Strategic Plan
Northern Development’s Strategic Plan outlines the mandate, vision, mission, goals, objectives and programs of Northern Development Initiative Trust. Each year an updated Strategic Plan will be available.
Vision
The Board of Directors of the Northern Development Initiative Trust holds a vision of the future for the Trust regions:
Northern BC has world-class industries, diversified regional economies and growing, energetic communities
Mission
The Board has formulated their mission to express how they see the Northern Development Initiative Trust as contributing to this vision of northern British Columbia.
To be a catalyst for northern BC to grow a strong diversified economy by stimulating sustainable economic growth through strategic and leveraged investments
Overriding Goal
To directly and through leverage, put $2 billion into communities to realize their economic potential by 2020 and simultaneously have $250 million seed money to do it again every decade.
This Goal Entails the Following:
- Return on investment (ROI) of 7% on invested funds
- Leveraging ratio of at least $5 from other sources for every $1 invested in projects
- Creation of 10,000 jobs
- Strategic leadership and advisory/facilitation services for our region
- Over 1,000 funding partnerships and 2,500 projects
- 100% of communities engaged and positively impacted
Envisioning the Future
- To be a catalyst to positively impact the economy of central and northern British Columbia;
- To leverage and encourage others to invest in economic development;
- To create a positive investment climate and measure the economic benefits of Trust investments in the area;
- To diversify and increase the economy of Northern Development Initiative Trust communities and regions; and
- To influence the type of growth by encouraging sustainable enterprises that will diversify local economies and benefit residents.
