Charlottetown, PE, April 16, 2014 -- While its tag line may be ‘Next Generation Prosperity’, an economic analysis of the PEI Bioscience Cluster suggests that this relatively new economic sector is already having a profound impact on the Island’s economy.
The report, released today by the Prince Edward Island BioAlliance, was carried out by David Campbell of Jupia Consultants, a New Brunswick-based economic development planning and research firm, with funding provided by the Government of Canada.
The report confirms that the bioscience sector has become an important growth engine for the PEI economy, with an average increase in economic output of 33% per year since 2006, reaching $188.3 million in industry output in 2012.
Image: http://www.peibioalliance.com/
