Overview

The traditional backbone of the island economy is farming (producing 25% of Canada's potatoes), but increasingly PEI’s economic diversification is opening opportunities in aerospace, bioscience, IT, and renewable energy.

Charlottetown itself is home to the BioAlliance, a private-sector-led not-for-profit organization that fosters a multi-stakeholder collaboration for the growth and development of the bioscience sector in PEI.

Since 2005, the PEI Bioscience Cluster has more than tripled in size, showing a marked increase in private and public-sector investments. Recent investments in the cluster include a $16.4 investment in MicorSintesis, an animal-health company in 2019.

BioAlliance also includes the Emergence Bioscience Business Incubator, a virtual incubator that supports the formation and growth of innovative bioscience and food-sector ventures.

Provincial population (2019): 158,000
Gross Domestic Product (GDP): $7.0 billion
ICT NOCs salary average: $61,462
Size of ICT NOCs workforce: ~ 3,300
Share of National ICT NOCs workforce: 0.3%
ICT demand growth forecast (year-over-year, pre COVID-19): 0.2%

ICT Job Data

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