© Journal Pioneer
summerside city hall
SUMMERSIDE — The city has received federal funding to help market itself to foreign investors.
Summerside is getting $26,000 from the Invest Canada Community Initiative (ICCI), part of a larger $4-million funding announcement for 83 communities across the country.
International Trade Minister Ed Fast made the announcement during an informal meeting with several Summerside city councillors and Mayor Basil Stewart.
“This funding will help ensure that investors from around the world look to Summerside as a destination of choice for new investment opportunities,” said Fast.
ICCI is designed to help municipalities market themselves to foreign investors.
Gail Shea, Canada’s, fisheries minister, who was escorting Fast on a tour of several Prince County businesses on Friday, pointed to the former Dynasty Spa (now the Prince Alex Resort) as an example of how beneficial foreign investment can be to a community.
That property, located on the outskirts of Summerside’s waterfront, at the end of Mackenzie Drive, is being developed by Chinese businessman Sean Liu, who’s currently living in Toronto.
Stewart said following Fast’s announcement that Summerside has tried to be aggressive in going after investors for the area.
“We all understand that the world is so small, you have to promote far and wide and that’s what we’re trying to do here.
“You have to think outside the box,” said Stewart.