GRANT WILL HELP SAYWARD GROW ITS MARINE SECTOR

Wednesday, January 7, 2015

COURTENAY – New businesses and increased marine tourism could all be part of the plan for Kelsey Bay Harbour after an in-depth needs analysis is conducted thanks to a $5,705 grant from the Island Coastal Economic Trust.

“Over the years, Kelsey Bay has been recognized as a strategic asset for the west coast commercial fishery and a key access point for marine tourism,” said ICET Chair Phil Kent. “Not only will this plan ensure Kelsey Bay keeps that position, it will further strengthen it and attract new businesses to the region.”

Identified as a key priority in the Sayward Economic Development Strategy Report, the Sayward Harbour Authority, Village of Sayward, Hub City Fisheries and other proponents are committed to ensuring any redevelopment capitalizes on all opportunities. The grant will provide the funds needed to conduct an analysis to ensure the needs of all harbour users, current and future, are properly assessed and integrated into the harbour development plans. 

The project will include a complete site review and stakeholder consultations resulting in a report providing an assessment of the harbour’s current capacity and recommendations for the development required to accommodate future activities.

“We know there is great potential in redeveloping the harbour,” said Sayward Harbour Authority President Fred Rhodes.  “With proper planning and expansion we can expect to see increased employment during the fishing season, marine sector business expansions as well as new tourism and hospitality sector opportunities.  For a small community hard hit by the resource sector downturn, this is a huge opportunity to bring good jobs and vitality back to the Sayward Valley.” 

Kelsey Bay is a small harbour located in the Village of Sayward, situated between Campbell River and Telegraph Cove on Northern Vancouver Island. The harbour provides public, commercial, and private facilities to a variety of users.

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 125 economic infrastructure and economic development readiness projects on the Island and Sunshine Coast since implementing its grant program in 2007.  ICET investments have leveraged more than $270 million in incremental funding into the region.

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

-30-

For further information:

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

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

Fred Rhodes, President
Sayward Harbour Authority
Tel. 250-282-0079
lgibson@saywardvalley.net

 

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

Stay informed with our latest news!

* indicates required