EDITORIAL: Considering economic growth

A task force assigned with examining Summerland’s economy and coming up with recommendations will spend nearly two years on its task.

A task force assigned with examining Summerland’s economy and coming up with recommendations will spend nearly two years on its task.

The Mayor’s Economic Task Force was announced last October and the committee was formed early this year.

Initially, the task force was to complete its analysis and bring recommendations to council within six months. The time line has since been extended and it will be another year before the committee’s work is completed.

An economic development project coordinator will be hired for a one-year term, to work on four components affecting Summerland’s economy.

The total funding, from a Rural Dividend Fund grant and from the municipality, comes to $147,075.

Since the committee was formed, some Summerland businesses have opened while others have closed their doors.

Those which are facing considerable struggles now are in need of immediate help. Another year may be too late.

However, it is important to remember that Summerland’s economy is complex. Developing an economic strategy is not a simple task and there will be no easy solutions.

It takes time and effort to examine the local economy, its strengths, weaknesses and challenges. And it takes time to consider workable strategies for economic growth.

Without adequate research, it is impossible to create a Summerland-specific plan which best addresses our community’s needs. It also takes time to analyze the results and consider the best possible strategies for our business community.

In the long term, a slow, thorough approach is generally the wisest course of action, especially if such an approach can result in long-lasting changes.

However, for some businesses in the community, the challenges are immediate and a one-year planning process may not bring results soon enough to help them.

 

Just Posted

LETTER: Disrespectful behaviour not a reality

During the entire Banks Crescent section of the meeting, there was not a whisper from the crowd

LETTER: Concept image doesn’t show reality

A Banks Crescent concept image used in the Review doesn’t show the trees and background

Letter: Arguments are unsubstantiated

An open letter to the Summerlanders for sensible development group

LETTER: Solly does not meet requirements for collector road

If an attempt to make Solly a collector road is made, it will cost a lot more than $1.2 million

LETTER: Festival of Lights a triumph

Writer thanks organizers for great event

Me Too At Work: Sexual assault and harassment in the B.C. workplace

Introducing an in-depth look at who is affected and what can be done

Bomb detonated in Kamloops neighbourhood

Kamloops RCMP are investigating after an improvised explosive device was detonated Wednesday morning

No More Shootouts: Strong defence will be Canada’s backbone at world juniors

Head coach doesn’t want a situation where a hot goalie or a lucky bounce can determine a team’s fate

‘Assemble your own meal’ kits grow into $120M industry in Canada

Kits offer a middle ground between eating out and grocery shopping

Millennials closing in as B.C.’s biggest wine drinkers

Generation X leads the way in current consumption of B.C. wine, as more wine drinkers are enjoying local varietals

Canadians lag behind Americans in giving to charity

Only one-in-five Canadians donated to charities in 2017

B.C. children adoption rates lagging, despite increased funding: watchdog

More than 1,000 children are still waiting to be adopted, new report shows

Hurdles ahead for Sicamous off-road vehicle bylaw

RCMP, ICBC and province not yet on-board with district

FortisBC to lower natural gas rates in 2018

Rate changes to impact the Lower Mainland, Kootenays, Interior and Vancouver Island

Most Read