As the region’s economy continues to reopen, businesses and industries are faced with new opportunities to rethink and transform their operations. This transition and adaptation has required, and will continue to demand, quick action, creativity and a willingness to innovate.

In response, ICET has developed new programs to support these needs; is delivering recovery funding on behalf of the Province of BC; and has partnered with Tourism Vancouver Island and Innovation Island Technology Association to provide targeted business support services.

 

ICET-led programs


Rural Business and Community Recovery Program

Funded by the Province of BC and delivered by ICET, the Rural Business and Community Recovery Program provides funding for new, temporary employment positions in rural, remote and Indigenous communities to support business and community economic recovery, diversification and growth. Funding is available in the ICET region as well as additional, eligible Island and coastal locations.

For more information, please see our Recovery region map and the complete guidelines and application form.

Read our program News Release.

Sign up for a 30-minute Zoom information session prior to applying:

  • Monday, February 22nd (12-12.30pm)
  • Wednesday, February 24th (12-12.30pm)
  • Monday, March 1st (12-12.30pm)

 

Small Capital Restart Funding Program

Provides capital funding for time-sensitive initiatives that target immediate, short-term COVID-related business and industry restart, resilience and sustainability. Funds of up to $15,000 are available for projects that demonstrate innovative approaches to enable faster restart of business operations or enables the development of complementary revenue streams for affected businesses or industry. The program is open to local governments, Indigenous communities, non-profits (including industry associations, Chambers of Commerce or other non-profit business, industry or economic development related organizations).

For more information on eligibility and how to access the rapid response capital funds, see complete Small Capital Restart guidelines and application form.

Read our program News Release.

 

 

Partner-led programs


Tourism Resiliency Program

Led by Tourism Vancouver Island, with ICET funding support, the program provides personalized, hands-on services and guidance to the region’s broad range of tourism related businesses. Advisors are matched with businesses to help navigate available resources, relief and business adaptation measures. As business needs evolve, advisors also work with subject matter experts to provide collaborative, one-on-one coaching, technical and industry expertise and referrals to help facilitate long-term business adaptation and resilience. 

Visit the Tourism Resiliency Program for more information, including registration.

 

Digital Economy Response Program (DER3)

Led by Innovation Island Technology Association, with ICET funding support, the program offers one-on-one services and technical consultations to the region’s Small and Medium-sized businesses (SMBs) as they enter into or expand their services in the digital economy. The program’s advisors work with individual businesses to assess opportunities, develop an action plan and access expert resources.  If required, the program will also match businesses with qualified regional service providers, to deliver contracted solutions.

Visit the DER3 Program to learn more about how to get involved.

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

3,650
post completion jobs created

ICET By The Numbers

$4.6
dollars leveraged for every ICET dollar invested

ICET By The Numbers

$236
million leveraged into the region

ICET By The Numbers

$50.5
million disbursed

ICET By The Numbers

$52.1
million committed

ICET By The Numbers

212
economic development projects

ICET By The Numbers

170
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