As part of its rural development mandate, the Government of British Columbia is providing $20,000 for two projects to strengthen the business community in Princeton, Forests, Lands, Natural Resource Operations and Rural Development Minister Doug Donaldson announced today.

The funding is part of nearly $700,000 in project development grants being awarded to eligible local governments, First Nations and not-for-profit organizations under the BC Rural Dividend program. These grants, of up to $10,000 each, help rural communities develop projects to stabilize their economies and create long-term local employment.

“Congratulations to everyone involved,” said Donaldson. “The selected projects reflect the strength of rural communities – people working together for the good of the community.”

The Town of Princeton is being awarded $10,000 to conduct a gap analysis to identify business services and products needed for the town so efforts can be made to fill the gaps. The Princeton and District Chamber of Commerce is being awarded $10,000 to design and develop a marketing strategy and create a website to grow membership and help the business community access chamber information and services.

The rural dividend encourages economic diversification, innovation, sustainability and collaboration, and recognizes the diverse needs of individual communities.

Quick Facts:

• Projects were assessed and approved based on the following criteria:
  • Rural communities most in need.
  • Improved community resiliency and economic strength.
  • Partnership building and enhanced shared prosperity.
  • Project feasibility and sustainability.
  • Economic impact on rural communities.
  • Attracting and retaining youth.
  • Innovation in economic development.

Learn More:

Rural Dividend: www.gov.bc.ca/ruraldividend