Aerospace

The Aerospace sector is one of the fastest growing sectors on Prince Edward Island, and represents over 20% of total provincial exports. Some of the most world renowned companies call Summerside home – Atlantic Turbines International, Honeywell, Wiebel Aerospace, Testori Americas, Tronosjet Canada Inc and MDS-PRAD Technologies.

Slemon Park Aerospace … An Attractive Location

Prince Edward Island has created an attractive environment for the aerospace cluster focusing primarily on the regional aircraft market, but also the helicopter, mass-transit and other related industries and the concentration of leaders at Slemon Park Aerospace Centre are leading the way.

The creation of an attractive business climate by the Federal and Provincial governments through the formation of a tax free zone for aerospace companies who locate to Slemon Park is one key site selection advantage of Slemon Park.

The incentive program includes an annual 100% rebate of Provincial Sales, Income Tax and Property Tax until the year 2012. Other attractive site selection advantages include:

• Low operating costsl
• Workforce
• Very competitive and flexible lease rates
• Private operational airport
• Hangar facilities for repair and overhaul, aircraft modification or research and development activities

Slemon Park is fully integrated and in partnership with the Province of Prince Edward Island and the Government of Canada, Slemon Park is home to the Aerospace Technology Centre, a 54,000 sq. ft. state-of-the-art training facility operated by Holland College.

Holland College’s courses are directed to meeting both the current and future needs of the aerospace industry. Its aircraft gas turbine engine repair and overhaul course is accredited by the Canadian Aviation Maintenance Council and its aircraft maintenance technology course has received Transport Canada approval.

By strategically locating this facility in Slemon Park, students receive on-the-job training as well as classroom instruction and have access to both full-time and part-time employment opportunities. Some of the courses offered through the school include Aircraft Maintenance Technician, Aircraft Gas Turbine Engine Repair and Overhaul Technology, Aircraft Gas Turbine Engine Repair and Overhaul Technician, Aircraft Structural Repair Technician, Industrial Electrical Technician (IET) or Electrical Construction Wiring, Electromechanical Technician, and HVAC Technician.

Slemon Aerospace Park

Summerside boasts the unique offering of Slemon Aerospace Park - a premier business centre which features 600 hectares of prime industrial property, more than 50,000 square metres of state-of-the-art manufacturing and hangar facilities, and its own privately operated airport with an 8,000 foot runway.

Some of the most recognizable names and leaders in the industry today have chosen Summerside and call Slemon Aerospace Park home:

• Honeywell
• Atlantic Turbines International
• Wiebel Aerospace
• Testori Americas Corporation
• Tronos
• MDS-PRAD Technologies

Slemon Park has also incorporated facilities and amenities to lower your total operating costs, increase access to training, and foster productivity in an inviting and convenient environment:

Training

Slemon Park is the only aerospace business park in Canada to have an on-site training facility. Holland College’s Aerospace Technology Centre is one of Canada’s leaders in industry training and development. Programs are completely
customizable to meet your needs and as there is a critical training mass on-site, there is an opportunity for costs to be shared, thus lowering your bottom line.

Amenities

There is also a restaurant, offering the best in local cuisine and catering options, and comfortable accommodations available on-site.


Summerside: A community poised for growth

Summerside is a community striding confidently into the future. Though in relative terms it may be small in size, it is home to big ideas, big opportunities, and big experiences.

As the Island’s second largest and fastest growing city, Summerside offers diverse career and exciting business opportunities.
Factor in world-class recreational facilities, affordable living in beautiful surroundings, and its abundance of services and you will begin to see why Summerside is a superior community in which to live, work, and play!

Opportunity Knocks

Summerside provides companies with a competitive business environment where key location sensitive costs such as real estate and labour are significantly lower than most North American markets.

Summerside’s proposition for business development includes:

• Central PEI location with a trade area population of 45,000 – 35% of the Island marketshare
• Proximity to larger markets – Summerside’s strong infrastructure network connects business to a market in excess of 22 million people all within a day’s drive
• Transportation links – international airport, deep water port, and proximity to Confederation Bridge (20 minutes)
• Skilled, dedicated & available workforce – demonstrated capacity for attracting and retaining core talent
• Tax Free Zones, Tailored Incentive Packages, Research & Development Clusters for specific sectors
• High quality of life for employees

All levels of government have recognized the importance of business and human resource investment. They have collaborated to offer tax incentives and tailored financial solutions to our business and industry partner’s needs.

A Less Taxing Environment:

• Federal Corporate Tax Rate 22.12%
• Provincial Corporate Tax Rate (Manufacturing and Small Business) 7.5%
• Provincial Corporate Tax Rate (other Business) 16%
• Provincial Commercial Property Tax Rate $1.50 per $100 of Assessment
• Municipal Commercial Property Tax Rate $1.92 per $100 of Assessment
• Average Industrial Land Price $12,000/acre
• A full annual rebate on all provincial taxes for aviation–related business operating in Slemon Park
• 10 year tax rebate program for export-focused manufacturers or value added service providers
• 35% Scientific research and investment tax credit
• 10% Manufacturing equipment and machinery tax credit

Summerside by the Numbers

Population

City of Summerside 14,500
Prince County 44,499
Province 138,519

Labour Force

Summerside Labour Force – 11,400 ( July 2007)
Prince Edward Island Labour Force – 76,900 ( July 2007)
Unemployment Rate – 10.5% ( July 2007)

Business Profiles

Sometimes the story of a great city is best told by the businesses that establish in them and by the people who call it home. Here’s some of our growing and dynamic companies that call Summerside Home:

Atlantic Turbines
Holland College
MDS PRAD Technologies
Testori Americas Corporation
Weibel Aerospace
Slemon Park Corporation

Related downloads:
Aerospace Industry
PEI Aerospace Industry

To Learn More About this exciting industry click here!

PDF files require Adobe Acrobat Reader to open. To download a free version of Adobe, Click Here