2023 R05 – Recapitalization of Island Coastal Economic Trust (ICET) Resolution
- Year: 2023
- AVICC Number: R05
- Capital RD
Whereas at the January 11, 2023, Capital Regional District (CRD) Board meeting a motion was passed to urge the province to recapitalize the Island Coastal Economic Trust (ICET) with a generational investment of $150 million;
And whereas ICET has been a vital partner in our efforts to promote economic development and diversification in the rural, electoral areas of the CRD and its contributions have been instrumental in creating jobs, boosting local businesses, and improving the quality of life for our residents:
Therefore be it resolved that AVICC and UBCM urge the Province to recapitalize the Island Coastal Economic Trust (ICET) with a generational investment of $150 million.
- Year: 2023
- AVICC Number: R05
- Sponsor: Capital RD
- Resolution Type: Regional
- Category: Community Economic Development
- AVICC Decision: Endorsed
- AVICC Action: Conveyed to Province, Education Session, Supported Minister Meeting with Sponsor at UBCM
- AVICC Response: The AVICC Executive and members attended multiple meetings with the Minister of Jobs, Economic Recovery and Innovation (JEDI) at the 2023 UBCM Convention. A response was not received from JEDI following the resolution conveyance by AVICC.
- AVICC Response link
- UBCM Decision: Not considered - Regional
- UBCM Response link
The AVICC acknowledges that we are grateful to live, work, and play on the traditional territories of theCoast Salish, Nuu-Chah-Nulth and Kwak-Waka’wakw Peoples