The Economic Development Readiness Program provides funding to support economic development capacity building and investment readiness.  Funding can be used to access expertise or resources which are not available within the organization and to fund activities which are incremental to the organization’s day to day business and activities.

Projects must demonstrate:

  • Incrementality
  • Lasting benefits to the community/region
  • Broad based stakeholder engagement
  • Capacity to implement and sustain

The program is designed to provide support for local governments, Indigenous communities and organizations as they move along the economic development continuum. There are six focus areas. See complete EDRP program guidelines for further details.

  • Economic Development Strategy
  • Quick Start
  • Sectoral Planning
  • Technology Attraction of Connectivity Strategy
  • Investment Attraction Tools
  • Regional Marketing and Collaboration

Who can apply:

  • Local and Regional Governments
  • Indigenous Communities
  • Non-profit Societies
  • Industry Associations and Sectoral Organizations

Where projects can be located:

Applicant organizations may be located outside the Trust area, but must demonstrate that the project and its key benefits are in the ICET region.  This area includes the North Island and Sunshine Coast Region, and the Central South Island Region as indicated on the map.

Application process:

This process is designed to be time-sensitive and to provide applicants with a final decision within 60 days of receiving a complete application. Applicants must first contact ICET staff to discuss and validate their project idea, then complete a simple application form. The application will be reviewed and a final decision will be made by the Board of Directors at the next available meeting date.

Application intake:

  • Continuous

 Application Form & Guidelines

 

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

2018-19 Annual Report

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