COMMUNITY ECONOMIC DEVELOPMENT PROJECTS 02 December 2014 Prepared for: Northern Economic Development and Initiatives Committee Squamish-Lillooet Regional District c/o District of Lillooet PO Box 610 615 Main Street Lillooet BC V0K 1V0 Prepared by: Fraser Basin Council www.fraserbasin.bc.ca Contact: Mike Simpson, MA, RPF Senior Regional Manager, Thompson 200A - 1383 McGill Road Kamloops BC V2C 6K7 T: (250) 314-9660
[email protected] 1 Executive Summary The Fraser Basin Council (FBC) is under contract with the NEDI Committee, made up of representatives from the Squamish-Lillooet Regional District and the District of Lillooet to conduct four economic development projects including: 1. Project A: Governance Model Feasibility Study for Shared Service Delivery 2. Project B: Community Visioning 3. Project C: Community Asset Inventory 4. Project D: Economic Leakage Analysis Project A – Governance Model Feasibility Study for Shared Service Delivery The feasibility study included conducting a literature review and interviews with other regions that have similar attributes to that of the northern SLRD. The literature along with the interviews revealed similar results, primarily the need for relationships and communication between all of the groups involved in an economic development shared service. The Fraser Basin Council recommends that an economic development steering committee be formed to guide the direction of a shared economic development service with representation from all of the parties involved across the sub-region. During the first year, the development and implementation of the service should be facilitated by a third party, non-profit society. Once the committee membership and service have been established, the committee may form a new non-profit society/join an existing one and hire a staff person to carry out the work, or continue to utilize a third party.