The City of Charlottetown leads other Atlantic Canadian cities when it comes to growth, according to the Atlantic Provinces Economic Council (APEC). APEC’s June 2019 report explores major infrastructure projects in the region and scores them.
Charlottetown is leading the way with a 30 per cent increase in growth to a total of $320 million, followed by St. John’s, Newfoundland and Labrador with a 10 per cent increase in their growth.
“Charlottetown continues to punch well above its weight,” said Charlottetown Mayor Philip Brown. “Once again, these statistics show that the collaborative approach we take with the federal and provincial governments is paying off for Charlottetown.”
Investment in Prince Edward Island will be up 24 per cent this year to $530 million, which surpassed the 22 per cent increase the year before. Over half of the investments made in the province are taking place in the Capital. Much of this success can be attributed to the City’s $14.5-million allocation to capital expenditures.
“I am proud of the strategic investments we have been making as a City,” said Councillor Kevin Ramsay, Chair of the City’s Economic Development, Tourism and Events Management Committee. “We need to keep growing our economy and continue making smart investments that will positively impact all residents of Charlottetown.”
For more information on the APEC report, visit: https://www.apec-econ.ca/