Office of the Premier

New economic development strategy to build on B.C.’s rural advantages

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Office of the Premier

New economic development strategy to build on B.C.’s rural advantages

Contacts
Stephen Smart
Press Secretary
Office of the Premier
Email: stephen.smart@gov.bc.ca
778 389-6202
Bill Anderson
Communications Director
Minister of State for Rural Economic Development
Government Communications and Public Engagement
Email: bill.anderson@gov.bc.ca
250 888-3381
Contacts
Stephen Smart
Press Secretary
Office of the Premier
Email: stephen.smart@gov.bc.ca
778 389-6202
Bill Anderson
Communications Director
Minister of State for Rural Economic Development
Government Communications and Public Engagement
Email: bill.anderson@gov.bc.ca
250 888-3381

Backgrounders

Fraser-Nicola to benefit from Rural Dividend funding

With the release of B.C.’s rural economic development strategy, the Province is making immediate investments of $14,315,524 through the Rural Dividend Fund to help rural communities diversify and strengthen their economies, including $588,717 for seven projects in Fraser-Nicola.

Logan Lake will receive $100,000 to establish, upgrade or enhance a series of ORV trails and other trail expansion work.

Merritt is being awarded $100,000 for retention and attraction initiatives from the City of Merritt's Economic Development Action Plan and other related city plans.

Cache Creek will benefit from $32,000 to hire a consultant to develop an economic action plan to identify and analyse Cache Creek’s economic characteristics through community, local government and stakeholder engagement, analyse the local economy, and identify key opportunities that would grow and diversify the economy.

The T'it'q'et Administration is being awarded $100,000 for the completion of a comprehensive feasibility study and market assessment to grow the capacity and financial viability of the community’s agricultural and food businesses.

Lillooet will receive $56,717 to revitalize the Bridge of 23 Camels Gateway Pull-out, remove and replace damaged trees along the main street boulevard and salvage a large, historically-significant tree on the Miyazaki Heritage House property.

The Town of Princeton receives $100,000 to create a one stop centre for business information and development support for entrepreneurs wishing to start a new business, or grow their existing business.

Antares Project Services LLP will benefit from $100,000 for the development of 1.5 kilometres of trail outside Lillooet. Project includes trail network, signage, utility upgrades, and tour bus parking area.

These are seven of 109 grants being awarded to 42 local governments, 27 First Nations and 40 not-for-profit organizations throughout the province for single and partnership projects.

In February 2017, $756,591 in project development grants was awarded to help successful proponents develop strong single-applicant, or partnerships projects, that create or retain jobs and support economic diversity in their communities.

The $25-million-per-year Rural Dividend Fund was extended for a fourth year in Balanced Budget 2017. Funding is available in four categories:

  • community capacity building;
  • workforce development;
  • community and economic development; and
  • business-sector development.

Through the first two rounds of Rural Dividend funding has provided nearly $24 million to support projects that will diversify and strengthen the economy of rural communities throughout the province.

The third application intake will run from April 3, to May 31, 2017.

Contacts
Bill Anderson
Communications Director
Minister of State for Rural Economic Development
Government Communications and Public Engagement
Email: bill.anderson@gov.bc.ca
250 888-3381

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