Please remember to stay smart and follow the guidelines put in place.
RENEW PEI TOGETHER

Phase 2 - May 22
Phase 3 - June 1
REMINDER TO COMPLETE YOUR OPERATIONAL PLAN and have it accessible at all business locations.
PROVINCIAL UPDATE
Premier King announces Renew PEI: Council for Recovery and Growth
Premier King announced today a team of skilled, innovative thinkers to help lead the effort to establish a plan for recovery and growth potential for Prince Edward Island over the next one, two, five and ten years. 

The Council for Recovery and Growth, consisting of twenty-eight Islanders from various backgrounds and organizations, will engage Islanders and organizations in creating a plan to harness growth and build opportunity.

More details HERE
Public consultation on PEI’s energy legislation moving forward
The Government of Prince Edward Island is reviewing energy legislation and is inviting Islanders, businesses, communities and energy partners to provide their feedback starting today. 

Government will be accepting detailed written submissions from energy partners and Islanders until end of business day on Monday, June 8. With COVID-19 public health restrictions in mind, virtual public consultations will also be arranged for the middle of June. Further details will be provided. 

More details HERE
Case Team Project
On Friday, May 15, Premier Dennis King announced the upcoming launch of a Case Team Program for the summer of 2020.  The program will bring together teams of multi-disciplinary post-secondary students to solve real problems brought forward by government departments and agencies, private businesses and non-profit organizations. 
This program presents a unique opportunity for you to take advantage of the wealth of knowledge, experience and talent these students can bring to your organization.  
We invite you to submit a problem that your organization is facing. You may be encountering new challenges as we move towards the “new normal”, and you will undoubtedly benefit greatly from a team working for you, researching industry trends and best practices and developing evidence-based solutions.  We anticipate the problems presented will range in complexity, and could include (but are not limited to) those involving marketing, human resources, operations, or strategy.

Your commitment
You will need to have a representative of your organization available to meet with your case team regularly during the two-week period assigned to your organization.  This person should be a member of your professional staff who can provide guidance and feedback.  At the end of the two weeks, your case team will present to you its findings and recommendations in the form of a professional report and oral presentation; and in return, you will provide them with an evaluation of this presentation. 

What you will gain
Students will: 
Ø    Collect information about the your organization through a variety of methods
Ø    Critically analyze your organization and the problem
Ø    Identify and help articulate your needs
Ø    Research best practices and industry trends
Ø    Formulate recommendations and solutions with attention to your specific needs, capabilities and limitations
Ø    Have access to a Case Team Coordinator, who will be available to provide advice and guidance to the team

When is deadline to apply?
Organizations must submit their applications on or  before May 27, 2020.

How to apply:

For further information, please contact Lynn Trainor at 902-213-1580.
Canada Emergency Commercial Rent Assistance now open for applications
The Prime Minister announced today  that  applications are now being accepted  for Canada Emergency Commercial Rent Assistance (CECRA) for small businesses. Over the course of the program, property owners will reduce rent by at least 75 per cent for the months of April and May (retroactive), and June, for their small business tenants. 
 
Applying for CECRA makes financial sense for property owners, as their success depends on the success of their tenants. 
Canadian Chamber and the Government of Canada team up with accounting profession to provide free advice to small to medium-sized business, not-for-profits and charities to navigate uncertainty
Small to medium-sized businesses, not-for-profit organizations and charities will now have direct access to a network of qualified business advisors to help guide them courtesy of a new, government-funded program from the Canadian Chamber of Commerce.
The program, called the  Business Resilience Service  (BRS), is run through the Canadian Chamber’s  Canadian Business Resilience Network  in collaboration with  EY  and with support from  Chartered Professional Accountants of Canada (CPA Canada)  and  Imagine Canada . The BRS will provide options for any vulnerable small to medium-sized business, not-for-profit or charity to immediately connect with experienced accounting and tax professionals across the country from professional services firms. The program, delivered to organizations free of charge, will:
·         Provide guidance on program options and eligibility
·         Rapidly direct businesses – including enterprises involving Indigenous peoples, women and diverse groups – to the most appropriate support organizations
·         Help organizations make decisions to support recovery plans
·         Provide real time insights and feedback to policymakers

The BRS program, coordinated by EY, will be provided for four weeks from Monday, May 25, and will involve support from approximately 125 business advisors from across the accounting profession. Organizations can access the BRS seven days a week by calling 1-866-989-1080.
OTHER ITEMS OF INTEREST
PEI CBDCs Set to Deliver the Regional Relief and Recovery Fund

On May 25th, 2020, rural Island businesses and non-profits will be able to apply to the Regional Relief and Recovery Fund (RRRF) through the Community Business Development Corporations’ (CBDCs) online web portal at cbdc.ca.

Read Full Release HERE
ADDITIONAL RESOURCES: