Geelong is Victoria’s largest provincial city New energy, particularly new wind and gas and is rapidly growing with a diverse and fired facilities. Wave energy projects are vibrant economy currently being considered off the far west Internationally recognised landscapes (the coast Great Ocean Road) and other natural assets As an internationally significant tourism Manufacturing sector including aluminium and destination, is scope to improve yield food processing and encourage visitor dispersal Diverse agriculture sector Australia’s largest Leveraging off higher education and research – milk production region (significant institutions the region has building – occurs via milk and meat processing) and capabilities in biotechnology, information and 20% of the national plantation forestry communication technology, carbon fibre Good sea and air transport links and clean technology Natural gas reserves, existing 550kV Timber harvest in the green triangle region electricity transmission currently at 25% has growth potential capacity, and strong wind, wave and geothermal resources Extensive networks, mature governance structures and well developed regional strategic planning processes Water resources an important natural asset Weaknesses Threats Regional socio-disadvantage with pockets of Current workforce demands are not trial met. entrenched disadvantage Regional growth and emerging industries Lower rates than state average in some place further demands on labour significant health-related indicators Carbon intensive industries (e.g. oil refining, Completion of Year 12 and participation in cement production, aluminium) are likely to further education lower than the state be heavily affected by carbon trading average Impact of climate change on agriculture and Road infrastructure is inadequate in poor risks of rising sea level on coastal – repair and a serious barrier to regional growth communities Inadequate rail services quality, reliability Catastrophic events the region has many – – and frequency high-risk bushfire areas Limited broadband capacity in some parts of Economy in transition the rise of emerging – the Region markets and reduced barriers affect the region’s employment
Geelong is Victoria’s largest provincial city and is rapidly growing with a diverse and vibrant economy Internationally recognised landscapes (the Great Ocean Road) and other natural assets Manufacturing sector including aluminium and food processing Diverse agriculture sector – Australia’s largest milk production region (significant occurs via milk and meat processing) and 20% of the national plantation forestry Good sea and air transport links Natural gas reserves, existing 550kV electricity transmission currently at 25% capacity, and strong wind, wave and geothermal resources Extensive networks, mature governance structures and well developed regional strategic planning processes Water resources an important natural asset New energy, particularly new wind and gas fired facilities. Wave energy projects are currently being considered off the far west coast As an internationally significant tourism destination, is scope to improve yield and encourage visitor dispersal Leveraging off higher education and research institutions – the region has building capabilities in biotechnology, information and communication technology, carbon fibre and clean technology Timber harvest in the green triangle region has growth potential Weaknesses Regional socio-disadvantage with pockets of entrenched disadvantage Lower rates than state average in some significant health-related indicators Completion of Year 12 and participation in further education lower than the state average Road infrastructure is inadequate – in poor repair and a serious barrier to regional growth Inadequate rail services – quality, reliability and frequency Limited broadband capacity in some parts of the Region Threats Current workforce demands are not met. Regional growth and emerging industries place further demands on labour Carbon intensive industries (e.g. oil refining, cement production, aluminium) are likely to be heavily affected by carbon trading Impact of climate change on agriculture and risks of rising sea level on coastal communities Catastrophic events – the region has many high-risk bushfire areas Economy in transition – the rise of emerging markets and reduced barriers affect the region’s employment trial
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