The Lake Cowichan First Nation embarked upon an ambitious journey when it made the decision to adopt a community-based approach to developing its 5-Year Economic Development Strategic Plan. It did so because the community members and its Chief and Council were ready to embrace change. The community recognized the economic development potential of its lands and resources, and of its location and wishes to capitalize on the opportunities that exist.
The Lake Cowichan First Nation Economic Development Strategic Plan is a strategic plan for the future of its economic development. The strategy is meant to be viewed in the following ways:
For Lake Cowichan First Nation, this 5-Year Economic Development Strategic Plan is a starting point rather than the end point of a process that will take the community out of a state of dependency and into an era of prosperity that will reestablish the Nation’s place in its traditional territory and in a competitive position in the regional, provincial, national, and global economy. Effective implementation of this report will require constant review. New information and ideas will need to be incorporated into the report from time to time. This report must therefore be dynamic and responsive to the ever-changing economic and social environment.