Plans are moving forward to establish an Economic Development Commission (EDC) in Sidney after Town Council approved a recommendation from the Select Committee on Economic Development, at the May 11th Council Meeting. The formation of the EDC is a result of one of the key recommendations of the Mayor’s Downtown Revitalization Task Force which was established in April 2014 and provided a final report to Council on October 9th, 2014. The final Task Force report included a recommendation for the Town of Sidney to take on a more active role in economic development.
Council has determined that the new EDC will be a “roll-up-your sleeves”, action oriented committee, rather than simply playing an advisory function. Its focus will be on fostering and enhancing a positive environment to ensure economic success in Sidney, specifically relating to the goals and recommendations established by the Mayor’s Task Force. This includes initiatives such as developing and implementing a formal economic development strategy through stakeholder input; business retention, expansion and attraction initiatives, and working with other community organizations and businesses to create synergies. Once established, the EDC will adopt a formal Terms of Reference that further details the mandate and goals of the Commission.
The makeup of the Commission will consist of 9 voting members. The Sidney Business Improvement Area Society, Saanich Peninsula Chamber of Commerce and West Sidney Industrial Group will each be invited to nominate potential candidates from their individual membership and the Town will also advertise for members at large. The Town will be advertising and interviewing to fill the positions in late August with a goal to have the EDC up and running by October 1st.
The Discussion Paper on a Draft Terms of Reference for a Proposed Economic Development Commission can be found on the Town’s website on the May 11th Council Meeting Agenda. Further information about the recommendations of the Mayor’s Downtown Revitalization Task Force can also be found on the website.
Media Contact: Mayor Steve Price