The Local Buying Foundation has approved part-funding for Regional Development Australia (RDA) Far North to develop an updated Investment and Attraction Strategy for the Port Augusta region. This initiative falls under the Industry Promotion and Economic Development funding category, supporting the region’s ongoing economic growth and development.
With the last strategy created in 2016, the local, national, and global economic landscape has changed dramatically. To ensure that the Port Augusta region remains competitive and thrives in the future, RDA Far North will engage qualified consultants to collaborate with the Port Augusta Council and key regional stakeholders. The new strategy will focus on creating a clear vision for the future, outlining actionable initiatives to attract investment, boost employment, and promote innovation and sustainability.
The project will build on the success of previous economic strategies developed by RDA in neighbouring regions and will be informed by comprehensive research and stakeholder engagement. By consulting with local industries, government agencies, and community members, the strategy aims to create a diverse, sustainable economy that benefits not only Port Augusta but also South Australia and the broader Australian economy.
This new strategy will help Port Augusta preserve its industrial heritage while attracting new developments in emerging sectors such as renewable energy and bio futures, ensuring that the region remains a critical hub for industry and innovation in Australia.
Melissa Westcott, Local Buying Foundation Chair commented, “The Local Buying Foundation is committed to driving economic development that empowers local businesses and creates sustainable opportunities. By providing funding towards this initiative, we’re ensuring that the Port Augusta region continues to attract investment, foster innovation, and grow industries that will support the future of the region and its people. It’s about creating a roadmap for prosperity that everyone can participate in.”