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PROGRAM SUMMARY The Enriched Investment Tax Credit (EITC) is intended to advance the competitiveness of Prince Edward Island’s manufacturing industry by encouraging investment for modernization and productivity improvement. The Prince Edward Island Income Tax Act provided for a...
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...
There are four basic methods of getting into business; start from scratch, purchase the assets of a business that has ceased operation, purchase an existing operation, or pay the fee for a franchise license. There are strengths and weaknesses for each method. Starting a business...
The Rental Incentive Assistance contributes to rental costs for Prince Edward Island companies to establish a new business or to expand existing production capabilities. Assistance may be as: a contribution towards the cost of leasing additional space in any community in the...
Rental Incentive Assistance contributes to rental costs for Prince Edward Island businesses to establish a new business or to expand existing production capabilities. Who is eligible for Rental Incentive Assistance? To be an eligible applicant, a business must be located in Prince Edward Island and: be registered to conduct business and actively operating on Prince Edward Island; manufactures, processes, or develops goods or services primarily for export; operates within one of these strategic sectors: bioscience aerospace and defence advanced manufacturing and processing renewable energy and...
The importance of proper planning cannot be over-emphasized. Planning should include the preparation of a business plan which encompasses management, marketing, production and financing details. See the New Business Check list for assistance.