CHARLES STURT UNIVERSITY. Economic Impact study

Transcription

1 CHARLES STURT UNIVERSITY Economic Impact study

2 CSU S FOOTPRINT Main campuses: Albury Wagga Wagga Bathurst Orange Dubbo Goulburn Port Macquarie Smaller campuses and study centres: ACT Sydney

3 WHAT WE MEASURED Campus operational expenditures including transactions between campuses

4 WHAT WE MEASURED Capital expenditures

5 WHAT WE MEASURED Student driven impacts

6 GATHERING DATA In 2013 CSU employed approximately 2,900 FTE staff and had an estimated 35,000 students enrolled at campuses across NSW and the ACT.

7 ECONOMIC IMPACT ANALYSIS

8 OUTCOMES: Economic contributions across the CSU footprint: GRP Household income Employment

9 CADIA VALLEY OPERATIONS

10 CVO COMMUNITY: CENTRAL WESTERN NSW CVO footprint: Orange Cabonne Blayney Cowra Bathurst

11 ECONOMIC IMPACT ANALYSIS

12 ECONOMIC IMPACT ANALYSIS

13 WORKFORCE SURVEY:

14 STAKEHOLDER INTERVIEWS:

15 A COMPREHENSIVE PICTURE:

16 WORKFORCE SURVEY: 1,630 members of the CVO workforce consider themselves to be permanent residents of the region 220 were previously employed in Agriculture and a further 220 were employed in Construction 39% hold or are in the process of obtaining Trade or TAFE certificates 1,000 have mortgages, 480 are renting.

17 WORKFORCE SURVEY: 1,240 members of the CVO workforce live with their partner in the region 2,140 children living in the region are supported by the CVO workforce 570 partners work in a full time capacity, whilst 430 are in either part time or casual employment Partners contribute significantly to the workforce in Health Care & Social Assistance, Retail and Mining

18 WORKFORCE SURVEY: In the event of mine closure: 690 members of the CVO workforce are likely to leave the CVO region. 640 members of the CVO workforce will require an upgrade of skills/qualifications to gain entry into their desired sector of employment.

19 OUTCOMES: CVO is using the findings to tailor its Community Partnership Program. This includes a focus on both the long term and the short term. Some specifics include: Funding for a premature baby nursery within the Orange Health Service Further support to TAFE for retraining of long-term staff

20 SUPPORT FOR FUNDING APPLICATIONS

21 MAITLAND CBD REVITALISATION

22 MAITLAND CBD REVITALISATION The Levee The Levee development includes: Shade, open space and linkage from High Street to the river bank A Riverside Walk

23 MAITLAND CBD REVITALISATION Have the right infrastructure in the right place The Levee development includes: A large cafe with indoor and outdoor seating Public toilets, including a parents room Improved connectivity through improvements to laneways and footpaths, pavements, plaza area and enhanced directional signage Improved access to nearby car parks Powered retracting bollards Benefit Cost Analysis Economic Impact Analysis

24 MAITLAND CBD REVITALISATION

25 CAREWEST 4C PROJECT

26 CAREWEST 4C PROJECT Cafe Connect

27 CAREWEST 4C PROJECT Accessible Outdoor Recreation

28 CAREWEST 4C PROJECT There s a youth precinct, there s going to be a performing arts workshop space, there will be some therapy rooms. It will enable people with disability or mental health issues to access those types of services for the first time. CareWest CEO, Tim Curran Central Western Daily, May 2015

29 CAREWEST 4C PROJECT Identify demand Economic Impact analysis Benefit Cost Analysis Construct regional profile of the community groups that will benefit from the new facilities. Examine the current services available through CareWest to assess the future demand for the new facilities in the community. Model the economic impacts of the construction and operations of the CareWest 4C Project utilising Input-Output models producing indicative impacts in terms of: Output Value added (contribution to GRP) Household income FTE employment Benefit Cost Analysis for the CareWest 4C Project to illustrate the potential return on the funds invested.

30 CAREWEST 4C PROJECT The region has a large and growing population of disadvantaged, aged people and people with a disability. Analysis of the community profile data identified that there is demand for greater care facilities.

31 CAREWEST 4C PROJECT As many as 80 jobs could be created once complete, and clients would be able to gain work experience in the cafe and youth sections. We hope we can rebuild a sense of social inclusion. CareWest CEO, Tim Curran

32 PROFILING ECONOMIC OPPORTUNITIES

33 ORANA REGION 13 LGAs

34 MURRAY MURRUMBIDGEE REGION 26 LGAs

35 BLAYNEY SHIRE Orange Bathurst Blayney

36 IDENTIFY COMPETITIVE ADVANTAGE Factors we assess: Current and historical employment data Data from Input-Output tables (representing the local economy) National productivity growth Forecast employment data Local knowledge

37 INTERVIEWS WITH LOCAL BUSINESSES

38 ECONOMIC MODELLING Integrated food and wine based tourism

39 A VARIETY OF OPPORTUNITIES

40 A VARIETY OF OPPORTUNITIES

41 A VARIETY OF OPPORTUNITIES

42 A VARIETY OF OPPORTUNITIES

43 A VARIETY OF OPPORTUNITIES

44 UNDERSTAND LOCAL ISSUES

45 EVENTS & CULTURAL FACILITIES Economic Impacts

46 RECENT PROJECTS

47 RECENT PROJECTS

48 ECONOMIC IMPACTS Impacts, including flow-ons are measured in terms of: Output how much revenue in total is generated Value added how much contribution to GRP is generated Employment how much employment is generated in FTE terms Household income the benefit received by regional households as a result of the economic activity Flow-on impacts are the value of changes in the regional economy in the course of an additional round of spending after the initial impact has occurred.

49 2012 SUPERCHEAP AUTO BATHURST 1000 Event ran from 4 to 7 October 2012 (50th Anniversary of the races at Mt. Panorama) In 2012 the event comprised: V8 Supercars, the Carrera Cup Australia, Formula Ford, Touring cars, Legends; and the V8 Ute racing series. Total attendance over the four days was 207,205, with 57,939 people being at the circuit on the Sunday for the main event.

50 2012 SUPERCHEAP AUTO BATHURST 1000 Results: Economic Impact for the Bathurst economy: $58 million in output $25 million in value added (GRP) $14 million in income 255 FTE jobs Hospitality sector the largest beneficiary

51 NAB BLAYNEY TO BATHURST CYCLO SPORTIF CHALLENGE The NAB B2B comprises cycling events over two days in April each year Event: 186 participants who cycled in teams. 2,477 participants who registered as individual cyclists. An estimated 84 percent were non-local participants. Non-local team participants brought with them, on average, 2.1 non-participating guests each Non-local individual participants brought with them, on average, 1.6 non-participating guests each Close to 6,000 non-local visitors in total

52 NAB BLAYNEY TO BATHURST CYCLO SPORTIF CHALLENGE Economic Impact for the Central West Economy: $0.79 million in Value Added (GRP) $0.41 million in Income 9 FTE Jobs

53 FREE EVENT IMPACT MODELLING TOOL Available at:

54 FREE EVENT IMPACT MODELLING TOOL Available at:

55 THANKYOU