The latest Regional Economic Activity Report showcases the need for immediate support from regional and central Governments for vital revenue-making strategic initiatives currently underway in the Eastern Bay.
It is vital to ensure that all regions across the country are successful in an increasingly competitive global marketplace.
Amongst other things, this means it is important for regional and central governments to support key industry and infrastructure projects, which will help in improving the region’s economic footprint.
The time to act is now. We believe it is important for decision-makers to have view the larger picture of regional development.
Significant initiatives
The Eastern Bay of Plenty is already working towards this goal and would welcome greater involvement by regional and central governments.
Three key examples of these include the Ōpōtiki Aquaculture and Harbour Development Projects; the Industrial Symbiosis Project in Kawerau, which is an effective example of a successful collaboration between industry, local, regional and central Governments working together to improve the region; the efficient specialised marine manufacturing in Whakatāne and its increasing popularity as a desirable residential & educational hub and tourist destination.
Expanding GDP
The Ōpōtiki Aquaculture and the Harbour Development Projects are the most significant new primary production and infrastructure initiatives underway in the region. Generating between 320 and 450 new jobs, these projects will address some of the region’s most pressing economic and social needs; in dollar terms these projects would generate about $55 million to our GDP.
Similarly, Kawerau’s wood processing, forestry, and energy capabilities have the potential to make higher contributions to the GDP of the region and the country.
Each of these projects would accrue benefits to the country as a whole.
New Zealand is a sum of its parts. The Eastern Bay plays a significant part as an engine-room for manufacturing and exports. Our region’s economic strengths in forestry, manufacturing, marine development, logistics and tourism can be highly enhanced with collaboration, support and cooperation.
We call on industry and regional and central governments to work with us to enable Eastern Bay to contribute more towards New Zealand’s growth.
Sneha Gray is General Manager of TOI EDA, Economic Development Agency of Eastern Bay
