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

Council may take on a variety of roles in the                Change will be measured across the following
implementation of projects that result from this             timeline:
Local Economic Plan. These may include facilitation,
                                                              •     Statistics reflect movement at year 3
information sharing and partnership activities.
                                                              •     Trend is demonstrated at year 5
Progress on the Local Economic Plan and priority
                                                              •     Systemic change achieved at year 7
actions will be reviewed and reported to council and
the community annually. The Action Plan with be               3. Economic performance will be considered
amended and updated to reflect the outcomes of the               alongside Council’s broader sustainability
annual review process. Implementation Plans with                 measures that will be developed to accompany
then be developed to achieve these actions.                      Council’s Sustainability Principles. These
                                                                 measures will be an integral to assessing the
A three tiered measuring process will be used to                 success of the Local Economic Plan.
determine to what extent the desired economic
outcomes are being achieved.

1. Projects included in the annual Implementation
   Plan will be monitored in regard to process and
   success.

2. Key data will be gathered on an annual basis to
   track and monitor the state of the local economy
   and to inform the review of this Plan. This will
   include but not be limited to:


 Measures                                                              Target

 Growth in gross regional product                                      Above the Queensland average
 Growth in gross regional product compared to population growth        GRP growth exceeds population growth
 Growth in gross regional product in each of the defined priority
                                                                       Year-on-year increase
 industry sectors
 Unemployment rate compared to state average                           Lower than state average
 Average income growth                                                 Higher than the state average




                                                             Councils Economic Tool Box

                                                              •     Direct links to other levels of Governments

                                                              •     Procurement

                                                              •     Planning scheme and compliance

                                                              •     Infrastructure hard and soft

                                                              •     Economic programs and internal resources