Project Title:

Town of Comox Economic Development Strategy

Project Organization:

Town of Comox

Project Investment:

  • Island Coastal Economic Trust: $30,000
  • Applicant Equity: $130,000
  • Total Budget: $160,000

Project Highlight:

The Comox Valley has strong local industries, such as aquaculture, forestry, and senior living, using new technologies to solve problems and advance.

The Town of Comox has identified the need to redefine its last economic development plan, focusing on key sectors such as air and marine transportation, food and beverage, tech, tourism, arts, culture, and events.

The project will support the development of a new economic development plan that will help address the Town’s gaps in infrastructure, economic policy, and development application processes.

A consultant will be hired to lead the process and the document will encompass both short-term (2-3 years) and longer-term strategies, emphasizing core opportunities that boost investment attraction, employment lands infrastructure and new commercial industrial growth. A short-term, tactical implementation plan will be created along with economic development shovel-ready investment infrastructure scoping will further solidify the Town’s position for future development phases.

Island Coastal Economic Trust approved funding for this project in 2023 through the Investment Readiness program.