Charlottetown, PE (Nov. 2, 2022) – The Greater Charlottetown Area Chamber of Commerce is encouraged to see our province in a strong economic position, announcing an $84-million surplus for the 2021-2022 fiscal year, and today’s capital budget announcement outlining the largest investment made in PEI infrastructure of more than $1 billion over five years.

“The capital budget includes many new investments that are aimed to improve the quality of life for all Islanders and prepare for future growth,” said Chamber CEO, Robert Godfrey. “Increased investment and programming in healthcare, education, and housing will all work to make PEI a more attractive place to live and work, and ultimately help in addressing workforce shortages.”

The chamber welcomes further investments in climate resiliency and sustainability, healthcare, housing, infrastructure, and education infrastructure; including:

  • Creating an additional 365 social and affordable housing units, for a total; of 465 units within the next five years
  • Investing in improving government buildings to make them more energy efficient and environmentally friendly as part of the Province’s Climate Adaptation Plan
  • Partnering with the Construction Association of PEI, Holland College, and high schools to construct 34 small homes across the Island
  • Investing in equipment and resources to ensure our infrastructure and people are better able to respond to future environmental impacts

The Chamber looks forward to seeing the full details of these announced investments as we face a growing housing crisis, a workforce shortage, and a stressed healthcare system.

Our Island’s strong economic standing is in part a benefit from our resilient business community, who have found a way to continue generating money in our province’s economy over the 12 months.






About The Chamber:
The Greater Charlottetown Area Chamber of Commerce connects business and community and is PEI’s largest business advocacy organization with more than 1,100 members. For more information on the Chamber, visit

Media Contact:
Madeline Biso
Policy and Communications Specialist
(902) 628-2000 x 224