7 Future NGAA Employment Opportunities Advanced Manufacturing Transport and Logistics Construction Wholesaling Service Sector Health and Education Creative Industries Research and Development
8 Stakeholder Consultation Findings Action Plan needs to: Create local base of skilled employment and supporting infrastructure to attract private business investment. Secure Government funding for major infrastructure projects and leverage private investment. Stimulate private sector investment to create more job diversity. Recognise liveability is critical to attracting skilled workers and private investment. Improve employment self-sufficiency to avoid long-term unemployment growth and deskilling.
9 Action Plan Principles 1.Job Catalysts 2.Providing Skilled Labour 3.Providing and Maintaining Infrastructure 4.Improving Coordination
10 Key National Actions Promote benefits of living and working in Growth Areas Extend the Suburban Job Program Provide industry-specific development centres Develop town centre/employment hub strategy Provide Flexible Learning Spaces Create a National Urban Investment Fund Continue existing employment and skills funding programs Develop NGAA forum to coordinate local and regional employment and skills stakeholders
11 Hypothetical Project Examples 1.Government office relocation; Blacktown, NSW 2.Government office relocation; Wyndham, VIC 3.Manufacturing redevelopment project; Playford, SA 4.Manufacturing redevelopment project; Rockingham, WA 5.Infrastructure construction program; Logan, QLD
12 Economic and Social Benefits Arising ImpactMean Estimate Economic Impacts Total Cost$5.2 billion Total Output$8.8 billion Gross Regional Product$3.4 billion Total Jobs (FTEs) Construction Operational 2,290 FTE jobs 3,560 FTE jobs Government Revenue$897 million Net Present Value (NPV)$7.46 billion Social Impacts Impact on unemployment rate7.7% to 7.1% Impact on local job self sufficiency (local jobs provided per resident labour force participant) 0.75 to 0.77 Total welfare benefit savings (NPV)$228 million Total congestion cost savings (NPV)$37 million