On Tuesday, Oct. 6, city council endorsed a plan to conduct a review of the Kingston Economic Development Corporation (KEDCO) in collaboration with the KEDCO Board of Directors.
The review process will ensure that KEDCO is delivering services that are of value to the community and are aligned with the City of Kingston priorities, and that its processes and performance are transparent and well understood by the community.
On Oct. 21, Mayor Bryan Paterson announced Brock Dickinson of MDB Insight will act as an external development expert to assist in the KEDCO review process. See the announcement or Dickinson's MDB page for more details on his extensive experience. Along with the KEDCO review committee, he will examine best practices from other communities as it considers ways to change and improve KEDCO. Ultimately, the review aims to set a path forward that will ensure the highest possible return from municipal investment in local economic development.
The committee will conduct the review and public consultations from mid-November 2015 to March 2016 and is expected to offer its recommendations to the KEDCO Board and city council in April of 2016.
Here is an overview of the review timeline:
KEDCO Review Committee
For meeting dates, agendas and minutes from the review committee visit the KEDCO website.
Establishing a review committee – Oct. 10 to Nov. 17
The KEDCO review committee will be made up of:
- Four community members
- Two city councillors
- Two KEDCO board members
- The City's CAO
- KEDCO interim CEO
- One economic development expert, external to Kingston
Orientation, planning and research – Nov. 15 to Dec. 15
After being selected and confirmed by city council by Nov. 15, the review committee will receive an orientation on the review process and then develop a detailed plan to conduct its research and consult with the public.
The review committee is being asked to consider KEDCO's:
- Organizational structure
- Funding structure
- Service delivery model (including whether Tourism Kingston should be a separate entity)
- Capability to undertake, promote and fund economic development
- Key performance indicators – measures of success
The KEDCO review committee will launch its public meetings/consultations starting in January 2016.
The City wants to take advantage of public interest to gather immediate input on this review and will be offering input opportunities throughout this process.
We want to capture your ideas and suggestions, understand your priorities and create a collaborative and constructive path forward.
During the KEDCO review, you will be consulted through: public meetings, online surveys/online chats, industry meetings and other feedback opportunities.