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Economic future planned

AN ECONOMIC development plan to promote and encourage business opportunities in the City of Perth has been adopted by council.

The plan will also enable council to approach the Federal Government directly to obtain funding for economic development projects.

Council has decided to approach the Property Council of Australia’s WA Branch and other key city stakeholders to progress the plan and investigate funding arrangements.

A staff note to council said the plan would not necessarily require additional expenditure on capital works.

Instead, it would give a long-term view of how current activities affect the city’s economy and identify positive programs council could develop.

“While the plan has a commercial focus, the sectoral analysis will highlight the role of other sectors, such as residential, entertainment, environmental and civic, to the city’s economic health,” the staff note said.

Deputy Lord Mayor Michael Sutherland said the plan was essential for the health and well-being of the city.

“I think the important aspect is that we will look to other city stakeholders to move this matter forward,” Mr Sutherland said.

Councillor Noel Semmens said the plan had the potential to do a lot more for the city than some other programs to which the council was party.

Councillor Laurance Goodman said the plan was the way council should set about preparing for the city’s future.

Previously, council has been criticised for not having a plan for the city. Organisations such as the Property Council have tagged Perth ‘rudderless’.

In a recent Business News article Property Council of Australia WA Branch chief executive Joe Lenzo said capital cities were essential to a nation’s future.

He wrote that capital cities such as Perth were the ‘brand names’ of Australia.

However, Mr Lenzo believes capital cities are under threat of neglect because the industries located there generate the lion’s share of government revenue through taxes on corporate activity.

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