Created and capitalized by the Province of British Columbia in 2006, the Island Coastal Economic Trust (ICET) has been at the forefront of economic diversification, planning and regional revitalization in the Vancouver Island and Sunshine Coast region for the past twelve years.

ICET is independently governed by a Board of Directors and two Regional Advisory Committees which include more than 50 locally elected officials, MLAs and appointees from the Island and Coast. This exceptional team of leaders collaborate to set regional priorities and build vital multi-regional networks.

Through a community centered decision-making process, funding is invested in a wide range of economic development and community building initiatives. 

To date, over $50 million in funding has been approved to support more than 180 economic infrastructure and economic development readiness projects.  These investments have leveraged over $270 million in new investment into the region creating more than 2500 construction phase jobs and 2600 long term permanent jobs.

In early 2018, the Province of British Columbia provided the Island Coastal Economic Trust with a new funding infusion of $10 million to pursue its work in the region and support the development of a robust technology and innovation sector.

The specific region where the Trust may invest is defined on the map

2,500
person years employment created (construction phase)
50
locally elected officials and MLAs working together
$10.4
million annual provincial government revenue generated
2,600
post completion jobs created
$4.6
dollars leveraged for every ICET dollar invested
$230
million leveraged into the region
$49.1
million disbursed
$50.9
million committed
185
economic development projects
150
projects completed
36%
projects in small (less than 5,000) communities
50+
communities with ICET projects

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