Economic Development

Lyackson First Nation
5-Year Economic Development Plan Q & A’s
Lyackson First Nation has taken on the important task of completing a 5-Year Economic Development Plan, which will help Chief and Council make decisions how and where to move ahead with business ventures on Le’yeqsun (Valdes) Island. Laich-Kwil-Tach Consulting Group is excited to be working with Lyackson First Nation on this project. There will be a survey going out in the very near future; we encourage you to participate in this exciting initiative for our Nation.
Why do an Economic Development Plan?
Many First Nations do economic development to make money to be self-sufficiency and move away from being dependent on the Federal Government for funding and other Nations use economic development to create jobs for their members. Whatever the reason, a plan for Economic Development completed with community input becomes a guide for Chief and Council. The Plan will be used when deciding on what business ventures to move forward with and to use when investors approach the Nation about development opportunities.
The Plan will lay out ahead of time the type of economic development the members are in agreement with. The Plan will also give an overview of the possibility of success and risks of each type of development. With a Plan the Nation can move forward with confidence.
How will the Plan be completed?
The Plan will be completed after the Land Use Plan. The Land Use Plan will designate what land areas the membership has decided are best for business ventures.
The consultants will meet with members in Victoria and Duncan in community meetings to get members input and opinions. We have also created an on-line survey to reach those who cannot attend meetings. With the assistance of Lyackson staff we hope to reach as many members as possible.
Please have your voice heard and complete the short survey. The survey link will be emailed directly to those that have emails on file with the band office; it can be found on Lyackson’s Facebook page; and on the website.
What will be included in the Plan?
After the top choices for economic development are chosen by the community, the consultants will include in the plan, studies on each business venture listing the strengths, weaknesses, risks and opportunities of proceeding with the venture.
The potential work force that might be available from Lyackson members given their training, skills and desire to work/live on Le’eyqsun Island will also be analyzed.
Lastly, recommendations for steps to put the plan in place over the next 5 years will be given.

Watch for More Information Coming Soon