Thursday, September 15, 2016

COURTENAY – For the past 10 years, the Island Coastal Economic Trust (ICET) has invested in economic infrastructure and planning throughout the region, delivering on its mission to diversify and grow the regional economy.  

One lesser known aspect of ICET’s mandate is its support for the cultivation of economic development knowledge and leadership in the region. 

“Our Bursary Program was developed to help offset costs for travel and registration for targeted economic development training and events,” said Mayor Phil Kent ICET Chair. “It was important to us to remove any financial barriers that may be preventing the ‘doers’ and leaders, from smaller and more remote communities and First Nations, from accessing the economic development training they need.” 

Throughout the year, ICET accepts applications on a rolling basis for bursaries targeting economic development courses and workshops such as the BCEDA Western Economic Development Course, EDAC Economic Development Certification Program, Aboriginal Business Match and Aboriginal Community Economic Development Foundations workshops.

A major event in the ICET region is the VIEA Economic Summit. This year, ICET will provide bursaries for up to 20 attendees, with 10 of those reserved for participants under age 40. 

“Encouraging and supporting young people to take an active role in economic development is one of our priorities,” said ICET CEO Line Robert. “The feedback from past participants is validation that these bursaries really help connect and integrate younger people into economic development initiatives in their communities.”

For more information about ICET’s bursaries, eligibility, application forms and deadlines please visit http://www.islandcoastaltrust.ca/bursaries

About the Island Coastal Economic Trust

The Island Coastal Economic Trust is a $50 million fund established in 2006 by the Government of British Columbia to help diversify the economies of central and northern Vancouver Island and the Sunshine Coast. 

ICET is guided by a Board of Directors and two Regional Advisory Committees which include more than 50 locally elected officials and MLAs and five appointees. This exceptional team of leaders collaborates to set regional priorities and build vital multi-regional networks. 

Through a community-centred decision-making process, ICET has approved $49 million for over 160 economic infrastructure and economic development readiness projects on the Island and Sunshine Coast since implementing its grant program in 2007.  ICET investments have generated over $278 million in incremental funding into the region.  A full overview of ICET can be found at www.islandcoastaltrust.ca.


For further information:

Line Robert, CEO
Island Coastal Economic Trust
Tel. 250-871-7797 (Ext. 227)

Mayor Phil Kent, ICET Chair
City of Duncan 
Tel. 250-709-0186

ICET By The Numbers

person years employment created (construction phase)

ICET By The Numbers

locally elected officials and MLAs working together

ICET By The Numbers

million annual provincial government revenue generated

ICET By The Numbers

post completion jobs created

ICET By The Numbers

dollars leveraged for every ICET dollar invested

ICET By The Numbers

million leveraged into the region

ICET By The Numbers

million disbursed

ICET By The Numbers

million committed

ICET By The Numbers

economic development projects

ICET By The Numbers

projects completed

ICET By The Numbers

projects in small (less than 5,000) communities

ICET By The Numbers

communities with ICET projects


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