1. Regional snapshot

2. Taranaki

6. Population Growth – comparisons

7. Population Growth = 5 th highest region

8. Demographics: New Plymouth v New Zealand

9. International migration less people leaving; more people coming from overseas

10. Highest regional GDP per capita in NZ

11. Regional GDP = $9.2B (Stats NZ)

12. NZ Comparison Circa 2.5% NZ (Population, Businesses) But 4% GDP Taranaki is a powerhouse in the economic drivers that matter to NZ: – Energy, – Exports, – Primary production/added value – Engineering Highest GDP per capita in NZ

13. Employment Almost 28% higher than 2000

14. Industries such as O&G, engineering, manufacturing and dairy farming are comparative strengths

15. We’re New Zealand’s foremost energy province

16. 2013/2014 Q1 – A Rock Star Year

18. Taranaki Challenges a perfect storm?

19. But…we are also diversified

20. What lies ahead? Early 2016 economic outlook – tight Global dairy & O&G prices create challenging economy Skill retention/impacts for many industries 2017/18 – major projects in pipeline(eg Ballance) Shell NZ Divestment? Changing patterns and new opportunities. Diversification, online retail, innovation, export development, work-live patterns, infrastructure Proactive strategies needed in line with the above.