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Impact Report 2023/24


Impact Report 2023/24

From the start, South Island Prosperity Partnership (SIPP) has been about transformation.

When SIPP launched in 2016 with broad support from regional stakeholders, we didn’t set out to maintain the status quo. We set out to transform and diversify Greater Victoria’s economy, supporting the growth of promising new sectors like ocean tech, driving the creation of jobs with household-sustaining incomes and revitalizing our region’s reputation as a hub of innovation, entrepreneurship and creativity.

In a series of At a Glance infographics, this Impact Report details our foundation building, impact and vision. 

We are building on our most monumental year since SIPP began. We announced an unprecedented level of leveraged project funding, engaged a record number of stakeholders, grew our communications channels across multiple brands and evolved the regional economic development agenda.

This impact is due to the foundation our members and stakeholders have helped to build. Only from this strong foundation — by aligning our resources and ambitions in a common direction — can we dream about what else is possible and continue transforming to a resilient, innovative, sustainable and equitable (RISE) economy that benefits us all.

We are deeply grateful to be doing our work on the territories of the Lək̓ʷəŋən (Songhees), Xwsepsem (Esquimalt), SȾÁUTW (Tsawout), W̱JOȽEȽP (Tsartlip), WSIḴEM (Tseycum), BOḰEĆEN (Pauquachin), MÁLEXEȽ (Malahat), SC’IȺNEW (Beecher Bay), T’Sou-ke and Pacheedaht Nations.

We commit to upholding the principles of the United Nations Declaration on the Rights of Indigenous Peoples and responding to the Truth & Reconciliation Commission Calls to Action.


SIPP’s Impact at a Glance


SIPP’s Impact at a Glance

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Our Members are
Economy Builders


SIPP Members


Member Retention Rate Since 2016

Our Initiatives at a Glance

Pillar 1

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Pillar 2

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Pillar 3

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Pillar 4

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Our Strategy in Action

It’s been an impactful year for COAST, Pacific Canada’s hub for the sustainable blue economy as it prepares to launch its first ocean innovation centre in Greater Victoria, with co-working, test sites and shared equipment to organizations in the ocean and marine space. COAST is also growing an exceptional team focused on building B.C. into a global leader in the world’s rapidly growing ocean economy, creating new sustainable, export-driven jobs and enterprises.

This has been a year of outreach and engagement for the Indigenous Prosperity Centre (IPC) in our work to support Indigenous-led economic development. IPC co-created the online South Island Indigenous Business Directory with our community partners, showcasing 90+ Indigenous businesses. With 8 First Nations, IPC organized an Indigenous Marine Stewardship Awareness Campaign with a flotilla event and continues to amplify Indigenous ideas and advance economic reconciliation through our podcast and conference panels.

Rising Economy informs, involves and inspires to create a better future. Our flagship events include the annual Rising Economy Conference, our top-rated Business Event for Business Insiders, and the annual  Local Leadership Forum, the primary venue for municipalities in the region to determine economic priorities and collaborate around key issues. Rising Economy also hosts a podcast and YouTube channel to engage and discuss bold ideas year-round.

Victoria Rising is a place-based business and innovation brand that promotes Greater Victoria as a vibrant hub of innovation, entrepreneurship and creativity. Our goal: attract values-aligned entrepreneurs, businesses  and much-needed talent, including essential healthcare professionals. The Victoria Rising Toolkit helps local brand partners communicate our regional brand clearly and positively attract what our region needs to meet our future with clarity and confidence.

Who We Are

South Island Prosperity Partnership is Greater Victoria’s economic alliance for a more prosperous future. Launched in 2016, SIPP is a public-private partnership whose members include municipal governments, First Nations, post-secondaries, nonprofits, business and industry associations and major employers.

We are stewards of Greater Victoria’s economic development strategy and catalysts for regional economic transformation. We collaborate across sectors and jurisdictions to turn potential into prosperity and grow our region’s economic and social prosperity for current and future generations.

“You have built something very special [in Greater Victoria] with South Island Prosperity Partnership — a foundation of collaboration where all voices are heard, where new ideas are explored and where trust is the cornerstone.”

— Jim Munson, retired senator, Senate of Canada

Our Member Ecosystem


SIPP partners with 10 municipal governments on the South Island in a collaborative regional approach to economic development that benefits each community.


We partner with 9 South Island First Nations to help build economic capacity and collaboratively support Indigenous-led economic development through the Indigenous Prosperity Centre.


SIPP’s educational partners include the University of Victoria, Royal Roads University and Camosun College, with whom we collaborate to strengthen and highlight our region’s innovation and learning culture.


SIPP’s business partners are economy builders and leaders in sectors from transportation and tech to finance and urban development.


SIPP collaborates to build an innovative, diversified and inclusive economy, with a high quality of life and household-sustaining jobs for our children – and their children.


SIPP collaborates with NGOs and business associations to foster economic development initiatives that benefit the entire community and contribute to a better quality of life.

“Through SIPP, we were able to forge important connections with local residents, businesses and community organizations, municipalities and the Indigenous communities that call the South Island region home.”

– Michelle Laviolette, Director, Indigenous Banking Strategy, Vancity

Our Members

Our Vision

We envision Greater Victoria as a globally fluent and resilient metropolitan city-region, full of potential and open to transformation.

We are a fusion of cultures and geographies, rooted in the traditional lands of the Coast Salish peoples and connected to the rest of Canada, the Pacific Northwest and the world. Our region collectively takes bold steps to nurture a more innovative, diversified, inclusive and sustainable economy.

Our Values

We bring people and sectors together to turn big thinking into meaningful action.
We celebrate diversity and honour our heritage, environment and future generations.
We own our work and know it has the power to create sustainable prosperity.
We lead collaboratively and chart our own authentic economic development course.
We are resolute economic optimists, obsessing over transforming today’s challenges into tomorrow’s opportunities.
We serve our community, members and each other with trust and respect.

Commitment to People and the Planet

At SIPP, we’re passionate about supporting an inclusive and sustainable culture and economy for Greater Victoria. Our Board is committed to the 50 – 30 Diversity Challenge to guide the growth of diversity in our organization and ensure everyone has an equal opportunity to grow, achieve and thrive. 

We are also deeply committed to the United Nations Sustainable Development Goals (SDGs), which recognize that development must balance social, economic and environmental sustainability. 

In 2023, SIPP received two prestigious Excellence in Economic Development awards from the International Economic Development Council (IEDC). To date, we have received eight gold and silver global awards from the IEDC for our impact.

IPC Podcast

The Indigenous Prosperity podcast explores the opportunities projects and businesses within South Vancouver Island’s Indigenous economy — and the people and Nations leading the way to Indigenous-led prosperity.

Rising Economy Podcast

Rising Economy is an exciting new podcast series featuring local and global thought leaders and change-makers whose transformative ideas and bold insights are shaping our economy and society’s future.

Coast Talks

Presented by the Centre for Ocean Applied Sustainable Technologies, COAST Talks is a virtual speaker series that explores ocean-based topics, features thought leaders from Pacific Canada and around the globe, and creates a forum for exploring ideas as we develop our blue economy hub and cluster here in British Columbia.

Stakeholder Roundtables

SIPP convenes sector stakeholders to explore solutions to our regional challenges. Our most recent roundtable, hosted with the South Island and Victoria Divisions of Family Practice, focused on Attracting & Retaining Family Doctors to Greater Victoria.

Executive Leadership Roundtables

Hosted by our CEO, this curated dinner series bring members together to share ideas and explore issues affecting our region.

Canada’s Leading Economists

SIPP periodically invites economic thought leaders, including chief economists of leading financial institutions, to present on emerging trends in the Canadian economy.