Gabriola Island Economic Asset Mapping

Gabriola Island Chamber of Commerce

Sources of Funding
ICET:$14,760
Nanaimo Economic Development Corporation:$12,500
Gabriola Chamber of Commerce/People for a Healthy Community:$2,000
Total Budget: $29,260

Gabriola Island is a popular tourist destination, and in summer months the Island’s population of 4,200 nearly doubles. The Gabriola Island Chamber of Commerce recognized that in order to capitalize on opportunities, there had to be a clear understanding of what economic development opportunities the Island offered.

This project builds economic capacity by determining the community’s economic assets, developing a local economic development network, and initiating the priorization of economic initiatives. Through stakeholder consultations, the project maps economic assets - both physical as well as human, including residents’ skills and talents.

The finalized economic assets report forms part of a new website portal, located on the Chamber of Commerce website, with resources to assist in business attraction. Through this community-based process, economic information, insights and essential tools were compiled to assist Gabriola island in identifying unique strengths, promoting economic resilience, business retention, diversification and growth.

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

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