2016-11-08 Services & Organisation Committee Agenda

Cluster mapping highlights where Noosa has an existing            growing at the national level but not currently strongly
competitive advantage against a national industry                 represented in the region (lower right quadrant). It further
backdrop using Location Quotients – In this instance it           shows employment sectors that are forecast to contract
relates to the concentration of industries by employment,         nation-wide, identifying those sectors likely to be shedding
over time. By doing this, growth opportunities in specific        jobs across Australia (left side of the graph).
industry sectors can be identified and considered.
                                                                  Well represented, high growth industry sectors for Noosa
Industry clusters located above the “1” on the vertical           Shire include:
axis indicate an existing industry concentration and a
                                                                  •   Rental, hiring and real estate services (LQ 2.2)
competitive advantage within the region. Forecast national
industry employment growth (2014-2019) is plotted along           •   Accommodation and food services (LQ 2.1)
the horizontal axis, with zero per cent growth over the five      •   Retail trade (LQ 1.5).
years creating a midline. The further to the right of this
central horizontal axis, the faster the industry is forecast      Future high growth sectors relevant to Noosa Shire are:
to expand. Similarly, the further to the left, the faster it is
                                                                  •   Professional, scientific and technical services (LQ 1.0)
forecast to contract. The size of the cluster (bubble) within
the map represents the size of the local workforce in the         •   Financial and insurance services (LQ 0.6)
industry sector.                                                  •   Healthcare and social assistance (LQ 1.1)

The cluster maps identify the national industry sectors           •   Education & training (LQ 1.1).
where the Noosa Shire has a relative competitive advantage        •   Cluster map (ANZSIC 1 Digit)
(upper section). These are natural targets for economic
and industrial development. The map also shows industry
employment sectors that are