Transformation
Transformation
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.
Our Initiatives at a Glance
Our Strategy in Action
Pillar 1 – COAST
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.
Purpose > To create career-oriented opportunities in sectors where the South Island is uniquely positioned for 21st-century success and to diversify the economy while reducing environmental impacts.
Pillar 2 – Indigenous Prosperity Centre
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.
Purpose > To bridge two worlds on a journey toward economic reconciliation where the economy is inclusive, equitable and sustainable for generations to come.
Pillar 3 – Rising Economy
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.
Purpose > To engage business and community leaders in SIPP’s mission and convene them toward collaborative solutions and the ambitious pursuit of the region’s future potential.
Pillar 4 – Victoria Rising
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.
Purpose > To tell a new post-pandemic story about Greater Victoria to promote the region, its unique municipalities and entrepreneurial successes to attract values-aligned businesses and address talent shortages, including essential workers
We Transform Potential into Prosperity.
We Transform Potential into Prosperity.
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