Tahsis Economic Development Strategy
The results of the initial filtering led to 56 opportunities being identified for consideration. Opportunities were then ranked according to four criteria and an average total score was determined.
Overview
The Village of Tahsis experienced important population and economic declines following the closure of two sawmills in 2003. Despite the challenges that resulted from the closures, sport fishing and tourism have redefined Tahsis as a tourist destination during the summer months. The community wishes to capitalize on this existing market by developing an economic development strategy which builds upon its existing physical and natural assets and businesses and identifies new economic opportunities.
The project included a comprehensive analysis of demographics and current economic drivers, including tourism. Community workshops were held to engage stakeholders and identify strategic opportunities for growth and diversification. The community has fully embraced this proactive approach to advancing Tahsis’ economic wellbeing.
This project was completed in March 2014, resulting in an Economic Development Vision Statement that is based on the economic drivers of the community and region as well as community values and desires. The Vision is supported by a 5 year plan with 23 actionable economic development strategies.
This project is also serving as an important tool to increase collaboration with other communities, First Nations and other regional partners. To date new relationships and joint projects have been initiated as a result of this work.
Project Details
Project Impact
The Trust invests in projects using a Wellbeing Impact Framework that looks beyond traditional economic metrics. This approach evaluates how each investment strengthens economic prosperity, cultural vitality, climate resilience, and social empowerment. By focusing on outcomes that matter to people and place, the Trust works to spur new investments that create meaningful, lasting benefits across Vancouver Island and the coast.
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