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New economic diversification program builds more resilient rural communities

Darpan News Desk BC Govt, 14 Nov, 2022 04:24 PM

Local governments, First Nations and other organizations looking to strengthen their communities can apply for new funding to build capacity and diversify rural and remote economies in B.C.

The Government of B.C. is investing as much as $33 million in 2022-23 to create the Rural Economic Diversification and Infrastructure Program (REDIP), which will support projects that promote economic diversification, resilience, clean-growth opportunities and infrastructure development.

“People across rural B.C. are passionate about their communities and are incredibly resilient in the face of challenges,” said Ravi Kahlon, Minister of Jobs, Economic Recovery and Innovation. “As part of our StrongerBC Economic Plan, we’re working shoulder to shoulder with local governments and First Nations to help diversify local economies to support good, stable jobs for people for years to come.”

Communities can receive funding through three streams:

Economic diversification – Projects that plan or implement programs, services and infrastructure to support economic development and diversification in communities with populations of 25,000 or less (maximum funding: $1 million).
Economic capacity – Projects that build local capacity and improve ability to support economic development and diversification in communities with populations of 2,500 or less (maximum funding: $100,000).
Forest impact transition – Projects that support economic recovery and diversification in affected forest-dependent communities (maximum funding: $500,000).

“Leaders in rural and Indigenous communities across B.C. work tirelessly to build economies that provide steady employment, stable services and exciting economic opportunities for their residents,” said Roly Russell, Parliamentary Secretary for Rural and Regional Development. “Our government is helping to build on this resilience through a suite of initiatives, and I’m excited to add REDIP to that list. From capacity-building to internet connectivity to enhanced and new infrastructure, we’re working with communities in every corner of the province so that people can thrive wherever they live.”

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