What Model Should I Use For My Plan?

An economic development plan is long-term, so when determining which model will work best for you, one of the key things to keep in mind is how effectively the organization and its members will be able to function over the long-term and leverage partnerships.

This will have a direct effect on your ability to: 

  • create support networks
  • encourage cost sharing and access funding sources
  • increase efficiencies of service delivery
  • develop collaboration and teamwork across organizations and communities
  • create political influence 
  • help build capacity
  • leverage scarce resources
  • enhance the credibility of your economic development program
  • follow through on activities to achieve goals

Based on your community and the model selected, economic development functions can be delivered either internally or contracted to external resources. Your function choice will determine the staffing, resources, funding opportunities, accountability, professional background and experience of committee members, and the ability to network with and draw support from organizations and interests in your community and across the region.  Examples of these functions include:

  • voluntary economic development committee
  • in-house economic development staff assignments, department or division of local government
  • economic development corporation, arms-length and external to local government
  • regional development partnership
  • incorporated organization 
  • non-profit organization 
  • economic development task force 
  • First Nations development corporation           
  • service contract with an outside organization
  • blended models, combining in-house and outside resources  

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