Approval Date: 5 August , 2024

Policy Goals

The purpose of the Economic Development Assistance Policy is to provide guidance to Council and a substantive framework for the provision of economic assistance to facilitate new investment, diversification of the municipality's industrial base and improvements in skills to achieve additional employment in Latrobe City. The policy is also designed to facilitate local industrial and manufacturing industry to be internationally competitive and to build on to the unique strengths and competitive advantage of the region.

The policy is designed to attract new employers and to facilitate expansion of existing employment providers in Latrobe City. This specific aim is designed to encourage expansion by the provision of some form of direct individual financial assistance. This assistance is evidence of the Council’s commitment to increasing employment opportunities throughout the municipality.

Background

This policy relates to the following SMART Strategic Directions from the Council Plan 2021:

Latrobe City has a highly skilled workforce, access to education and training and we are invested in growing the capacity of our community, supporting innovation and invention.

We are focused on creating opportunities and exploring health innovation, digital industries, alternative energy and value added advanced technology and manufacturing. We support diversification of our industrial base and the development of opportunities for highly skilled employment into the future.

Objectives

The objective of the Economic Development Assistance Policy is to provide guidance to Council and a substantive framework for the provision of economic assistance to facilitate new investment, diversification of the municipality's industrial base and improvements in skills to achieve additional employment in Latrobe City.

The policy is also designed to facilitate local industrial and manufacturing industry to be internationally competitive and to build on to the unique strengths and competitive advantage of the region. This assistance is evidence of the Council’s commitment to increasing employment opportunities throughout the municipality.

Scope

The policy is designed to attract new employers and to facilitate expansion of existing employment providers in Latrobe City. This specific aim is designed to encourage expansion by the provision of some form of direct individual financial assistance.

Further Information

View the full policy: