DESIGNED to deliver a range of cross sector benefits, with particular focus on social and cultural inclusion and sustainable economic growth, the recently revealed Goulburn Murray Regional Prosperity Plan has the capacity to become a real game changer and nation leading initiative.
Primarily driven by an overarching strategy of inclusivity, the ambitious 15-year Regional Prosperity Plan aims to generate an additional $150M gross regional product (GRP) per annum through economic stimulation; provided by employment and business growth, including both established and upcoming Indigenous-led business initiatives.
The plan prioritises the acknowledgement of the region’s First Nations people and actively demonstrates an understanding of the Yorta Yorta peoples historical place in the region. This is a unique aspect of the plan, as prior to this point, Yorta Yorta and First Nations people have largely been excluded from the benefits of participation in a strong regional economy.
The concept provides a strong foundation of engagement with traditional owners and other First Nations peoples and aims to mobilise regional infrastructure for investment through Kaiela Institute’s Algabonyah business unit, further ensuring that Yorta Yorta and First Nations people are part of the future productivity growth in the region.
Though the delivery of the plan, the Goulburn Murray region has an opportunity to create a strong, robust, and inclusive region and to lead the nation by demonstrating the multifaceted benefits that are possible when respectful and valued engagement is a high priority.
“By working in close collaboration with Yorta Yorta and First Nations people, the region can create a thriving economy with circular economic flows building shared prosperity and regional growth,” said Mr Briggs.
By adopting and owning this Plan, the Goulburn Murray region is signalling its leadership role and responsibility in developing a thriving and sustainable First Nations economy.
The activation of the plan’s strategic themes includes the key component of job creation, more than 460 new roles to be exact, further demonstrating how the shared prosperity model is geared to provide tangible benefits for the community.
