Business to get shot in arm with BioCommons Park
TERESA WRIGHT
The Guardian
The P.E.I. government has confirmed it will soon break ground on the long-awaited
$30-million BioCommons Research Park.
As part of Thursday’s slew of infrastructure announcements, just under $3 million in funding from the federal and provincial governments was dedicated for the BioCommons Park.
This is not nearly enough to finish the project, but enough to get it started. On Friday, government officials told The Guardian construction on the park will soon be getting underway, with further details to be announced soon.
The big question mark has been the location — as of now, no one is quite sure where it will go. It is widely expected the park will be located near UPEI.
But details about this megaproject have been delayed for many months. Government has long been promising to release details of the project since it was first announced last year.
Treasurer Wes Sheridan recently said in his budget address the location would be announced during the spring sitting of the legislature, but that did not happen.
Premier Robert Ghiz was unavailable for comment Friday, but he did say in the legislature recently the delay has been in trying to strike a deal to purchase the land.
“We’re ready to make our announcement,” Ghiz said last month in the legislature.
“We’re in the process of finalizing a land acquisition right now.”
Officials in the premier’s office told The Guardian Friday final negotiations are almost complete and a detailed announcement on the plans, finances and work schedule will be announced “in the near future.”
Initially announced as a cornerstone of its ‘Island Prosperity Strategy,’ government has described the BioCommons as the Slemon Park of the bioscience sector, acting as an anchor for the research and business hub.
Plans for the facility indicated it would provide turnkey incubation facilities for private-sector firms wanting to commercialize their ideas.
Ghiz said there are currently 27 bioscience companies in the province employing over 1,000 people.
Once the BioCommons finally breaks ground, the number of job opportunities is expected to rise. It is expected to make up for the capital city’s loss of over 150 jobs through the relocation of the Department of Education to Summerside and the Department of Fisheries to Montague.
“I believe (the BioCommons) will add numerous jobs to our bioscience sector here in the province of Prince Edward Island over the next number of years so that we can create long-term sustainable year-round jobs here,” Ghiz said in the legislature.