$30K GRANT TO HELP TAHSIS TRANSITION LOCAL ECONOMY

Thursday, March 6, 2014

COURTENAY – Building on the success of their summer sport fishing season is on the agenda for the community of Tahsis, and a $30,000 grant from the Island Coastal Economic Trust will support the village as it develops a long-term economic development strategy.

The region’s traditionally resource-based economy is in transition, and the Village of Tahsis is taking proactive approach to revitalization.

“The closure of two sawmills in 2003 profoundly changed the economic and demographic profile of Tahsis,” said ICET Chair Phil Kent. “Helping Tahsis create a professional economic development strategy and action plan provides the community with the framework and tools to build on their strengths and bring new investment to the Village.”

The project will begin with a comprehensive analysis of demographics and current economic drivers including tourism. Workshops to engage stakeholders and the community will then be held to identify strategic opportunities.

The outcome will be a community-based, results-driven strategy to use the region’s unique strengths to promote economic growth and job creation.

“Transitioning from a primary resource economy has its challenges,” said Village of Tahsis Mayor Jude Schooner. “This is an extraordinary opportunity for our community to refocus and rally together to build a sustainable future.”

The project will begin this spring, with estimated completion in late summer.

The Village of Tahsis is a small community within the Strathcona Regional District. During the summer months, the village experiences a population increase from 315 to more than 2000, primarily due to sport fishing.

About the Island Coastal Economic Trust

The Island Coastal Economic Trust is a $50 million endowment established in 2006 by the Government of British Columbia to help diversify the economies of central and northern Vancouver Island and the Sunshine Coast. 

ICET is guided by a Board of Directors and two Regional Advisory Committees which include more than 50 locally elected officials and MLAs and five appointees.  This exceptional team of leaders collaborates to set regional priorities and build vital multi-regional networks. 

Through a community-centred decision-making process, ICET has approved $47 million for over 100 economic infrastructure and economic development readiness projects on the Island and Sunshine Coast since implementing its grant program in 2007.  ICET investments have leveraged over $260 million in incremental funding into the region.

A full overview of ICET can be found at www.islandcoastaltrust.ca

-end-

For further information:

Mayor Phil Kent, ICET Chair
City of Duncan
Tel. 250-709-0186
mayor@duncan.ca

Line Robert, CEO
Island Coastal Economic Trust
Tel. 250-871-7797 Extension 227               
line.robert@islandcoastaltrust.ca

Doug Chapman, CAO, CFO
Village of Tahsis
Tel: 250-934-6344
dchapman@villageoftahsis.com

 

ICET By The Numbers

2,500
person years employment created (construction phase)

ICET By The Numbers

50
locally elected officials and MLAs working together

ICET By The Numbers

$10.4
million annual provincial government revenue generated

ICET By The Numbers

3,650
post completion jobs created

ICET By The Numbers

$4.6
dollars leveraged for every ICET dollar invested

ICET By The Numbers

$236
million leveraged into the region

ICET By The Numbers

$50.5
million disbursed

ICET By The Numbers

$52.1
million committed

ICET By The Numbers

212
economic development projects

ICET By The Numbers

170
projects completed

ICET By The Numbers

36%
projects in small (less than 5,000) communities

ICET By The Numbers

50+
communities with ICET projects

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