Cmi Benchmarking Matrics
Essay by jameschosan • August 22, 2019 • Research Paper • 1,952 Words (8 Pages) • 875 Views
7 Appendix
7.1 Matrix 1 – Benchmarking Ten Councils
Land Area (km²) | Population | Gross Regional Product ($)(GRP) | Employed Residents | Local Businesses | Local Jobs | Largest Industry | Land Use | Strategies | Initiatives | Goals | Targets | Summary | |
City of Canterbury Bankstown | 110 | 373,931 | 14.48B | 161,845 | 33,324 | 118,449 | Health Care & Social Assistance | Residential Commercial Industrial | CBC2028 – support and promote employment and skill development | Small Business Start-Up Programs Networking Events, Skills Expo | “Prosperous and Innovative” – encourage talent, innovation and create jobs | 13,000 new jobs for Bankstown CBD (2036) | Highest population council within the Sydney Metro area. An excellent long-term strategy however, innovation within its initiatives is crucial. |
City of Blacktown | 240 | 366,534 | 17.11B | 180,044 | 23,340 | 138,498 | Retail Trade | Residential | Strategic economic opportunities and partnership to attract investment and foster local business and employment | Business events and functions | Competitive economy with world class services | - | Second largest population. An LGA which caters more for business sustainability for its largest industry - Retail |
City of Sydney | 27 | 240,229 | 121.41B | 145,125 | 70,932 | 635,805 | Professional, Scientific and Technical Services | Residential Commercial Industrial Institutional | Sydney2030 – Strengthen competitiveness, improve productivity and capacity promote opportunity Provide support to priority industry sectors | Efficient engagement with business by simplifying processes and remove barriers Targeted programs – grants and sponsorship | Deliver a dynamic, environmentally sustainable economy for residents, workers, visitors and students | 465,000 new jobs by 2030 | A thriving and competitive LGA with a range of industries and infrastructure. A very high KPI for the LGA – its success will depend on the councils Strategies |
City of Parramatta | 84 | 251,311 | 26.70B | 126,464 | 26,056 | 177,940 | Health Care & Social Assistance | Residential Commercial Industrial Institutional | Deliver successful business programs Business-friendly environment (easier to start a business) | Small Business Programs and Workshops | Grow the number of jobs in Parramatta LGA Develop a strong economy with a strong city centre | 20,000 jobs and 8B increase in GDP (2021) 80% satisfaction rating for programs/events 2000 new small businesses (2021) | A rapidly developing CBD with a lot of changes to infrastructure |
Penrith City Council | 405 | 209,210 | 9.40B | 110,175 | 14,332 | 86,420 | Health Care & Social Assistance | Residential Rural | Attract investment to grow economy – increase in business diversity | Online courses, webinars and face-to-face training Incentive programs | Growing new jobs in a range of areas | 42,000 increase in jobs by 2031 | Located on the fringes of the Sydney Metro area. Attracting business diversity will be key in achieving their targets. |
Liverpool City Council | 306 | 342,047 | 11.31B | 100,837 | 16,410 | 94,828 | Health Care & Social Assistance | Residential Industrial Commercial Rural | Attract businesses for economic growth and employment opportunities | Partnership proposals and start-up accelerators Workshops/Events – representatives from PwC Equity Scholarships | Attract new jobs within Liverpool’s industry focus areas Market Liverpool as a business district | Facilitate 4 major employment generating projects 2500 new jobs 20 new partnerships | Another LGA with rapid building development and infrastructure - Innovative initiatives. |
Northern Beaches Council | 257 | 271,278 | 16.30B | 153,169 | 32,672 | 110,786 | Health Care & Social Assistance | Residential Parklands | Create a vibrant local economy | Networking to share expertise and promote best practice Implement programs Provide industry programs and grants | Businesses are well-connected and thrive in innovation and economic growth Opportunities to match skills and needs of the population | - | A focus on protecting the natural environment and improvement of quality of life for the future. Capitalising on its location by the coast to create a vibrant economy. |
Central Coast Council | 1,680 | 342,047 | 13.49B | 159,121 | 23,617 | 126,459 | Health Care & Social Assistance | Rural Residential | Creating more jobs close to home Support priority economic sectors | Leverage business investment and jobs from major public infrastructure investments Capitalise on location to enhance visitor economy | Reduce the necessity for workers to commute out of the region | Increase of local jobs by 24,674 | A vast LGA (majority Parkland) by the coast. With a focus on creating business sustainability for workers to remain within the region. |
Newcastle City Council | 187 | 164,104 | 17.68B | 70,255 (2011) | 11,591 (2011) | 102,800 | Health Care & Social Assistance | Residential Industrial | Business growth and employment creation Encourage innovation in business | Promote access to development/innovation programs by Govt. initiatives Work with Business Improvement Associations | Revitalise the city centre Support and advocate for the small business sector | Growth in student numbers Change in trends of small business numbers Numbers attending seminars | A current growth in knowledge industries which will add value to economic/local business growth. |
Woollahra Municipal Council | 12 | 58,964 | 5.16B | 35,555 | 9,260 | 25,663 | Health Care & Social Assistance | Residential | Local prosperity through supporting local economy and balancing growth with business, tourism and community demands | Encourage vital suburbs that support a healthy economy Balance tourism demands Promotion and launch of grants, markets and guides | Increase in LGA Employment by industry group, vacant shops, net wealth and retail employment | Employment per industry increased by 2% p/a Vacancy rates for shops does not exceed 5% 2% increase in net wealth | A relatively small region that has implemented great key strategies and targets. |
Summary | Varying selection of Land Area to indicate how a council might utilise its space | A large region/council does not necessarily equal a high population | Councils with a thriving CBD or town square typically generate more GRP. Higher GRP - More opportunities and larger projects for businesses. | A lot of residents don’t work locally and often travel to neighbouring areas or CBDs | The higher number of local business increases GRP. Therefore, local business sustainability is crucial for its Council members and residents. | Similar to Local Businesses – Councils will want to increase the amount of Local Jobs. | Health Care & Social Assistance is the largest and fastest growing industry amongst all regions. Professional Services are mainly found within a CBD | All regions are residential Regions with a variety of different infrastructure and land use will generate more GRP | All councils will strive for sustainable business and economic development. | Regions with large changes to their infrastructures typically have the strongest strategies and action plan | Similar goals and opportunities for each council that cater to their largest industries and infrastructure | Very ambitious KPIs however these are often spread over a large period of time |
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