The ACT Government has updated our short and medium term economic development priorities to further strengthen the Territory’s economic recovery.
CBR Switched On: ACT’s Economic Development Priorities 2022-2025 builds on our 2016 Statement of Ambition with its focus on making Canberra an even more attractive place to live, work, study, do business and invest in.
Since 2016, when the last economic development priorities plan was released, we have seen a 20% growth in our economy. The number of businesses operating in the Territory has grown by around 5,300 and close to 23,000 additional jobs have been created.
Our 2022-2025 priorities support the continued wellbeing of Canberrans, while building a more diverse, resilient and prosperous economy. We have identified areas of strength in our city and economy that we will build on to support the creation of new jobs and more opportunities for Canberrans.
The updated plan will focus on:
- Developing a city of wellbeing and liveability
- Continuing our efforts to be city of environmental responsibility and action
- Growing our knowledge based economy through innovation and responsible investment
A series of local projects have been identified to progress these objectives. These include transitioning to a net zero emissions economy, creating community hubs that provide better access to digital services, or providing venture capital to small business and social enterprise at the right time to encourage growth.
These are examples of the Government’s approach to ensuring Canberra remains one of the most liveable and sustainable cities in the world.
Canberra is already well-recognised as a progressive, sustainable and innovative city that values people and ideas. By working with willing partners both here and around the globe, we will ensure Canberra is prepared for new challenges and able to grasp the opportunities that will come from the next phase of our economic growth.
