Radium Hot Springs Draft Official Community Plan - Flipbook - Page 72
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5.12 ECONOMIC DEVELOPMENT
and diversi昀椀ed economy
the Village’s key economic
strategies include:
INTRODUCTION
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The Village of Radium Hot Springs is fortunate
to have two long-standing economic sectors
within its boundaries: tourism and forestry.
While both of the industries have ups and
downs they support a variety of businesses and
attract residents to the Village.
The Village wants to maintain and grow its
local economy to ensure that Radium Hot
Springs continues to be a vibrant place with a
diversity of people and businesses. The Village
is uniquely positioned in the Columbia Valley to
attract people due to its housing opportunities,
close proximity to recreational opportunities
and Kootenay National Park, and its diversity
of housing types (e.g. many smaller housing
units).
With its relative affordability and high natural
amenity, the Village has an opportunity to
attract members of the roughly 20% of BC and
Canadian workforce who are independent
and sectors with more footloose workforce.
Presently approximately 10% of residents
work from home and 15% are self-employed.
Attracting independents has key bene昀椀ts
including addition to permanent population
and purchasing support to a business
community that is sustained by 24/7/365
population presence. Another key economic
strategy is converting part-time residents into
full-time residents, which adds to the yearround economic activity in the Village and
region.
Regulation of Short-Term Rentals will support
attraction of independents with housing
availability, choice, and affordability while
also nurturing housing supply for workforce
hired by a more entrepreneurial component of
community life.
OBJECTIVES
Objective 89: To continue to have a vibrant
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g Supporting the forestry industry to help
maintain stable full time jobs for citizens;
g Supporting the tourism industry through
continued physical infrastructure
improvements, coordination of traf昀椀c with
the Ministry of Transportation & Transit
(MOTT), and marketing the Village;
g Attracting those who are self-employed
and/or work from home;
g Supporting artisan and small
manufacturing through 昀氀exible zoning;
g Encouraging part-time residents to move
to the Village full-time.
POLICIES
5.12.1.
Create a Destination Development
Plan that can support the Village’s
Resort Development Strategy as well as
continue to make the Village a national
and international destination.
5.12.2. The Village will continue to support the
lumber mill by:
a) Ensuring access roads and other
infrastructure are adequate
and maintained;
b) Communicating regularly with
operators and/or sites managers;
c) Helping to ensure adequate housing
is available within the Village for
existing or potential employees;
d) Managing land use and development
in the vicinity to minimize con昀氀icts;
e) Partnering to minimize 昀氀ood risk to
mill facilities and Village infrastructure
in that area of the Village.
5.12.3. The Village will continue to support the
tourism industry by:
a) Ensuring infrastructure can
adequately service the peak tourism
VILLAGE OF RADIUM HOT SPRINGS Official Community Plan - Bylaw 527
