Economic Development Strategy
Richmond Valley Council, in partnership with NSW Department of Trade and Investment, Regional Infrastructure and Services (formerly Industry & Investment NSW), initiated the Embracing Change Project for the purposes of providing Council, business and industry stakeholders and the broader community with strategic direction and guidance towards the development of an Economic Development Strategy for the Richmond Valley.
The strategy is based around 7 principals:
- Liveability & Quality of Life
- Industry Development
- Business Development
- Regional Collaboration
A number of project components were undertaken to influence the development of the Strategy. These components provide important decision making information and will continue to serve as a guide for Council in conjunction with the Strategic Principals explored through the Strategy. Under the direction of Council’s Economic Development Group and an appointed Project Steering Committee the Project Consultants worked through three project phases; research, consultation and strategy development.
The Strategy has been influenced by the input from business and industry stakeholders gathered through the Business Retention and Expansion (BRE) Survey, Industry Focus Group Meetings and Business Leader meetings undertaken as part of the Embracing Change Project. The process has highlighted major business and industry strengths along with opportunities for developing a robust and resilient economy that can cater for future population growth. In addition to this consultation, the Project also commissioned the Richmond Valley Economic & Demographic Profile and the Significant Venture Projects Study. This information, research and data interpretation highlighted key economic drivers and projects or initiatives critical for the future of the Richmond Valley.