Tofino Investment Readiness Assessment

Tofino Business Association

Sources of Funding
ICET:$5,000
Tofino Business Association:$2,500
District of Tofino:$2,500
Total Budget: $10,000

To expand the opportunities available and determine how best to establish Tofino as a community that is open for business, the Tofino Business Association initiated a process to assess the community’s current investment readiness status.  Working collaboratively with the Tofino Long Beach Chamber of Commerce and the District of Tofino through the District’s Community Economic Development Advisory Committee (CEDAC) a full assessment of Tofino’s current level of investment readiness was conducted.

Project activities included detailed self-assessments and interviews with businesses and developers to identify key data around land use planning and infrastructure, industrial and commercial land inventory, community information and profiles and to identify gaps. The final report includes a ranking of investment readiness and specific recommendations and strategies to improve Tofino’s readiness status. 

Completed in 2016, this project will provide Tofino with a stronger understanding its competitive advantages, readiness gaps, and enable the development of more responsive planning and economic development activities and processes.

 

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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