Rich in Culture & quality of life
Prince Edward Island offers amenities, infrastructure, and culture beyond what is expected of a place that is considered “small” by geographic and population measures. Recognized as one of the world’s ten most beautiful islands, PEI is a tourism destination for approximately a million visitors each year. Many of these visitors come during the summer season when they can enjoy our beautiful sandy beaches, world-class golf courses and an abundance of fresh produce and seafood. Throughout the year, there are many concerts, festivals and events including the Festival of Lights, Charlottetown’s Winter Carnival, the Jazz & Blues Festival, Festival of Fall Flavours, International Shellfish Festival, the Summerside Lobster Carnival and Old Home Week. You can experience great music, theatre, cuisine, harness racing, and history in the “Birthplace of Confederation” any time of the year. The seat of provincial government and the capital city, Charlottetown, is one of three municipalities designated as a 2011 Cultural Capital of Canada. This distinction recognizes and supports Canadian communities that have a record of harnessing the many benefits of arts and culture in community life.
PEI has an excellent reputation for safety, quality of life, a friendly atmosphere, and has many more amenities than most jurisdictions of our size. Our size also results in a true sense of “community” – networks between organizations, educators, businesses, and easily accessible members of all levels of government result in a cooperative environment to the benefit of all stakeholders.
When it comes to business, there’s no better place than Prince Edward Island:
- North America Free Trade Zone
- A cost effective and business friendly environment
- A highly skilled and educated labor pool
- Accessible decision makers
- Strategic infrastructure
- Access to major markets
- Low turnover rates
- Risk reduced development and a supportive financial environment
- Quality of Life that is second to none
Vector Aerospace is a global leader in MRO. Our PEI operation, Vector Atlantic, has the best package – excellent infrastructure, low operating costs, and targeted aerospace training.
Brian Thompson, Senior VP Commercial at Vector Aerospace CorporationVector Atlantic
KPMG 2016 Competitiveness Index
Competitive Alternatives is KPMG’s guide to comparing business locations in North America, Europe & Asia Pacific.
Competitive Alternatives 2016 compares business costs for more than 100 cities in ten countries. Canada is one of the cost leaders among the nine established industrialized countries, with business costs at 14.6 percent below the United States and a cost index of 85.4.
Prince Edward Island has one of the lowest costs in North America relative to:
- Medical Devices
- Metal Components
- Precision Manufacturing
- Corporate & IT Services
- Biomedical R&D