Time We Discuss: What it Takes to be a Funder in 2025
Watch/Listen to this Episode What it Takes to be a Funder in 2025
Joel McKay, CEO of the Northern Development Trust in northern British Columbia, is featured in this episode of Time We Discuss where he focuses on his role as a "funder." This term refers to individuals or organizations that allocate government funds to support community and economic development projects, distinguishing them from private investors. McKay explains that while angel investors seek financial returns, funders prioritize social and economic benefits. His agency, set up with provincial government funds, invests in community-driven projects like airport expansions, broadband infrastructure, and tourism initiatives.
McKay highlights the scale and challenges of serving a vast, sparsely populated area, emphasizing the importance of relationships with local organizations and governments. The Northern Development Trust operates with its own capital, and grants are disbursed only after projects are completed, ensuring accountability.
McKay also shares insights into his unconventional career path, starting as a journalist and transitioning into public relations before becoming a CEO. He attributes his success to strong communication skills, relationship-building, and adaptability. McKay stresses the value of hiring for cultural fit over technical skill, fostering a supportive and mission-driven organizational culture.
The discussion touches on leadership, personal growth, and career advice, underscoring the importance of taking risks, embracing failure, and maintaining curiosity. McKay concludes by sharing his passion for writing horror fiction and inviting listeners to explore his literary work, reflecting his multifaceted personality and creative pursuits.
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Also Mentioned in This Episode:
- How to Become a Publicist in 2024 and What Does a Publicist Do?
- How to Become an Equity Analyst
- Senior Manager
- Freelance Book Editor - How to Turn Your Passion Into a Career
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