Government reinstating the Charlottetown Area Development Corporation
After hearing from greater Charlottetown area business communities and municipalities, Government is reinstating the Charlottetown Area Development Corporation (CADC) to support continued economic growth and innovation.
“One of my first meetings was with the Mayors of Charlottetown, Stratford and Cornwall to have a meaningful conversation about what a new development corporation for the capital region might look like. The CADC has been very important and beneficial for our province in the past, both economically and socially. Reinstating the development corporation will allow us to work better together with our business communities as we build on the successes of the past while exploring new opportunities and areas for growth through innovation, investment and leadership.”
- Premier Dennis King
The ten-person board will have seven members from the Province, two members from the City of Charlottetown and one from the Town of Stratford. Cornwall Town Council has decided not to become part of the board now but discussions with them continue.
“For many years, CADC has contributed greatly to the success of both the Greater Charlottetown Area and the Province,” said Minister of Economic Growth, Tourism and Culture Matthew MacKay. “When speaking to business owners, leaders and organizations, they all agreed the best solution would be to reinstate the private sector board, and we are happy to do just that.”
“We are excited to see the reinstatement of CADC,” said Charlottetown Mayor Philip Brown. “We need to use every resource available to us to take advantage of the strong economic position we are in right now. The capital region will benefit from this forward-looking decision.”
“We are very happy to see that CADC is being reinstated,” said Stratford Mayor Steve Ogden. “We look forward to working with our municipal and provincial partners to continue to grow the economy of Stratford and the whole capital region.”
“Over the many years in which CADC has operated they have provided innovations, investment and acted as the catalyst for individual projects of economic and social benefit in Charlottetown,” said Dawn Alan, CEO of Downtown Charlottetown Inc. “Their mandate and ability to leverage funds and collaborate with private sector, organizations and governments have resulted in a proven track record of successes for our city and the province. We are so pleased to see this important entity, and the professionals who provide the expertise within, reengaged to continue their efforts of urban renewal.”
Positions for the board will be advertised through Engage PEI by the end of October 2019.
Government continues to work with the City of Summerside, businesses and organizations to determine the best option going forward for the Summerside Regional Development Corporation.
Department of Economic Growth, Tourism and Culture