Population growth projections suggesting more than 35% of Australia’s future population growth will occur from Coffs Harbour to Hervey Bay, driven mainly by the retiring, lifestyle seeking, baby boomer generation. This has significant impact for all regions, and from our perspective the Tweed in particular, with our research indicating 38% or 45,600 persons of the Tweeds projected population of 120,000 people being over 65 years of age by 2031.
Research by Tweed Economic Development Corporation (TEDC) has identified the Tweed region as having a current Work Participation Rate (WPR) of 42% compared to Northern Rivers (NR) at 55%, NSW at 62%, SEQ at 62.7% and Hunter Valley at 59%. From the Tweed’s perspective this suggests the need to generate some 25,000 new jobs by 2031 if the Tweed is to achieve a moderate 50% WPR.
Addressing the challenges associated with managing and facilitating new and existing job creating business and investment growth and management issues associated with future high age demographic health and ageing, is very much dependent on having access to appropriate Telecommunications Infrastructure, as in optic fibre, and hence the critical importance of this NBN submission.
In terms of business and investment growth, there is good opportunity in the economic/business sectors identified by the case studies namely; agriculture, knowledge industries, tourism and the creative industry sectors. These sectors are all part of a suite of solutions which also need to include technology which encourages the relocation of commercial offices and head offices of major corporations to regional lifestyle regions like the Northern Rivers, where they have ready access to essential infrastructure such as, International Airports (Gold Coast Airport), The Sea and Air Ports of Brisbane and Telecommunications Infrastructure.
A Telecommunications Infrastructure Action Plan that identifies the urgent need for high speed broadband has been developed and adopted by the Tweed Economic Development Corporation in conjunction with the Tweed Shire Council with support from Justine Elliot, the Federal MP for Richmond.
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