David Formosa

David Formosa General Information

Biography

Mr. David Formosa serves as Mayor at City of Powell River. He has been an award winning entrepreneur since 1979, managing and owning more than 15 private companies. Most of his current business activity is centered on diversified retail and other interests such as transportation, real estate development and rental properties, marinas, the hospitality industry, and venture capital interests. He has been the director of public companies since 1987. In February 2008, he was appointed by the provincial government as a director of the Island Coastal Economic Trust which, with a budget of $50,000,000, reviews projects and allocates matching funding to municipalities, cities and certain private groups where the economic impact is designed to affect entire regions. He is past-president of the Powell River Chamber of Commerce, member-at-large and past director of the Powell River Hospital Foundation, founding director and past executive director of the Bruce Denniston Bone Marrow Society, former founding director of the Powell River Regional Economic Development Society and director and president of the Sunshine Coast/Powell River BC Liberal Riding Association. Dave also served as a director of the Sliammon Development Corporation, a company incorporated to engage in and oversee economic opportunities for the Sliammon First Nation. He resigned his position in 2012. In addition, Dave was a founding director of PRSC Land Developments Ltd, a company owned 1/3 by Sliammon Development Corporation, 1/3 by Powell River Waterfront Development Corporation (of which the City of Powell River is the sole shareholder), and 1/3 by 0606890 BC Ltd (a Catalyst Paper Corporation). He has served at various times on the executive of the Knights of Columbus, a Roman Catholic men's service organization. In 2013, he was awarded the Queen Elizabeth II Diamond Jubilee medal to honour his significant contributions and achievements. In November 2008, Dave was elected to serve a three year term as city councillor for the City of Powell River. He was elected Mayor of Powell River in November 2011 and again in November 2014.