After his Ridley career, Reid attended McGill University. He served his country with the RCNVR during World War II 1944-45 and maintained his naval connection through the RCNVR, Crow's Nest, Naval Officers' Association and the Navy League of Canada. He proudly served as the Honorary Colonel of the First Battalion of the Royal Newfoundland Regiment. Reid served his community as a volunteer in support of many organizations and causes including the Canadian Cancer Society; St. Clare's and Grace Hospitals; Duke of Edinburgh Awards; Quidi Vidi Rennie's River Development Foundation. He was a business leader through Ian J. Reid & Co.; Reid Newfoundland Co.; Job Brothers; Blue Buoy Foods; Atlantic Blue Cross and was the first chair of the Canadian Centre for Fisheries and Innovation. In 1997 Reid was made a Member of the Order of Canada in recognition of his voluntary service to the community. After his death, the Ian Reid Award was developed in his honour by the Centre for Fisheries and Innovation: “Mr. Reid was a smart business leader and the first chair of the Canadian Centre for Fisheries Innovation. He was passionate about industry and change. This award has been established as a way for us to acknowledge his significant career in fisheries.” Reid died in 2010 in St. John’s, Newfoundland.