• Market diversification added to focus of renewed Atlantic Fisheries Fund

  Source: Prince Edward Island - Regional News
  Date: 2026-10-15 20:43:09.0
  Tags: [National, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Trade, Fisheries, Industry, Finance]

  The federal government and the Atlantic provincial governments are replenishing the Atlantic Fisheries Fund with more than $300 million over the next five years, funded 60 per cent federally and 40 per cent provincially, in response to ongoing trade disputes and tariffs with the U.S. Federal Fisheries Minister Joanne Thompson announced that market diversification has been added as a new funding pillar alongside innovation, infrastructure, and science partnerships to assist harvesters and processors such as Cooke Inc., the P.E.I. Fishermen’s Association, Scotia Harvest, and Icewater Seafoods in entering new international markets. Over the past nine years, the fund has previously distributed $370 million to more than 1,300 projects across Atlantic Canada.

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• Atlantic Canadian businesses can now apply for nearly $40M in AI funding

  Source: Prince Edward Island - Regional News
  Date: 2026-10-14 18:00:00.0
  Tags: [Prince Edward Island, Nova Scotia, New Brunswick, Newfoundland and Labrador, National, Technology, Economy, Industry, Finance]

  The Atlantic Canada Opportunities Agency has launched a federal funding program offering nearly $40 million for small and medium-sized businesses pursuing large-scale artificial intelligence projects costing at least $1 million. The funding supports two primary tracks: adopting AI into internal business operations, such as proposal development tools utilized by Cabco Technologies, or developing new AI solutions to bring to market. Applications for the program remain open until November 20. The initiative aims to address a regional adoption gap highlighted by the Atlantic Economic Panel, which reported that approximately 15 per cent of Atlantic Canadian businesses with 10 or more employees use AI, compared to 20 per cent nationally.

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• Is P.E.I. doing enough to help businesses weather the U.S. tariff storm?

  Source: Prince Edward Island - Regional News
  Date: 2026-08-28 22:00:00.0
  Tags: [Prince Edward Island, Trade, Economy, Industry, Finance]

  The Government of Prince Edward Island rolled out a $12.5 million support package to assist local businesses impacted by U.S. tariffs. Bianca McGregor, CEO of the Greater Charlottetown Area Chamber of Commerce, discussed the evolving Canada-U.S. trade war and the challenges businesses face due to economic uncertainty surrounding 50% United States tariffs.

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• P.E.I. rolls out $12.5M in support for businesses hit by U.S. tariffs

  Source: Prince Edward Island - Regional News
  Date: 2026-08-28 16:19:32.0
  Tags: [Prince Edward Island, Trade, Economy, Finance, Industry, Agriculture]

  The Prince Edward Island government is rolling out a $12.5 million financial support package to assist businesses impacted by newly imposed 50 percent U.S. tariffs affecting roughly $10 million in provincial exports like agriculture products, dairy, and refrigeration equipment. Administered by Finance P.E.I., the initiative reopens the Tariff Working Capital Assistance Program with $10 million in loans featuring a maximum of $500,000 per borrower, an extended seven-year repayment term, and a doubled two-year interest-only period. Additionally, the province launched the $2.5 million P.E.I. Tariff Impact Relief Fund, providing non-repayable grants of up to $50,000 for capital expenses, supply chain diversification, and market intelligence. This provincial relief complements the Atlantic Canada Opportunities Agency's Regional Tariff Response Initiative and a $3.1-million Canada-P.E.I. workforce tariff response administered through Skills P.E.I. to fund worker retraining and employment services.

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