Ruthless economic report paves way for our recovery
IN 2050, a successful Rockhampton will have a population of 175,000, a household income 10% higher than the state average and almost double the number of small businesses we have now.
But we've got a long way to go to reach that forecast, which was outlined in a new Rockhampton Region Economic Development Strategy document.
The strategy was commissioned by council about a year ago and will be tabled at today's council meeting by Mayor Margaret Strelow.
She described the report as "a warts and all" look at how the region stacks up against national averages- and it's not all pretty.
While Australia has almost doubled its economy per resident since 2001, Rockhampton's has only increased by 15%.
"This slower economic growth profile in Rockhampton during this period partly reflects the lack of exposure in the Rockhampton economy to mining-related economic growth in Australia over the past decade, coupled with comparatively strong population growth," the report said.
"This raises serious concerns regarding the sustainability of the quality of living for Rockhampton residents and future generations if Rockhampton continues to fall further and further behind the rest of the country."
- Unemployment rates and employment generation
- Small business creation and development
- Post-school qualifications and labour force skills
- Community leadership and culture