Town retains its economic development fund for now

Council voted, 5-2, to maintain the $30,500 in the 2013 budget and $60,000 in subsequent years.

While Sidney town councillors hope that a proposed business improvement area (BIA) will improve the fortunes of local businesses, they won’t get rid of their economic development fund just yet.

The Town of Sidney started a $60,000 fund last year with the goal of sparking some economic studies, projects and, ultimately, cohesion within the business community. Almost half the fund was used in 2012, with some of the money awarded to the proponents of the BIA.

With $30,500 left in the fund, council debated recently to either drop it from their 2013 budget, or keep it intact.

Councillor Mervyn Lougher-Goodey said he wondered if the town should drop the fund and save the money and see what the BIA would accomplish.

“We need to keep in mind that the BIA isn’t certain,” said Coun. Steve Price. “Perhaps we should keep the money in the economic development line item.

Mayor Larry Cross agreed, saying council cannot assume the BIA — still in a counter-petition process — will exist. He added the town has an obligation to support local business in some way.

Coun. Tim Chad urged council to consider making a solid plan for economic development first, before throwing more money into the fund.

Council voted, 5-2, to maintain the $30,500 in the 2013 budget and $60,000 in subsequent years.

 

Just Posted

Peace Walk fundraiser for hospice runs on Sunday

Take a walk, have a snack, and help donate to a local charity

READERS’ CHOICE: Saluting the stars of the Saanich Peninsula

Welcome to the Peninsula News Review’s 13th annual Readers’ Choice Awards, our… Continue reading

BCAM slated to get one of last remaining Lancaster bombers

Approval seems certain despite emotional Torontonian appeals

Saanich Peninsula athletes earn their place at B.C. Games

The Saanich Peninsula will be well-represented next week as the 40th annual… Continue reading

A sled dog with an amazing past shows a young pug the ropes

A local school bus driver and passionate dog lover has written his… Continue reading

BC Games: Day 2 comes to an end

Hundreds of medals have been handed out at the 2018 BC Summer Games in the Cowichan Valley

Brush fire breaks out west of Port Alberni

Fire forces partial closure of Highway 4 heading to Ucluelet and Tofino

Accident on Vancouver Island after artillery gun rolls down hill and damages taxi

Witness says accident happend about 1 p.m. Saturday; RCMP investigating

B.C. mining company, involved in 2014 spill, ordered to pay lost wages

Mount Polley Mining Company must pay wages to 26 employees who were laid off without proper notice

Two significant wildfires burning in southeastern B.C.

More than 20 fires were burning in the Southeast Fire Centre as of Saturday afternoon

Volunteers provide the glue that keeps BC Games moving

The 2018 Cowichan Summer Games had more than 2,300 volunteers on hand across Vancouver Island

No Name brand chicken nuggets recalled due to possible salmonella

Canadian Food Inspection Agency says multiple illnesses reported in B.C., Alberta and Ontario

Lodeiro scores twice to help Sounders beat Whitecaps 2-0

Seattle’s Nicolas Lodeiro opened the scoring in the fifth minute when he converted a penalty kick

Race walker breaks 18-year-old BC Games record

Zone 6 athlete Olivia Lundman crossed finish line with ease, to loud cheers in Cowichan

Most Read