Identification of opportunities to support structural adjustment in the Latrobe Valley - Briefing Report Three: Four Sectors: Key features and prospects
The Latrobe Valley region economy is significantly resource-based. This briefing thus examines four selected sectors: food and agriculture (agribusiness); coal and electricity; forestry and paper; and oil and gas. Of note, the analysis of manufacturing and construction in the region is tied into these four sectors. The reason for focusing the analysis in this way is that future economic success will be built around existing resources and industries. An understanding of both the resources (strengths and limitations of each resource) and their value-adding potential is therefore vital. This focus allows a consideration of the competition between the sectors for labour, land usage and the use and exploitation of resources. One critical condition for success in such transition is local capacity, particularly in terms of skills and the labour force. It is this skills base that will contribute to securing and/or limiting the future and success of local industries. Further, the resource based sectors cannot be considered in isolation from the broader Gippsland area. In this respect, these sectors, and particularly agribusiness and forestry, are not and cannot be defined by the local government boundaries of the Latrobe Valley region.
History
Subtype
Public Sector
Outlet
The Commonwealth Department of Regional Australia, Local Government, Arts and Sport (DRALGAS)