Type of Intervention: Financial and Economic
Sectors Involved: Supply Chains, Tourism
Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: Prince Edward Island
Lead People/Agency: Premier Dennis King and Minister of Agriculture and Land Bloyce Thompson
Overview: The Province of Prince Edward Island announced initial supports for the Island’s tourism industry in response to the COVID-19 public health emergency. Initiatives include new financing options, interest relief, and additional funding for marketing. In total, up to $66 million in support will be provided to meet the immediate needs of the tourism industry.
Minister of Agriculture and Land Bloyce Thompson announced the expansion of the successful Island Producers Helping Producers initiative to support rural Islanders in need.
Full details here: https://www.princeedwardisland.ca/en/news/province-announces-supports-for-tourism-industry-expansion-of-island-producers-initiative
Type of Justification: Mitigate economic impact of COVID-19
Evidence/Justification: “This time of year is typically a busy one for our tourism operators as they would be preparing to showcase our Island’s culture and hospitality to millions of travelers but this year is anything but normal as we deal with the world-wide economic downturn due to COVID-19. Our government has been working with our tourism industry to address the immediate needs, develop short-term strategies to adapt and determine long-term plans to ensure Prince Edward Island’s reputation as a top tourist destination can be maintained going forward.”
– Premier Dennis King