The future of the island’s two regional development corporations is uncertain after the province announced it will take steps to assume total control of the organizations.
A government-commissioned review of the Charlottetown Area Development Corporation and Summerside Regional Development Corporation recommends a renewed mandate with clear goals of economic growth.
Premier Wade MacLauchlan says that “as a result of this review, provincial officials will explore a process to have the shares of SRDC and CRDC consolidated under provincial ownership.