RDMW Sectoral Strategic Planning

Regional District of Mount Waddington

Sources of Funding
ICET:$12,500
Applicant Equity:$12,500
Total Budget: $25,000

The Regional District of Mount Waddington is still facing the impacts of almost two decades of declines in traditional sectors including forestry, fishing, and mining.  While there has been some recent stabilization, populations have declined, and a demographic profile change has resulted in a loss of professional services and general labour attraction and retention issues. Community-level economic planning is one important piece of the economic renewal, but sector-specific planning was needed.

The Regional sectoral planning project was developed with a focus on “strategic” sectors, in terms of total contributions (employment plus investment) to the local economy as well as to future development potential. For each strategic sector, the study developed a profile showing current status, recent trends, opportunities and policy positions to influence future development.

The final document summarizes key demographic and economic activity trends, and identifies infrastructure and resources of high priority that support and enhance the economic strength of the region in five sectors: forestry, marine, small business, tourism, and the ‘learning’ sector. Sectoral-specific work plans with action items for implementation were developed, providing a solid foundation on which the RDMW can develop policies and actions to support the local economy over the next five years.

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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