Economic Development Strategy 2020

The City of Nanaimo has initiated an update of a number of key strategic planning policy documents in 2020, including a new comprehensive Economic Development Strategy.  The Economic Development Strategy will take its overarching direction from Council’s Strategic Plan and be integrated into the City’s new Official Community Plan.  This strategy will provide the roadmap for building a thriving, resilient and prosperous region over the next five years.

The purpose of the strategy is to strengthen the economic base of the region and contribute to sustainable prosperity for residents and businesses.  The strategy will set the future direction for economic development in order to increase opportunities for the growth of existing businesses, the establishment of new enterprises and increased employment opportunities for our residents.

Nanaimo City Council made a commitment to re-establish the City’s economic development function following the closure of the Nanaimo Economic Development Corporation in 2017.

On November 18, 2019 Council established the The Economic Development Task Force (EDTF).  The Task Force has two deliverables: to create an economic development strategy for the City of Nanaimo and to develop an external agency (Nanaimo Prosperity Agency).

Economic Development Strategy

Lions Gate Consulting Inc. was the successful proponent for the Nanaimo Economic Development Strategy bid.  Work has commenced on the Economic Development Strategy while observing all COVID-19 protocols for public safety.

A business survey has been developed as an important part of the overall engagement program. The input and insights gleaned from this survey and other business engagement processes will help inform the direction, goals and priorities for a new Economic Development Strategy.  All business owners in the City of Nanaimo are encouraged to fill out this survey by July 17, 2020.  The survey can be accessed here: https://form.simplesurvey.com/f/s.aspx?s=b138793e-81c5-423c-816a-a48c4e1d6744

Nanaimo Prosperity Agency

Neilson Strategies was hired to recommend a economic development service delivery model.  Work on the development of the external agency continues, a draft framework for the external agency will be shared with the Task Force at a future meeting.  Once a preferred model is developed, the Task Force will provide a recommendation to Council.

 

 

  • Progress
    • The inaugural meeting of the Economic Development Task Force was held on December 9, 2019 .  The Terms of Reference for the Task Force was reviewed with the membership and initial input on the Request for Proposals for the economic development strategy was received.
    • The next meeting was held on Jan 06, 2020, during which time the Task Force members reviewed the draft Request for Proposals for the economic development strategy, discussed the external agency format, and approved a tentative Task Force work plan. 
    • The Request for Proposals for the economic development strategy was issued on Jan 15, 2020 with responses due by Feb 14, 2020.  The proposals were reviewed by the appointed Task Force members and the consultant, Lions Gate Consulting Inc., was selected for the assignment.
    • The third meeting was held on Feb 18, 2020 in which Neilson Strategies was asked to facilitate a session with the Task Force around options for the external agency.
    • Lions Gate Consulting Inc. have commenced work on the Economic Development Strategy.  In the May 13th Task Force meeting Steve Nicol, President, Lions Gate Consulting Ltd., provided a presentation regarding the initial findings of current situation assessment and obtained input from the Task Force on the engagement process for developing the economic development strategy.
    • The preliminary stages of the work plan include background research and data analysis.  The community engagement strategy includes stakeholder interviews, community-wide survey, business survey and  sector workshops to refine goals, identify specific actions, and complete the strategy.
    • Work on the development of the external agency continues, which is being led by Neilson Strategies, who is in the process of developing a draft framework for the external agency that will be shared with the Task Force at a future meeting.  Once a preferred model is developed, the Task Force will provide a recommendation to Council.

     

  • Documents
  • Details
  • Background

    Council made a commitment to re-establish the City’s economic development function following the closure of the Nanaimo Economic Development Corporation in 2017.

    In April 2019, Council engaged the services of Neilson Strategies to review the economic development function and to recommend a service delivery model.

    The findings by Neilson Strategies were presented to Council at the 2019-SEP-09 Council meeting with recommendations to: 

    • Deliver economic development through an in-house/City-owned agency hybrid model.
    • Create a new external agency (the Nanaimo Prosperity Agency) to complement the City’s in-house expertise.
    • Allocate specific functions between the internal and external agency.
    • Establish a committee (task force) to over see the creation of a new economic development strategy and to further develop the external agency.

    The Terms of Reference for the Economic Development Task Force (the ‘Task Force’) were approved at the 2019-OCT-07 Council meeting.  The Economic Development Task Force (EDTF) was established by Council on 2019-NOV-18.  The Task Force has two deliverables: to create an economic development strategy fro the City of Nanaimo and to develop an external agency (Nanaimo Prosperity Agency).

    The Task Force is comprised of thirteen members, including representation from:

    • City Council members (2)
    • Snuneymuxw First Nation
    • Vancouver Island University
    • Chamber of Commerce
    • Nanaimo Port Authority
    • Nanaimo Airport
    • Community Futures
    • Five members-at-large

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