Comox Valley Agri-food Innovation Strategy

Comox Valley Economic Development Society

Sources of Funding
ICET Contribution:$30,000
Comox Valley Economic Development Strategy:$30,000
Total Budget: $60,000

Technology is impacting how almost every industry operates. However Canadian food producers have fallen behind global competitors when it comes to adoption (and adaption) to new and emerging technologies. As the region steadily specializes in agri-food and cuisine, the Comox Valley is playing a leadership role in supporting agri-food growth and innovation.

This project, a comprehensive Agriculture Sector, Agri-food and Seafood Innovation Strategy, will be a key component of the five-year Comox Valley Regional Economic Development Plan. The strategy will deliver research, analysis and recommendations surrounding potential areas of growth in the agri-food sector, as well as opportunities for innovation and emerging ag-tech, regulatory, trade and supply-chain management. Specific deliverables include policy and programming recommendations, strategies for domestic and international market development, and analysis of opportunities and challenges around agri-food innovation.

The completed strategy will serve as a long term Agri-Innovation Map for future development of the region’s agri-food sector. Anticipated outcomes include new initiatives to address local gaps in growth, investment, employment and succession planning. The strategy is expected to create new efficiencies at various points in the agri-food chain, and encourage younger farmers and more diverse groups to engage in the sector. Project completion is expected in March 2019.

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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