Exporting allows companies to diversify their risk by having revenue streams from different markets and divergent economies. Along with the increased sales potential, there are opportunities to achieve greater economies of scale and maximize productivity – and profitability...
Prince Edward Island has a vibrant and growing economy. Island businesses continue to deliver the highest quality products and service to the marketplace. Our economy features a mix of traditional resources - agriculture, fisheries and tourism - that have undergone significant...
If you are interested in a newcomer investing in your business and becoming a partial owner through the Provincial Nominee Program, you must submit an application to our office to assess eligibility. You must be willing to sell at least 33 1/3% of the equity of your business to...
If you are interested in selling your existing PEI business to a newcomer through the Provincial Nominee Program, it is your responsibility to find the potential buyer for the business. We recommend you discuss this option with your accountant. Is my business eligible? For your...
As the lead economic development agency in Prince Edward Island, Innovation PEI works with local businesses to create jobs and grow our economy. Prince Edward Island is developing a solid reputation as the location of choice for many leading international companies. Regardless of...
PEI’s economic strength is historically grounded in well established industries like agriculture, fishing and tourism. The economic focus for the future involves innovative research and development as well as supportive clustering in several key growth sectors: Advanced Marine...
Mission Statement Innovation PEI is focused on accelerating economic development in Prince Edward Island by investing in people, innovation, and infrastructure. We are targeting key sectors that have displayed a high potential for economic growth within the province. These...
Applications for 2025-26 are now being accepted. The purpose of the Rural Enhancement Employment Program (REEP) is to increase and stimulate economic activity and business development among PEI rural businesses, while increasing long-term rural-based employment opportunities by...
As the lead economic development agency for Prince Edward Island, Innovation PEI works as a team with other levels of government through Innovation PEI to provide you with timely one-stop investment services. Innovation PEI is the most responsive and client-focused business...
The operating budget is the estimates of revenue and expenditure that detail spending plans by the Government of Prince Edward Island to operate each department for the next fiscal year. The 2025-2026 provincial budget and related information is available in the following...