10 October 2006
Stratford, Prince Edward Island
Canada's New Government and the provincial government of
Prince Edward Island today announced a combined investment
of $4.3 million for a state-of-the-art Nearshoring Centre.
Now more than ever, Atlantic Canada will be the "right
shore" for companies looking to outsource their information
technology requirements.The Honourable Peter MacKay, Minister of Foreign Affairs
and Minister of the Atlantic Canada Opportunities Agency
(ACOA) and the Honourable Pat Binns, Premier of Prince
Edward Island today officially announced funding for the
new building, which is currently being built in Stratford,
just east of Charlottetown. Nearshoring is the practice of companies relocating
portions of their work to areas that are geographically
close and cost-effective. "This project is a great example of Canada's New Government
working with its provincial and community partners to help
attract jobs and investment to PEI," said Minister
MacKay. "This new centre will help PEI seize the
significant opportunities that exist in the IT outsourcing
sector.""We are very excited about the potential job opportunities
which will be made available to Islanders through our
investments to attract nearshoring companies to the
province," said Premier Binns. "Investing in strategic
economic sectors has helped to create over 11,000 new jobs
in Prince Edward Island and we are confident the
construction of a nearshoring centre will help us grow that
number further."By providing a strategic location, skilled workforce and
modern equipment, the 30,000- square-foot facility will
great fit with our mandate," said Jim Larkin, chairperson
of CADC. "The nearshoring centre will provide economic and
social benefits to the community and the province in
general."Canada's New Government through ACOA is contributing $3.4
attract companies looking for an affordable location to
outsource their information technology requirements. The
building is being constructed and will be managed by the
Charlottetown Area Development Corporation (CADC)."We are pleased to be part of this project, which is a
million to the project while the provincial government will
contribute $990,000 over five years. FOR BROADCAST USE ONLY:Now more than ever, Atlantic Canada will be the "right
shore" for nearshoring companies. Foreign Affairs and ACOA
Minister Peter MacKay and Premier Pat Binns today announced
funding for a 30,000-square-foot building in Stratford
designed to attract nearshoring companies to PEI. The
building will house companies looking to outsource their
information technology requirements. Nearshoring is the practice of companies relocating
portions of their work to areas that are geographically
close and cost-effective. ACOA will contribute $3.4 million
to the project through its Innovative Communities Fund. The
provincial government will contribute $990,000 over five
years.For more information, please contact:
Krista Kelly
ACOA PEI & Tourism
902-566-7569
Dennis King
Development and Technology
902-368-6574
Jim Larkin
Charlottetown Area Development Corporation
902-892-5341
