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Investing in Bass Coast

Investing in Bass Coast

Friday 20 September 2019

Bass Coast Shire’s Economic Development Team has made great progress in the last 12 months, delivering actions identified in Council’s Economic Development Strategy 2016-2021.

Through the Strategy, Council aims to create an environment that supports businesses to be innovative, sustainable and a benefit to the local economy.

Council has been working to attract and encourage new investments that complement the natural environmental values of the region, while supporting existing businesses to grow through training and mentoring.

This work has been supported by State Government infrastructure funding commitments of more than $255 million and private investment of more than $100 million.

Key business sectors for employment in Bass Coast include health, visitor economy, retail, construction, education and agriculture. Around 3,000 businesses employing almost 11,000 people operate in Bass Coast Shire. Assisting these businesses to maintain their competitiveness and to grow or diversify their operations is a key function of the Strategy.

Bass Coast Mayor, Cr Brett Tessari said Council is investing time and funds into creating strategies that support future development.

“Because of this, we are continuing to see significant investment, both publicly and privately, which highlights the growth in our area,” Cr Tessari said.

“For example: thanks to an estimated investment of well over $200 million from the State Government, Bass Coast will have two brand new secondary college campuses, a significant hospital upgrade and a community hospital for Phillip Island. In addition to this, is of course the $58 million redevelopment of the Penguin Parade and a large scale hotel and conference centre proposed in Coronet Bay.”

As well as working hard to attract investment in Bass Coast, Council is also investing in key infrastructure projects.

Some of these projects include the Cowes Jetty Triangle and Piazza Redevelopment ($2.2 million), the development of the Cowes Transit Centre ($2.4 million) and around $4 million has been invested in recreation projects across the Shire.