Ladysmith Investment Attraction Tools

Economic Development Cowichan

Sources of Funding
ICET Contribution:$27,500
Town of Ladysmith:$10,000
Digital Skills For Youth Program:$10,000
Stz'uminus First Nations:$500
Nanaimo Airport:$2,500
Economic Development Cowichan:$4,000
Ladysmith Downtown Business Association:$500
Total Budget: $55,000

In 2017, with ICET support, a broad set of local stakeholders in the Town of Ladysmith collaborated on a unified economic development strategy. The partnership included the Town of Ladysmith, Economic Development Cowichan, Stz’uminus First Nation, the Nanaimo Airport, the Ladysmith Chamber of Commerce, the Ladysmith Downtown Business Association and Community Futures Central Island. In accordance with the strategy, the second phase of the partnership will create a partnered investment profile to promote Ladysmith as a location to visit and invest.

The project will deliver a robust website and community profile for Ladysmith. The website will include a database of investment opportunities, along with labour force indicators and other resources to support investor decision making. An accompanying mobile app will be developed, enabling users to access the database remotely and receive on-the-spot information about investment opportunities. The app will also provide an array of cultural insights related to the First Nations and industrial heritage of Ladysmith. 

Anticipated outcomes will include increased investment in local business opportunities in Ladysmith and the surrounding area; increased awareness of business investment and succession options; and increased collaboration between local economic development stakeholders. The project will be completed in the summer of 2019.

ICET By The Numbers

2,500
person years employment created (construction phase)

ICET By The Numbers

50
locally elected officials and MLAs working together

ICET By The Numbers

$10.4
million annual provincial government revenue generated

ICET By The Numbers

2,750
post completion jobs created

ICET By The Numbers

$4.6
dollars leveraged for every ICET dollar invested

ICET By The Numbers

$246
million leveraged into the region

ICET By The Numbers

$52.3
million disbursed

ICET By The Numbers

$55.2
million committed

ICET By The Numbers

230
economic development projects

ICET By The Numbers

210
projects completed

ICET By The Numbers

36%
projects in small (less than 5,000) communities

ICET By The Numbers

50+
communities with ICET projects

2019-2020 ANNUAL REPORT

Stay informed with our latest news!

* indicates required