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 PEI's businesses are considered small or medium-sized.
Innovation PEI, a crown corporation of the Government of PEI, offers a series of programs and services to strengthen the province's economy by providing entrepreneurs assistance with business development, business improvement and expansion, employment creation, research and innovation, and trade and market access. Innovation PEI is made up of three divisions, as follows:
Business Development and Integration is responsible for the coordination and delivery of information and assistance to new and existing local businesses. Within this division, the Business Integration Officer can provide navigation and business counseling services to newcomers to Prince Edward Island who wish to start, purchase, or invest in a business here.
The mandate of Export Channel Development is to increase revenues generated from export sales and to assist Prince Edward Island companies in becoming export ready.
Prospecting and Innovation Programs 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.
Other Agencies and OrganizationsAtlantic 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 PEI join their local chamber of commerce. The largest chamber of commerce in PEI 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 PEI.
- 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