https://www.comoxvalleyrecord.com/news/island-coastal-economic-trust-hopes-for-permanent-funding/
Courtenay Mayor Bob Wells was pleasantly surprised when a motion to recapitalize the Island Coastal Economic Trust (ICET) garnered unanimous support from delegates across the province at the Union of B.C. Municipalities convention, September in Whistler. The support provides momentum to move forward with meaningful reconciliation action and economic development for future generations, locally and in other coastal communities.
The provincial government created ICET in 2006, and provided $50 million to help economic growth throughout the coastal region. It was designed as a sinking fund that directs source money, not interest accrued, to projects such as the Hornby Island arts centre, and walk-in campsites in Cumberland.
Leave a Reply
You must be logged in to post a comment.