The Olds Institute for Community and Regional Development has a mandate to develop a long term Economic Development Strategy for the municipality of Olds Alberta.
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Economic Development and Municipal Sustainability
Committees with the Institute include Investment Attraction, Business Retention, Community Lifestyle, Finance, Marketing, Opportunity ID, and Technology.
Are you looking for a community to invest in? Look no further than Olds, Alberta.
The Institute supports local business in their expansion plans, and encourages business to remain in Olds.
We are engaged in initiatives that enhance the social and economic development of the community of Olds.
Thanks to the financial support of our economic partners, the Institute is able to support the community.
Promoting the Olds Institute to its residents and business investors, and marketing the community to the world.
The Institute researches needs in the community identifying opportunities that will make Olds sustainable.
Olds will be one of the first communities in Alberta to offer fibre to the premises for residents and businesses.
Business &
Investment Attraction
Business Retention
& Expansion
Community
Lifestyle
Finance
Marketing &
Communications
Opportunity
Identification
Technology

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Olds Institute - Vision/Mission
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VISION
Adopted by the Board of Directors, February 19, 2008
To be the recognized leader in sustainable community and regional development.

MISSION STATEMENT
Adopted by the Board of Directors, February 19, 2008
Olds Institute for Community and Regional Development encourages and facilitates community and regional economic growth and well being.

OUTCOMES
Adopted by the Board of Directors, February 19, 2008

  1. Generate synergy resulting in outcomes of benefit to the community
  2. Support focused economic growth to succeed in the global economy.
  3. To be the stewards of sustainability.
  4. Young families see Olds as a community of choice to work, live and play.
  5. Provide a forum to exchange concepts, initiatives and information.
  6. Be a point of engagement and conduit of communications between Town Council and community stakeholders on community and economic development matters.
GOAL
Olds is the small and medium size business capital of Rural Alberta.

TERMS OF REFERENCE FOR COMMITTEES

PURPOSE

To have consistency with clear lines of communication and accountability on how committees of the Board function.
POLICY
Each committee of the Board shall have terms of reference. The terms of reference shall include the following:
  • A stated purpose or vision.
  • Objectives
  • A membership structure and process for selection.
  • A process for the election of officers (According to our bylaws, each committee picks its own chair.)
  • A process for the development of an annual budget and submission of revenue and expenses
  • A process for the development of timelines and a work plan
  • Established lines of communication and accountability to the Board of the Society
  • An evaluation process

PROCEDURE

Board Members of the Institute will facilitate the development of a Terms of Reference with the members of each committee and ensure the above policy is implemented by Committees of the Board and approved by the Board.
Essential Members   >>   Town of Olds | Olds & District Chamber of Commerce | Olds College | Olds Agricultural Society
Associate Members   >>   Chinook's Edge School Division | Mountain View County
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