E-News | September 2018 Edition

Premier Will Hodgman, Treasurer Peter Gutwein, and Minister of Health Michael Ferguson, attended NTDC’s monthly Board Meeting on Wednesday. 

Pictured left to right:
Treasurer Peter Gutwein, Lucy Byrne, Greg Bott, Minister of Health Michael Ferguson, Senior Advisor Hannah Martin, Premier Will Hodgman, John Pitt (Chair), and Sue Kilpatrick.

NTDC’s Board of Directors were enthused to welcome the Premier, Treasurer and Minister for Health/ICT to our monthly meeting to discuss options for meeting the medium-term challenges in our economy and for NTDC to provide an update on the Regional Economic Development Plan (The Plan).

During the meeting there were 3 Key challenges identified, Population, Investment and Industry Development/Exports, with interest from our State Leaders on our actions to date and how the State Government can support our region.
More detail about the challenges and our actions are covered in the articles below.


Update on the Regional Economic Development Plan – (REDP)

Population: As part of looking at solutions to the population challenge, initial conversations and interest has formed around establishing a Population Taskforce. The objective of the taskforce will be to identify how to attract and retain working age people while working alongside state and local government and other local government and regional development agencies. According to the Key Directions Report by NIEIR, as a part of the REDP requirements, to conquer the population challenges it has been identified that growth in migration via an increase in the working age people is required.

Population

As  we have covered in previous e-news, the population decline of our working age people is a particular challenge.

To help address the issue, Michael Stretton, General Manager of City of Launceston, is chairing the Population Taskforce.

Other participants include regional stakeholders, State Government officers, and RDA Tasmania.

The objective of the taskforce will be to identify how to attract and retain working age people.

The type of actions the Taskforce have identified include:

•Identify priority skills we need to attract
•Attract and retain more international students
•Attract and retain skilled migrants
•Support humanitarian refugees to find work and more local connections
•Attract new business people – especially highlighting our NBN connectivity
Industry Development/Exports:

To achieve our export targets we will need to help SME’s to be more globally competitive. This means more businesses work together and build networks where it makes sense to do so. We will look to support more cluster development in the future…NTDC continues to support FermenTasmania, who have secured up to $800,000 funding from FIAL under the Food Innovation Australia Limited cluster program over a three year period to assist to grow the fermentation industry in the state.

Some other areas of ‘cluster’ interest to date include:

  • The Food Network (already established)
  • Community and Health Industry Committee (CHIC) through the Launceston Chamber of Commerce
  • Sparkling Wine
  • Organic Farming
  • Forestry Value-Adding
The real stand-out primary and secondary industry sectors for the next decade and beyond include food processing, agriculture and other manufacturing.
Investment Attraction

An Investment Attraction Taskforce has been created with the objective to link business expansions and new projects to potential finance options.

The taskforce is chaired by Greg Bott, Deputy Chair NTDC, Ag Consultant and ex-banker, with members including; Officer of the Coordinator General, other bankers and venture capitalists.

After the extensive consultation completed by NTDC, there have been several key issues identified by businesses such as: traditional banks have difficulty in lending to business without property to mortgage; business proponents don’t know potential investors (and vice-versa); and that there are many new alternatives such as peer to peer lending.

Since being established, the Taskforce has assisted 2 businesses to connect with alternative finance sources, as well as provided new investment content for the Premiers Upcoming Trade Mission.

If you are interested to know what type of information is required to gain investment support check out this link here.

If you or someone you know is interested in having a conversation on how the Taskforce’s or NTDC can assist you, please contact NTDC: Maree Tetlow, CEO, maree@ntdc.org.au or 0408 825 060

Pictured: George Doumouras, Managing Director of George Town Seafoods.
One of the 100 businesses consulted.


As part of the REDP, NTDC have been actively engaging with businesses in the north and north-east through the consultation phase. Through this process NTDC have successfully engaged with over 100 businesses identifying key issues that businesses are facing today.

Pictured above is George Doumouras owner of George Town Seafood’s holding quality Tasmanian scallops. Georgie Brown, Project Manager, NTDC had the pleasure of meeting with George. George is a proud operator of quality fish processing facilities and supplier of fish through fish shops and market sales with 80% of markets serviced being Tasmanian. It is important to George that locals and visitors can enjoy our Tasmanian seafood harvest!

George Town Seafoods is also a substantial contributor and supporter to the local area with 90% of his 80 staff being residents of George Town.

NTDC is currently investigating how the fish licensing regulations are impacting on our commercial fish processing sector.

Click here to visit George Town Seafoods website.


Events:

AICD Governance Foundations for Not-for-Profit Directors
26 -27 September
UTAS – Launceston Campus Launceston TAS
The Governance Foundations for Not-for-Profit Directors will provide participants with an understanding of fundamental compliance and performance related roles and responsibilities of directors, specifically in the areas of governance, risk, financial performance and strategy.
For more information and to register click here.
Team Defence Australia: 
Euronaval 2018
22 – 26 October 2018
Team Defence Australia invites companies wishing to attend Euronaval 2018 as part of Team Defence Australia to submit an Expression of Interest (EOI) to the Exports team in the Centre for Defence Industry Capability (CDIC).
For more information, click here.

The 22nd International Farm Management Association Congress 

3-8 March 2019
&
Supplementary day for Next Generation agricultural managers
Saturday 2nd March
The main theme is “Growing Agriculture at 410 South”. While the theme infers special interest in Tasmania, and is consistent with the State Government’s objective of increasing the farm gate value of agricultural output 10-fond by 2050.
Submissions close 31 October 2018. Click here for more information.

NTDC Contacts

As a reminder, earlier this year NTDC revamped our website and additionally had our email addresses updated.

You can now find us at the following places:

Website: http://ntdc.org.au/
Facebook main: https://www.facebook.com/NTDCorp/
Facebook – Food Network: https://www.facebook.com/TasFoodNetwork/
LinkedIn: https://www.linkedin.com/company/ntdcorp/

Email us at:

Maree Tetlow, CEO: maree@ntdc.org.au
Georgie Brown, Project Manager: georgie@ntdc.org.au
Rikki-lee Ross, Executive Support and Communications Officer: rikki-lee@ntdc.org.au