Gabriola Economic Development Strategy

Gabriola Island Chamber of Commerce

Sources of Funding
ICET Contribution:$6,000
Regional District of Nanaimo:$5,000
Gabriola Arts Council:$600
Gabriola Island Chamber of Commerce:$400
Total Budget: $12,000

Since 2012, Gabriola Island has received economic development services from the Nanaimo Economic Development Corporation (NEDC). However, due to unexpected changes NEDC was unable to fulfill its commitment to Gabriola. In response, the Gabriola Island Chamber of Commerce embraced the challenge as a new opportunity to develop an independent approach to economic development planning and services.

Building on the results of the 2016 Economic Readiness Report supported by ICET, the project created an economic development strategy and action plan for Gabriola Island. The process involved community consultation and formation of a steering committee to identify priorities and key objectives. Specific deliverables included a 3-year strategic plan, operating budget, and a set of performance measures to gauge progress and success.

The project was completed in January 2018. Early outcomes included formation of an economic steering committee and hiring of an Economic Development Officer to oversee implementation. Anticipated outcomes include the development of new supports for businesses, entrepreneurs and youth; a buy local campaign; and an offseason tourism initiative that will support growth and retention of local Island businesses and economic self-sustainability.

2,500
person years employment created (construction phase)
50
locally elected officials and MLAs working together
$10.4
million annual provincial government revenue generated
2,600
post completion jobs created
$4.6
dollars leveraged for every ICET dollar invested
$230
million leveraged into the region
$49.1
million disbursed
$50.9
million committed
185
economic development projects
150
projects completed
36%
projects in small (less than 5,000) communities
50+
communities with ICET projects

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