70 active programs supporting Basin residents

Graph showing financial status of Columbia Basin Trust.

In 2018/19, $62.6 million was committed in programs, services and investments to positively impact the communities and people of the Basin. — Photo courtesy Columbia Basin Trust

Thanks to a strong year for its investments, Columbia Basin Trust is now providing over 70 programs and initiatives to Basin Communities. Revenues from combined investments in hydropower facilities, real estate, market securities and business loans grew to $71.9 million this year, a gain of over $7.9 million compared to the previous fiscal year. The sale of hydropower and power projects accounted for approximately 80 per cent of the Trust’s revenue as released in its 2018/19 Annual Service Plan Report.

“The performance of our hydropower facilities once again surpassed our expectations,” said Johnny Strilaeff, Columbia Basin Trust President and Chief Executive Officer. “The focus on managing these assets to ensure reliability resulted in fewer unplanned outages. And now with the purchase of the Waneta Expansion Generating Station, Basin residents will enjoy even greater benefits now, and in the future, as more of the revenues are injected back into this region.”

In 2018/19 the Trust committed $62.6 million in programs, services and investments to positively impact the communities and people of the Basin. This included $1.9 million for infrastructure to expand broadband and help develop the economy, $8.1 million for business loans and real estate investments, plus financial support for 1,750 projects and partnerships.

The Trust’s Columbia Basin Management Plan sets out 13 strategic priorities to guide its work supporting Basin communities from 2016 to 2020. Next year, the Trust will begin consulting with people in the region to renew them.

“We’re looking forward to connecting with people to imagine the possibilities,” said Strilaeff. “We want to hear their bold and innovative ideas that will help shape the future of how we live, work and play in the Basin.”

Related articles

Business Beat, East Kootenay, Kimberley, Cuisine, Retail, Small Business Good to great: Kimberley’s Grater Good has new owners

Floris and René Steenkamp, new owners of The Grater Good Kitchen Supply Company in Kimberley, B.C., are excited to share their passion for cooking

by
Business Beat, East Kootenay, Cranbrook, Cuisine, Small Business A taste of Jamaica has touched down in Cranbrook

Aleitha Harvey, owner of Ella’s restaurant inside Best Western Cranbrook Hotel, has created an authentic Jamaican experience in the Kootenays

by
Business Beat, East Kootenay, West Kootenay, Technology, Transportation Regional districts score sustainability award with Accelerate Kootenays project

Three Kootenay regional districts recognized for Accelerate Kootenays initiative

by Julie Matchett
View all articles

Comments