Skip to main content

Investment Prospectus & Economic Snapshot

The Economic Development Snapshot has been developed to provide an overview of the local economy and to highlight any significant changes in the last quarter.

About Latrobe City

Traditionally recognised as the heart of Victoria’s electricity industry, today a range of other sectors contribute to the Latrobe City economy.

The top five contributors to Latrobe City’s economic output are:

  • Electricity, Gas, Water and Waste Services Sector | $2.3billion | 22.2%
  • Manufacturing | $1.7billion | 16.3%
  • Construction | $1.2billion | 11.6%
  • Rental, Hiring and Real Estate Services | $835million | 7.7%
  • Health Care and Social Assistance | $611million | 5.7%

Innovative industry

Latrobe City fosters an environment of growth and innovation. With coordinated State and Local Government support, it makes Latrobe City an easy and efficient place to set up a business.

We recognise that a strong linkage between education, industry and the community is required to achieve a strong economy into the future.

Council business support

Council’s Economic Development and Planning teams work collaboratively to support and facilitate investment.

Latrobe City Council’s Planning Department has exceeded its key performance indicator each month since 2015 of achieving 85% of permits to be issued within 60 days.

Well planned and affordable

Latrobe City Council is dedicated to ensuring suitably zoned land is best positioned to support new and existing industry and employment opportunities. The ‘Live Work Latrobe’ project will shape the future growth and development of Latrobe City.

Latrobe City offers excellent rural and urban living opportunities in Victoria’s only eastern Regional City. The affordability of living and investing in Latrobe City makes relocating attractive to businesses and families. 

Skilled, diverse workforce and education

Latrobe City has a diverse labour force of over 32,000 workers.

The strength of the workforce is the engineering skills and knowledge that exists locally. The workforce is strongly represented by those with certificate and post-school qualifications (34%), which is reflective of the traditional heavy industry located in Latrobe City.

Latrobe City has a range of education choices, catering to all needs. There are public and private primary and secondary schools, Federation University, Monash Rural School, Federation Training (TAFE), Hi-Tech Precinct, Gippsland Tech School and other education and training providers.

Exporting to the world

Latrobe City businesses currently export $4.543 billion* per annum to Victoria, Australia and around the world.

A diverse range of products and services are exported around the world including coal, pulp and paper products, manufacturing, agribusiness, aviation, specialty fertilisers and education.

Liveable regional city

Latrobe City boasts all the recreational and cultural facilities of a large diverse regional centre with the added benefit of being located near some of the best tourist attractions in the state. Week to week there is always something different happening. 

Latrobe City has a comprehensive range of community, health, personal services and facilities to provide for the needs of the region.

Previous economic development shapshots



Investment precincts 

Latrobe City Food and Manufacturing Precinct

Latrobe City Aerospace Precinct

Do you like our site?