Western P.E.I businesses continue to grow and meet new export demand.
News release
Government of Canada investments support modernized equipment, increased productivity and safety
June 27, 2024 · Tignish, Prince Edward Island · Atlantic Canada Opportunities Agency (ACOA)
Rural based businesses in P.E.I. continue to compete and reach new markets with high quality products. These companies also create vital employment opportunities for Islanders and add to Atlantic Canada’s reputation as an ideal home base to build a sustainable business. The Government of Canada understands the importance of helping businesses adapt, modernize, and compete globally to fuel regional local economies.
Supporting long-term growth
Today, Bobby Morrissey, Member of Parliament for Egmont announced a total repayable investment of $1,514,665 in 5 businesses based in Western P.E.I. through ACOA’s Regional Economic Growth through Innovation (REGI) program. The announcement was made on behalf of the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA.
Investments in state-of the art equipment and facility upgrades will allow these companies to meet increased consumer demand, improve efficiencies, and develop new products. For the full list of projects, please see backgrounder.
Today’s announcement demonstrates the Government of Canada’s commitment to helping businesses at every stage of development grow and compete.
Quotes
“Every day, from traditional sectors to cutting edge industries, Atlantic Canada’s entrepreneurs are showing that our region can innovate and compete in markets big and small, driving growth and bringing good jobs into our communities. Your federal government is here to invest in that hard work and dedication.”
The Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA
“The businesses we are highlighting today make up just a small sample of the many businesses that drive economic growth and job opportunities in Egmont. We are pleased that, through ACOA, local entrepreneurs can access the tools and resources they need to support our communities.”
Bobby Morrissey, Member of Parliament for Egmont
Quick facts
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The funding announced today is provided through the Atlantic Canada Opportunities Agency’s (ACOA) Regional Economic Growth through Innovation (REGI) program, which helps businesses accelerate their growth to be more productive, compete on the world stage and reach new markets.
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Associated links
Contacts
Connor Burton
Press Secretary
Office of the Minister of Rural Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency
Connor.Burton@acoa-apeca.gc.ca
David Fleming
Manager of Communications
Atlantic Canada Opportunities Agency
David.Fleming@acoa-apeca.gc.ca
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