The Island Coastal Economic Trust (ICET) announced May 23 that it will be investing close to $100,000 in four projects to support community economic development initiatives in the Sunshine Coast and North Island region.
The Sunshine Coast Salmonid Enhancement Society will receive $15,000 towards its geothermal heat and hot water system project to establish a sustainable power source through a geothermal installation at the Chapman Creek Hatchery in Wilson Creek. Public demonstration of modern technology at the site will stimulate interest, attract visitors and build capacity for community-driven energy initiatives in the region.
"The Island Coastal Economic Trust continues to assist communities in the region north of the Malahat on Vancouver Island as well as the Sunshine Coast diversify and develop their economies," said ICET chair Phil Kent in a news release. "The diverse range of projects receiving funding reflects the wide reach of ICET and recognizes a variety of smaller initiatives occurring throughout the area. ICET is proud to partner with these organizations to help each of them achieve their goal of enhancing experiences of both residents and visitors to the region."
ICET is a $50 million endowment established in 2006 by the provincial government to help diversify the economies of central and northern Vancouver Island and the Sunshine Coast. ICET funds community driven economic development initiatives in targeted sectors to spark new and sustainable regional economic growth. These sectors include forestry, transportation, tourism, mining, energy, economic development, agriculture and aquaculture, and small business.
A full overview of ICET is available at www.islandcoastaltrust.ca.
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