Draft Economic Development Strategy and Implementation Plan 2017-2021

Consultation closed on 23 February 2018


Monash is Victoria’s second largest employer outside of Melbourne’s Central Business District. It has a robust and diverse $14.9 billion economy with more than 19,000 businesses that provide over 121,000 jobs, particularly in the health, education and manufacturing sectors.

"Growing Prosperity through Diversity", the Draft Monash Economic Development Strategy 2017-2021, will help guide Council over the next four years to support sustainable economic growth for the prosperity of Monash.

At its meeting on 31 October 2017, Council released the Draft Monash Economic Development Strategy and Action Plan 2017-2021, and City of Monash Economic Profile June 2017:

Report to Council - 31 October 2017 (pdf, 170KB)

Draft Economic Development Strategy and Implementation Plan 2017-2021 (pdf, 369KB)

City of Monash Economic Profile 2017 (pdf, 9MB)

Council sought community feedback on this strategy by Friday 23 February 2018.

The Strategy focuses on four key strategic directions:

  • Support for Business: start, grow and prosper
  • Places for Business: connected, accessible and diverse employment precincts
  • Diversity in Business: facilitating Economic Growth and Prosperity through diversity, collaboration and innovation
  • Attracting Business: Investment, industry leaders, innovators and emerging talent

The Strategy sets out a plan to continue support business regardless of their size and provide a renewed focus on:

  • Victorian Government Priority industries and sectors that will drive Victoria's economic growth and jobs
  • Creating an attractive environment for innovative start-ups and small business
  • Attracting investment in infrastructure, especially mass transit and digital infrastructure, to grow and promote the Monash National Employment and Innovation Cluster (Monash NEIC) as a preeminent business and employment destination in Victoria
  • Priority development and investment the Technology, Health, Education and Research Precincts of the Monash NEIC
  • Facilitating relationships and connections between businesses, government agencies, education and research institutions, and peak bodies to create collaborative partnerships
  • Maintaining a highly skilled and adaptable workforce that is responsive to the knowledge-based jobs of today and tomorrow
  • Supporting vibrant and attractive Activity Centres where people shop, work, meet, and relax
  • Encouraging economic, environmental, and socially sustainable businesses practices
  • Connect business with business and information, support, learning and training opportunities

More information

For more information, call Sean McNamee, Manager Strategic Planning and Economic Development, on 9518 3229 or email ecodev@monash.vic.gov.au


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