Budget's Focus on Investment, Economic Recovery and Resilience
As the world emerges from the pandemic, governments now turn their focus to economic recovery and longer term resilience.
The recent Federal and Victorian State Government budgets have a clear focus on supporting jobs growth, economic transition and resilience through infrastructure investment, business support and investment programs, regional development and strategic growth industries. Other State and Territory budgets are expected to be released in the coming days and weeks.
The role of the economic development industry and practitioners is crucial as the conduit to business in connecting and supporting businesses to respond to challenges and opportunities for future growth.
Monitor CRMS proved to be an essential platform in Council’s economic development toolkit through the pandemic. It will continue to prove critical in supporting you in connecting with local business to identify challenges, investment needs and capitalise on opportunities presented through upcoming funds and programs.
A summary of the Federal Budget can be found here and the Victorian State Budget here.