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29 July 2008 “Towards a More Economically Sustainable Blue Mountains

29 July 2008 “ Towards a More Economically Sustainable Blue Mountains ”

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29 July 2008 “ Towards a More Economically Sustainable Blue Mountains ”. Key Directions:. 25 Year Vision for the City Towards a more sustainable Blue Mountains. Working and Learning. Outcomes:. The local economy is strengthened and diversified. Blue Mountains is a model for - PowerPoint PPT Presentation

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29 July 2008 “Towards a More Economically Sustainable Blue Mountains”

Key Directions:

•Working and Learning

• The local economy is strengthened and diversified

Outcomes:

• Blue Mountains is a model for sustainable business and industry

25 Year Vision for the CityTowards a more sustainable Blue Mountains

“I think of the Mountains as a place I leave. I leave to go to uni, I leave to go out at night, I leave to go shopping, I’ll have to leave to get a job and I will probably have to leave to buy a house. What I would hope for the younger people of 2025 is a place where they can stay in to do more things.”

Young Blue Mountains Resident

What is Needed to Develop a Better Economic Future?

•Identify appropriate strategies to create economical development & jobs

•Strategies need to be resourced

Blue Mountains City Population vs Sydney (2001)

Blue MountainsSydney SD12.3% people > 65years

0.6% average annual growthprojected to 2026

Estimated resident population Annual change

Year (ending 30/6) Number Number Percentage

2006 74,069 -248 -0.3

2001 74,317 1,811 2.4

1996 72,506 3,521 4.9

1991 68,985

Population Growth in the Blue Mountains

Local Employment

Source: Lawrence Consulting

Unemployment RateUnemployment Rate

2.5

3.0

3.5

4.0

4.5

5.0

5.5

6.0

6.5

Mar-03 Sep-03 Mar-04 Sep-04 Mar-05 Sep-05 Mar-06 Sep-06 Mar-07 Sep-07 Mar-08

Blue Mountains Sydney RegionNSW AustraliaPoly. (Blue Mountains)

%

Gross Regional Product City of Blue Mountains

1,295.4 1,328.91,404.4 1,446.8

1,496.31,586.3

0100200300400500600700800900

1,0001,1001,2001,3001,4001,5001,600

2001/02 2002/03 2003/04 2004/05 2005/06 2006/07

$ million

Source: Lawrence Consulting

Gross Regional Product

0 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 170

Business ServicesEducation

Health ServicesAccommodation, Cafes and Restaurants

Government AdministrationConstruction Trade Services

Food RetailingPersonal and Household Good Retailing

Community ServicesProperty Services

General ConstructionFinanceDefence

Personal ServicesRoad Transport

Water Supply, Sewerage and Drainage ServicesPrinting, Publishing and Recorded Media

Communication ServicesOther Services

Motor Vehicle Retailing and Services

$ million

Highest Contribution to Gross Regional Product Top 20 Industry Sub-divisions, Blue Mountains, 2006/07

Source: Lawrence Consulting

Gross Regional Product - $1,586.3m 2006/07

-20 -18 -16 -14 -12 -10 -8 -6 -4 -2 0 2 4 6 8 10 12 14 16

Agriculture, Forestry & FishingMining

Communication ServicesFinance & Insurance

Accomm, Cafes & RestaurantsHealth & Community Services

Cultural & Recreational ServicesConstruction

Wholesale TradeManufacturing

Non Classifiable IndustryRetail Trade

Property & Business ServicesPersonal & Other Services

EducationTransport & Storage

Electricity, Gas & Water SupplyGovernment Admin & Defence

%

Gross Regional Product, Annual Industry Growth Blue Mountains, 2006/07

Source: Lawrence Consulting

Gross Regional Product – Annual Industry Growth

Gross Regional Product

Industry BM 2006/2007 NSW

Accom., cafes, restaurants

6.6% 2.2%

Retail 7.4% 5.1%

Manufacturing 5.3% 9.9%

Health & Community

10.3% 6%

Education 8.7% 4.4%

Source: Lawrence Consulting

0 100 200 300 400 500 600 700 800 900 1,000 1,100 1,200 1,300 1,400 1,500

Personal & Other ServicesCultural & Recreational Services

Health & Community ServicesEducation

Property & Business ServicesFinance & Insurance

Communication ServicesTransport & Storage

Accommodation, Cafes & RestaurantsRetail Trade

Wholesale TradeConstruction

Electricity, Gas & Water SupplyManufacturing

MiningAgriculture, Forestry & Fishing

No.

Number of Businesses by Industry City of Blue Mountains, June 2007

Total 5,652 Businesses (actively trading & registered for GST)

Source: Lawrence Consulting

$0-$99,99950.1%$100,000-$199,999

18.4%

$200,000-$499,99918.4%

$500,000-$999,9997.3%

$1-2 million3.3%

$2-5 million1.4%

$5-20 million1.1% $20+ million

0.1%

Businesses by Turnover City of Blue Mountains, 2006/07

Source: Lawrence Consulting

Businesses by Turnover

50% < $100k

5.8% > $1m

Average Turnover all Businesses $389,000

Finance & Insurance…......................$1,109

Retail………………....................…..$546

Accom. Cafes, Restaurants…………$730

Non employing59.3%

0-428.6%

5-199.6%

20-49 1.7%

50-990.6%

100-199 0.2% 200+

0.1%

Businesses by Workforce Size City of Blue Mountains, 2006/07

Source: Lawrence Consulting

Businesses by Workforce Size

Ave Workforce size ….. 3.2

Accom. Cafes/Rest. …13.0

0.992

0.905

0.875

0.830

0.745

0.725

0.717

0.716

0.701

0.692

0.670

0.639

0.630

0.509

0.487

0.474

0.148

0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0

NSWSydney Region

Greater Western SydneyPenrith

CamdenCampbelltown

LiverpoolBlacktown

Blue MountainsBaulkham Hills

ParramattaBankstown

FairfieldAuburnHolroyd

HawkesburyWollondilly

Index of Economic Diversity

Source: Lawrence Consulting

Index of Economic Diversity

What Could the Better Future Forum Deliver?

•Developing business parks & industrial centres

•Closer more synergistic working relationships with adjoining local areas

•Actively attracting industry that is complementary to ourWorld Heritage environment

•Developing business clusters and incubators to assist energising business

•Considering the need for economic development committees/structures

“I think of the Mountains as a place I stay. I stay to go to uni, I stay to go out at night, I stay to go shopping, I don’t have to leave to get a job and I will probably buy a house here.”