Oceanside Economic Development Strategy

Parksville and District Chamber of Commerce

Sources of Funding
ICET:$10,000
City of Parksville:$10,000
Total Budget: $20,000

Oceanside Initiatives is an economic development partnership, created by the Parksville and District Chamber of Commerce, and includes representation from Parksville, Qualicum, the Regional District of Nanaimo, Vancouver Island University, and School District 69. The group was originally created to develop a competitive analysis and marketing strategy aimed at attracting ‘lifestyle entrepreneurs’ to the region. This project is a segue to some of the lessons learned in the first project which identified the need to a broader, comprehensive economic development strategy.

This project creates a multiyear strategic plan, which reflects community values and interests, developed through community and stakeholder consultations.
The plan includes analysis of complementary and conflicting priorities, tactical details for the implementation of marketing tools as well as strategies to monitor progress and measure success.

The completed plan will provide the community with the strategic foundations required to implement more formal economic development service delivery in the region and a roadmap to guide future economic development activity.  

The Oceanside Initiatives Strategic Plan project was completed in 2015.

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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