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Economic Development Strategy
Listen to Mayor Tom Tate and local businesses share their thoughts on the strategy.
Watch the Economic Development Strategy summary video.
The strategy aims to sustain our economic future, create jobs, build business confidence and make the city an international destination of choice for new businesses and residents.
It reflects the City’s commitment to ensuring the local economy continues to thrive in a changing and challenging environment.
Mayor Tom Tate “This draft strategy recognises that we need to move away from the ‘boom and bust’ mentality,” he said.
“It shows we need to focus more on lifting our global reputation, on fostering innovation, on creating the right jobs in the right sectors, on increasing productivity and on diversifying our workforce with a focus on external markets. Essentially we want to create a vibrant economy with a depth that will give our young people a fulfilling career in a wide choice of professions.
“Our Economic Development team has already extensively consulted with business and industry in the development of this document - now we’re asking the community for its input over the next two weeks.”
Cr Tate said there were six key themes and relevant actions in delivering the strategy. They are:
1. Innovation – to foster innovation and entrepreneurial activity. The development of the Gold Coast Health and Knowledge Precinct is one of the signature projects.
2. Cultural – to build a thriving cultural economy by growing our creative industries. The proposed Cultural Precinct is a signature project.
3. Infrastructure – to increase tourism infrastructure in areas such as dive, marine and eco-tourism; and to improve telecommunications infrastructure and links between business hubs; and to create a Central Business District.
4. Competitive business – to reduce regulation and red tape to support new business, export and productivity.
5. Workforce – to increase study and training in the city in line with business needs, grow our skills base, increase employment options and raise the city’s global profile as an education, knowledge and research destination.
6. International – to be recognised as a world class business destination, we will strengthen international partnerships and increase our export base and inward investment
“I encourage residents to have a read of the strategy to discover our proposed economic goals,” said Cr Tate.
“What this strategy endeavours to do is create a city where people can study, work and live – a city that is recognised globally for its unique lifestyle, talented people, its innovation and its entrepreneurial culture.”