Business development
The development of more competitive local and regional economies is dependent on a more interventionist approach to industry development by government in keeping with overseas approaches. Key issues include:
- Regional Business Development Analysis (RBDA)
- Commissioned by the Australian Government in 2001 the Panel of the Regional Business Development Analysis released their Plan for Action in July 2003. The plan presents ten actions to foster sustainable business growth in regional Australia.
- Enterprise zones
- ALGA recognises that there are a variety of regions in Australia, a number of which are under-performing. A principal impediment to stronger regional development in Australia is a lack of coherent policy that encourages and stimulates the private sector and which is effective at a microeconomic level. Without more effective incentives for business, regional Australia will struggle to realise its full potential no matter what structures are in place. It is with this in mind that ALGA is a strong proponent of Enterprise Zones.
