P.E.I. business organization enters next phase of economic action plan development
The alliance of 21 business organizations and industry associations known as the Partnership for Growth, has entered the next phase of developing an economic action plan for P.E.I.
In the coming months, the partnership will conduct research and seek input from Islanders to support the creation of the plan.
The Partnership for Growth will establish a baseline of P.E.I.’s current economic situation using existing publicly available data and key indicators including, but not limited to GDP, export growth, population growth, unemployment rate, innovation, productivity, entrepreneurial activity and wage growth.
The baseline will acknowledge and present regional differences. Following this, the partnership will conduct secondary research and host targeted discussions and Islandwide public consultations during the 2020 winter months.
Using these findings, the partnership aims to develop and present the economic action plan by late spring 2020.
During the 2019 provincial election, the partnership called for all political parties to commit to working with the private sector to establish an economic action plan that will help realize its vision and move the Island’s economy forward. All four political parties responded in writing with a commitment to do so. Following this, in the 2019 provincial budget, government allocated funds to assist with the plan’s development.
The partnership has been pleased with the all-party support and the provincial government has provided the funding necessary to proceed to the next phase.