Investing in 100 Mile House
Why invest in 100 Mile House?
Strong transportation advantages:
- Excellent highway infrastructure for truck transportation
- Highway frontage - 100 Mile House is situated right on Highway 97
- 3,500 vehicles per day (average) totaling 1.3 million vehicles per year through 100 Mile House!
- Proximity to major markets:
- 5 hours north of Vancouver
- 3.5 hours south of Prince George
- 2 hours from Kamloops
- Well established local road network
- CN Railway access in industrial area of town
- Air service
- South Cariboo Regional Airport, located just 8 kms away from town centre
- Unique downtown aerodrome, only steps away from hotels, restaurants and shopping
- Commercial service accessible in Williams Lake or Kamloops
Well established cluster industries:
- Handcrafted log home building industry cluster
100 Mile House is officially designated the Handcrafted Log Home Capital of North America
- Guest ranch cluster
- Lakeshore resort area cluster
Robust service centre role:
- Commercial hub and service centre for the whole South Cariboo
- Serving a year round population over 15,000; seasonal population doubles!
- Strong small business and industrial business service sector
- Strong forestry and agriculture expertise
- Diverse, entrepreneurial workforce
- Skilled tradespeople
- Abundance of professional services (doctors, dentists, legal, financial, etc.)
Exceptional Recreation, Affordability, and Quality of Life
- Unparalleled access to outdoor recreation adventures
- Affordable commercial, industrial, and residential real estate
- Small town friendliness with innovative service sector expertise
Key Investment Sectors in 100 Mile House:
Timber harvesting, lumber production, and oriented strand board (OSB) production are the major forestry activities in 100 Mile House area. We are home to Ainsworth Lumber Company’s 100 Mile House Oriented Strand Board Plant, 2 West Fraser Mills including 100 Mile Lumber and Chasm Sawmill, plus a Community Forest, and numerous log home building companies and privately held woodlot operations.
Forest employment estimates*
31% total forest sector jobs associated with harvesting & silviculture
45% with timber processing
24% indirect plus induced jobs generated by the forest sector
*Source: 100 Mile House TSA Public Discussion Paper, Min of Forests, Lands & Natural Resource Operations, January 2013
Agriculture has long been an important industry in the South Cariboo region, providing a large part of the region’s character and lore, in addition to employment and economic benefit. There are at least 260 farms in the South Cariboo, half of which produce beef, followed by horses, forage, and a range of other crops. Farms in the South Cariboo are generally smaller than the regional average, with nearly half of farms less than 73 hectares in size. Beef cattle ranching is the predominant form of agriculture in the Cariboo and about 11% of cattle calves in the Cariboo region are produced in the South Cariboo. Both local and global market opportunities for agriculture have been identified, with agriculture propducers currently focused on meeting the local market potential. (Source: Agriculture Enterprise Development Centre Feasibility Study: Stonefield Consulting, 2009)
100 Mile House enjoys a strong local food movement which includes a popular Farmer’s Market, a locally produced Farm Fresh Guide, an Agriplex, and we are the home of the Little Britches Rodeo. The South Cariboo Agri-Culture Enterprise Centre, is an organization based in 100 Mile House, which is dedicated to “assist, encourage and promote local agricultural production and distribution.” Industrial hemp production and manufacturing are also of interest in 100 Mile House, and considerable research into the viability of this new and emerging industry for the South Cariboo has been completed. Strong investment recruitment efforts are underway.
Tourism is another significant driver of our local economy. 100 Mile House offers a diverse winter recreation experience, from renowned cross country skiing, dog sled racing, and snowmobiling, as well as summer attractions like golf, fishing, ATVing, horseback riding, and mountain biking. The natural beauty of the area, and the close proximity to major recreation markets, offers some natural advantages. We are currently expanding and marketing our Gold Rush Snowmobile Trail System, which offers unparalleled access to snowmobiling a historic portion of wilderness from 70 Mile House to Horsefly, and eventually all the way up to Barkerville. Tourism operators along the route as well as service providers in 100 Mile House, will be the main beneficiaries of this initiative.
100 Mile House is the commercial and service hub for a year round population of 15,000 residents, rising to nearly double that in the summer months. Services locally available include: industrial support services supplying the forest, agriculture, and resource economy; commercial services for area residents, small and medium sized businesses and local organizations; health services including a hospital, doctors, and dentists, and a full range of other health professionals; and recreation services for residents and visiting adventure seekers. The communities we service are equally diverse, and include: 108 Mile Ranch, Lac la Hache, Forest Grove, 70 Mile House, Lone Butte, Bridge Lake, Canim Lake, and others.
The three largest operational mines in the general area include: Highland Valley Copper Mine (Teck); Mount Polley Mine (Imperial Metals); and Gibralter Mine (Taseko). In addition to these, there are several other significant and active mining projects underway within a 1.5 hour radius of 100 Mile House. Local deposits include: copper, gold, silver, molybdenum, tungsten, nickel, and cobalt. Most of this local mining activity is in the early exploration stage, with some properties commencing a drilling program in 2013, and others continuing drilling exploration into a second decade.
As well as some smaller claims, some of the notable active projects are: Bonaparte Gold Property (WestKam Gold Corp); Lac La Hache Property (GWR Resources Inc.); Fox Property (Happy Creek Minerals); Harper Creek Project (Yellowhead Mining Inc.); Spanish Mountain Gold (Spanish Mountain Gold Ltd.); Moffat Property [part of the Tak-Milligan project] (Fjordland Exploration Inc.); Golden Loon Project (Planet Mining Exploration Ltd.); Boss Mountain Project (NMC Resource Corporation), and the New Prosperity Project (Taseko).
100 Mile House is well positioned to provide labour, goods & services to these projects. In several cases, we have noticed the economic impacts already of providing these inputs to operational and exploration phased mining projects in the area.
Are you thinking of investing in 100 Mile House?
Here are a few resources to check out.
Other Links & Resources
South Cariboo Chamber of Commerce http://www.southcariboochamber.org
South Cariboo Visitor Information Centre http://southcaribootourism.ca
Community Futures Cariboo Chilcotin http://www.cfdccariboo.com
Northern Development Initiative Trust http://www.northerndevelopment.bc.ca
For all investment related inquiries, please contact:
Phone: (250) 395-2434
Fax: (250) 395-3625
Mail: Box 340, 100 Mile House, BC V0K 2E0