Tuesday, 20 November 2018 Sydney
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Visit, Live, Study & Invest in Tamworth::

Economic Development

 

Our city’s role as an increasingly dominant regional service centre is underpinned by a strong regional economy based in manufacturing, health and community services, education, logistics, wholesale trades, and tourism and hospitality. The regional economy is dynamic and vibrant, making it well placed to cope with future structural changes resulting from the needs of an ever-changing demographic profile.

Economic Profile

 

The picture of the Tamworth regional economy that emerges from the statistical analysis is of a local economy that is weathering the global economic downturn. The latest Economic Performance Report (2010) commissioned by Council shows that the regional economy has generally performed well against regional and state benchmarks. In particular, new business registrations in Tamworth region increased slightly between February 2010 May 2011 demonstrating a positive level of business confidence in the local economy. A detailed picture of the socio-demographic profile of our community is also available from the easy to use charts, tables and maps of the Community Profile and Atlas.

 

Regional Economic Development Program

 

Council's Regional Economic Development Program provides a platform for the strategic co-ordination of resources and planning for the next 10 to 15 years. The staged release will provide the region's industries, businesses and residents with a series of insightful documents for business planning and educational purposes. Stage I has identified the region's strategic assets and potential opportunities for future innovation, diversification and growth.

 

Community Economic Development Programs

 

The Department of State and Regional Development has two community funding programs to revitalise communities throughout NSW by providing them with assistance and guidance. The Main Street/Small Towns Program (MS/STP) is aimed at larger communities with populations of 1,500 – 15,000 people. The Towns and Villages Futures Program (TVFP) is aimed at small villages and communities with populations less than 2,500. The Department’s community economic development programs provide a framework for local skills and resources to implement practical, achievable community and business projects. Community workshops develop a community plan with an agreed vision for the future, an assessment of the community's strengths and weaknesses and agreed projects to address the issues. Over the last few years, four of the region's communities, Barraba, Bendemeer, Manilla and Nundle have developed Community Economic Development Plans.

 

Council Owned Land

 

Under the Local Government Act 1993, all Council owned land is classified as either Community or Operation land, which restricts whether Council can sell or lease the land. There are currently no Council properties for sale or lease in the region.