Business Assistance for Successful Enterprise

City of Parksville Economic Alliance

Sources of Funding
ICET:$8,500
Local Government Funding :$11,000
In Kind Contribution:$22,500
Other funding:$3,500
Total Budget: $45,500

Mid-Island entrepreneurs’ seeking to start a business or experiencing challenges growing their business were not finding the support and information they needed. In 2007, a steering committee of regional businesses and organizations developed a grassroots business retention and expansion program for the mid Island area, called Business Assistance for Successful Enterprise. The community-driven program was designed to offer free business coaching to support economic development, business retention and expansion services to businesses in the Oceanside area.

The project helped to develop a program and fund a professional business advisor, backed by a team of twenty volunteer mentors with diverse backgrounds and skill sets.  This team provided support for business planning, market development, entrepreneurial skills, development of technologies, succession planning, HR strategies, health and safety, finance sourcing, and identifying markets for products and services.

The project helped to increase the level of economic self-reliance, create new jobs, improve the business climate and leverage new investment in the region. Since that time, the region’s business community, local governments and other organizations involved in economic development have evolved and joined forces to create “Oceanside Initiatives”, a regional alliance which has undertaken to develop and implement economic and business development initiatives.

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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