The $50 million Island Coastal Economic Trust (ICET) was created by the Government of BC in 2006, through the North Island- Coast Development Initiative Trust Act, to support economic development initiatives on central and northern Vancouver Island and the Sunshine Coast.

ICET funds community-driven economic development initiatives in targeted sectors to spark new and sustainable regional economic growth and diversification.  These key sectors include: forestry, transportation, tourism, mining, small business, energy, agriculture and aquaculture, and economic development.

ICET is guided by a Board of Directors and two Regional Advisory Committees (RACs) which include more than 50 locally elected officials and MLAs and five appointees.  This exceptional team of leaders collaborates to set regional priorities and build vital multi-regional networks.

The specific region where the Trust may invest is defined on the map

2,580
person years employment created (construction phase)
50
locally elected officials and MLAs working together
$10.4
million annual provincial government revenue generated
2,615
post completion jobs created
$4.7
dollars leveraged for every ICET dollar invested
$278
million leveraged into the region
$47.9
million disbursed
$49.7
million committed
170
economic development projects
130
projects completed
38%
projects in small (less than 5,000) communities
50+
communities with ICET projects

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