Consultation Open

The City of Victor Harbor is preparing an Investment Attraction Strategy.

This document will play an essential part in identifying likely investment, targets, impediments and pathways for business and workforce attraction to grow the City's employment base and further economic opportunities.

The draft Strategy was developed as a collaboration between Council, Business Victor Harbor and key stakeholders to identify strategies and actions that support business and investor attraction to Victor Harbor and the broader region.

About the draft Strategy

The Council through the design of its Economic Development Strategy identified the need for well-articulated Investment Attraction Strategy and action plan, working in partnership with Business Victor Harbor to excite interest in Victor Harbor as a place to invest.

The Strategy aims to:

• Identify the commercial investment opportunities that will support the sustainable growth and development of the Victor Harbor economy and how can this investment be enabled;
• Identify the target sectors Victor Harbor should focus on attracting and/or fostering the growth of and why;
• Determine the roles of the City of Victor Harbor, Business Victor Harbor and Regional Development Australia in delivering this Strategy; and
• Identify the impediments to greater levels of local investment in Victor Harbor and how they should be addressed.

Investment Attraction has been identified, through Council's Economic Development Strategy as an essential part of sustainably growing the City of Victor Harbor's employment base and growing the capacity of the Victor Harbor economy.

Victor Harbor is experiencing solid growth, however, its local employment base is relatively small and its population is ageing, with 56.7% of its resident aged 55 and over (abs.gov.au/census).

Whilst Victor Harbor is and will continue to be home to a large retirement community, the Strategy and Action Plan seeks to identify opportunities to grow and attract successful businesses that, employ locals and attract new working-age residents to the region.