2015-11-10 - P&O Agenda - Item 18, Attach 1&2 - Draft Noosa Shire Local Economic Plan

Council aims to achieve the desired outcomes of the Local Economic Plan over a five-year
implementation period. As a part of annual operational planning and budget process, an Action Plan
will be developed that describes priority actions and identifies partners or lead agents where known.
The annual Action Plan will clearly identify:
         prioritised projects and desired outcomes
         what needs to be done
         who is going to do it
         what resources are required
         key performance indicators.
Projects included in the annual Action Plan will be:
         realistic and achievable
         market driven
         innovative in approach where appropriate
         the best use of available resources.
Council may take on a variety of roles in the implementation of projects that result from this Local
Economic Plan. These may include facilitation, information sharing and partnership activities.
Progress on the Local Economic Plan and priority actions will be reviewed and reported to Council
and the community annually.
A two-tiered measuring process will be used to determine to what extent the desired economic
outcomes are being achieved.
1. Projects included in the annual Action Plan will be monitored in regard to progress 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:

   Item                                                   Target
   Growth in gross regional product                       Above the Queensland average

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

Change will be measured across the following timeline:
         Statistics reflect movement at Year 3
         Trend is demonstrated at year 5
         Systemic change achieved at year 7.




                       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




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