In the hope of establishing more opportunities in the area, the Cleve District Council in Australia has set a new economic development framework, a report said.
The council’s report notes that although they usually play a conservative role in developing the region’s economy, the area is experiencing substantial population decline and aging. This limits future investments, employment, job creation, and population growth.
The goals of the new framework are to increase the population by 2,000, focus on a more youthful demographic, attract and retain 100 new families to the district, and create 100 jobs in export-oriented industries.
Within the economic development projects budget for the upcoming fiscal year, $465,000 will be used for operating expenses like the Main Street Renewal Project, the Arno Bay Masterplan, and an annual music festival.
More than 4 million of the budget will be put towards capital expenditures, including improvements to the walking path and boat ramps in Arno Bay and the RV Park and a new playground in Cleve.