Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


Education sector important for prosperity

18 December 2012


Education sector important for prosperity

The importance of education to the prosperity of Palmerston North and the Manawatū region is recognised in the latest sector profile released today by Palmerston North City Council.

GDP estimates prepared by the Council suggest the sector had a direct GDP contribution in 2012 of $450 million and an indirect contribution of $250m, giving a total $700m contribution to regional GDP.

Spending by education institutions is estimated to have contributed $545m and spending by students $155m.

Palmerston North Mayor Jono Naylor says the contribution of the education sector is one of the key reasons why our city continues to grow even during the global financial crisis.

He says the effects of the education sector are much larger than its direct contribution to economic activity.

“Palmerston North is known world-wide as a centre of education excellence. Students live, work, volunteer and participate in sports and cultural activities in the city, they are part of the makeup of our community.

“A number of head offices, including Toyota New Zealand purposefully shifted to Palmerston North because of the educational facilities. Companies such as Unlimited Realities, Spider Tracks, Bacon No Tillage and many other companies were founded by people who studied in Palmerston North. Education is part of our city’s reputation.”

Highlights from the profile include:

• High levels of participation in early childhood education in the region across all ethnic groups
• Significant growth in average hours in early childhood education.
• Secondary schools continue to attract pupils from outside the region.
• Secondary school University Entrance achievement levels in the region compare favourably with the New Zealand average.

The profile also recognises education sector linkages with related sectors which are also contributing to greater prosperity in the region:

• Research sector organisations in the region employed 800 staff in February 2012. The research organisations based next to the Massey campus reflect the university’s strength in agriculture, industrial development and infrastructure. The region accounts for ten percent of national employment in agricultural machinery manufacturing, also reflecting these links.

• Visitors, such as those coming to the region for conventions, graduation ceremonies, extramural block courses and visiting family and friends. Estimates prepared earlier this year suggest the May Massey University graduation ceremonies alone bring around $0.5m additional economic activity into the region.

• Sectors which employ students, such as retailing, distribution centres and call centres, for example.

• Businesses that are attracted to the region because of links to Massey University and also the quality of educational opportunities available for their employees.

Economic policy advisor Peter Crawford says the economic profile is a useful addition to the set of economic profiles for the region which includes: Agriculture, Defence, Logistics, Manufacturing, Tourism, Research, Not for Profit and Government – you can find out more about these by visiting http://www.pncc.govt.nz/about/economy/sector-profiles/.


ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Gordon Campbell: On Bank Scandals (And Air Crashes)

Last month, the Australian Securities and Investment Commission (ASIC) filed proceedings against Westpac over activities that have some distinct echoes of the Libor scandal. More>>

Budget: Health Funding Must Keep Up With Need

NZNO: “The nursing team has been doing more with less for years. It’s getting to the point that we’re really worried about our colleagues, our patients, our jobs and the level of health care available for people in our country." More>>

ALSO:

Emissions Inventory: Time For The Government To Do The Right Thing

It’s time for the National Government to step up and do the right thing to reduce climate pollution as data shows New Zealand’s greenhouse gas emissions are higher than ever, the Green Party said today. More>>

ALSO:

Budget 2016: More Partnership Schools To Open

Seven new schools will join the eight Partnership Schools already open, along with further new schools opening in 2017. “The growth of this policy is a reflection of the high level of interest from educators and community leaders,” Mr Seymour says. More>>

ALSO:

No Correspondence With English: Did Brownlee Make Up Sale Of Navy Ships ‘On The Hoof?’

Having revealed that several Royal New Zealand Navy vessels have not left port in years, New Zealand First is now asking the Minister of Defence to prove he did not come up with the idea of selling HMNZS Taupo and Pukaki until the media asked him. More>>

Housing Plans: Labour- Abolish Auckland Urban Boundary
The Government should rule out any possibility of an urban growth boundary in Auckland Council’s Unitary Plan if it is serious about fixing the housing crisis. More>>
Greens - State House Solution
The Homes Not Cars policy allows Housing New Zealand to retain its dividend and, in addition, would refund its tax, to spend on the emergency building of around 450 new state houses. More>>

ALSO:

Houses And Taxes: Post-Cabinet, Pre-Budget Press Conference

The Prime Minister said that the pre-budget announcements showed that his Government is “investing in a growing economy”. He re-affirmed the National Government’s commitment to lowering personal tax rates but that any such change must fit with the fiscal reality of the time. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news