The Kitimat-Terrace Industrial Development Society (KTIDS) is closing shop, but the reason is a success, not a failure.
The group, which formed in 2005, has announced that they have succeeded in meeting their purpose and mission.
The decision was made at a September 30 board meeting.
In an unsigned statement from the society on October 7, they say “The communities of north-western British Columbia have transformed from isolated and floundering repression to an interdependent, thriving and rebranded economies that are attracting huge investments to the region.”
KTIDS founding goal was to “strengthen the region’s economy by working to diversify existing aluminum, forestry and petrochemical industries, and attract new industries.”
“The board would like to thank our business partners and engaged community representatives for their support and input throughout the years,” said KTIDS President Robin Lapointe.
KTIDS major funding partner was Rio Tinto Alcan.
KTIDS website, ktids.ca, includes a number of surveys and profiles of the Kitimat-Terrace Valley.
Their listed ‘current projects’ on their site include west side road development, and Investigation of secondary aluminum manufacturing opportunities, among a long list of others.