Innovation and Development Labour Rebate Program

The PEI Labour Rebate supports Island businesses in Prince Edward Island that create new jobs linked to development, expansion, and commercialization of export products, processes, and services. Eligible businesses must operate in specific strategic sectors and meet other criteria such as having no defaulted debt obligations.

• Business must be located in Prince Edward Island and registered to conduct business there.
• Manufactures, processes, or develops goods or services primarily for export.
• Operates within one of these strategic sectors: bioscience, aerospace and defence, advanced manufacturing and processing, renewable energy and clean technology, information and communications technology, creative and cultural industries, or first-of-its-kind exportable goods or services in other sectors.
• Not having a defaulted outstanding debt obligation on file in the Province’s Central Default Registry.
• New project submissions should not be in default on any reporting, project completion, or financial obligation to Innovation PEI.

Who is eligible?

The PEI Labour Rebate is available to businesses located in Prince Edward Island that are registered and actively operating. These businesses should primarily manufacture, process, or develop goods or services for export, and operate within specific strategic sectors or offer unique exportable goods or services.

• Bioscience
• Aerospace and defence
• Advanced manufacturing and processing
• Renewable energy and clean technology
• Information and communications technology
• Creative and cultural industries
• First-of-its-kind exportable goods or services (other sectors may be considered)

Eligible expenses

Projects are expected to be short term; the PLR is applied to a maximum of one year of eligible labour expenses. The project may exceed one year, but only one year’s expenditures will be used to calculate the PLR.

• Salaries and wages paid to PEI residents for incremental, full-time positions (1850 hours)
• Each position must have a gross wage of at least $35,000 per annum
• Businesses may be eligible for partial payments over several years (maximum ten years)

Yes, there are evaluation and selection criteria for this grant. Applications are reviewed on a first-come, first-serve basis and are assessed using specific evaluation considerations.

• Potential for long-term viability
• Degree of innovation
• Qualifications and track records of managers
• Market potential
• Availability of program funds
• Employment creation
• Level of assistance from other government supports offered or available
• Economic benefit to the province of Prince Edward Island

The PEI Labour Rebate program has specific application requirements and performance monitoring guidelines.

• An application must be submitted before any financial or legal commitment is made on the project.
• Innovation PEI encourages potential applicants to consult with an Innovation PEI Business Development Officer for guidance on the suitability of the project and the application process.
• If the application is approved, a letter of offer stating the terms and conditions of approval will be forwarded to the applicant or corporate contact, which will constitute a contract upon acceptance.
• Innovation PEI reserves the right to deny a grant application or request for payment if it suspects or detects fraudulent intent.