The local economic development organization in Georgetown, Prince Edward Island, in partnership with the federal and provincial governments, is turning a 40,000 square foot former sawmill into a multi-tenant facility to house new and existing businesses. Georgetown Port Inc. will...
The role of the board of directors is to provide strategic direction to Finance PEI as the lead financing group for the Province of Prince Edward Island as legislated in the Finance PEI Act. Who serves on the Board? The board includes six representatives of the private sector...
Prepared by Grant Thorton LLP
A financing program has been developed to provide working capital financing to assist Prince Edward Island businesses impacted by the new export tariffs implemented by the United States of America (the “Tariffs”), ensuring they can maintain operations, preserve jobs, and invest in alternative supply chain strategies. This new loan program will assist qualifying companies to maintain normal business operations during these unprecedented times. How much financing is available under this program? Eligible applicants can apply to receive a working capital loan of up to $500,000 with a fixed...
Today, Government is deferring all loan payments with clients of Finance PEI, Island Investment Development Inc., and PEI Century Fund for the month of October due to the impacts of Hurricane Fiona. “Hurricane Fiona has caused significant disruption for may industries across...
A funding program has been developed by the Province of PEI to support the PEI Tourism Operators through a joint partnership of Finance PEI and Tourism PEI. This new program will provide funding in the form of a repayable loan to qualified applicants. Interest payments on loans approved through this program will qualify for interest relief (interest payment made behalf of the client) from Tourism PEI for a period of 18 months with Finance PEI offering principal deferrals to match the same 18 month period. The total obligation of the Government of Prince Edward Island under this Tourism...
The biomass heating units at provincial buildings across Prince Edward Island are now fully owned and operated by an Island company thanks to financing provided by the Provincial Government. Atlantic Bioheat Inc now owns 11 boilers with another under construction at Hernewood...
The Early Years Centre Expansion Low-interest Loan Pilot Program has been designed in partnership with the Department of Education and Early Years to provide applicants with the opportunity to access financing for new construction and/or expansion of existing Early Years Centres...