The Penticton Indian Band Development Corporation is the winner of the CCAB Aboriginal Economic Development Corporation (AEDC) Award for 2015. The Penticton Indian Band Development Corporation (PIBDC) is a for-profit Corporation, incorporated under the provisions of the British Columbia Companies Act in 2007, owned by the Penticton Indian Band.
The Penticton Indian Band, implementing property taxation since 2007, is currently engaged with PIB Community members and PIB Lands Department in finalizing an official Comprehensive Community Plan. This objective is to identify those lands to be protected and those lands to be designated for development such as residential, industrial, commercial, recreational, etc.
Economic development will increase the property taxation base, thereby increasing their property taxation revenues, which is being reinvested to improve community infrastructure and support economic growth.