PEI Brewing Company expanding to increase capacity
Creating jobs for Islanders
PEI Brewing Company (PEIBC) is expanding again to better meet the increasing demand for its beers across the country and further boosting the province’s exports.
“PEI Brewing Company is a significant exporter of craft brew here on the Island, and this further expansion will allow its products to reach an even wider audience across the country,” Economic Development and Tourism Minister Chris Palmer said. “The company is another shining example of the incredible food and drink being produced on Canada’s Food Island by entrepreneurs who are dedicated to success and passionate about their products.”
To support phase two of the expansion, the provincial government will provide $746,366 in repayable financing, which will be used for the purchase of new brewing and packaging equipment. The provincial government also supported phase one of the expansion with previously announced repayable financing totaling $754,132.
“The craft beer industry in Canada continues to grow and PEI Brewing Company is excited to be part of this growth,” PEIBC President and CEO Jeff Squires said. “The increasing demand for PEI beer products across the country is another example of the increasingly excellent reputation of the food and drink produced right here on Prince Edward Island.”
Provincial financing assistance has proven essential to facilitate business growth across Prince Edward Island. Provincial loans currently help support nearly 900 Island businesses with over $372 million in financing; the vast majority of which supports entrepreneurs and primary producers in rural communities.
Department of Economic Development and Tourism