Atlantic Canada Opportunities Agency
Boosting Biz Growth, Entrepreneurship in Prince Edward Island
Community Business Development Corporations supporting development of small businesses through tailored financing, mentorship, and training programs.
The Government of Canada is proud to support the growth and development of small- and medium-sized enterprises (SMEs) in rural and coastal areas of Prince Edward Island.
Today, the Honourable Lawrence MacAulay, Minister of Agriculture and Agri-Food and Member of Parliament for Cardigan, announced investments totaling $923,724 for 2024/25 through the Community Futures Program for three Community Business Development Corporations (CBDCs) in Prince Edward Island. The announcement was made on behalf of the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA.
This funding will enable the CBDCs to offer essential financial assistance, specialized training, expert guidance, and customized local initiatives to the rural businesses, organizations, and communities they support.
For a full list of CBDCs receiving this funding, please refer to the backgrounder.
This investment is part of the $12.6 million allocated by the Government of Canada, through ACOA, to support the 41 CBDCs in Atlantic Canada under the Community Futures Program. With this contribution, the CBDCs in Prince Edward Island will continue to provide essential support to local businesses, including financing, training, and services tailored to the needs of local entrepreneurs.
https://www.canada.ca/en/atlantic-canada-opportunities/news/2025/02/empowering-entrepreneurship-and-fueling-local-business-growth-in-prince-edward-island.html