Regional Economic Development Information
Economic Development in the Columbia Shuswap Regional District is provided by three separate sub-regions:
- Revelstoke and Electoral Area B: Funding of economic development is managed by the City of Revelstoke.
- Golden and Electoral Area A: The Golden Community Coop became the home of the community economic development (CED) function in late 2019.
- The Shuswap: Electoral Areas C, D, E, and F are managed by the Shuswap Economic Development. View the Shuswap Economic Development Strategy here. This function will be in operation until the transition is made to the new Shuswap Economic Development Society in 2021.
Formation of the new Shuswap Economic Development Society
In 2021, Shuswap Economic Development will be converting to a new method of delivering its services with the establishment of a non-profit economic development society for the Shuswap region. Currently, Shuswap Economic Development is administered and operated within the Columbia Shuswap Regional District (CSRD), in conjunction with Shuswap Tourism.
Recently, the CSRD Board decided to move forward with the creation of an arm’s length, non-profit society to deliver economic development services to the Shuswap sub-region.
Transferring this service from the CSRD to a non-profit Society is not expected to have a significant impact on annual taxation, as funding amounts would remain similar to the current budget. Funding would remain under the direction of the CSRD Board.
A full-time Economic Development Manager will be hired to manage the day-to-day activities of the Society under the direction of its Board.
The decision to move to a new, non-profit model was supported by the Directors of Electoral Areas C, D and F, but not by the Director of Electoral Area E. Accordingly, the funding partners for the new economic development society will be Electoral Areas C, D and F.
The Directors who supported the creation of this new Society felt greater value could be achieved for the equivalent funds, and that a full-time Economic Development manager was needed.
Board of Directors
The Shuswap Economic Development Society was incorporated on April 9, 2020 under the Society Act (Number S-0073001) to undertake sub-regional economic development planning and provide economic development services for the benefit of the residents of Electoral Areas C, D, and F.
The society shall provide economic development services on behalf of the CSRD for the benefit of the communities in the service area and the CSRD will financially support the Society through an annual operating grant.
The economic development services will address such matters as business attraction, retention and expansion. Services will be designed to encourage job creation, create a sustainable and diverse industrial, commercial, and agricultural tax base and promote a strong economic future for the communities involved.
The CSRD Board approved the new Directors at their September 17, 2020 Regular Meeting.
The SEDS Board of Directors will consist of no fewer than six members and no more than 12 voting directors. Directors are drawn from a wide variety of personal and professional backgrounds. Our desire is also to ensure fair and balanced representation from across the three Electoral Areas.
The next steps will see the society will enter into a service agreement with the CSRD and be ready to provide economic development services by early 2021.