$275,000 from the CBT boosts investment in the Kootenays

A regional partnership that focuses on developing tools to attract and retain investment in Basin communities will receive a funding boost over the next two years.

With a commitment of $275,000 from Columbia Basin Trust, Invest Kootenay will continue to help member communities attract, retain and expand the level of investment in their communities, as an economic sustainability and development tool in the region.

Invest Kootenay is a partnership between local governments, economic development organizations and chambers of commerce. Current member communities include Castlegar, East Shore Kootenay Lake (RDCK Area A), Fernie, Lower Columbia (Trail, Rossland, Warfield, Montrose,  Fruitvale, and RDKB Areas A & B)  Kimberley, Nelson and RDCK Areas E & F, Revelstoke and CSRD Area B, Sparwood and Columbia Valley (Radium Hot Springs, Invermere, Canal Flats and RDEK Areas F & G).

“The contribution from the Trust makes it possible for Invest Kootenay to expand the presence of the Kootenays on the investment stage,” Garry Jackman, Invest Kootenay Co-Chairman, said in a statement released on Thursday, May 29. “Invest Kootenay gives our local business owners a significant platform that enables investors from near and far to see what the Kootenays have to offer.”

“One of the guiding principles within our Economic Strategic Plan is collaboration,” Neil Muth, Columbia Basin Trust president and CEO, said in the statement. “The Invest Kootenay partnership is a great example of regional collaboration, in which the partners are working to create opportunities and further economic development in the Columbia Basin.”

To learn more about Invest Kootenay, visit investkootenay.com.

Columbia Basin Trust supports efforts to deliver social, economic and environmental benefits to the residents of the Columbia Basin. To learn more about the Trust’s programs and initiatives, visit cbt.org or call 1-800-505-8998.