Summerside’s aerospace industry continues to reach new heights, contributing to Prince Edward Island’s diverse economy. Some of the best-known names in aerospace have chosen Prince Edward Island. Honeywell Engines Systems and Services, Airbus – Vector Aerospace, MDS Coating Technologies Corporation, Testori, TubeFab Inc., and Tronos Canada Inc. all have operations in Summerside.
Prince Edward Island provides a very competitive business case with savings between 5–20% depending on industry segment; access to a ready, willing, and able workforce; and some very specific and unique aerospace infrastructure (airport, hangars, and services). Home for more than 20 years to Honeywell
and Airbus centres for Maintenance, Repair and Overhaul (MRO) operations.
Slemon Park is the provincial focal point for the aerospace industry in the Province of Prince Edward Island. Slemon Park is home to 20% of the manufacturing industry in the province. With a future focus on further development of the Maintenance, Repair and Overhaul (MRO), Tier 2&3 manufacturing, and aviation-related training industry subsectors.
A Tax Rebate Incentive Program for all eligible aviation-related companies provides a full rebate annually on all corporate income tax paid to the province for operations conducted at Slemon Park. There is also a full rebate annually of all real property tax attributable to ownership or rental of facilities at Slemon Park in Summerside.
Summerside Aerospace is still continuing to source opportunities.
Let’s be partners!
Summerside’s Slemon Park is uniquely positioned to facilitate turnkey solutions for Maintenance, Repair and Overhaul (MRO) — component, airframe, engine accessories, etc.; propeller/rotor blade shop; avionics as a primary target, in all facets of aerospace including the fixed-wing and helicopter aviation sector.
Summerside’s information communications technology (ICT) sector has become a major contributor to the strong economic growth taking place in Summerside and Prince Edward Island. In recent years, Summerside’s ICT sector has seen an emerging focus on e-health software development, client service, and support and testing laboratories to foster advancements in the industry.
But we are still looking to grow the industry, specifically:
– 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, but who will benefit from the unparalleled loyalty and work ethic of Islanders
– Companies seeking a state-of-the-art smart building developed with green principles and the infrastructure required by the IT industry
– Firms that will realize meaningful benefits from the aggressive incentives and competitive costs offered in Prince Edward Island.
KPMG continues to identify Prince Edward Island as one of the most competitive locations for doing business, and is recognized as one of the lowest cost location in North America.
The information communication technology sector has contributed significantly to the Island economy and is responsible for significant job growth in recent years.
GDP contribution increased over 60% faster than overall GDP on Prince Edward Island from 2009 – 2013 and the sector now contributes an estimated $178.6 million worth of direct GDP or about 3.5 % of total provincial GDP.
Summerside Green – Creating business Opportunities through Innovation