In 2018 VIEA developed a four business cases for specific investment opportunities across the Island. These, added to three business cases developed in 2017 for wood manufacturing, form a portfolio of investment opportunities being marketed internationally.
Public and private stakeholders helped identify local investment opportunities and our team of consultants vetted and analyzed these thirty concepts to produce a report and four business cases for aquaculture, clean tech, waste wood, and tourism.
This work is a direct complement to existing regional and community economic development objectives by developing and marketing sector-specific, site-specific, tangible, vetted business cases designed to attract the attention of targeted foreign direct investors.
This work was made possible with funding from the Invest Canada Community Initiatives program, Island Coastal Economic Trust, Cowichan Valley Regional District, City of Port Alberni, and Port Alberni Port Authority.
This report took the recommendations that arose from the stakeholder roundtable discussions held in 2016 by the Vancouver Island Economic Alliance (VIEA) and the BC and Canadian Wood Councils in seven communities across Vancouver Island. The Wood Industries business cases include The Case for Pressure-Treated Lumber Production, The Case for Mass Timber Production, and The Case for a Wood-Based Thermal Insulation Manufacturing Business.
Aquaculture on Vancouver Island consists of the cultivation of finfish, shell fish and the harvesting of aquatic plants. Atlantic Salmon is the prime finfish farmed in BC while Chinook, Coho and Sockeye are also cultivated. In addition to salmon species, Steelhead Trout, Sablefish, Sturgeon and Tilapia are also farmed
The Vancouver Island Clean Tech sector is aligned with global, national and provincial priorities to profitably capitalize on initiatives to reduce dependency of fossil fuels and improve efficiencies in the future delivery of goods and services.
Tourism is loosely defined as various activities of people which include travelling and staying in places different from their usual environment either for business or leisure purposes. Vancouver Island has a global brand as the place to see natural beauty at its finest.
In a 2017 report on value-added wood manufacturing, VIEA suggested there were viable business opportunities for new ventures. One challenging aspect to the discussion was the availability of raw materials.
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See our portfolio of business cases for Vancouver Island investment opportunities.