Economic Development Strategy: Facilitation of New Business Investment

Economic Development Strategy

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Future Vision

Facilitation of New Business Investment

Context

There has been a steady growth in the number of businesses in Monash. This growth has largely occurred in financial and business services, office parks and business park re-investment in industrial areas, education, high tech clustering and residential construction.

It is important for Monash to continue to attract new businesses that are clean, compatible with existing land uses and infrastructure, employment generators, high tech, value-added, and export-oriented.

Key Actions

In response to these needs and issues, Council will:

Implement a stronger business attraction and retention strategy – constantly marketing to businesses Monash's key assets (eg, quality of its workforce, environment, amenity) as a means of keeping good businesses in the municipality
Develop connections with business leaders in key industry sectors to encourage and facilitate new investment particularly in the high tech, biotech, medical, education, science, entertainment and environmental science sectors to locate or expand in Monash
Develop further connections with Government agencies such as Victorian Business Centres, Department of Innovation, Industry and Regional Development (DIIRD), Department of Infrastructure (DOI) and Austrade and with industry associations such as VECCI, Property Council of Australia, Australian Industry Group and Retail Traders Association, to establish national and international leads for potential investment
Maintain a streamlined development approvals process

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Published: 29 October 2007

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