Prestipino, Robert (6A)

Place-Based Regional Growth

Transformational Infrastructure “Change that strengthens the community and supports regional growth�

73

73 LGAs Population • 22% < 1K

• 53% < 5K

• 27% 10K – 50K • 20% >50K

• 19% > 95K

27% 10K – 50K (20 LGAs) Key to Liveable Regions

“Forest – Farm – Town – Centre”

The Challenges of â&#x20AC;&#x153;Edge Townsâ&#x20AC;?

1.

2.

3.

4.

5.

6.

Population Decline Aging Population Low income Households Narrow Business Base Low Skill Levels Workforce Too small

Making Sense of Making Places â&#x20AC;&#x153;Protect Lifestyle and provide jobs for the kidsâ&#x20AC;?

Dan Pink “A Whole New Mind” 2006

Premature Aging of Rural Communities National Projections

Rural Communities

2006

13.3%

65+

2006

13% - 20%

65+

2050

23%

65+

2031

21% - 40%

65+

...in 38 years it will be a national issue!

State of Australian Cities 2010

...in 19 years most rural communities will be at the National 2050 levels!

A Critical Crossroad in 4 Years!

2016â&#x20AC;Ś the first time ever that there will be less youth than 65+ in the Hinchinbrook community 2031

2006

<25

+113%

2016

65+ -17.5% What will this mean to the identity & lifestyle of Hinchinbrook Shire?

Aging & Spending

Goondiwindi Regional Council 2006 â&#x20AC;&#x201C; 2031....Population change in 25 years

25 -44

-189

45-64

+447

Shortfall 449 (18/year)

65+

+1792

Need 896 (50%) to balance 65+

25 Year Growth Projection: +1,631

Change in the 25-64 age group

Why it is not an issue for Townsville

-22.9%

Hinchinbrook

Lots of families with children

+54.4%

-8.1% Charters Towers

Burdekin

-23.9%

Townsville

ENTERPRISE MUMS • • • • • •

>50% of Australia’s population >at secondary schools >graduate from university > management and services < engineering, architecture and building >30 % of Australia’s small business operators

•

29.5 Av. Age of Australian mother with first child

So…What does it cost to raise a family?

43K/Year

(after tax) is considered the Poverty Line for a Couple with two children

$52,000/year Gross

Families of the Future With family formation starting on average at 30 years… these new parents will be children of the 1980’s…the Y Generation

“Is your town a good place to start a business and raise a family?” ...for Gen Y parents!

Digital Evolution ...moving from transactions â&#x20AC;Ś..to relationships & reputation

TV

PC

SP

Web 2.0 Empowers the Individual 1.0 tells

2.0 listens

â&#x20AC;&#x153;By empowering the individual, Web 2.0 has empowered the places we cherish.â&#x20AC;?

H5 Develop, maintain ,expand

New infrastructure

Transformational Infrastructure

Catalyst

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IT Y

Transformational Infrastructure

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Catalyst

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NM

VE RN A

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RO VI EN

N SI BU

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S ES

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HE AL TH

Catalyst AT UC ED N

Power of Four: •Business •Health •Education •Lifestyle

ES TY LE

Transformational Infrastructure

Regional Infrastructure

Regional Infrastructure

Regional Infrastructure

Regional Infrastructure

THREE FAST TRACK ACTIONS to kick start regional transformation 1. Scan existing projects for best growth options 2. Develop the best option with local leaders 3. Structure your project to maximise funding

SCALABLE MODEL “From CBD to Corner Store”

Private Investment Component

Public Investment Component

Catalyst Infrastructure

“Enables local communities to invest in their future”

Place-based Investment Model (PIM)

Thank You!