Moreton Bay Region adopts new Regional Economic Development Strategy
Moreton Bay Regional Council has adopted a new Regional Economic Development Strategy (REDS), which plans and outlines key economic benchmarks to 2041. The 21-year strategy aims to reduce the region’s reliance on population-driven industries and focus on high value-adding industries, exports and innovation, all while maintaining and balancing the region’s desirable lifestyle.
Bigger. Bolder. Brighter
The new direction outlines some ambitious goals for the region’s economy and reputation.
Bigger: our region will become bigger, with the economy reaching $40 billion in 2041, more than double its current size.
Bolder: the planned creation of 100,000 new jobs and 16,000 new businesses by 2041, and a focus on ensuring our residents have the necessary skills and knowledge to access these jobs.
Brighter: our region’s future will be brighter, by focusing on our growth and talent and making Moreton Bay region one of the top 10 regional knowledge and innovation hubs in Australia.
Priority industries
The strategy also focuses on four priority industries identified as high value-adding, export focused drive the evolution of the region’s economy. These are:
• Advanced manufacturing
• Food and agribusiness
• Knowledge, innovation and entrepreneurship
• Tourism, sport and major events
Join #TeamMoretonBay and READ THE FULL REDS 2020-41 HERE