LOCAL BUSINESS ECONOMIC LEAKAGE INITIATIVE
$200,000,000 per year is the figure that we leak out of our local economy every year. If we can regain 20% of that we would see (with a multiplier effect added)an additional $56 million circulating in our community each year.
We have a collective challenge in our community as most small towns do with:
• Stagnant/declining populations
• Ageing population
• Loss of main street businesses
• Loss of young people
• High mental health and youth/Indigenous suicide levels
• Limited education, health and childcare options
• Declining levels of social capital
• Regionalisation and/or loss of services
• Physical and Digital connectivity challenges
..and the list goes on - not pretty right but who's up for the challenge?
FOR OUR COMMUNITY, BY OUR COMMUNITY
We've partnered with Localised to fund and facilitate a community platform to promote and support business activity across our local government area. This means it's FREE for your business for the next 3 years and beyond (with continued Council endorsement).
For the Business module our ultimate goal is to retain more business-to-business dollars multiplying within our local economy. As mentioned above, we currently leak up to $200,000,000 each year from our local economy. Retaining some of that means more revenue for business, more employment opportunities, more population retention and growth and our ability to maintain and improve our local services like schools, doctors and other health services.
For the upcoming Employment and Community modules our ultimate aim is to provide a dedicated platform for our local employment sector and our local community to engage, network and drive positive social cohesion, communication and outcomes.
WHY WE ALL NEED YOUR BUSINESS TO BE PART OF THE SOLUTION
Our local economy depends on local small business growth, agricultural diversification and increasingly leveraging the visitor economy. Whilst our industry sectors economic value-add is dominated by Agriculture, it’s the small businesses that have the potential to convert the supply-chain needs and drive stability in our local economy.
Creating one-place where businesses can connect, promote their business, contribute to local business discussion and communicate local business supply and project needs aims to achieve this.
We launched the Business platform on Monday 20th April, and it will take time for businesses to sign up, engage with and benefit from it - for the platform to ‘do its job’.
But we must start somewhere! We need take some leaps of faith for the future of our town and our children!
So we're asking for your help – if we take the opportunity now to retain some of this local leakage our local economy will benefit into the future against some challenging predictions.
BENEFITS FOR YOUR BUSINESS
Keep money local through MARKETPLACE by adding future procurement opportunities to prepare the
local supply-chain as well as find a project partner or add a supply request.
Advertise your products, services and people to the local business community by adding your business to the DIRECTORY
Share your business news with your local business community on the NOTICEBOARD
Catch-up, support and share business-critical topics, local expertise, tips and advice by uploading
new or existing business content into ARTICLES – content marketing to drive traffic to your business website.
Discover or add networking and professional development EVENTS for local businesses
Dedicated COVID-19 page for businesses with links to critical information.
WHAT TO DO NEXT
Have a squiz at the platform here:
Register your business, upload some articles or notices and add any marketplace opportunities for local businesses.
If you would like to discuss this initiative with Council please call Margot Davis, Manager Economic Development on 0267 302 403