June 15, 2022

Central Development Corporation holds AGM at the Boxcar Pub & Grill, Emerald, PEI

The Board of Directors, Staff and guests came together on Wednesday June 15th at the Boxcar Pub & Grill in Emerald, PEI to celebrate an extremely busy year. Central Development Corporation managed over $$8 million in project dollars in 2021-2022 fiscal year including Community Capacity Fund, Young Millionaires and the Digital Acceleration Pilot Program.  Take a look at our Annual Report “Growing Forward Together” here Full Annual Report 2021-2022

Thane Smallwood, Chair of the Board welcomed all in attendance and carried the formal business section of the meeting through to completion approving the budget for 2022-2023, the Audited financial reports and slate of Directors for the 2022-2023 fiscal year.

Special guest speaker in attendance were Chloe Schurman & Family, “Chloe’s Designs” who discussed her business started with the help of the Young Millionaires Program, which CDC administers Island wide.

Board Members in attendance were Board Chair; Thane Smallwood,  Wayne Thompson, Kirk MacKinnon, Sharon Ross and Phyllis Carr. New slate of directors were approved for the 2022-2023 fiscal year were Wayne Thompson, Chair,  Kirk MacKinnon, Treasurer,  Matt MacFarlane, Secretary and Directors Sharon Ross, Kyle Glover, Ramona Roberts, Craig Harris and Dawn Sullivan.

Staff members included Barbara Weeks, Executive Director; Gay MacPherson, Office Manager, Accounting; Mary Gallant, Administrative Assistant and Roy Young, Maintenance Supervisor.

Ann Worth, Cushman and Wakefield presented a snapshot of the current Commercial Real Estate Market in PEI and a 2022 forecast from the Canadian Real Estate Association.

Thank you for the support of our local MLA’s in attendance; Brad Trivers Local Municipalities Kensington Mayor Rowan Casely and funding members from ACOA, Marilyn Murphy and Innovation PEI Steve Reamon.

Special presentations were given to retiring Board Members Thane Smallwood, Phyllis Carr and Austin Roberts.

June 30, 2021

Central Development Corporation holds AGM at the Grand Victorian, Victoria PEI

The Board of Directors, Staff and guests came together on Thursday June 24^th at the beautiful Grand Victorian in Victoria, PEI to celebrate an extremely busy year. Central Development Corporation managed over $1.6 million in project dollars in 2020-2021 fiscal year including Covid Relief Funds for the Tourism Industry. Add to that the $350k in Business Development & Entrepreneurship project dollars for a total of $2.1 million development dollars across PEI in 2020-21.  Take a look at our Annual Report “A Year of Accomplishments” here CDC-Annual-Report-2020-2021.pdf (centraldevelopmentcorp.com).

Ann Worth, Chair of the Board welcomed all in attendance and carried the formal business section of the meeting through to completion approving the budget for 2021-2022, the Audited financial reports and slate of Directors for the 2021-2022 fiscal year.

Executive Director, Barbara Weeks presented the new Strategic Plan for 2021-2024 and newly launched website.  Please visit www.centraldevelopmentcorp.com for more information.

Special guest speakers in attendance were Jack Pickering & Lucan DesJardins, “Island Mail” who gave an entertaining presentation of the ups and down of owning a small business.  Jack & Lucas participated in the 2020 Young Millionaires Program, which CDC administers Island wide and are participating again this year with Island Mail 2.0! Check out their Facebook page at https://www.facebook.com/Island-Mail-103655861444068/ 

Board Members in attendance were Ann Worth, Board Chair; Thane Smallwood, Vice-Chair and Incoming Chair for 2021-2022, Wayne Thompson, Treasurer; Matthew MacFarlane, Secretary; and Directors Austin Roberts, Kyle Glover, Phyllis Carr.  Staff members included Barbara Weeks, Executive Director; Gay MacPherson, Office Manager, Accounting; Mary Gallant, Administrative Assistant and Roy Young, Maintenance Supervisor.

Thank you for the support of our local MLA’s in attendance; Jamie Fox, Peter Bevan-Baker & Heath MacDonald. Local Municipalities Kensington, Cornwall, Kinkora, Malpeque Bay and Partner organizations CBDC and the Malpeque Bay Credit Union thank you for attending! We look forward to working with you in the future. Thank you to our accountants Sharon O’Halloran and Sherry Mac Dougall who were in attendance, worked hard to meet deadlines and presented our financial reports this year.