ACOA announces $1M for new office space in Summerside

More than $1 million in federal and provincial funding is being used to convert a Summerside building from a retail space to an office space.

The federal government, through theAtlantic Canada Opportunities AgencyInnovative Communities Fund (ACOA), is contributing $990,000, with $28,000 coming from Innovation PEI forthe architectural and design costs for the retrofit.

"I am thrilled for our city and residents to be bringing this major announcement of growth and prosperity," said Summerside MayorBill Martin in a news release.

"We couldn't be making this huge investment without the support from our federal and provincial partners, ACOA and Innovation PEI, which will result in quality jobs and the refurbishing of a core building in our city."

The space at 54 Central Street will be leased by the City of Summerside.

Innovation PEI is also offeringbuilding tenant IO Solutionsa labour rebate of up to $810,359 for adding up to 100 positions to its business.