Immigrating to Summerside
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THIS IS THE LIFE You’re going to love it! Living, loving, working, playing SUMMERSIDE WELCOME TO SUMMERSIDE PRINCE EDWARD ISLAND, CANADA 1 2 THIS IS THE LIFE / SUMMERSIDE, PEI THE JOYS OF MOVING TO SUMMERSIDE Located in scenic Prince Edward Island on the east coast of Canada, Summerside is an oasis of opportunity. It offers the attractions and liveliness of a modern city without the challenges of a large urban centre. Quaint shopping districts, live theatre, beautiful beaches and a tasty choice of restaurants add to the pleasures of a diversified business community with vast investment and employment potential. Surrounded by natural beauty bathed in fresh ocean air, Summerside residents enjoy exciting recreational activities, high quality public services and a low cost of living. There are so many reasons you will love living and working in Summerside. 3 THIS IS THE LIFE / SUMMERSIDE, PEI OPEN ARMS TO IMMIGRANTS Summerside welcomes immigrants from around the world with their know-how, skills, language, culture and religion adding to the diversity of this growing city. To ensure you will be able to integrate and participate fully in the Summerside life- style, our team of dedicated professionals provides community-based services to guide you through each step of the immigration process. You will soon see that life in this friendly community provides an enviable standard of living. Inclusiveness, security and safety are the core values of life here. 4 SMALL COMMUNITY, BIG AMBITIONS As Prince Edward Island’s second largest city, Summerside is the primary com- mercial centre of Prince County. With a population of 16,000 and a local trading population of 45,000, it is the most densely-populated region of the county. Summerside’s economy has experienced significant growth and diversity in the past decade. Over 600 companies now call it home and enterprises range from business services and high technology to trans- portation, education, tourism, retail and light industry, with a focus on export markets. Twenty-five percent of businesses are large corporate and public institu- tions, seventy-five per cent have between 1 and 10 employees. It’s an economy offering employment and investment opportunities for small business and multinational ventures alike. LOWEST OPERATING COSTS Summerside has developed one of the lowest cost operating environments in Canada. Always meeting and exceeding the needs of entrepreneurs, it is an ideal environment for invest- ment in a wide variety of businesses, especially state-of-the-art technology, which is seen as a driver of the City’s innovation. Moreover, the Summerside environment is literally infused with entrepreneurial thinking. Growth and development are continuously nurtured by dynamic networks of business and community leaders work- ing together. In Summerside, you never have to do it alone. THIS IS THE LIFE / SUMMERSIDE, PEI SUMMERSIDE REALLY ADDS UP ENVIABLE LIFESTYLE • Live more affordably with average house prices in the range of $175,000 • Drive to work in 5 minutes – the average commute time in Summerside • Relax in a safe community with crime rates among the lowest in Canada • Swim and sail from an unspoiled waterfront and beautiful beaches • Thrill to horse races at the Summerside Raceway • Try your luck on the gaming floor at the Red Shores Casino • Learn at great institutions from grade 1 to college and university • Access to excellent new hospital 6 THIS IS THE LIFE / SUMMERSIDE, PEI KEY LOCATION FOR BUSINESS • Canada’s East Coast, accessible to North East U.S. and Western Europe • 24-hour development cycle between Europe, North America and Asia LOWERED STABILIZED COSTS • Low-cost operating environment per KPMG international rankings • Interest-free loans, tax rebates and over 100 incentive options EMPOWERING INFRASTRUCTURE • High-speed fibre, smart grid technology and sustainable energy programs • City-owned electric utility with 99% approval rating • Atlantic seaport and developed waterfront facilities • Fully serviced airport • $35 million multi-purpose sports and entertainment complex • Move-in-ready office and industrial space RELIABLE LABOUR FORCE • Cited as one of the most productive and profitable by multinational partners • Average job tenure 9 years • Worker days lost lowest in Canada • Custom training programs partnered through educational institutions and businesses PARTNERSHIP FOR YOUR SUCCESS • Assistance in reducing development time frames for new product introduction • A North American wide network of key contacts to grow your business • Understanding of the nuances of doing business in North America • A track record of success with foreign direct investment 7 THIS IS THE LIFE / SUMMERSIDE, PEI THE BENEFITS JUST KEEP ON COMING GOVERNMENT SUPPORT Economic incentives include: • Access to standard innovation tax and labour rebate programs • Additional discounts on cost of doing business: labour/rents/taxes/energy/permits LABOUR Rebates to help in your first year of operation • 25% labour rebate for 1 year’s salary on every net new employee RENTALS Financial assistance in helping establish your operations • Year 1 can provide up to $200 per month or $2,400 annually • Year 2 can provide up to $6.00 per square foot FINANCIAL TOOLS In addition to labour and rental programs, PEI companies also have access to a suite of tools that assist R&D, product enrich- ment and specialized capital financing — both public and private – for assistance in the growth of your operations. CAPITAL Key support for leasehold fit-ups: • Up to 25% on a max spend of $40,000 or a $10,000 grant for office leaseholds (computers/chairs etc.) • Up to 40% on a max spend of $40,000 or a $16,000 grant for marketing PARTNERSHIP The City of Summerside provides opportunities for pilot projects and test beds through access to infrastructure, investment and contracts. Through our Living Lab program for firms in qualifying industries, the City makes its power grid and fibre network available, creating incredible economic value 8 THIS IS THE LIFE / SUMMERSIDE, PEI KEY LOCATION + LOWERED COSTS + EMPOWERING INFRASTRUCTURE + RELIABLE LABOUR + GOVERNMENT SUPPORT = INVESTMENT SUCCESS SPEED The City of Summerside represents a true entrepreneurial environment with low bureaucracy and systems to eliminate or cut through red tape. Assigned economic development professionals serve as concierges for prospects and efficient building capability provides significant cost advantages. LOGISTICS Summerside has easy access to all PEI ports, airports, highways and Confederation Bridge to the mainland. Moving goods and people around in Summerside is a breeze. 9 THIS IS THE LIFE / SUMMERSIDE, PEI THE MANUFACTURING SECTOR IN SUMMERSIDE GOVERNMENT SUPPORT The manufacturing sector is one of the largest sectors in Summerside and the highest private sector employer. Businesses cover a wide and diverse range of industries including food processing, marine technologies, fabricated metal, aerospace, dairy and agriculture. This sector is also one of the fastest growing, offering multiple employment and business opportunities. WE ARE SEEKING • Precision machining in aerospace, food processing and agriculture industries • Environmental industry including technologies in the distributed energy and efficiency arena • Building materials including next generation efficiency materials and design THE IT SECTOR IN SUMMERSIDE The City of Summerside is well known for its strong sense of community, open-for- business mindset and entrepreneurial spirit, with innovation ambitions at the forefront of activity. Our Information Communications Technology (ICT) sector has become a major contributor to the strong economic growth taking place in Summerside and Prince Edward Island. Summerside’s sound business fundamentals and progressive vision offer ICT companies a well-developed infrastructure, access to capital and sector-specific training institutions, and a quality of place unmatched by other jurisdictions. In recent years, Summerside’s ICT sector has seen an emerging focus on e-health software development, client servicing and support, and testing laboratories to support advancement in the health field. 10 THIS IS THE LIFE / SUMMERSIDE, PEI OUR ICT SECTOR CAN BE CATEGORIZED INTO THREE MAIN STREAMS OF BUSINESS: Development & Testing Software and specialized application producers, built-in software Direct Services Development and maintenance of applications, consulting, outsourcing, network and telecom infrastructure integration and management Enabled Services Call centres, data support centres, telemarketing, business centres, online purchases administration Summerside and Prince Edward Island are pursuing IT companies to join a world-class cluster in the City of Summerside. It is our belief that companies in this industry thrive when given the opportunity to collaborate with peers, share training costs and work together to influence government policy and incentive programs. 11 THIS IS THE LIFE / SUMMERSIDE, PEI WE ARE SEEKING • Small to medium-sized niche firms with a focus on development or support • Companies seeking a prime test-bed for products as part of their R&D • Firms seeking an environment where like-minded companies can collaborate and innovate • Companies with smaller workforce requirements who will benefit fromthe unparalleled loyalty and work ethic of Prince Edward Islanders • Firms seeking a state-of-the-art smart building developed with green principles and the infrastructure required by the IT industry • Companies that see meaningful