The challenges and opportunities for the Victor Harbor economy was the topic for discussion at the latest Women in Business Regional Network dinner in Victor Harbor.
The guest speaker was Mark Przibilla, the City of Victor Harbor’s Manager of Planning and Activation.
An outline was given on the latest economic profile for the city with concerning statistics including household incomes well below the state average, a high dependency on welfare and relatively high youth unemployment. The city also imports more goods and services than it exports, to the tune of $152million a year leaving our local economy.
Mark said the economy was heavily reliant on tourism and that future jobs growth had been indicated in the health and community services sectors.
The council is about to again conduct its annual business survey, but the results last year had indicated the top challenges for local business were the rising cost of energy, taxes and government charges, seasonality and the low income per household. Despite these challenges, Mark said business confidence was on the rise locally.
The City of Victor Harbor is about to form an advisory committee to complete the economic development strategy for the area. Already comment has been sought on the draft strategy.
Mark outlined some exciting major projects ahead for Victor Harbor including the council’s pursuit of an arts and culture centre in the CBD, planning for a major redevelopment of the Anchorage Hotel, the next stage of the Mainstreet Masterplan, exploration of options for multi-purpose boat landing facilities and the state government’s commitment to building a new Causeway.
Local businesswomen were robust in their questions and comments with discussion about the impact locally on multi-national businesses such as Bunnings and Coles, the challenges for our local youth if they wish to pursue a tertiary education and the impact of climate change on business.
Mark also outlined the council’s forthcoming BizFest events which will kick off with the Business Victor Harbor awards dinner on Friday, November 8.
Click on the links below for more details of BizFest and the Victor Harbor Economic Development Profile: