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

Outcomes & Benefits
‘Start with the end in mind’ is a great quote from business philosopher Stephen Covey
author of “The Seven Habits of Highly Effective People”.
This strategy has a clear set of ‘end in mind’ outcomes that will drive the actions and
implementation of this strategy towards the pursuit of our Vision and goals.
Council and communities success as we move forward will be assessed against some of the
following desirable outcomes:



         A diverse & resilient local economy less reliant on volatile industries


         Increased number of                    A skilled and talented             Infrastructure accelerates
         high value jobs that                   workforce driving                  industry development and
         retain local talent                    innovation                         Smart Precincts


         Businesses maximising                  Successful home based              Collaborative and
         the global opportunities               businesses and remote              connected business
         and selling to the world               workers                            Ecosystems are created



        Expanded and specialised              Relevant and impactful               Returns from our natural
        education and research                support provided to our              assets with technology
        opportunities                         businesses                           driving value




Implementation, Monitoring & Reporting


                                               Annual Reporting



      Economic Profile                         Strategy Measures                           Program Activity
     State of the Economy                       Monitoring Progress                 Economic Development Initiatives




A three tiered approach to monitoring and reporting will be adopted to track the health of the
local economy, progress towards strategic outcomes and the impact of economic
development programs and initiatives.
To increase focus and continue the conversation, an annual Economic Summit will be held
to activate dialogue and discussion on the state of the economy, stakeholder projects,
progress of the Economic Development Strategy and opportunities and challenges going
forward.
This Economic Development Strategy will be reviewed and potentially refreshed every 3-5
years to ensure flexibility, relevance and alignment with Council policies.




                                                        9