In 2014, the VCF with the Board of Directors and two staff worked on expansion and purchased the ‘old mill site’ with financial support from Northern Development Initiative Trust and Columbia Basin Trust. The mill site was renamed as the Valemount Industrial Park. In 2019, the original Valemount Community Forest split into two companies – one to manage the community forest operations and the other (Valemount Industrial Park) for industrial land management.

The VIP currently has eight lessees.

The Valemount Community Forest also uses the industrial park to sort and store logs. The log yard has been able to supply logs for value added products in the Robson Valley. These logs are usually hand scaled and graded to accommodate the small volumes and unique demands for local mills. The weigh scales operate intermittently for customers.

The VIP continues to upgrade infrastructure such as the water system and three phase electrical power. Future plans includes a fire suppression system.