Cash coming to City for Kootenay Regional Film Studios
By Timothy Schafer Local Journalism Initiative Reporter
The City will receive some support for the Kootenay Regional Film Studios, thanks to a provincial government grant.
The City of Nelson will gather in $80,000 from the provincial Rural Economic Diversification and Infrastructure Program (REDIP) as part of the 2023-24 intake for funded projects.
Other local governments, First Nations and not-for-profit organizations in the Kootenay and Boundary regions will also receive funding to promote economic diversification, clean-economy opportunities and infrastructure development through REDIP.
Communities in the Kootenay and Boundary regions will receive as much as $2.8 million for 10 approved projects from REDIP to help strengthen local economies.
In its first two years, REDIP will see as much as $99 million invested in more than 300 projects in rural B.C. There is as much as $33 million available from the upcoming third intake of REDIP, with applications expected to open in July 2024 and close at the end of October 2024.
Triple threat
Communities can receive REDIP 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 the ability to support economic development and diversification in communities with populations of 2,500 or fewer (maximum funding: $100,000).
Forest impact transition
Projects that support economic recovery and diversification in affected forest-dependent communities (maximum funding: $500,000).
