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Values, Principles & Approach

Toowoomba Region Economic Development Vision 2038: In 2038 the Toowoomba region has an internationally competitive, vibrant, diverse and inclusive economy that provides opportunities for employment, entrepreneurship and investment that enhance the region’s lifestyle and environment.

Values, Principles & Approach

• Provides a framework to address the Toowoomba region’s economic development issues, challenges and opportunities for growth;
• Identifies collaborative partnerships between Toowoomba Regional Council (TRC), Toowoomba and Surat Basin Enterprise (TSBE), the Queensland Department of State Development, Manufacturing, Infrastructure & Planning (DSDMIP), Regional Development Australia Darling Downs and South West (RDA DDSW), Chambers of Commerce, business & industry and the communities of the region on matters concerning regional economic development; and
• Provides an informed, clear, actionable and achievable ‘road map’ for facilitating and promoting economic development in the Toowoomba Region over a five year period to 2023.

Strategy Aim

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Strategy Objectives

PRODUCTIVE PARTNERSHIPS - A REGION THAT EMBRACES COLLABORATION
The region seeks out opportunities for collaboration and actively participates in strategic partnerships that
deliver greater benefits than would be achievable by operating independently.
COMPETITIVE BUSINESS - A BUSINESS ENVIRONMENT THAT IS STRONG AND INTERNATIONALLY COMPETITIVE
The region’s strong economic diversity is maintained and key business sectors are assisted through the
coordinated delivery of services that support their growth, productivity and capabilities, particularly in
terms of their capacity to service new markets.
INNOVATION & ENTREPRENEURSHIP - A SMART REGION THAT FOSTERS INNOVATION AND GROWS
SUCCESSFUL BUSINESSES
The region builds upon its proud 'have-a-go' heritage, embracing and supporting innovative thinking that creates new business opportunities and promotes the region nationally and internationally as an entrepreneurial hub.
LEADERSHIP - A REGION WITH A STRONG AND COORDINATED VOICE
The region’s leaders have a shared strategic vision for the Toowoomba region’s economy and work collectively to achieve sustainable benefits for the community.
INFRASTRUCTURE FOR GROWTH - INFRASTRUCTURE THAT SUPPORTS PRODUCTIVITY AND GROWTH
Public and private infrastructure, including technology and tourism, is planned in a holistic and industry responsive manner and is provided in a timely and affordable way to drive a diversity of economic and investment outcomes.
EQUITABLE OPPORTUNITIES - A REGION WHERE ECONOMIC BENEFITS ARE SHARED
The region endeavours to ensure that opportunities for economic growth are distributed as equitably as possible to enable those facing greater challenges to share in the benefits generated by a growing economy.
SKILLED WORKFORCE - A HIGHLY SKILLED WORKFORCE THAT MEETS THE REQUIREMENTS OF BUSINESS AND INDUSTRY
The region leverages its education and training assets to deliver a workforce with the mix of skills required by business and industry within a globally competitive and knowledge intensive economy.
LIVEABILITY - A REGION THAT ATTRACTS AND RETAINS RESIDENTS
The region offers a high quality of life that contributes to residents remaining in the region and new residents choosing to relocate into the region.

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