Subiaco seeks comment on economic development strategy

THE City of Subiaco is asking local businesses, residents and visitors to join a conversation about the next steps for the local economy, with public comment sought on the draft Economic Development Strategy 2017–2021.

The strategy, initially developed with business community stakeholders, will provide direction for economic development within the city, while outlining key challenges and opportunities.

Its vision is to “create wealth through a strong, stable and diverse economy by attracting workers, residents and visitors”.

Over the past two years, $623 million of development investment has been approved and, more recently, the City has experienced an influx of popular businesses, as well as major companies, relocating to the area.

Last year, the City injected more than $4.5 million into the town centre in the form of a streetscape upgrade for Rokeby Road and a multi-functional carpark at Forrest Square.

Other figures contained within the Economic Development Strategy further reinforce Subiaco’s steady growth; from the end of the 2013–14 financial year to 2015–16, the City’s gross regional product (a representation of goods and services produced within the City) grew 4 per cent, from $3.2 billion to $3.4 billion.

During this time, overall employment in the City increased by 875 employment positions, from 20,325 to 21,200, and the number of registered businesses grew from 4513 to 4661.

View the strategy and complete the survey at www.haveyoursaysubiaco.com.au by April 18.