Media release: Agreement signed for SRDA establishmen
News item information
Southland District Mayor Gary Tong has been elected chair of the new Southland Regional Development Agency (SRDA) joint shareholders’ committee.
On Tuesday the shareholders formally signed off an agreement for the establishment of the agency and elected Mr Tong. The shareholders of the agency include the four local authorities of Southland – Invercargill City Council, Southland District Council, Gore District Council and Environment Southland, together with five local community organisations – Southern Institute of Technology, Invercargill Licensing Trust, Mataura Licensing Trust, the Chamber of Commerce and the Community Trust South. Together they make up the joint shareholders’ committee.
“The new agency structure will pack a powerful punch with Southland’s major development organisations as its shareholders,” Mr Tong said.
“We’ve got some big opportunities and some big challenges. We need an organisation with sufficient scale and a clear sense of purpose, representing the broad interests of Southland, to take us into the future.”
The role of the committee is to appoint the board of the new SRDA, which will incorporate the current Venture Southland. The committee will also set the directions and priorities for the agency through an annual Statement of Intent.
More than 90 people applied for the six positions on the board and a selection process, overseen by the committee, is now being undertaken. Appointments will be announced in early 2019.
The SRDA will gradually become operational in the first half of 2019 and will begin its first full financial hear from 1 July 2019.