Cowichan Valley Regional Tech Strategy

Economic Development Cowichan - CVRD

Sources of Funding
ICET:$10,000
Economic Development Cowichan:$15,000
Total Budget: $25,000

The Cowichan Valley is home to several digital animation companies, software developers, and thought-leaders in the tech industry. To accelerate and grow tech in the region, Economic Development Cowichan (EDC) has identified it as a priority for 2017.

This project consists of the development of a comprehensive strategy to attract, retain and support the tech industry. The strategy included the identification of existing companies, and defining types of new tech companies that are likely to evolve over the next decade. The strategic plan also highlights advantages, inherent in the Cowichan Valley, for tech startups and relocations, as well as an identification of industry needs that require action. This also include the role that industry associations and post-secondary institutions can play in growing human resources along with the partnerships and investment tools anticipated to advance the sector.

The project’s outcomes include retention and growth of existing tech companies in the region; attraction of new companies; creation of related tech infrastructure to support that growth; and strengthening the collaboration between regional partners to incentivize tech investment across the Cowichan Valley.

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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