The EOF were created specifically as a means of compensating for the loss of economic opportunities on those lands affected by the dams and reservoirs and the resultant economic impacts to the affected communities. As such, the EOF are to provide funding assistance for projects deemed by the participating members and ratified by the CSRD Board to be worthy of support in an effort to stimulate economic development within the impact areas.
Impact Areas are as follows:
- Golden and Area ‘A’
- Revelstoke and Area ‘B’
- Sicamous and Area ‘E’
- Area ‘B’ only
Criteria for accessing each EOF will be based on the demonstrable and enduring benefit to the economy of the affected communities at large. The EOF are designed to stimulate economic generators, transportation facilities and infrastructure development supportable jointly by the participating members involved and approved by the CSRD Board.