Project Title:

Tofino Investment Readiness Assessment

Project Organization:

Tofino Business Association

Sources of Funding:

  • ICET Contribution: $5,000
  • Tofino Business Association: $2,500
  • District of Tofino: $2,500
  • Total Budget: $10,000

About:

To expand the opportunities available and determine how best to establish Tofino as a community that is open for business, the Tofino Business Association initiated a process to assess the community’s current investment readiness status.

Working collaboratively with the Tofino Long Beach Chamber of Commerce and the District of Tofino through the District’s Community Economic Development Advisory Committee (CEDAC) a full assessment of Tofino’s current level of investment readiness was conducted.
Project activities included detailed self-assessments and interviews with businesses and developers to identify key data around land use planning and infrastructure, industrial and commercial land inventory, community information and profiles and to identify gaps. The final report includes a ranking of investment readiness and specific recommendations and strategies to improve Tofino’s readiness status.

Completed in 2016, this project will provide Tofino with a stronger understanding its competitive advantages, readiness gaps, and enable the development of more responsive planning and economic development activities and processes.