Economic Development: the 2nd Pillar of In-SHUCK-ch's Nation Building Plan:

In-SHUCK-ch Nation

The 2nd Pillar of the Nation Building Plan:

Economic DevelopmentFebruary 2016 Gatherings

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

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 lifeTo do this we implement the Nation Building Plan

A BETTER LIFELife Under

the Indian ActSelf

GovernmentTreaty

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

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

The 2nd Pillar

• Economic Development Plan has 4 components:1) Economic Development Plan2) Asset and Investment Management Plan3) 10 year Financial Plan4) Financial Policy and Process

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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

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

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

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

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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

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

All the pillars relate to

each other through the

budget

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

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

Summary

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Protection of Land & Resources

Social & Cultural

Programs

Operation & Administration

of Gov

Financial Laws

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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