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New economic strategy to support a prosperous economy

16 April 2026
Reading Time: 2 mins read
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New economic strategy to support a prosperous economy

Cleveland

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The adoption of a new Economic Development Strategy will help Redland City Council deliver its vision for a prosperous local economy.

Mayor Jos Mitchell said the Redlands Coast Economic Development Strategy 2026–2031 established a framework of objectives and measurable actions through which Council could influence the local economic environment.

“This strategy is about supporting business success, attracting investment in the region and enhancing community wellbeing,” the Mayor said.

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“It outlines Redlands Coast’s value proposition to investors and businesses, its emerging industry strengths and its long-term potential, and sends a signal to investors, businesses and government partners that the city is ready to move forward, innovate and embrace new opportunities.

“It also aligns with one of the five goals in the Corporate Plan 2026–2031, for Redlands Coast to be a flourishing and evolving economy attracting investment, innovation and opportunity.”

The Mayor said the strategy recognised that economic resilience was about people, and making sure the economy delivered for the community.

“It is about backing local businesses, enabling innovation, creating meaningful jobs close to home, and ensuring our young people can see a future for themselves here on Redlands Coast,” she said.

“The strategy also seeks to address the challenges and opportunities ahead, from skills shortages to visitor economy constraints, the distinct needs of our island communities, providing opportunities for young people, circular economy leadership, the silver economy that recognises the role of an ageing demographic, and the growing marine services sector.”

The Mayor said the strategy identified five key areas with priorities for investigation and development, each with desired outcomes, objectives and measures of success:

  • Business support, retention and investment attraction
  • Growth sector and industry diversification
  • Workforce, skills and youth opportunities
  • Visitor economy and place-based activation
  • Economic governance, leadership and partnership.

“The strategy will focus on support for sectors that are expected to deliver valuable benefits, including advanced manufacturing, high value-add services such as professional, technical, scientific and financial services, the visitor economy and construction sectors,” the Mayor said.

“The adoption of the Economic Development Strategy will support Council as it fosters opportunities for our city, especially those available in the lead up to the Brisbane 2032 Olympic and Paralympic Games.”

Tags: Brisbane 2032 Olympic and Paralympic Gamesbusiness supportCorporate Plan 2026-2031economic developmentEconomic Development StrategyRedlands Coast Economic Development Strategy 2026–2031silver economyvisitor economyworkforce

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