2023 R05 – Recapitalization of Island Coastal Economic Trust (ICET) Resolution

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.