Comox Valley Tech Attraction Strategy

Comox Valley Economic Development Society

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

Tech sector wages are 75% higher than the BC industrial average.

The BC government has identified technology as one of the fastest growing sectors in the province. While much of this growth has been in Vancouver, Victoria and Kelowna, the Comox Valley has seen encouraging growth in its technology sector in recent years. In a 2016 FDI strategy, the Comox Valley Economic Development Society identified the technology sector as a strong opportunity for growth and incorporated it as a key component of its five-year strategy.

This project will deliver clear priorities, objectives and action plans to promote technology as a key economic driver and area of diversification for the Comox Valley. The strategy includes an asset map of local tech companies and infrastructure, identification of key competitive advantages, and targeted industries and subsectors to attract. Deliverables will also include a retention and recruitment strategy for tech-sector talent and knowledge workers.

Upon completion, the technology attraction strategy will serve to support attraction of tech sector businesses and talent, retention and expansion of existing tech companies, and development of programs to support foreign direct investment.

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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