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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Transformational Infrastructure
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Catalyst
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N SI BU
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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!