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 SEDS Board of Directors will consist of no fewer than six members and no more than 12 voting directors. Directors will be 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.
We are hoping to recruit and select the inaugural SEDS Board of Directors by early Fall 2020, with the expectation that the society will enter into a service agreement with the CSRD and be ready to provide economic development services by early 2021.
Roles and Responsibilities of the Board of Directors
The new Shuswap Economic Development Society will be governed by a Board of Directors representing Electoral Areas C, D, and F, as well as Indigenous community representation. The governance board will be responsible for the oversight of the society's activities and will set policy and direction to guide the organization in fulfilling its mission, mandate and vision.
A Director is expected to be fully informed on organizational matters, and participate in the Board’s deliberations and decisions in matters of policy, finance, programs, personnel and advocacy. Directors must:
- Consider and make decisions on matters of policy and other recommendations received from the Board, its committees and senior staff
- Monitor all Board policies
- Review the bylaws and policy manual and recommend bylaws changes as appropriate
- Review the Board’s structure, approve changes and prepare bylaw amendments as needed
- Oversee and approve the development of the SEDS‘s annual work plan including an annual review
- Approve the SEDS's operating budget
- Approve the hiring and release of the Executive Director/Economic Development Officer (ED/EDO), including the ED/EDO’s employment contract
- Support and participate in the annual evaluation of the ED/EDO
- Assist in developing and maintaining positive relations among Board, committees, staff members, partnering agencies, and the community to enhance the mission of the organization
- Provide ongoing input to the ED/EDO in regards to local business conditions, issues, needs and opportunities.
It is expected that the selection of qualified individuals to serve as Directors will bring a broad range of business and industry experience, as well as equitable community representation within the three Electoral Areas. Board member qualifications will be evaluated against the SEDS's competency matrix (See below).
Directors for Electoral Areas C, D, and F may attend Board meetings in an advisory capacity but will not have voting privileges.
As a member of the Board, a Director acts in a position of trust for the economic health of the community and is responsible for the effective governance of the organization. Requirements of Board members include:
- Commitment to the objectives of the organization
- Knowledge and skills in line with the SEDS's competency matrix (See above)
- Willingness to sit on regional sub-committees
- Attendance at Board meeting
- Attendance at meetings of assigned committees
- Attendance at Annual General Meetings
- Support of special events
Term of Office
Up to 12 Director positions are available for up to a three-year-term. Directors may be reappointed for a subsequent term(s). Initially, Board members may be asked to serve staggered terms for succession planning purposes.
The Board of Directors will meet approximately six times per year at the direction of the Board, typically in the Sorrento/Blind Bay Area. Additional meetings may be by teleconference and Directors are also expected to participate on sub-regional (i.e., Electoral Area) advisory committees.
Directors will be appointed as volunteers, and, therefore, the society will not pay Director remuneration.