Economic Development: the 2nd Pillar of In-SHUCK-ch's Nation Building Plan:
1. In-SHUCK-ch Nation
The 2nd Pillar of the Nation
Building Plan:
Economic Development
February 2016 Gatherings
2. Nation Building
• Agenda:
– Overview -The Nation Building Plan
– A Better Life
– The 4 Pillars of the Nation Building Plan
– Focus today on Economic Development Pillar
– 4 Building Blocks that make up the Economic
Development Pillar
– Summary & Conclusion
3. The Nation Building Plan Overview
• Treaty is a tool for us to achieve self-government so
we can be in charge of our own destinies.
• Once we ratify the Treaty we will have to start Nation
Building – forming and planning our self government
and building a better life
To do this we implement the Nation Building Plan
A BETTER LIFE
Life Under
the Indian Act
Self
Government
Treaty
4. Building a Better Life
Sustainable
Economy
Self
Government
Assuming
authority over
our lives and
lands
A BETTER LIFE
Healthy
Communities
Strong
Culture
Jobs
Our
own
LawsHealthy Lands
and Sustainable
Resources
Education
Housing
Fair and
equitable
society
Language
Protocols Our own
Institutions
Entrepreneurs
Generate
revenue
Invest in
future
5. The 4 Pillars of the Nation Building Plan
• The Nation Building Plan covers four
categories:
– Government and Administration
– Economic Development
– Land, Resources and
Capital Infrastructure
– Social Development
These are the pillars for
rebuilding our Nation
6. The 2nd Pillar
• Economic Development Plan has 4
components:
1) Economic Development Plan
2) Asset and Investment Management Plan
3) 10 year Financial Plan
4) Financial Policy and Process
1
2
3
4
7. 1) Economic Development Plan
• This plan will identify where economic opportunity
can be used to bridge the gap between government
transfers and Nation expenses.
– identifies how and when the Nation should take
advantage of economic opportunities
– Prioritize opportunities based on community fit and
financial return
8. 1) Economic Development Plan
• Will build on our work we are already doing:
– The Wealth Creation Plan
– The Business Governance Structure
• Economic Development Plan must be
consistent with:
– Constitution
– Economic Development Act
– Land Use Plans
9. 2) Asset and Investment Management Plan
• At Treaty effective date In-SHUCK-ch will also
need to manage wealth.
– Appropriately manage and invest large capital
transfers
– Save: Responsibility to put funds aside over time
– Invest: short-term and long-term investments so
money can grow
• create income for the Nation
10. 2) Asset and Investment Management Plan
• Develop the plan in a manner that is inclusive of
membership and leadership feedback.
– Transparency
• Provide assurance to membership that large capital
transfers are being responsibly managed.
– Money is protected
$
11. 3) 10 year Financial Plan
• A 10 Year Budget:
– Show all the funding inputs and expenditures the
Nation expects to occur over the ten years
following the Treaty effective date
• Sources of funding:
– Income from ec dev and investment
– Gov transfers and other funding sources
• Expenditures:
– Gov operations
– Investment in capital and infrastructure
12. 3) 10 year Financial Plan
• Other Plans will Drive the Budget
– Operations Plan
– Economic Development Plan
– Social Development Plan
– Health Plan
– Education Plan
– Land Use Plan
– Capital Plan
13. 4) Financial Policy and Process
• Combine and streamline In-SHUCK-ch Nation,
Samahquam and Skatin’s financial processes
– So they can function as coordinated entities in a
single government.
• harmonized financial policies
– Result in a more efficient administration, greater
accountability and improved provision of
programs and services to citizens
14. 4) Financial Policy and Process
• A Financial Administration Law will be developed to
provide a legal framework which this collection of
policies can operate under
– Policies are translated into action in the financial
process
Financial Administration Law
Financial
Policy A
Financial
Policy B
Financial
Policy C
Process Process Process Process Process
16. Conclusion
• 1) Economic Development Plan: to take advantage
of opportunities and generate own-source revenue
• 2) Asset & Investment Plan: to protect and grow our
capital
• 3) 10 year Financial Plan: to spend our money
wisely through budgeting
• 4) Financial Policy and Process: to streamline and
create efficiency in the way we administer our
finances
Editor's Notes
As we spoke of earlier there are four pillars of our nation building plan. As we work on the plans in each pillar and carry out each plan we become a stronger, more independent and capable Nation.
Economic Development is the second pillar we will be talking about
This is another look of the Nation Building plan we talked about in November.
As we discussed in November, we will start implementing the Nation Building Plan once we ratify Treaty
Remember, Nation building is the process of rebuilding our government, our institutions, and our society to reflect the vision we want for our Nation.
The Golden Apple is the state where we have all the things we need to have happy, healthy lives and communities.
It is made up of all the aspects that people identified during the community sessions in whistler, where people talked about what was important to them.
Some of these aspects of our vision for a better life relate to Economic Development and Building a sustainable local economy (shown in red)
Each will be needed to be a real Nation so we will discuss them as the only(main?) topic at a meeting.
The first pillar will be Gov’t and Administration. As you can see there are many parts to it.
The Plan drives the budget, the budget doesn’t drive the plan (Different than under the Indian Act where you cannot plan that way)
Financial Transparency and Accountability will be central to everythingg