Gladstone to have diverse economy in future

GLADSTONE'S future economy will be diverse in nature with a wide range of industry clusters, according to a draft report prepared as part of the development of a new economic strategy.

The council is undertaking a review of its existing economic development strategy, prepared in 2010, in light of significant changes in the region in the past few years.

The draft report, prepared by AEC Consultants and local organisations, outlines Gladstone's advantages and economic assets, including the port, location close to natural resources, existing industry and strong supply chains.

It says the region has a unique economy with numerous key industries that will drive future development.

These include:

  • Large scale industry such as alumina refining and smelting, cement production, chemical production and LNG processing.
  • Resources and energy including the export of coal, LNG and other industrial products
  • Engineering and advanced manufacturing
  • Agribusiness including agriculture, aquaculture, cattle, horticulture, sea food and value added processing
  • Retail and professional services
  • Education, health and research
  • Tourism, events, arts and culture

As well as industry, the region's economy will have a range of business types including small to medium sized enterprises, family-owned businesses and small start-ups.

It will retain its position as a world class industrial city, the report states, and contain a range of export focused advanced manufacturing and engineering firms.

It will be flexible and adaptable to changing economic conditions.

The council will host a workshop tonight to obtain public input on the new economic development strategy.

Venue is the McArthur Room at the Oaks, Goondoon St, Gladstone. Phone Tatum Triffett 4970 0700 for more details.

The draft report is available here.