Small business is Big Business on PEI
For more details
Small Business Profile
An Overview of Prince Edward Island’s SMEs
Did you know that 97.7% of businesses on Prince Edward Island have fewer than 50 employees? Or that self-employment on the Island grew last year? The Small Business Profile: An Overview of PEI's Small and Mid-Sized Enterprises (SMEs) is designed to answer these common questions about the Island business community - and how it's changing.
Some key facts from the report:
97.4%: The percentage of businesses on PEI considered small and medium
10,200: The number of self-employed individuals which has grown over the years and represents a significant percentage of total employment in our province;
$500,000: Ceiling for revenue earned by most SMEs;
33%: The percentage of total workers on PEI that small firms with fewer than 50 employees employ;
50%: 5-year survival rate for SMEs in most sectors;
800: The number of jobs created in the self-employed sector in 2008-09.
For more details on the Island's largest employer, click on the full document.
