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Monday, May 27, 2024

Council releases roadmap to stronger economy

CASSOWARY Coast Regional Council has endorsed an economic roadmap that will create jobs, attract investment and deliver greater prosperity for the region over the next decade.

The Growing Stronger Together, Cassowary Coast Economic Development Strategy 2023-2033 (Strategy) commits to the vision of growing a stronger, resilient, more sustainable economy that is expected to place the region in a position of significant strength in the future.

Economic Development portfolio holder Councillor Renee McLeod said the Strategy offers a comprehensive and contemporary overview of the region, priorities, and actions.

“The Strategy will be implemented over the next decade and is expected to place the region in a position of significant strength for growing the economy into the future,” she said.

“The 2033 goals are underpinned by four key pillars that outline specific actions and initiatives to drive our economic development – Advocacy and Collaboration, Sustainability and Innovation, Workforce Development and Industry Planning and Prioritisation.

“This focuses on priority industries such as agribusiness, aquaculture, tourism, transport and logistics – key Initiatives will support the transition of the region’s economy, add value to the region, and create high-value employment.

“The Economic Development Advisory Committee has played a key role in developing the Strategy and will continue to be vitally important for the implementation of.”

The Strategy features aspirational goals for the region, targeted to be achieved by 2033. Council’s target is to reach $2.2 Billion in gross regional product with a 20 per cent increase in employment growth and 20 per cent growth in our total population.

An implementation plan has been developed to successfully achieve the vision and the 2033 goals identified throughout the Strategy, providing immediate, short to medium, and long-term actions with defined measurable targets and timeframes.

Council will execute an annual review and report on the achievements and progress made towards developing the region’s economy and the outcomes will be shared with industry representatives, local businesses, and the community.

Council will hit the ground running with several immediate and short-term actions proposed to be implemented in the first three years of the Strategy which includes the establishment of a Regional University Study Hub within Cassowary Coast, strengthening and supporting local businesses through council’s procurement services, and planning for NBN’s implementation across the Cassowary Coast with relevant stakeholders.

For more information and to view the Growing Stronger Together, Cassowary Coast Economic Development Strategy 2023-2033 head here.

Keep up with the latest news in Cairns and the Far North, and check out some of our top stories this week: Residents asked to weigh in on dangerous bridge and Police evader caught.

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