Port McNeill Economic Development Strategy

Town of Port McNeill

Sources of Funding
ICET:$25,000
Town of Port McNeill:$25,000
Total Budget: $50,000

Like many small towns on Vancouver Island, Port McNeill has seen its economy go through significant changes in the past several years. Traditional resource-sector industries like forestry, fishing, mining, and aquaculture are still significant, but looking towards the future means diversification and proactive planning for a quickly changing global economy.

The project, completed in 2015, consisted of the development of an economic development strategy with a view to identifying new economic drivers.  The process included the development of a 10 year integrated economic strategy through stakeholder engagement, analysis of current and historic economic activity, identification of key assets and opportunities, linkages with the regional economy and priorization of short, medium and long term investment opportunities.

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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