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MEDIA RELEASE - Glenelg Shire unlocking new investment

16 June 2017

Glenelg Shire is positioning itself on the global stage, unlocking new investment and trade.

A Development Stakeholders forum, hosted by council’s Economy & Investment Unit, showcased more than $80 million worth of private investment in the ‘Portland development pipeline’ in addition to $125 million worth of government projects.

Mayor Cr Anita Rank said council was making the most of every opportunity to grow the shire economy and its national investment profile.

“We have the foundations of a diverse and robust economy and are working hard to attract new investment, diversify our economy and leverage off our existing strengths,” Cr Rank said.

“We rank among the country’s best food and fibre regions; we are the nation’s timber capital, and we are a renewables and advanced manufacturing hub – this profile is attracting international attention and resulting in new investment. We are here to say our doors are open for business.”

The forum provided more than 60 local business leaders with an overview of the 2017-2021 Council Plan and draft budget, and updates on state and federal investment.

The update showed there is more than $50 million worth of forecast investment in agriculture, forestry and fishing across the shire in the next two years with a further $22 million in construction.

‘Goods and service’ exports have increased over the past four years, with the greatest increases in the ‘accommodation and food services’ sector ($8.5 million increase) followed by ‘healthcare and social assistance’ ($8.1 million).

The shire’s tourism sector also experienced growth over the same period, with more than half a million overnight visitors to the shire (up 24 per cent) and a staggering 171 per cent increase in length of stay from two to seven days.

Cr Rank said projects such as Portland’s Henty Employment Precinct Infrastructure Upgrade were “game changers” for Portland’s local economy.

“This project will turn an industrial wasteland into one of regional Victoria’s most exciting industrial business hubs,” she said.

“The Cashmore Road precinct has attracted expressions of interests in the order of $74 million in private investment which will create 105 direct jobs for our community.

“Furthermore, projects such as the Cape Bridgewater Structure Plan, which is improving the functionality of one of our most loved and beautiful beaches, will help to drive our tourism economy.

“Improvements to parking, access and amenity will cater for our growing international visitors who are recognising our shire as a must-see destination on the Great Ocean Road because of our world-class tourism offerings.”

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