Diversifying our city’s economy has been a key focus of Council for the past decade.
From our traditional economic base of tourism and construction, we have worked hard to broaden our industries to include film, health and knowledge, IT, marine, manufacturing and sport.
Diversifying our economy helps the city manage external pressures from a global perspective and sets us up for a stronger, more resilient future.
The Economic Strategy 2022-2027 is a roadmap for how we will work with local business, industry groups and other levels of government to realise opportunities and strengthen our economy.
We recognise that the ‘jobs of the future’ are still being discovered and we want to be best placed to capitalise on opportunities.
With a clear focus on high-value industries, the strategy implements a range of measures designed to increase productivity, sustainability and collaboration while growing the city’s economy by more than $5 billion in the next five years.
To achieve this, we must partner with industry to maximise opportunities. Today, we have 71,000 registered small businesses and our role is to ensure any red tape is slashed so they can get on doing what they do best.
I welcome the strategy.