Project Title:

Comox Valley Tech Attraction Strategy

Project Organization:

Comox Valley Economic Development Society

Project Investment:

  • Island Coastal Economic Trust: $30,000
  • Comox Valley Economic Development Strategy: $30,000
  • Total Budget: $60,000

Project Highlight:

Tech sector wages are 75% higher than the BC industrial average.

The BC government has identified technology as one of the fastest growing sectors in the province. While much of this growth has been in Vancouver, Victoria and Kelowna, the Comox Valley has seen encouraging growth in its technology sector in recent years. In a 2016 FDI strategy, the Comox Valley Economic Development Society identified the technology sector as a strong opportunity for growth and incorporated it as a key component of its five-year strategy.
This project will deliver clear priorities, objectives and action plans to promote technology as a key economic driver and area of diversification for the Comox Valley. The strategy includes an asset map of local tech companies and infrastructure, identification of key competitive advantages, and targeted industries and subsectors to attract. Deliverables will also include a retention and recruitment strategy for tech-sector talent and knowledge workers.
Upon completion, the technology attraction strategy will serve to support attraction of tech sector businesses and talent, retention and expansion of existing tech companies, and development of programs to support foreign direct investment.

Island Coastal Economic Trust approved funding for this project in 2018 through the Investment Readiness program.