Lumby wants to tap into provincial dollars as a way of bolstering the regional economy.
The village is currently investigating ways to access the B.C. Rural Dividend and it could possibly include working with the Splatsin, Enderby and Sicamous.
“We want to create business models with partners,” said Mayor Kevin Acton.
Among the potential projects funds could go towards are biomass energy, preserving the rail corridor and expanding the community forest.
The goal of the three-year $75-million Rural Dividend is to assist rural communities with populations under 25,000 diversify economically.
Funding of $25 million per year is available for community capacity building, workforce development, community and economic development and business sector development.
Single applicants can apply for up to $100,000 for community-driven projects and must contribute at least 20 per cent of the total project cost.
Partnerships involving more than one eligible applicant can apply for up to $500,000, and must contribute 40 per cent of the total project cost.
Acton wants to see if Lumby can pull together other small communities in the North Okanagan.
“They (provincial government) are really encouraging partnerships and we have a great partnership with the Splatsin already through the community forest,” he said.