Strategic Priorities
1
BUILD COMMUNITY AND ECONOMIC RESILIENCE
- Support community economic resilience
- Provide funding and support for economic recovery
- Develop new initiatives to support business disaster readiness and recovery
- Support community and business district vitality
- Provide capital funding for innovative community vitality initiatives
- Provide funding to support business transition, adaptation and innovation
- Support sustainable community transformation
- Adapt programs or funding streams to prioritize and support:
- Sustainable transformation of community infrastructure and amenities; sustainable and regenerative tourism practices; and the circular economy
- Adapt programs or funding streams to prioritize and support:
- Prioritize initiatives that foster efficient use of capital through collaboration
- Facilitate and fund targeted regional and cross-jurisdictional partnerships, prioritizing key regional recovery challenges
2
INVEST IN ECONOMIC INFRASTRUCTURE
- Support the development of a robust regional tech and innovation eco-system
- Support business and sectoral adoption of new technology or adaptation to change through technology
- Prioritize tourism funding to address gaps and growth areas
- Prioritize Indigenous tourism infrastructure; sustainable public outdoor tourism amenities; year-round tourism infrastructure and barrier-free or low-barrier tourism amenities
- Support emerging sectors and sustainable growth opportunities
- Support regional development of value-added innovation in agri-food, aquaculture and forestry
- Support clean-tech innovation and integration into key economic sectors; entrepreneurial innovation programs and services
3
SUPPORT REGIONAL COLLABORATION AND LEARNING
- Support regional economic development training and networking
- Support regional economic development and emerging sector events
- Support community participation in economic development training, including among the youth
- Facilitate and support economic development collaboration
- Strengthen relationships with Indigenous communities and champion their inclusion into the Trust governance model
- Proactively engage with communities to advance regional economic priorities
- Participate and present at key events
- Present economic development content to communities and other stakeholders
- Develop best practices presentations for key audiences, conferences and events
4
LEVERAGE ECONOMIC INVESTMENT IN THE ICET REGION
- Pursue sustainable capitalization
- Work with key regional stakeholders to identify regional needs, funding gaps and program/service delivery opportunities
- Develop sustainability plan in collaboration with the Province of BC
- Pursue third party funding delivery opportunities
- Continue partnership with the Province of BC to deliver Business and Community Recovery funding
- Expand and extend joint THRIVE program funding with current partners
- Continue to maintain or exceed leveraging targets
- Target 1:2 annual funding leverage (subject to economic recovery climate and matching funding availability)
5
MAXIMIZE THE IMPACT OF TRUST RESOURCES
- Increase the region’s profile with targeted communications
- Develop effective and innovative performance measurement and monitoring methods
- Ensure maximum benefit through continuous operational improvement
- Implement management and governance best practices
