Minister Petitpas Taylor celebrates Start of Economic Development Week 

News release

May 23, 2023 – Charlottetown, Prince Edward Island · Atlantic Canada Opportunities Agency (ACOA)

Canada is well positioned to capitalize on the economy of the future. The Government of Canada has made it a priority to support strong economic growth that will help Canadian businesses thrive and create good jobs, now and for years to come.

This week, Minister Petitpas Taylor will be in the Maritimes to mark Canada’s first Economic Development Week.

Today, the Honourable Ginette Petitpas Taylor, Minister of Official languages and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA) is on Prince Edward Island to announce new funding for tourism operators across the Island and celebrate the important work both businesses and the federal government are doing to invest in and build a strong, growing economy that will strengthen the middle class and create well-paying jobs.

A vibrant tourism sector is essential to a thriving economy and our operators play a key role in showcasing the communities and cultures that make Atlantic Canada so special. These investments demonstrate a focus on building, upgrading, and diversifying innovative tourism products to position Canada as a destination of choice.

This is one of the many steps the government is taking to build a more resilient economy. We are committed to the move to a net-zero economy, the development of green technologies, clean energy projects and sustainable practices. Not only are Canadians helping to reduce carbon emissions by successfully adapting to a changing climate, but this important shift is also helping create new jobs and opportunities right across the country.

Furthermore, the government is ensuring a resilient economy that benefits all Canadians by investing to build made-in-Canada supply and value chains, increasing Canadian research and development spending, and leveraging free trade deals that represent access to two-thirds of the global economy. This will ensure the Canadian economy can withstand global economic shocks and emerge stronger and more resilient in the face of crises.

Canada is also leading the way in the advancement of digital technologies, tapping into homegrown, world-leading expertise to further develop artificial intelligence, quantum computing and 5G networks.

By taking action to advance these key priority areas, the government is laying the groundwork for a strong economic future — for all Canadians. With other countries moving on these same fronts, Canada must be bold, work quickly and strategically to succeed. In turn, Canadian businesses and industries to create more jobs, better-paying skilled jobs, and a higher standard of living – to the benefit of all Canadians.


"Our government is taking critical steps to diversify the economy and create new opportunities for businesses from all sectors including the tourism industry. Atlantic Canada is a destination of choice with innovative companies driving change and growth. During Economic Development Week, let's celebrate each and everyone of them that are leading us on a path to success."

The Honourable Ginette Petitpas Taylor, Minister of Official Languages and Minister responsible for ACOA

Quick facts

  • ACOA is one of seven Regional Development Agencies (RDA). The RDAs are focused on advancing and diversifying regional economies and helping communities thrive.

  • ACOA's mandate is to work with businesses, communities, academic institutions, researchers and other levels of government to help build a strong, inclusive economy in Atlantic Canada.

  • The Agency delivers programs and time-limited initiatives for every need to help Atlantic Canadian businesses become more competitive, innovative and productive and to diversify local economies.

  • ACOA marked 35 years of existence in 2022. The Agency is headquartered in Moncton and has 30 points of service across the region. 

  • For 2023-24, ACOA has a budget of $390 million to support businesses and communities in Atlantic Canada.


Marianne Blondin
Press Secretary
Office of the Minister of Official Languages and of
the Atlantic Canada Opportunities Agency

Media Relations
Atlantic Canada Opportunities Agency

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