Economic Development Strategy 2019-24

Page 22

6. HOW WE MAKE IT HAPPEN

page 22

TREVOR WORDEN

The Lismore economy supports a resident workforce of 20,457, with a population of 43,843, delivering a Gross Regional Product of $2.14 billion. Regional city economy drivers are generally very similar throughout Australia providing insights into its competitive advantage. Lismore has strong and significant specialisation in Health Care and Social Assistance, Education and Training, Financial and Insurance Services and Information Media and Telecommunications. Consistent with its role as a regional city, Lismore has undertaken community consultation and integrated themes from its existing key strategic documents to develop six economic themes. These themes, referred to as “Our Six Economic Opportunities” act as drivers of regeneration for the city’s economy and are detailed throughout this section of the Strategy.

CLAYTON LLOYD

New businesses are an important source of investment in communities. Attracting new business to a regional city generates employment and increases the diversity and prosperity of the local economy. Consultation with the Lismore business and broader community identified a consistent desire to grow and diversify the economy in the Lismore LGA. This requires both public and private investment attraction to the region in the form of business, property and infrastructure investment including Government funding for community assets, water infrastructure and social infrastructure.

Economic Development Strategy 2019 - 2024 PHOTOGRAPHY BY NATSKY

SIX KEY ECONOMIC OPPORTUNITIES

Enabling the Agri-Economy

River City Lifestyle

Innovative and Connected City

Village Lifestyle

Tourism, Culture and Sport

Growing Professional Services


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