Small Business Saturday
Islanders can do their part to support Small Business Saturday today by celebrating the vital role that small businesses play on Prince Edward Island.
People are encouraged to show appreciation for their favourite locally owned stores by shopping locally.
“There is a long tradition on Prince Edward Island of supporting local business,” said Premier Wade MacLauchan. “We can affirm that attachment (today) and everyday by shopping at locally owned businesses.”
Small businesses drive the engine of the Prince Edward Island economy. There are over 6,200 businesses on the Island, the vast majority of which are small.
In 2014, 24,900 people were employed by businesses with less than 20 employees. About 23,600 were employed by businesses with 20 - 99 employees. The most recent figures show that P.E.I. businesses contribute $953,000 GDP per business.
Training program for P.E.I. exporters
Island entrepreneurs and business owners working to increase their export sales now have access to additional support through a new export readiness program.
The program was launched Tuesday as part of Export Day during Small Business Week on Prince Edward Island.
Companies currently exporting and companies that are preparing to do so will go through an assessment process then and have a follow-up interview to review company needs and appropriate workshop modules and program elements.
The program offers six workshop modules through half-day sessions core capacity for export; export market analysis; export finance; international trade law; export logistics and pricing strategies for export.
Companies that complete the program will have the basis of an export plan and the tools to go forward.The final steps will include a visit to the border to experience first-hand the realities of exporting goods internationally.
Housing starts rise in September
Housing starts in Prince Edward Island’s urban areas were trending at 297 units in September, compared to 218 in August according to Canada Mortgage and Housing Corporation (CMHC).
The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts.
“Multiples starts in Charlottetown were a key contributor to the uptick in new home construction activity across Prince Edward Island last month,” said Sarena Teakles, market analyst with CMHC’s Atlantic market analysis centre.
“Positive international migration, particularly to larger urban centres such as Charlottetown, continues to support demand for rental accommodations,” she added.
The standalone monthly SAAR was 626 units in September, up from 422 units in August.
Brewery wins gold medal
The P.E.I. Brewing Company has won a gold medal at the Atlantic Canadian Beer Awards.
The company’s Vic Park Pale Ale won gold in the pale ale category at the awards, which took place Sunday, Oct. 18, at the Stubborn Goat in Halifax.
“We knew right away that we had a winner with Vic Park. Our brew team did an amazing job with it and we couldn’t be more proud,” said Jeff Squires, president of the P.E.I. Brewing Company. “We’ve had outstanding feedback from beer drinkers all over the Maritimes.”
Vic Park was first released in the summer of 2014 as a seasonal brew. It is now available in 473ml cans in Prince Edward Island and on select taps in P.E.I. and Nova Scotia.
Vector Aerospace expands offerings
SUMMERSIDE —Vector Aerospace, a global independent provider of aviation maintenance, repair and overhaul services, is now supporting the new PW100SMARTSM range of service offerings introduced by Pratt & Whitney Canada for PW100 turboprop operators.
The PW100SMARTSM suite of offerings is designed to help operators keep their aircraft flying with predictable maintenance costs, improved dispatch availability and enhanced time-on-wing performance. P&WC’s range of PW100 initiatives includes firm fixed priced overhauls, flat rate engine exchanges, capped cost programs plus other availability-focused initiatives.
Vector Aerospace holds approvals from some of the world’s leading turbine engine, airframe and avionics manufacturers. Powerplants supported include a wide range of turboshafts, turboprops and turbofans from General Electric, Honeywell, Pratt & Whitney Canada, Rolls-Royce and Turbomeca. Vector Aerospace also provides support for a wide range of airframes from Airbus Helicopters, Bell, Boeing and Sikorsky, its capabilities including major inspections and dynamic component overhaul, and offers full-service avionics capability, including aircraft rewiring, mission equipment installation and glass cockpit upgrades.
The company is based in Slemon Park. For more information, visit www.vectoraerospace.com.
Small Business Saturday
Islanders can do their part to support Small Business Saturday today by celebrating the vital role that small businesses play on Prince Edward Island.
People are encouraged to show appreciation for their favourite locally owned stores by shopping locally.
“There is a long tradition on Prince Edward Island of supporting local business,” said Premier Wade MacLauchan. “We can affirm that attachment (today) and everyday by shopping at locally owned businesses.”
Small businesses drive the engine of the Prince Edward Island economy. There are over 6,200 businesses on the Island, the vast majority of which are small.
In 2014, 24,900 people were employed by businesses with less than 20 employees. About 23,600 were employed by businesses with 20 - 99 employees. The most recent figures show that P.E.I. businesses contribute $953,000 GDP per business.
Training program for P.E.I. exporters
Island entrepreneurs and business owners working to increase their export sales now have access to additional support through a new export readiness program.
The program was launched Tuesday as part of Export Day during Small Business Week on Prince Edward Island.
Companies currently exporting and companies that are preparing to do so will go through an assessment process then and have a follow-up interview to review company needs and appropriate workshop modules and program elements.
The program offers six workshop modules through half-day sessions core capacity for export; export market analysis; export finance; international trade law; export logistics and pricing strategies for export.
Companies that complete the program will have the basis of an export plan and the tools to go forward.The final steps will include a visit to the border to experience first-hand the realities of exporting goods internationally.
Housing starts rise in September
Housing starts in Prince Edward Island’s urban areas were trending at 297 units in September, compared to 218 in August according to Canada Mortgage and Housing Corporation (CMHC).
The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts.
“Multiples starts in Charlottetown were a key contributor to the uptick in new home construction activity across Prince Edward Island last month,” said Sarena Teakles, market analyst with CMHC’s Atlantic market analysis centre.
“Positive international migration, particularly to larger urban centres such as Charlottetown, continues to support demand for rental accommodations,” she added.
The standalone monthly SAAR was 626 units in September, up from 422 units in August.
Brewery wins gold medal
The P.E.I. Brewing Company has won a gold medal at the Atlantic Canadian Beer Awards.
The company’s Vic Park Pale Ale won gold in the pale ale category at the awards, which took place Sunday, Oct. 18, at the Stubborn Goat in Halifax.
“We knew right away that we had a winner with Vic Park. Our brew team did an amazing job with it and we couldn’t be more proud,” said Jeff Squires, president of the P.E.I. Brewing Company. “We’ve had outstanding feedback from beer drinkers all over the Maritimes.”
Vic Park was first released in the summer of 2014 as a seasonal brew. It is now available in 473ml cans in Prince Edward Island and on select taps in P.E.I. and Nova Scotia.
Vector Aerospace expands offerings
SUMMERSIDE —Vector Aerospace, a global independent provider of aviation maintenance, repair and overhaul services, is now supporting the new PW100SMARTSM range of service offerings introduced by Pratt & Whitney Canada for PW100 turboprop operators.
The PW100SMARTSM suite of offerings is designed to help operators keep their aircraft flying with predictable maintenance costs, improved dispatch availability and enhanced time-on-wing performance. P&WC’s range of PW100 initiatives includes firm fixed priced overhauls, flat rate engine exchanges, capped cost programs plus other availability-focused initiatives.
Vector Aerospace holds approvals from some of the world’s leading turbine engine, airframe and avionics manufacturers. Powerplants supported include a wide range of turboshafts, turboprops and turbofans from General Electric, Honeywell, Pratt & Whitney Canada, Rolls-Royce and Turbomeca. Vector Aerospace also provides support for a wide range of airframes from Airbus Helicopters, Bell, Boeing and Sikorsky, its capabilities including major inspections and dynamic component overhaul, and offers full-service avionics capability, including aircraft rewiring, mission equipment installation and glass cockpit upgrades.
The company is based in Slemon Park. For more information, visit www.vectoraerospace.com.
