In the October 18th Economic Development Committee meeting, North Cowichan outlined steps to build a thriving innovation ecosystem in Cowichan Valley as part of its broader Economic Development Action Plan. This strategy seeks to diversify the local economy by encouraging tech growth, supporting entrepreneurship, and enhancing the region’s economic resilience.
Barry O’Riordan from Economic Development Cowichan presented the strategy’s key elements, including initiatives to foster tech-driven business solutions across Cowichan’s traditional sectors, such as agriculture and manufacturing. The strategy also aims to develop resources for local businesses to enhance productivity and attract investment, positioning Cowichan Valley as an emerging hub for tech and innovation.
The Committee discussed potential funding options to support the development of this innovation ecosystem, with a key grant application to the Rural Economic Diversification and Infrastructure Program (REDIP). This funding could assist in implementing tech ecosystem initiatives, which include supporting regional innovation challenges and establishing networks that connect local entrepreneurs with investors.
“This strategy is about positioning Cowichan Valley for sustainable growth and resilience,” said O’Riordan. The initiative will focus on building a supportive environment for digital adoption, facilitating networking opportunities for local entrepreneurs, and integrating technology into established industries to improve productivity and expand market reach.
The Committee emphasized the importance of community partnerships, with Mayor Rob Douglas noting that the strategy should align with local needs while fostering growth in high-value sectors. Updates on the REDIP grant application and other funding avenues are expected in the coming months.
This innovation-focused strategy highlights North Cowichan’s commitment to an economically diverse and future-ready community, setting the stage for a tech-enabled Cowichan Valley.
