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Economic Development Strategy

The City of Norwood Payneham & St Peters is home to some 7,000 businesses creating more than 24,300 jobs across the City.

Economic Development Strategy 2021-2026 CoverThe Council has developed an Economic Development Strategy which will guide sustainable local economic growth over the next five years to deliver positive outcomes for the economy, and social and cultural sustainability within the City.

Defining an economic development strategy with clear direction and focus provides the foundation to ensure the successful longevity of the City’s business and economic sector.

Included in the 2021-2026 Economic Development Strategy is a strong vision which is supported by four key themes, all of which aim to achieve growth in the local business sector, promote the City as a destination with dynamic and vibrant precincts, as well as encourage innovation and investment—while at the same time making it easy for people to start, own and grow a business.

Economic Development Strategy 2021-2026

COVID-19 pandemic

The economic and social impacts of the COVID-19 pandemic have been carefully considered and are reflected in the ‘Recovery and Rebuild’ phase of the strategy, which will be prioritised in Year 1 of its implementation.

Economic Development Strategy: 2021 – Year 1 Review

The first annual review of the Council’s Economic Development Strategy has revealed positive data in relation to how businesses are performing in our City.

In its first year, the Strategy delivered 45 initiatives which have all played a key role in helping the local economy during the pandemic.

For more information, download:

Economic Development Strategy: 2021 – Year 1 Review

More information

Economic Development & Strategy Unit
T: 08 8366 4555