The recent selection of the PEI BioAlliance as a bioscience incubator is a testament to how far the industry has come in the province.
PEI has always had a large seasonal component to its economy – the three major industries are agriculture, fishing and tourism and they are obviously seasonal in nature. There is plenty of work in July, but January is obviously much tougher.
Successive governments, regardless of their political stripe, have tried to diversify and create more year-round jobs. Next to creating an aerospace sector at a former Air Force base, bioscience is one of their major successes. The industry has developed in tandem with a major expansion in research at the Island’s only university.
Image: Free Digital Photos
