Central P.E.I. businesses modernize, expand and improve efficiencies
News release
March 22, 2024 · Borden-Carleton, Prince Edward Island · Atlantic Canada Opportunities Agency (ACOA)
Local businesses are a key source of pride and good jobs in Atlantic Canada’s rural communities. Investing in these businesses allows them to adapt, modernize and compete on a global scale. The Government of Canada is helping 13 organizations in Central P.E.I. explore new ways to innovate and drive economic growth in their communities.
Investments support business growth
Today, Heath MacDonald, Member of Parliament for Malpeque announced a total investment of $4,037,509.47 in 13 organizations based in Central P.E.I. The announcement was made on behalf of the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA.
The Government of P.E.I. is also contributing $499,683 toward 3 of the 13 projects.
The funds will help these organizations take steps to improve and grow their businesses, from automation to new exports, strategic planning, and building upgrades. For the full list of projects, please see backgrounder.
Today’s announcement demonstrates the Government of Canada’s commitment to helping Atlantic Canada’s rural businesses in new and traditional sectors innovate, compete and grow.
Quotes
“Folks in rural Atlantic Canada take a special pride in their local businesses, and for good reason – the products, services, and experiences offered are world-class. Local businesses are at the heart of our communities, and your federal government will always support growth and innovation as they work to create economic opportunity and good-paying jobs.”
- The Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA
“The businesses we are supporting through today’s announcement all contribute to the fabric of our Island’s culture. From potato processors to amusement parks, from advanced manufacturers to tech startups, I’m pleased to see how our Island’s rural businesses are adapting and innovating. Their success contributes greatly to a brighter future for our communities.”
- Heath MacDonald, Member of Parliament for Malpeque
"Small businesses are at the heart of our Island communities, especially outside our two main urban areas. The investments we are making support not only these hard working Island entrepreneurs and their innovative projects, they are also important investments into our Island. I'm pleased to partner with the federal government and invest in the people of our province."
- The Honourable Gilles Arsenault, Minister of Economic Development, Innovation and Trade
Quick facts
-
The funding announced today is provided through the Atlantic Canada Opportunities Agency’s (ACOA) Regional Economic Growth through Innovation (REGI) program, which helps businesses accelerate their growth so they can be more productive, compete on the world stage and reach new markets.
Related products
Associated links
Contacts
Connor Burton
Press Secretary
Office of the Minister of Rural Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency
Connor.Burton@acoa-apeca.gc.ca
Sharon McGuigan
Manager of Communications
Atlantic Canada Opportunities Agency
Sharon.McGuigan@acoa-apeca.gc.ca
Vicki Tse
Bilingual Senior Communications Officer
Department of Economic Development, Innovation and Trade
Province of Prince Edward Island
vickitse@gov.pe.ca
Page details
- Date modified: