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