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Project Minutes | Blockchain SIG | Blockchain TED Videos | IBM Blockchain for Diamond Ind | RUBAC Video | RUBAC Projects | Disclaimer | CopyrightHome | Aboriginal Statement | A: Introduction | B: Inner West's Strategic Business Advantages | C: Inner West Economic Profile | D: Priorities | E: ConclusionINNER WEST COUNCIL DRAFT ECONOMIC DEVELOPMENT STRATEGIC PLAN SEP 2019B Inner West's Strategic Business Advantages
Operating within a high density inner city environment the local economy is driven by its
diversity, highly educated and innovative workforce, a strong student base and business
operators who are responding to the changing face of retail and other industries.
The Community Strategic Plan has identified the need to promote Inner West as a great place
to live, work and invest in.
The Inner West attracts innovative and creative industries which are found across our shopping
strips, urban centres and industrial areas.
These help define the local character that we are aiming to protect, support and build and
present a positive profile for the area that can be used to help attract employment growth and
investment.
Being on the door step to the City, one of the wealthiest central business districts in the region,
and close to the airport, a harbour and a growing population, provides a significant advantage
for the Inner West.
Along with a highly educated local community as identified in the Community Profile, and over
20,000 businesses, the Inner West has many factors that can serve as attractors for new
business and employment opportunities.
Council's recent Employment and Retails Lands Strategy has shown that these factors
enable the Inner West to play a key role as a manufacturing hub, retail area, hospitality and
creative arts centre.
These features and the locational advantages of the area offer the opportunity to attract
major new businesses into the area, and in particular offers great potential for the areas that
are likely to experience major new development in the coming years, such as those in the
Camperdown Precinct, Parramatta Road corridor and Bays Precinct.
As a result opportunities may well arise for the Inner West to explore encouraging a range of
new investments, from head offices, start-ups, global techs to large not for profits.
Through economic development work Council can examine how to work with other stakeholders
to find opportunities for all of our community members in the business world, including
Indigenous people, people with disabilities and other minorities groups.
As the Inner West continues to work towards addressing population growth, housing
affordability and pressures on the transport network, employment opportunities that enable
residents to work close to home can help reduce the strains on our local infrastructure.
Population increases create new markets for businesses which can create local jobs.
The increased need for residential development is a challenge for our local economy as
it is critically important to retain our industrial and employment lands, as is outlined
in Council's Employment and Retails Lands Strategy, so that our employment base is supported
and enabled to develop.
The Inner West Local Government Area is situated on the lands of the Gadigal and Wangal
peoples of the Eora Nation.
Council is committed to working more closely with Aboriginal and Torres Stair Islander peoples
to foster opportunities that promote employment opportunities, advocating for Indigenous
Cultural Intellectual Property (ICIP) rights and promoting pathways for Indigenous start-ups.
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