Starting a BusinessPrince Edward Island is a wonderful place to do business. The business environment is competitive, there is access to a skilled labour force, and the province has state-of-the-art infrastructure already in place.
Small and medium sized businesses are critical to the Prince Edward Island's economy. In fact, 97.4% of Prince Edward Island's businesses are considered small or medium-sized.
Innovation PEI is committed to fostering strategic partnerships with industry, academia and other government agencies to develop a more prosperous and vibrant economy that is able to adapt to a changing world. Our agency is made up of three divisions:
Business Development and Integration: This division is responsible for the coordination and delivery of information and assistance to new and existing local businesses in Prince Edward Island. The group provides counseling, financial assistance, business guidance, entrepreneur education and professional development to assist businesses with start up, expansion and diversification.
Trade and Export Development: This division is mandated to increase revenues generated from export sales and to assist Prince Edward Island companies in becoming export ready. The division provides training and support for market entry activities and market-specific information.
Prospecting and Innovation Programs: This division is responsible for growing the strategic sectors of aerospace, bioscience, information technology, financial services and renewable energy as well as attracting out of province business investment to Prince Edward Island. The division also manages innovation programs focused on encouraging innovation and new product development.
Other Agencies and Organizations
Atlantic Canada Opportunities Agency (ACOA) works to create opportunities for economic growth in Atlantic Canada by helping businesses become more competitive, innovative and productive, by working with diverse communities to develop and diversify local economies, and by championing the strengths of Atlantic Canada.
Many business owners in Prince Edward Island join their local chamber of commerce. The largest chamber of commerce in Prince Edward Island is the Greater Charlottetown Area Chamber of Commerce (GCACC). The GCACC supports businesses and professionals through programs and services including the PEI Connector Program and professional development events.
Guide to Starting a Business from PEI Association for Newcomers to Canada (PEIANC) provides information on how to establish a business in Prince Edward Island.
- For Business resources - Government of Prince Edward Island
- Canada Business Network
- Canadian Youth Business Foundation (CYBF)
- Programs, Services and Publications including New Business Checklist and Getting into Business in PEI from Innovation PEI
- Rural Action Centres
- Success Stories of Island entrepreneurs in the food and bioscience industries
- Provincial Nominee Program: Business Category
- Immigrant Entrepreneurs in Prince Edward Island