A high level Business Plan and Companion Document for the new Regional Economic Prosperity service was adopted by the Metro Vancouver Board of Directors in July 2019. This Business Plan reflected lessons learned from successful collaborations in metropolitan areas across North America and who have adopted a regional approach to attracting new productive investment as well as insights from local leaders from member jurisdictions, businesses and their associations, labour, academic institutions and community organizations. To realize the potential of the Metro Vancouver region, this service will leverage and amplify municipal economic development activities and identify opportunities to pool capabilities and resources as well as coordinate efforts among the parties with an interest in the prosperity of the metro Vancouver region.

The business plan provides a first high-level perspective of what a regional economic prosperity service provided by Metro Vancouver entails: how it will be structured within Metro Vancouver, the scope of work, description of activities, resources required, and key performance indicators for measuring success.