THE Peel region has the potential to generate an additional 10,350 jobs and $781 million for the WA economy, according to a new report.
The report recommends decision makers focus on industries such as scientific testing and analysis services, agriculture and downstream food processing activities, rail freight transport and other mining support services in the Peel region to create jobs and boost the local economy.
Future-proofing the WA economy: A roadmap to industrial diversification and regional growth maps a pathway for leaders to ensure local workers can benefit from opportunities presented by new and developing industries.
Released by the Bankwest Curtin Economics Centre, the report recommends a ‘smart specialisation’ policy approach to target developing industries that would build on existing capabilities and expertise to grow the WA economy.
It described the Peel region as having a diverse landscape suitable for agriculture, horticulture and forestry.
“Alumina refineries, gold and bauxite mines, among others, now drive growth in the region,” the report said.
“The region’s three largest industries by employment share include retail (12.3 per cent), health care (12.1 per cent) and construction (11.2 per cent).
“Livestock and meat preparation are also critical industries.”
Nursery production, floriculture, turf growing and vegetable production were highlighted as highly feasible industries and there were opportunities to expand boutique or high value food production.
“Other agricultural produce with strengths include pig farming, livestock farming and poultry farming,” the report said.
Population growth would also help construction industries such as bricklaying services.