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

 

Economic Recovery A Collaborative Effort


Media Release
Thursday 18 April 20013
For immediate release

Economic Recovery A Collaborative Effort

Collaborative effort is needed to help Wellington’s economic recovery according to a report to the Greater Wellington Economic Wellbeing committee.

The report from the Wellington Regional Strategy Project is based on economic trends over the past 10 years and key economic indicators over the past year. It aims to provide a collective picture of the local economy and to highlight possible areas of focus for the future.

The State of the Regional Economy report shows that while Wellington has a strong base for sustainable progress, economic recovery has been slower than in other parts of the country. The report suggests a commitment and a regional approach would help move the economy forward at the same pace as other regions.

The median annual income for Wellington residents is higher than for the rest of New Zealand with almost 40% of the workforce employed in highly skilled occupations (36% nationally). The region has a comparative advantage in a number of industries such as arts and recreational services, telecommunications, internet and library services, insurance, finance, electricity and gas industries.

The region’s infrastructure such as water and energy supply, public transport and roading and port services have the capacity for sustainable economic growth and residents are better serviced than other New Zealand regions in the areas of health and hazard mitigation.

On an international scale Wellington scores highly on infrastructure and community amenities. However, its global ranking is drastically affected by its inability to handle international connections and direct flights.

Also having a negative impact on economic growth is a population growth rate that is lowest for metropolitan regions and a reduction in the number of skilled migrants coming to the area. Wellington is trailing in employment growth, ranking 11th out of 16 regions, 15th for economic growth and 15th for sector diversity.

Growth in the number of businesses is slightly below the national average and house prices have declined in Wellington while increasing in other parts of the country.

The report highlights the work already being done in the region to promote economic improvement such as the Wellington Regional Strategy Office project to promote ultrafast broadband, the recent all sector Call to Action Workshop and follow up work, the Wairarapa Water Use Project, and the proposal to expand Wellington Airport facilities which is currently included in the Wellington City Council’s strategic plan.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Ch-Ch-Changes At IRD

job cuts aren’t happening at the IRD, exactly. Instead, there’s apparently a ‘transformation’ in store, and jobs won’t be axed ; no, they will be ‘transformed’ before our eyes into… non-jobs, if you happen to be among the unlucky legion of 1,900 who are being lined up for transformation, which seems to work rather like a secular version of the Rapture.

Except that at IRD, not even your shoes will be left behind. More>>

 

Christchurch Mental Health: Hospital Too 'Awful' For Reviewers To Visit

Jonathan Coleman has to stop the stalling over a new building for mental health services in Christchurch to replace the quake damaged Princess Margaret Hospital, says Labour’s Health spokesperson David Clark... More>>

ALSO:

Greens Call For Govt Action: Children Sick Because Of NZ Housing

The Royal Australasian College of Physicians president-elect said today that children with preventable respiratory illnesses are being re-admitted to hospital because they're being sent back to cold, damp homes. More>>

ALSO:

Less Tax Cut, More Spending: Labour Launches Fiscal Plan

“Labour will invest $8 billion more in health, $4 billion more in education and $5 billion more for Kiwi families through Working for Families, Best Start and the Winter Energy Payment than the Budget 2017 projections for the forecast period.” More>>

ALSO:

Gordon Campbell: On The Greens’ Room For Political Pragmatism

The Greens here are currently being criticized by the commentariat for not making the same kind of pragmatic choices that sunk the Democrats in Australia. More>>

Gordon Campbell: On Being Humane About Welfare, Child Support, And Tax

It made for an unusual Venn diagram, but Greens co-leader Metiria Turei and Finance Minister Steven Joyce were briefly sharing some common elements this week in the set that says – hey, don’t use the powers of the state in ways guaranteed to make the system you’re trying to defend worse, not better. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election