Economic development strategy

The Clarence Valley Regional Economic Development Strategy 2018 - 2022 (REDS) has been developed to facilitate economic growth across the Clarence Valley. The approach to the development of the Clarence Valley REDS is to build on the distinctive and unique strengths of the Clarence. Economic principles suggest unique strengths provide regions with sustainable economic advantages, and so they should be points of focus for regional development policy.

The Clarence Valley Regional Economic Development Strategy 2018 -2022 (REDS) has been developed to facilitate economic growth across the Clarence Valley.

The approach to the development of the Clarence Valley REDS is to build on the distinctive and unique strengths of the Clarence. Economic principles suggest unique strengths provide regions with sustainable economic advantages, and so they should be points of focus for regional development policy.

The REDS also takes into account regional risks and how they might be addressed. Clarence Valley’s key endowments lie in its coastal, riverine and hinterland amenity; arable soils and favourable climate; access to Sydney and Brisbane via the Pacific Highway; and the ability to bring new industrial land to market cost effectively.

These endowments are the basis of the Clarence’s specialisations, which include:

  • ‘Engines of Growth’, such as tourism, horticulture (blueberries, macadamias and sugar cane), aquaculture, forestry, marine manufacturing and logistics.
  • Business-‘enabling’ activities, such as tourism connected property services, construction, utilities, and financial and professional services
  • Internal, ‘population-serving’ industries, including health, retail and public administration.

These strengths, together with analyses of current issues, opportunities and risks, suggest some key strategic imperatives:

  1. Further expand the ‘Engines of Growth’.
  2. Develop the Region’s key tourism attractions and precincts. This should include addressing the risk of a downturn in smaller centres as a result of the Pacific Highway realignment.
  3. Grow the population and internal markets of the Region.

Clarence Valley Council has worked alongside the NSW Government to develop a REDS. The process included a series of focus groups workshops, online survey and meetings with key stakeholders, aimed at collaborating to build sustainable economic development.

The Clarence Valley REDS is linked with Council's Community Strategic Plan and Destination Management Plan, and provides a strategic platform for community, business and Council to work with the State Government in driving economic growth. It is an important plan that will help attract State resources to underpin economic projects and create employment in the region.

Clarence Valley Regional Economic Development Strategy

For further information contact:
Clarence Valley Council
Economic Development Team
p: 02 6643 0200
e: edu@clarence.nsw.gov.au

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