The importance of proper planning cannot be over-emphasized. Planning should include the preparation of a business plan which encompasses management, marketing, production and financing details. See the New Business Check list for assistance.
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 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...
Web Presence Assistance provides a non-repayable contribution to Prince Edward Island businesses and local not-for-profits to assist with the creation of an online presence or to upgrade an existing website to include e-commerce. The purpose of Web Presence Assistance is to help Island businesses and not-for-profits increase business by creating a website to establish an online presence, reach customers and increase sales. Who is eligible for Web Presence Assistance? To be an eligible applicant, a business or a local not-for-profit organization must be located in Prince Edward Island and: not...
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...
Hiring from the PEI labour pool is a cost-effective investment. Islanders are known as dedicated, hard-working, loyal employees. Recent data indicates labour costs in PEI are among the lowest in Canada and more than 60 per cent of the Island workforce has a post-secondary degree...
One great advantage of being an entrepreneur is being able to do something you are passionate about or love to do. How do you plan to turn your passion into profit? Can my idea become my business? Every new business starts with an idea. You will have to do your homework to...
Taking the time to map out a realistic plan for your business before you open will pay off in the long run. Many successful entrepreneurs will agree that solid planning, both short-term and long-term, is the key to business success. The plan you begin to develop now will guide...