Lantzville Economic Development Strategy

Dirstrict of Lantzville

Sources of Funding
ICET Contribution:$30,000
District of Lantzville:$52,500
Total Budget: $82,500

The District of Lantzville is a small community of 3,600 located within the Nanaimo Regional District. Primarily a residential community, the District has experienced little to no growth in the previous 14 years, with light industrial vacancies and an underutilized downtown core. In response, the District embarked on a collaborative initiative to revitalize economic activity and create a new vision for the community.

The community developed a comprehensive economic development strategy to enhance business retention and expansion. The strategy included an analysis of key economic drivers of the village core, industrial development opportunities, as well as a broad community consultation process. Project deliverables included an action plan, identified partnership opportunities as well as proposed policy changes related to unique community issues.

Completed in September 2018, the community can now build on a long-term economic vision. Key priorities include building a diverse mix of local, industrial, and home-based businesses to support a revitalized village core. Anticipated long-term outcomes include new supports for existing businesses, increased and diversified District revenues, attraction of younger residents and new businesses that meet local values and needs.

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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