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Strategic Objective 3: A Prosperous Community

3.3 Economic Development

Strategic Economic Development
The Regional Economic Strategy for Melbourne's South East (2003 – 2030), Prosperity for the Next Generation, was revised. The eleven member Councils for the south-eastern region initiated the review. They are Monash, Kingston, Knox, Maroondah, Whitehorse, Casey, Cardinia, Greater Dandenong, Frankston, Mornington Peninsula and Bayside.

The aim of the Regional Strategy is to enhance the level of collaboration between government, business, educational institutions and the private sector, to develop a framework to guide regional economic decision-making, and to identify and commence delivery of a set of projects to facilitate positive economic change.

The second year of the Economic Development Strategy 2008 – 2012 was implemented. Some of the major actions included a submission to the Department of Planning and Community Development regarding the Retail Policy Review Discussion Paper.

Council resolved to become a Fair Trade Community and appointed a steering group to guide the promotion of Fair Trade Products to local businesses, schools and organisations.

The Australian Synchrotron, Clayton Community Centre and the East Link Tollway are new major economic projects for the region that have operated successfully during the year. Plans were developed for a National Centre for Synchrotron Science that is expected to be completed by mid 2011.

economy.id

Last May, Monash became the first council in Australia to launch an online economic profile. The City of Monash partnered with demographic profiling and forecasting company .id consulting (informed decisions) to create an online product designed to make local area economic and workforce information available across the council and to the wider community.

Some of the information contained in this annual report is sourced from the website www.id.com.au/economy/monash

This is an exciting new way to share important economic information to assist in the development of local industries and to help attract new industry and investment within the City of Monash. The development of this product supports and enhances Council's suite of demographic information for the city.


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Updated: 22 October 2009

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