The County is now home to over 100 professional, knowledge-based service firms with over 80% located in Picton
Our increasingly diversified local economy is largely characterized by small companies and enterprises that employ fewer than 10 people. In 2012, excluding the businesses consisting of the self-employed, themselves small enterprises, there were over 470 businesses in The County that employ 1-4 people. In addition, a further 163 businesses that employ 5-9 people, almost 70% of all businesses.
The community recognizes the importance of small and medium size businesses to the local economy. We work together with regional, provincial and national partners to support the growth of professional service firms and knowledge-based businesses. One example is the recent improvement to local broadband infrastructure.
Professional services, agriculture and tourism all figure prominently in the area, with innovative light manufacturing, information technology and food processing businesses growing in both economic and employment significance. The growth of viticulture and the wine producing industry, exponential interest in the local food movement and the development of a strong and growing agri-tourism sector has made Prince Edward County a primary tourism destination now and for years to come.
Prince Edward County is home to a labour force of 11,890 people. In addition to the full time residents, labour can be drawn from a 40-50km radius around the region. Over 100,000 strong, this labour force represents a population base of more than 200,000 skilled and unskilled, motivated residents.
As of 2012, the largest occupational category, as measured by employed workers over the age of 15, was sales and service occupations. This is followed by occupations in trades, transport and equipment operators and related fields.
• Seniors Sector – Businesses and industries that support the growing population of senior citizens are flourishing in Prince Edward County and are poised for continued growth in the years to come. Housing, services and businesses that support this group represent a substantial opportunity for business.
• Agriculture and Agri-food Products – The area has a strong agriculture base and increasingly new business ventures are based on the popular local food movement, the burgeoning wine, brewing and distilling industries and enterprises specializing in agriculture and agri-food products.
The increasing global demand for Canadian food products and the Premier of Ontario’s challenge to double the sector’s exports by 2020 has created an opportunity for business ventures with significant growth potential.