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Economic and Workforce Development Plan

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Economic and Workforce Development Plan Economic and Workforce Development Plan City of Ipswich | 2018–2019 Ipswich.qld.gov.au Bendigo Bank Regional Office, Ipswich Table of Contents Introduction ............................................................................2 Economic and Workforce Actions ..........................15 Building Prosperity ....................................................2 Local Business Growth .......................................... 15 Economic and Workforce Advantages ..................3 Industry Development ........................................... 16 Economic and Workforce Targets ............................4 Tourism and Events .................................................17 Economic and Workforce Foundations .................5 Smart City .................................................................... 18 Ipswich ..............................................................................5 Advocacy and Promotion .................................... 19 South East Queensland ..........................................8 International Relations .........................................20 Economic and Workforce Forecasts .....................9 Economic and Workforce Enablers ....................... 21 Ipswich and South East Queensland ...............9 Transport Connectivity ......................................... 21 Economic and Workforce Priorities ....................... 11 Economic and Community Hubs ..................... 22 Key Industries ..............................................................11 Stakeholder Consultation ...........................................23 Adapting to Workforce Disruption ................14 Office of Economic Development........................24 Cover image: Greater Springfield Image © Springfield City Group 2018 Maleny Blackbutt Caloundra Kilcoy Caboolture Crows Nest Esk Redcliffe Queensland IPSWICH Brisbane Gatton Toowoomba Redland IPSWICH Bay Laidley Springfield 4 5 M I Rail NS 6 Highway 0 Surfers Paradise M I Boonah NS Beaudesert Airport Robina 75 M Port IN S Tweed Heads Warwick CITY OF IPSWICH - ECONOMIC AND WORKFORCE DEVELOPMENT PLAN 2018-2019 Introduction Building Prosperity For generations, Ipswich has been a significant Council has an active role in influencing positive driver of Queensland’s economic prosperity. economic and workforce outcomes amid this extraordinary progress. A focus on skills development, Once it was mining, farming, rail transport, manufacturing priority industries, employment growth, export value, and heavy industry that fed the region’s economy innovation, advocacy and collaboration is key. and employed locals. Over many decades those industries have continued to evolve and provide Our city is one of the fastest growing regions Ipswich with an experienced and skilled workforce. in Australia. Today, traditional industries are in advanced As we embrace and harness this growth, we are transition as digital technology, dynamic markets making the most of every opportunity. We are honing and sustainable practices push innovation and in on tomorrow’s jobs that match our can-do spirit, improvement. Ipswich businesses are leading this skills and strengths. We are making sure our progress across many sectors including Defence, connections are stronger than ever — with one Biofutures, Advanced Manufacturing, Food Production, another, with our neighbours and with the world. Transport and Logistics, Construction and Health. We are confident in who we are, where we are and At the same time, Ipswich is attracting unprecedented what we have to offer. As Queensland’s oldest population growth accelerated by some of the regional city we have never felt so young. largest master planned greenfield residential developments in the Southern Hemisphere. Whether you’re a dreamer or a doer, we invite you to be part of the charge that will propel Rarely has an Australian city with such strong heritage our city towards prosperity. Together, we are and history experienced a social and economic turning ideas into action to become Australia’s evolution as rapid or profound as this. It is redefining most progressive, smart and connected city. the way the region operates, how the community is connected and how the city is positioned nationally. Greater Springfield 2 Image © Springfield City Group 2018 Economic and Workforce Advantages Strategic Location Liveability and Young Demographic Affordability One of the highest Geographic centre of household discretionary south-east Queensland spends in Queensland Median age of 32 Skilled Workforce Strong Economy Greenfield and Industrial Land Supply Advanced Manufacturing, Health and Education, GRP double the Logistics and Agribusiness state and national 1/3 of all available economic corridor growth average industrial land in SEQ Nature and Heritage Proactive Local Accessibility Government 550 parks, 8,000 hectares Award-winning Planning, Serviced by of public open space and Infrastructure and multiple major road 7,000 historic sites Smart City programs and rail arterials Current Population Property and Projects Growth Construction $7.6 billion Fastest growing city 47% annual growth underway across the city in Queensland since 2001 3 CITY OF IPSWICH - ECONOMIC AND WORKFORCE DEVELOPMENT PLAN 2018-2019 Economic and Workforce Targets Actual and Future Estimated Economic Statistics for the Ipswich City Region 2016 / 2021 / 2026 2016 2021 2026 Gross Regional Product $8.84b $10.56b $12.24b Exports $8.9b $10.63b $12.32b Local Employment (Total) 73,078 87,258 101,157 Local Employment Containment Rate 47.1% 56.3% 65.2% Local Workers Qualifications 36.1% 43.1% 49.9% Visitor Arrivals (Total) 2.18m 2.6m 3.02m Source: id Consulting Pty Ltd Fire Station 101, Ipswich 44 Economic and Workforce Foundations Ipswich The Ipswich economy is driven by traditional In 2016/17 there were 8,914 registered businesses in industries of Manufacturing, Health Care and Social Ipswich. The Construction industry has the largest Assistance, Retail Trade, Education and Training, number of total registered businesses in Ipswich, Public Administration and Safety, Construction, and comprising 21% of all total registered businesses, Transport, Postal and Warehousing. By measures compared to 17% in Queensland. The Transport, of Value Added and Employment these were the Postal and Warehousing industry has the second key industries for Ipswich over the past ten years. largest number of total registered businesses in Ipswich, comprising 11% of all total registered Employment in these industries, particularly businesses, compared to 6% in Queensland. Manufacturing and Public Administration and Safety, as a percentage of workforce is considerably higher From 2014/15 to 2016/17 the Ipswich industries in Ipswich compared to the Queensland average. which have had the highest growth in registered businesses are Construction (+186), Transport, From 2011/12 to 2016/17 the industries which have Postal and Warehousing (+152) and Health Care and had the highest growth by Value Added are Social Assistance (+82). The industries which have Health Care and Social Assistance (+$193m), had the greatest decline in registered businesses Electricity, Gas, Water and Waste Services (+$184m), are Public Administration and Safety (-7) and Financial and Insurance Services (+$151m), and Electricity, Gas, Water and Waste Services (-6). Public Administration and Safety (+$107m). Health Care and Social Assistance is the Overall, the Ipswich economy is performing strongly, largest employer in Ipswich, making up 14.5% of its Gross Regional Product grew by 4% to total employment. Manufacturing (13%), Retail $9 billion in 2016 compared to 1.2% growth for Trade (11%) Education and Training (11%), and Queensland. However, as is indicated by the local Public Administration and Safety (10%) round service profile of the key industries, most of the out the top five industries by employment. economic growth is in Local Sales rather than Exports. Over 47% of Ipswich residents live and work in the region, this Employment Self-Containment Rate is comparable with the regions immediately surrounding Brisbane including Logan (46%), Redland (48%), and Moreton Bay (53%). The industries with the highest percentages of residents travelling outside of Ipswich to work are Transport, Postal and Warehousing (66%), Information Media and Technical Services (62%), and Manufacturing (53%). Image © Goodman 2018 5 CITY OF IPSWICH - ECONOMIC AND WORKFORCE DEVELOPMENT PLAN 2018-2019 Queens Park, Ipswich 6 Economic and Workforce Foundations Figure 1: Ipswich Industry by Value Added (millions) Agriculture, Forestry and Fishing 75.0 Mining 106.8 Manufacturing 1,118.8 Electricity, Gas, Water and Waste Services 294.6 Construction 1,406.0 Wholesale Trade 280.8 Retail Trade 429.0 Accommodation and Food Services 154.0 Transport, Postal and Warehousing 394.4 Information Media and Telecommunications 56.6 Financial and Insurance Services 361.3 Rental, Hiring and Real Estate Services 204.1 Professional, Scientific and Technical Services 203.5 Administrative and Support Services 160.2 Public Administration and Safety 933.4 Education and Training 491.3 Health Care and Social Assistance 734.1 Arts and Recreation Services 26.8 Other Services 130.6 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 Source: National Institute of Economic and Industry Research 2016 Figure 2: Ipswich Industry by Employment Total Agriculture, Forestry and Fishing 653 Mining 416 Manufacturing 10,284 Electricity, Gas, Water and Waste Services 970 Construction 5,774 Wholesale
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