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Economic Development Framework

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The Economic Development Strategy 2030 focuses on building Darwin as a Smart and Prosperous City as the Government for Darwin and levers of local government including service delivery, funding, regulation, partnerships and strategic alliances, and advocacy efforts.

 

Economic Context

The Darwin Local Government Area, like the broader Northern Territory, has experienced economic weakening in recent years. This is related to the heavy reliance by the economy on resources, which are typically driven by major projects creating cyclical economic effects.

Prior to the global COVID-19 pandemic, slight growth in the 2020 financial year was forecast for the Territory economy.  As the economic impacts of Coronavirus COVID-19 Pandemic are not expected to be fully known for some time and are unprecedented, a review of the Economic Development Strategy 2030 will be necessary in the next 12 months, to consider the current status and the long-term economic position of the Darwin economy.  This will also coincide with a new term of the City of Darwin Council elect in August 2021.

Strategic Context

The Economic Development Strategy 2030 focuses on building Darwin as a Smart and Prosperous City as the Government for Darwin and levers of local government including service delivery, funding, regulation, partnerships and strategic alliances, and advocacy efforts. Targets and strategic actions to ensure Darwin is a Smart and Prosperous City have been established in the City of Darwin Strategic Plan, including that ‘By 2030, Darwin will have attracted and retained more residents and will offer sustainable investment opportunities’.

Darwin 2030 - City for People. City of Colour. a 10-year Strategic Plan for the City sets the high-level vision for Darwin, and directions for Council to achieve this vision, with inputs from community, business and government stakeholders.
 
The plan establishes five strategic directions to achieve the vision ‘Darwin 2030 – City for People. City of Colour’.  The strategic directions aim to develop vibrancy and drive prosperity for Darwin, with a clear outcome for a ‘A Smart and Prosperous City’ committing Council to continuing to work with the Australian and Northern Territory Governments, business and industry, and other partners to advance the local economy.
 

Northern Territory Alignment

In 2017 the Northern Territory Government released the Northern Territory Economic Development Framework, Our Economic Future. The aim of the Territory’s Economic Development Framework is to ‘improve our living standards, provide certainty to business and industry, and ensure our children have employment and lifestyle opportunities into the future.’  The Territory’s Economic Development Framework recognises the value of ‘partnerships between the public, private and not-for-profit sectors including Aboriginal landowners’ and identifies the ‘role of government is to support development – through investment in infrastructure, people and relationships – but growth and jobs must be driven by private sector investment.’

City of Darwin’s Economic Development Framework has been designed to integrate with the Territory’s Economic Development Framework, to ensure complementary efforts are taken to build the Darwin economy, led by the City of Darwin, as the Government for Darwin.

Economic Development Framework

In support of this strategic direction and the broader recognition of the important role City of Darwin plays in advancing the Darwin economy an Economic Development Framework was adopted by Council in July 2020 and consists of:

  1. Economic Development Strategy 2030; and an
  2. Economic Action Plan 2020 – 2022

To ensure consistency and integration of efforts, City of Darwin’s Economic Development Strategy 2030 is aligned to broader frameworks and guiding documents, as well as being aligned to the Territory’s economic development activities.

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