Published on Tuesday, 22 September 2020 at 8:45:52 AM
Supporting ongoing growth of industry and business in Perth’s Eastern Region is a priority for the Eastern Metropolitan Regional Council (EMRC), especially more now than ever with the impact of COVID-19. The ‘Investing in Perth’s Eastern Region’ Prospectus, published today, is a practical resource for all current and future global, national and local investors considering investment decisions in business and industry in the Region.
Growth in major capital investment projects are creating a major impetus for greater business opportunities in Perth’s Eastern Region and competitive advantages among new and established businesses are identified as one of the factors behind the Region’s ongoing economic success.
The economic performance and benefits of Perth’s Eastern Region identified in the ‘Investing in Perth’s Eastern Region’ Prospectus include:
- Gross Regional Product of $31.8bn.
- Over 12.5% of WA exports are produced in the Region.
- 40% of container imports and 30% of container exports pass through the Region.
- 70% of regional businesses cite affordability of premises as an advantage.
- Approximately 60% of the world’s population lives within one hour of the Region’s time zone.
- Annual tourist spend of $340m at the Region’s food and accommodation businesses.
The Region has achieved an impressive 5.7% annual growth in Gross Regional Product over the past five years – with a bright future for the Region as the benefits of an impressive list of current and planned capital investments begin to flow.
Launching the report, EMRC Chairman Cr Jai Wilson said, “Our Investment Prospectus makes essential reading for any businesses who are looking for new and future opportunities for business growth. It lists an impressive array of advantages covering a skilled workforce, vibrant services sector, diverse manufacturing base and well-planned industry clusters.”
EMRC CEO Marcus Geisler said: “As an in-depth profile of the Region which is a proactive, innovative and beneficial place for a diverse range of businesses and industries, it will contribute to the efficiency and effectiveness of the Region’s economic prosperity.
“The Prospectus also highlights the great work-life balance offered by the Region’s leisure and tourism industries, placing us in an enviable situation compared with other regions. We thoroughly recommend our Prospectus as a practical resource for current future global, national and local investors who are considering investment decisions in business and industry.”
The Prospectus provides detailed insights into important aspects of Perth Eastern Region’s competitive advantages, including the EMRC, which is a leader in innovative resource and waste recovery. Its advocacy for public and private investment in the Region, which covers one-third of Perth’s Metropolitan Region and is home to 356,000 people, has contributed to the Region’s rise in Gross Regional Product over the last five years.
The EMRC works collaboratively with its six-member Councils: the Town of Bassendean, City of Bayswater, City of Belmont, City of Kalamunda, Shire of Mundaring and the City of Swan, to actively increase the resilience, creativity and innovation of the urban and environmental assets in the Region.
Mr Geisler continued: “The Prospectus also highlights the great diversity offered by the Region’s leisure and tourism industries, placing the Region in an enviable situation socially, environmentally and economically. We thoroughly recommend our Prospectus as a practical resource for all investors who are considering investment decisions in business and industry.”
Back to All News