Monday, August 27, 2018

COURTENAY – At its most recent Board meeting on August 24th, the Island Coastal Economic Trust (ICET) elected Josie Osborne, Mayor of Tofino, as its new Chair.  Mayor Aaron Stone of Ladysmith was elected Vice-Chair, Mayor Andy Adams of Campbell River as Treasurer, Provincial Appointee Dallas Smith as Director at large and Bill Veenhof of the Regional District of Nanaimo as Secretary.

“I’m thrilled to take on this opportunity to serve the ICET region,” stated Josie Osborne, new Chair of the Trust.  “I’m a strong supporter of the collaborative approach that ICET takes with local and regional organizations, governments and First Nations to help communities thrive and prosper,” added Osborne.

The ICET Board of Directors consists of 13 directors, 8 of whom are elected by two Regional Advisory Committees representing the Central South Island Region (CSIRAC) and the North Island Sunshine Coast region (NISCRAC).  The remaining 5 Directors are appointed by BC’s Lieutenant Governor in Council. 

On June 8, the Trust’s statutory stakeholders – Mayors, Chairs of Regional Districts and MLAs within the Trust’s NISCRAC mandate area – elected John Jack, ACRD Chair as a new member to the Board of Directors.  Also re-elected to the Board are Mayor Josie Osborne of Tofino, Mayor Andy Adams of Campbell River and Mayor Paul Ives of the Town of Comox.   Mayor Teunis Westbroek of Qualicum Beach was re-elected to serve as the NISCRAC Chair and Mayor Bruce Milne of Sechelt was re-elected to serve as NISCRAC Vice-Chair.

On June 15, the CSIRAC mandate area re-elected Mayor Phil Kent of Duncan, Mayor Ross Forrest of Lake Cowichan, Mayor Aaron Stone of Ladysmith and Bill Veenhof of the Regional District of Nanaimo to the Board of Directors.  Mayor Jon Lefebure of North Cowichan was also re-elected to serve as the CSIRAC Chair and Ian Morrison, CVRD Director, was newly elected to serve as CSIRAC Vice-Chair.

The Board of Directors would like to thank outgoing Chair Phil Kent for his outstanding dedication to the organization, as Chair for the past 6 years, and as a Board member since 2009. The Board would also like to thank outgoing director Shirley Ackland, Mayor of Port McNeill for her work over the past 2 years. 

About the Island Coastal Economic Trust

Created and capitalized by the Province of BC, the Island Coastal Economic Trust has been at the forefront of economic diversification, planning and regional revitalization for the past eleven years.

ICET is independently governed by a Board of Directors and two Regional Advisory Committees which include more than 50 locally elected officials, MLAs and appointees from the Island and Coast. This exceptional team of leaders collaborate to set regional priorities and build vital multi-regional networks.

Through a community centered decision-making process, more than $50 million in funding has been approved for over 180 economic infrastructure and economic development readiness projects.  These investments have leveraged over $270 million in new investment into the region creating more than 2500 construction phase jobs and 2600 long term permanent jobs.

A full overview of ICET can be found at


For further information:

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

Mayor Josie Osborne, ICET Chair
District of Tofino
Tel. 250-725-3229

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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