2015-12-14 General Committee Agenda Attachment 1 to Item 3 Noosa Shire Economic Plan

        5
                                                                    Local Economic Plan
                                                                 Strategic & Poilcy Direction - Rationale,
                                                                    Objectives, Priorities. 5 Year Plan



    The Local                                                               Action Plan
  Economic Plan                                              Annual - High Level Priority Actions to Achieve
                                                             Strategic & Policy Direction. Reviewed Annually



Noosa shares the challenge of developing high                          Implementation Plan
value, low impact knowledge industries with many
                                                            Annual Projects - Who Does What, When and How
other regions. However we have the opportunity to
tailor our response to our own circumstances. While
this will include a number of universal approaches
to business development, such as networking,            Focus of Actions
technology uptake, grants and/or funding and
                                                        •   replace population growth with growth in industry
promotion, it takes, above all, a home-grown
                                                            sectors that have high economic value, particularly
response to our local opportunities, challenges and
                                                            those that have a low environmental impact and
issues.
                                                            export products and/or services outside of the
There is little disagreement that knowledge and ideas       Noosa Shire
are the currency of future economies, particularly      •   diversify the structure of the local economy and
as the global trend toward more serviced based              grow smart, high value industry sectors particularly
economies continues. Actions associated with this           those that export products and/or services outside
Plan look to create an environment that supports            of the Noosa Shire to limit exposure to sudden and/
business and industry to be more innovative, and            or unexpected negative changes in key industries
to both explore and develop original concepts and
                                                        •   encourage business growth in sectors that provide a
ideas. Important to this will be the retention and
                                                            wider range of employment options and pay scales
attraction of skilled and talented people and the
establishment of alliances between council and          •   utilise the strong Noosa brand to grow nominated
stakeholder organisation and institutions across            priority industry sectors
priority sectors.
                                                        •   leverage local expertise to support the diversification
                                                            of the local economy

                                                        •   explore collaborative industry-driven models to
                                                            deliver local economic development

                                                        •   explore new models to fund local economic
                                                            development

                                                        •   Establish and/or strengthen existing alliances
                                                            with stakeholder organisations and institutions,
                                                            and governments to leverage resources and share
                                                            information and connections.