Penticton Indian Band Development Corporation Recipient of award celebrating Aboriginal economic development in Canada
- EFN Staff | May 27, 2015
The Canadian Council for Aboriginal Business (CCAB) and Sodexo Canada recently announced the Penticton Indian Band Development Corporation as the winner of the CCAB Aboriginal Economic Development Corporation (AEDC) Award for 2015.
Penticton Indian Band Reserve (PIB) is the largest reserve in the Province of British Columbia - 46,000 acres with a current population of 1,034 members.
The Penticton Indian Band Development Corporation (PIBDC) is a for-profit Corporation, incorporated under the provisions of the British Columbia Companies Act in 2007, owned by the Penticton Indian Band.
PIBDC is the principal economic development, marketing and promotional organization for the Penticton Indian Band. PIBDC is the business investment vehicle pursuing business joint ventures and investment opportunities on behalf of Penticton Indian Band community and stakeholders that meet the established investment criteria developed by PIBDC.
PIBDC exists to ensure the certainty of the Penticton Indian Band’s traditional values and provide a sustainable economic return.
“Congratulations to the Penticton Indian Band Development Corporation for demonstrating the vision and courage in the world of business essential for business success,” said CCAB President and CEO JP Gladu. “The Aboriginal Economic Development Corporation of the Year Award proudly gives all Canadians an opportunity to learn more about Aboriginal business success and its role in creating business certainty and sustainable prosperity.”
Sodexo Canada was the founding and exclusive sponsor for the Aboriginal Economic Development Corporation of the Year Award. “Sincere congratulations to the Penticton Indian Band Development Corporation for this honour,” says Barry Telford, President of Sodexo Canada. “When we speak about quality of life we see this exciting award as an opportunity to celebrate the economic well-being and sustainability that Aboriginal Development Corporations bring to their communities.”
The Penticton Indian Band is currently engaged with PIB Community member and PIB Lands Department in finalizing an official Comprehensive Community Plan. This objective is to identify those lands to be protected and those lands to be designated for development such as residential, industrial, commercial, recreational, etc.
Economic development will increase the property taxation base, thereby increasing their property taxation budget. An increase in property tax revenue is being reinvested to improve community infrastructure and support economic growth.
Click here for more Business news.