We currently run events (such as the business awards, industry training graduation, and business breakfasts) to encourage economic development. We support tourism by operating the Te Aroha Mineral Spas and Te Aroha i-SITE, and providing funding to the local information centres and Hamilton & Waikato Tourism. We have also recently started building international relationships to help facilitate investment in the district.
In line with our vision, we want to do more to support economic development. So we’re proposing the following initiatives - you can tell us whether you agree or disagree by making a submission
Employing an Economic Development Resource
We plan to employ someone to facilitate economic development in our district for at least the next three years. This person would be responsible for supporting economic growth in our district. We have identified $100,000 for this, using existing budgets.
Investing in Regional Economic Development
We plan to invest an additional $30,000 in a regional economic development agency to support a regional economic development strategy. Part of the role outlined above would be participating in regional economic development initiatives.
What else are we proposing?
- Continuing to provide all the economic development services and funding we currently provide.
- Increasing funding to Morrinsville Chamber of Commerce by $5,000, and Matamata Public Relations Association by $15,000to $75,000 each.
- Marketing and promotion for the Hauraki Rail Trail to encourage increased use of the cycleway and attract visitors.
- Funding the planning of revitalising our town centres.
- Encouraging events in our community by providing funding to support them.
What will it cost?
We are budgeting $200,000 for economic development - an increase of $50,000 on previous years. We are also budgeting an additional $20,000 to increase funding to Morrinsville Chamber of Commerce and Matamata Public Relations Association.
Effect on rates and debt
For a $550,000 urban property, this adds $2.54 to your annual rates bill. For an $8 million rural property, this adds $37. These improvements do not affect
What are the other options?
- We could do more in the economic development space. Every $100,000 spent would add approximately 0.44% to general rates, or alternatively we could reduce services in other areas.
- We could keep funding at the same level and carry on doing what we have been. Because of inflation, the cost to do this would still increase over time, but this would cut around $50,000 per year from the budget that we have proposed in this Long
- We could do less than we currently do – we could save money by cutting funding to some or all of the initiatives we’ve identified.
For more detailed information on our economic opportunities, you can read:
- Section two of the Consultation Document (pdf, 2.5mb)
- The Strategies and Engagement section of the Long Term Plan (pdf, 5mb)
- The Waikato Plan - a joint plan by all the councils and agencies in the Waikato to give them one collective voice about important issues
- Hamilton Waikato Tourism - the official Regional Tourism Organisation (RTO) for the Hamilton & Waikato area
- Business success stories from the district
- Our district's economic profile
This is one of six major proposals we're consulting on - you may also want to read the next major proposal before making your submission
Make a submission
These are big decisions for the future of the community and the more people who tell us what they think, the better we can plan for the future - so tell us what you think by 29 April 2018.