Supporting Bayside’s local economy
30 April 2014
Council will support local business and continue to be a key enabler for Bayside’s economic future through the implementation of actions set out in the Bayside Economic Development Strategy recently adopted by Council.
The Strategy provides an update of the performance and trends within the Bayside economy and identifies ways for Council to support the sustainable development of the local economy through a comprehensive five-year action plan.
Mayor Laurence Evans said the new five year action plan draws on the most recently available data to ensure Council’s approach to local economic development remains relevant and effective.
“Recent data identifies solid growth in the local professional services economy, particularly in industries such as health, education, property management and professional/business services.
“It also identifies changes in the local industry mix from manufacturing to service industries and the transition of Bayside residents into more highly-skilled and specialised employment.
“It is important that Council supports and promotes local business and local jobs so that Bayside continues to attract new businesses,” Cr Evans said.
Among the actions to explore new innovative directions is a study of post-retirement income and wealth management for Bayside’s growing senior resident population and developing a strategy for identifying and promoting the key drivers of Bayside’s night time economy such as cafes and restaurants.
The Bayside Economic Development Strategy 2014 is available on Council’s website www.bayside.vic.gov.au
Page last updated: 05 May 2014