR) supports the growth of Island businesses through a refundable labour rebate on incremental job creation. Employment growth must be linked to the development, expansion and/or commercialization of new products, processes, and services that will be sold primarily beyond the borders of PEI. Who is eligible for PEI Labour Rebate? To be an eligible applicant, a business must be located in Prince Edward Island and: be registered to conduct business and actively operating in Prince Edward Island; manufactures, processes, or develops goods or services primarily for export...
Capital Acquisition Assistance supports Prince Edward Island businesses investing in technology, equipment, and infrastructure needed to grow their business and increase capacity and competitiveness. The program provides businesses with financial assistance to leverage other traditional and non-traditional financing and reduce risk. Who is eligible for Capital Assistance funding? To be an eligible applicant, a business must be located in Prince Edward Island and: be registered to conduct business and actively operating on Prince Edward Island; manufactures, processes, or develops goods or...