Newspaper article The Canadian Press

PEI-Business-Immigration

Newspaper article The Canadian Press

PEI-Business-Immigration

Article excerpt

CHARLOTTETOWN - Critics both on and off P-E-I are alleging the Island's business immigration program has serious flaws.

Local fitness studio operator Wendy Chappell says she's been watching a steady turnover of storefronts near the city's centre, and she's disappointed so few firms are sustainable or stay.

More than half of the roughly two hundred and sixty nine applicants for P-E-I provincial nominee ownership stream were supposed to create a business after providing the province a deposit of 150-thousand dollars.

But the government's figures show less than half ever opened their doors, while the government collected over 18 million dollars in revenues from withheld deposits in 2016-17.

The province says it's working on tighter screening of applicants and is pushing for more partnerships between the newcomers and a local business group that mentors them. …

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