At its December 7th 2015 meeting, Esquimalt Council voted to support the new South Vancouver Island Economic Development Association (SVIEDA).
“This initiative is aligned with our own economic development strategy and, through collaboration and advocacy, provides more leverage to attract investors, businesses and young workers to our region, which benefits all municipalities,” said Mayor Barbara Desjardins.
Based on a blended allocation model, the Township will contribute $5122 in startup costs, $15,365 in 2016 and $34,621 in 2017 to the organization, set to launch on April 1, 2016.
The goal of the new association is to develop a regional model for economic development to attract investors, new business and trade, and covers all businesses, employees and municipalities south of the Malahat on Vancouver Island.
It is expected that the Greater Victoria Development Agency Board of Directors will serve as interim directors of SVIEDA.
For more information, please contact:
Laurie Hurst, Chief Administrative Officer
Tel: 250-414-7133