The objective of this research is to analyze the extent to which the information and computer technology (ICT) industry in Winnipeg contributes to or detracts from the objectives of a particular economic theory of the whole community---namely, community economic development (CED). This was achieved by developing a CED framework for analysis, conducting a survey of ICT businesses in Winnipeg to gather the required data, and using the collected survey data to complete the analysis. The results of the analysis indicate that the ICT industry is contributing significantly more to some of the objectives of CED than it does to others.