Wednesday, May 17, 2017

COURTENAY –The Island Coastal Economic Trust will be providing the Gabriola Chamber of Commerce with up to $6000 to support the development a new economic development strategy.

“The project is being funded through the ICET Economic Development Readiness Program designed to help communities build a foundation for economic growth and investment,” said ICET Chair Phil Kent.  “This project presents a great opportunity for Gabriola to develop the critical building blocks to strengthen the entrepreneurial ecosystem that exists on the island.”

The project will involve several stakeholder sessions to gather input, review previous work and reports, and set goals for future direction. Defining and developing vision, mission, strategic priorities, governance models, and resources will be key activities.

“At the conclusion of this project, we’ll have a guiding document that is formed by Gabriola Islanders themselves,” said Gloria Hatfield, Chamber President. “When it comes to decision-making about a community’s economic future, local stakeholders need to be engaged to ensure a plan that helps the Gabriolan business community thrive while protecting the wonderful character and nature that is our island.”

Deliverables include a three-year strategic plan with priorities, action plans, and resource allocation to support economic development on Gabriola Island.

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 $48 million for over 130 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 $270 million in incremental funding into the region.

A full overview of ICET can be found at


For further information:

Line Robert, CEO
Island Coastal Economic Trust
Tel. 250-871-7797 (Ext. 227)

Mayor Phil Kent, ICET Chair
City of Duncan 
Tel. 250-709-0186

Gloria Hatfield, President
Gabriola Island Chamber of Commerce
Tel. 250-247-8931

person years employment created (construction phase)
locally elected officials and MLAs working together
million annual provincial government revenue generated
post completion jobs created
dollars leveraged for every ICET dollar invested
million leveraged into the region
million disbursed
million committed
economic development projects
projects completed
projects in small (less than 5,000) communities
communities with ICET projects

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