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March 18, 2016
For immediate release

City of Summerside Looks to Attract Private Sector Investment

Economic Development and Tourism

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The City of Summerside is making infrastructure upgrades to an underutilized multi-tenant facility to attract new private sector business investment and new employment opportunities to the downtown core. The existing facility at 54 Central Street will be re-purposed from its previous retail space into office space. The business space will be leased by the City of Summerside.

Bobby Morrissey, Member of Parliament for Egmont, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA), the Honourable Heath MacDonald, PEI Minister of Economic Development and Tourism, and His Worship, Mayor Bill Martin, Mayor of the City of Summerside, today announced funding for the project.

The Government of Canada, through ACOA’s Innovative Communities Fund, is providing a non-repayable contribution of $990,000 to this project. The Government of Prince Edward Island – through Innovation PEI – is supporting the expansion of building tenant IO Solutions to the City of Summerside with a labour rebate of up to 100 positions. As the company achieves its hiring projections, the company is eligible to claim up to $810,359 in support.

Innovation PEI also will provide $28,000 to the City of Summerside for architectural and design costs for the retrofit.

Quotes

“The Government of Canada is committed to helping communities across Canada reach their potential by building on their individual strengths. I commend the City of Summerside for its aggressive plans to attract private sector investment. I am pleased to announce support for a project that will create new employment opportunities.”

- Bobby Morrissey Member of Parliament (Egmont), on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister Responsible for the Atlantic Canada Opportunities Agency (ACOA) “Government is happy to be part of a partnership that will enhance economic development in Summerside. We are pleased that IO Solutions Call Center decided to expand its Island presence by creating a planned 100 new jobs, which complements its existing call centre in Bloomfield that employs 80 people.”

- The Honourable Heath MacDonald, Minister of Economic Development and Tourism www.acoa-apeca.gc.ca

“I am thrilled for our City and residents to be bringing this major announcement of growth and prosperity. We couldn’t be making this huge investment without the support from our Federal and Provincial partners, ACOA and Innovation PEI, which will result in quality jobs and the refurbishing of a core building in our City.”

- His Worship Bill Martin, Mayor, City of Summerside

Associated Links

City of Summerside

ACOA’s Innovative Communities Fund

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Media Contact: Brad Chatfield
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