Initiatives Prince George will be no more at the end of the year.
City council has decided to not renew the service contract with IPG, and will be bringing economic development to city hall.
Mayor Lyn Hall says this streamlining decision did not come lightly and will save citizens up to $500,000 a year.
IPG will cease operations at the end of this year.
Council has also asked IPG CEO Heather Oland to lead the transition and manage economic development going forward.
IPG’s Board of Directors has released the following statement;
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“We want to express our regret about the City’s decision not to renew the Economic Development Services agreement. Initiatives Prince George is an organization of excellence and it has been our pleasure to work with the team in serving the community. The City has asked Ms. Oland to lead this transition and manage economic development going forward. We respect the City’s decision and commit to completing an orderly dissolution of the corporation.”
