2016-11-08 Services & Organisation Committee Agenda

Council may take on a variety of roles in the implementation        Change will be measured across the following timeline:
of projects that result from this Local Economic Plan.
                                                                    •   Statistics reflect movement at year 3
These may include facilitation, information sharing and
partnership activities.                                             •   Trend is demonstrated at year 5

                                                                    •   Systemic change achieved at year 7
Progress on the Local Economic Plan and priority
actions will be reviewed and reported to Council and the            3. Economic performance will be considered alongside
community annually. The Action Plan will be amended                    Council’s broader sustainability measures that will
and updated to reflect the outcomes of the annual review               be developed to accompany Council’s Sustainability
process. Implementation plans with then be developed to                Principles. These measures will be an integral to
achieve these actions.                                                 assessing the success of the Local Economic Plan.

A three tiered measuring process will be used to 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 the items listed in the table below.


 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




                                                                    Council’s Economic Tool Box

                                                                    •   Direct links to other levels of governments

                                                                    •   Procurement

                                                                    •   Planning scheme and compliance

                                                                    •   Infrastructure hard and soft

                                                                    •   Economic programs and internal resources




                                                                                             Noosa Shire | Local Economic Plan | Page 31