Cornwall, APM work together in project

Town and development company work together in new development project

Cornwall -- Jack Kelly, Mayor of the Town of Cornwall and Tim Banks, President of APM today announced the sale of a 50% interest in the Cornwall Business Park to Island development company, APM.

The Cornwall Business Park was created by the Town of Cornwall to foster the growth of the business community in the Town. It consists of approximately 50 acres of full serviced land strategically located on the Trans Canada Highway.

“We are very excited to be partnering with APM,” said Mayor Kelly. “We are confident in APM’s capability to move the Cornwall Business Park forward which will lead to further investments, jobs and opportunities in our community and ultimately a stronger tax base for our residents.”

Mr. Banks indicated that he is eager to start aggressively marketing the Park and says he will be able to announce the first new tenants in a matter of days.

“Small and medium-sized businesses face many challenges whether starting a new company or trying to expand an existing one,” he said. “The Cornwall Business Park is a wonderful asset for small business due to the fact that land acquisition can be tailored to a particular company’s needs which is significant in reducing start up costs or expansion costs.”

In addition to acquiring an interest in the development, APM will provide assistance to businesses in accessing programs such as ACOA or PEI Business Development funding.

Mr. Banks stated: “The role APM intends to play is that of facilitator. We want to work with small and medium-sized businesses to create a cluster of activity that will be a significant advantage to businesses within the Park as well as being an economic engine for the Town of Cornwall.”

For further information please contact Heather Joudrie or Brian Gillis at 902-569-8400.