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Values, Principles & Approach

Charters Towers has achieved sound economic and population outcomes in recent years compared with many other rural centres. However, the economy has not performed to its full potential. There are a number of significant developments for the Charters Towers economy likely in the near future from which the region could see improved growth outcomes. In order to maintain living standards in line with Australian benchmarks and account for forecast population growth, Charters Towers will need to increase its real economic output by80% over the next 20 years. This level of growth will require major new investments, both from expansion of existing business and from new industry in the region. In order to realise the required investments, Charters Towers will need to be more proactive and investment ready in a more competitive investment environment.
There are four sectors of the economy which are major contributors to the region now and considered to remain key to the future performance of the region’s economy: Mining, Agriculture, Education, and Tourism.
As sectors of proven strength Charters Towers will in the first instance retain focus on ensuring these sectors remain competitive and perform to their full potential for the region. However as the nation’s and world’s economies continue to change, Charters Towers cannot risk being dependent on only its historical contributors. Charters Towers needs to be active in exploring opportunities for new industries and sectors, and flexible in adapting to their needs. Further opportunities already exist in diverse sectors, such as energy, services and light industrial. At present these opportunities are linked to servicing growth in the four core industries however as they expand, new opportunity areas will arise. Charters Towers Regional Council is seeking to implement a more proactive and investment friendly approach to building relationships and meeting the needs of existing and potential investors. The following Economic Development Plan presents the core priorities for Charters Towers to grow its economy and improve the living standards of its residents.

Values, Principles & Approach

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