Budget breakdown: Where are provinces and territories investing in tech and innovation?

Posted on April 25, 2021 by Design in Design Innovation | 0 Comments

Prince Edward Island

The province tabled its budget 2021-22 on March 12, outlining $2.5 billion in spending for programs to assist Islanders, businesses, and industry recover from COVID-19. With revenues forecasted at $2.4 billion and planned spending of $2.5 billion, the province expects a deficit of approximately $112 million.

It’s also making the following investments in tech:

On April 1, Prince Edward Island announced the new Innovation PEI program to support Island businesses, including an innovation fund to assist businesses in bringing a new product, service, or process to market. The fund provides up to 50 per cent of eligible costs to a maximum of $50,000 in assistance per approved project.

The government says it’s making these investments to increase the ease, efficiency, and transparency with which Yukoners access services and agencies deliver services. In 2021–22, this includes health systems expansion and the Dempster Fibre project.