snpink'tn (Penticton) Indian Band Business Opportunity Submission Page

Penticton Indian Band Business Opportunity Submission Process

The Penticton Indian Band (PIB) is dedicated to advancing economic development that aligns with our cultural values, respects our land, and supports long-term prosperity. Our goal is to create meaningful employment, offer training opportunities, and build enduring wealth for our community.

If you are interested in presenting a business opportunity to PIB, please submit a Summary Overview along with your detailed business plan. The form is below

Opportunity Review Process

All submissions will undergo a structured, multi-phase review to ensure alignment with PIB’s strategic goals and community interests. The typical process includes:

1. Initial Intake & Evaluation
   Conducted by the Economic Development Officer.
2. Internal Due Diligence
   Review and analysis by PIB staff.
3. Economic Advisory Committee (EAC) Review
   Assessment by PIB’s advisory body.
4. Shareholder Presentation
   Presentation to PIB shareholders.
5. Community Approval
   Final review and endorsement by the community.
6. Finalization
   Execution of a Memorandum of Understanding (MOU) or Letter of Intent (LOI), as applicable.

Estimated Timelines

• Standard Review: Typically takes 3 to 6 months, depending on the comprehensiveness of the submission.
• PIB Land-Based Proposals: If the opportunity involves band-held lands, a community referendum may be required, extending the timeline to approximately 8-12 months.

We appreciate your patience and respect for our due diligence process. PIB is committed to ensuring that all economic initiatives are responsible, sustainable, and aligns with our cultural heritage and supports the well-being of future generations