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.