2021-12-13 GC Agenda - Item 9 - Attachment 1 - Draft Economic Development Strategy 2021-2030

1. Table of Contents
Summary Section.................................................................................................................. 4
2.       Introduction & Background ....................................................................................... 11
3.       The Planning and Policy Context .............................................................................. 13
3.1.     Council’s Corporate Plan .......................................................................................... 13
3.2.     Noosa Planning Scheme (Noosa Plan 2020) ............................................................ 14
3.3.     Council & Economic Development Role ................................................................... 15
4.       The Economic Context ............................................................................................. 16
4.1.     The Noosa Economy ................................................................................................ 16
4.2.     Key Statistics ............................................................................................................ 17
4.3.     Key Facts and Trends .............................................................................................. 18
4.4.     Strengths, Weaknesses and Opportunities ............................................................... 18
4.5.     Factors & Trends Influencing Our Future .................................................................. 19
4.6.     Place – Managing Success ...................................................................................... 22
5.       Economic Development Strategy.............................................................................. 23
5.1.     Value Proposition – People and Place ...................................................................... 23
5.2.     Economic Development Framework ......................................................................... 24
5.3.     What is a Smart biosphere? ..................................................................................... 25
5.4.     Economic Pillars ....................................................................................................... 26
5.5.     Economic Growth Enablers (Summary) .................................................................... 27
5.6.     Economic Growth Enablers (Detailed) ...................................................................... 28
5.6.1.      Bold Leadership - Economic Development ........................................................... 28
5.6.2.      Empowering Business Ecosystems ...................................................................... 29
5.6.3.      Enabling Infrastructure .......................................................................................... 31
5.6.4.      Encouraging Entrepreneurship and Innovation ..................................................... 33
5.7.     Outcomes & Benefits ................................................................................................ 35
5.8.     Engagement & Stakeholders .................................................................................... 36
5.9.     Implementation, Monitoring & Reporting ................................................................... 37




                                                                 10