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Cmi Benchmarking Matrics

Essay by   •  August 22, 2019  •  Research Paper  •  1,952 Words (8 Pages)  •  875 Views

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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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