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Economic Infrastructure Program

Last updated on December 19, 2023

Description 

The Economic Infrastructure and Innovation Program supports the development of a wide range of projects in targeted sectors, with non-repayable matching funding contributions up to a maximum of $300,000.

The program enables local governments, Indigenous communities, non-profits and other eligible applicants to develop the infrastructure required to support strategic economic development initiatives. Projects should be consistent with local, regional and provincial strategic priorities, or meet unique local or regional needs.

All projects must demonstrate incremental economic benefits in the short-to-medium term (3-5 yrs). Benefits may include: 

  • New investment attraction
  • Business, industry or sector growth
  • Creation of new jobs
  • New business startups
  • New visitor or resident attraction
  • Emerging sector development
  • Any other tangible, measurable economic benefits to communities and their residents

Special Requirements 

Eligible applicants include:

  • Local and Regional Governments
  • Indigenous Communities
  • Non-profit Societies
  • Community Contribution Companies (C3)
  • Other non-profit organizations involved in economic development such as airport authorities, harbour authorities, industry associations, sectoral organizations or educational institutions

Last updated: April 16, 2021

Learn More

The Island Coastal Economic Trust was created by the Government of BC in 2006, through the North Island-Coast Development Initiative Trust Act, to support economic development initiatives on central and northern Vancouver Island and the Sunshine Coast.