Jump to content
Sign in to follow this  
BVSRRA

road to recovery ...

Recommended Posts

In its devastating assessment of the impact of bushfires & the Covid19 pandemic on the Bega Valley Shire economy, this week’s ID Report reportedly forecast a fall in Gross Regional Product (GRP) of $52M or 13.9% for the June Quarter, 2020, compared to the previous year, rendering it the 6th worst impacted of the 95 regional Local Government Areas (LGAs) in NSW.

According to ID, the shire’s capacity to pursue economic recovery is hindered by the fact that there has been zero growth in the local economy, including jobs, in the three years to December, 2019. Coupled with a low rate of building approvals in the same period & a high reliance on impacted industries, such as tourism, & a high level of part-time work, the risk to the shire’s economic recovery is even greater.

Given our shire’s comparative economic standing with the rest of NSW, the association believes that the state & federal governments should be making a major practical investment in the shire by committing to the relocation of government agencies to the area.

Read more … www.begavalleyshireratepayers.asn.au/files/Bega-Valley-Shire-Residents---Ratepayers-Association--BVSRRA----Media-Release---road-to-recovery---11.09.2020.pdf

road to recovery ....jpg

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

×