Gibsons Public Market

Gibsons Community Building Society

Sources of Funding
ICET:$400,000
Gibsons Community Building Society:$517,411
Town of Gibsons:$275,000
In Kind Contribution:$395,000
CIBC:$100,000
BMO:$50,000
Sunshine Coast Credit Union:$21,000
VanCity Community Foundation:$20,000
Enabling Accessibility:$50,000
Other funding (Private Campaign):$441,589
Total Budget: $2,270,000

Public farmers’ markets are an important space for local growers to sell their goods, and they also serve as an entry-point for food producers looking to refine their products and develop their business. To address the need for a year-round permanent, indoor public market on the Sunshine Coast the Gibsons Community Building Society formed.

Construction of the new multi-use facility began in February 2016 and includes a Marine Education Centre, a community kitchen, small business incubator areas, and significant community amenity space in addition to the farmer’s market activities. Individuals and businesses from across the Sunshine Coast donated to support the project and the market property is now owned by the Town of Gibsons, Community Futures, Sunshine Coast Community Foundation and the Gibsons Community Building Society.

The project will help to support new agriculture businesses and value added agriculture businesses in the Sunshine Coast area, adding vitality to the economy and quality of life. The Public Market and Marine Education Centre will also support related business development in the hospitality and marine tourism sectors. In addition to the important direct economic drivers this project will generate it will also address regional issues, such as the retention and attraction of young people to the Sunshine Coast, by creating a social hub. Ongoing impacts from the Public Market and Marine Education Centre after five years are estimated to result in 40.9 local jobs.

The project was completed in December 2017.

 

2,580
person years employment created (construction phase)
50
locally elected officials and MLAs working together
$10.4
million annual provincial government revenue generated
2,615
post completion jobs created
$4.7
dollars leveraged for every ICET dollar invested
$278
million leveraged into the region
$47.9
million disbursed
$49.7
million committed
170
economic development projects
130
projects completed
38%
projects in small (less than 5,000) communities
50+
communities with ICET projects

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