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  "documentTitle": "Presentation to Regional Economic Prosperity Management Board",
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      "text": "Economic development organizations present in the region will collaborate with Metro Vancouver. The new service proposed for Metro Vancouver assumes that the existing economic development stakeholders in the region will collaborate with Metro Vancouver as it performs this service.",
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      "text": "The service delivered by Metro Vancouver will not replace the activities performed by member jurisdictions and other stakeholders. It is assumed that municipalities and local stakeholders will continue to perform a range of activities to attract investment once the new service is fully established within Metro Vancouver.",
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      "text": "Metro Vancouver operates a regional economic prosperity service. This report presents a model under which the proposed service will be delivered by Metro Vancouver.",
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      "text": "Federal and provincial government agencies are supportive of Metro Vancouver's efforts to attract new investment to the region. It is assumed that federal and provincial government agencies will work collaboratively with Metro Vancouver to assist in achieving regional investment attraction objectives.",
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      "text": "The vision for the model is consistent with the draft Business Plan approved in 2018. The vision statement is to \"[collaborate] to advance shared economic prosperity, livability and sustainability in Canada's Pacific gateway.\"",
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      "text": "Core funding will be drawn from Metro Vancouver's budget and be phased in over 5 years. Funding will be phased gradually over a five-year horizon starting in 2019. The total annual funding is assumed to be $0.4M in 2019, $1.0M in 2020, $1.5M in 2021, $2.0M in 2022 and $2.5M in 2023. It is possible for this to be supplemented by other sources, such as project-specific funding.",
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      "text": "Attracting Foreign Direct Investment to the region is a priority function. Since bringing new strategic investment to the Metro Vancouver region is viewed by stakeholders as the key objective of this initiative, this report assigns top priority to attracting Foreign Direct Investment.",
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