||Prince Edward Island was built on
the primary industries of agriculture, fishing, and
forestry. Islanders owe their economic health and
cultural heritage to these fundamental activities that
still form the backbone of the provinces economy.
However, as important as these traditional activities may
be, Prince Edward Island is also taking an active role in
the changing global economy. Manufacturing is a small but
vital part of the Island economy and high technology
industries such as aerospace and information technologies
are becoming increasingly important. Industrial
advancements in such areas as medicine, electronics,
aviation, farm machinery, and metal fabrication are also
pursued on the Island.
Numerous small Island-owned-and-operated companies produce a multitude of high-quality manufactured goods that are purchased locally and exported around the world.
Fresh roasted coffee, wholesome bread topped with Island butter and preserves, with some cheese on the side, Island bacon and a heaping plate of home fries: its a delicious breakfast comprised entirely of foods produced by Island companies.
An exciting industry is emerging in Slemon Park, the former site of the Canadian Armed Forces Base north of Summerside. Companies at the aerospace centre are providing services and products for aviation and aerospace markets regionally and internationally.
Prince Edward Islands economy, like economies around the world, is increasingly shifting toward services and knowledge-based activities. The emergence of computer and telecommunications technologies has opened a treasure-trove of business possibilities.
There was a time, in the olden days, when Island stories were shared among family members around the kitchen table or in front of the wood stove. Today, Canadians are hearing and seeing Island stories from the comfort of their own living rooms via the magic of television.