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REMPLAN Blog

Monday, 9 November 2015

REMPLAN Major Projects and Investment Profile


One of the best ways to be successful in attracting future investment is to demonstrate a successful track record in delivering major projects and facilitating investment. 

This is the simple yet self-evident concept that underpinned the initial discussions between the Pilbara Development Commission (PDC), Western Australia and REMPLAN regarding the development of an online public-access 'Major Projects and Investment Profile'.
The objective of the profile was to deliver a single portal to provide insights into the current level of investment and activity which is occurring in the region to inform government, investors, business and the community.  Other requirements were that the profile be able to be administered by the PDC, that current major projects as well as future investment opportunities be presented, and that the profile incorporate a mapping interface.

Following close collaboration between the PDC and REMPLAN the Pilbara Investment Profile is now live.

http://www.investmentprofile.com.au/pilbara/
         
www.investmentprofile.com.au/pilbara/


The 'Admin Console' for the Investment Profile allows PDC staff to document and archive all major project and investment related documentation, web links, maps, images and FAQs all in one place.  To date, PDC staff have documented more than 50 major project and investment opportunities, and at their discretion these can be published and showcased on the profile.  

Publish and showcase major projects on the investment profile as required.

  

The admin console is proving to be a useful resource for responding to internal requests for project related documents, even if that project isn't currently published to the investment profile.  Over time it is envisaged that the admin console will represent a valuable archive of past project information.

Providing external audiences with insights regarding major projects and investment opportunities is made easy with a range of link and social media options.



Following the successful delivery of Pilbara's Investment Profile we are now offering this new economic development resource to other REMPLAN clients.  The Investment Profiles can be delivered as part of a package alongside existing REMPLAN profiles:


...And the REMPLAN Investment Profiles can also be delivered as a standalone resource.   

For existing REMPLAN Economy or Community subscribers, Investment Profiles are available for an additional annual fee per region of:

$3,995 (Inc. GST)

As a standalone resource, the annual subscription fee per region for an Investment Profile is:

$4,995 (Inc. GST)

REMPLAN is available to assist with the editing, formatting and presentation of project and investment opportunity content, including text, images, maps, supporting documents, links and FAQs.  Where relevant, REMPLAN is also available to undertake economic impact modelling in relation to projects and present as engaging info-graphics with links to REMPLAN Economy and Community resources (see example below).   REMPLAN's hourly rate is $325 (Inc. GST).       

   
Major Project Economic Impact Analysis

Port Hedland International Airport


Please contact the team at REMPLAN to discuss an Investment Profile for your region:   1300 737 443

Monday, 12 October 2015

Online Profile Unemployment Rate Update

All public access REMPLAN online economic and community profiles have been updated with the latest area-specific unemployment rate (June Quarter 2015).

To access the unemployment data via the online profiles, select the 'Trends' tab towards the top right of the screen, then select 'Unemployment' from the sub-menu. (Quarterly data is presented as well as an annual time series). Click on the image below to view a live example:

http://www.economicprofile.com.au/geelongregion/trends/unemployment

For more information regarding unemployment data, as well as other economic or demographic indicators, please contact the team at REMPLAN on 1300 737 443. 

Thursday, 8 October 2015

Online Profile Building Approvals Update

All public access REMPLAN online economic and community profiles have been updated following the recent release of building approvals data (2014-15) from the Australian Bureau of Statistics (ABS).

To access building approvals data via the online profiles, select the 'Trends' tab towards the top right of the screen, then select 'Building Approvals' from the sub-menu. Click on the image below to view a live example:


For more information regarding building approvals, as well as other economic or demographic indicators, please contact the team at REMPLAN on 1300 737 443.

Stronger Global Linkages = New Opportunities

Every year when the Australian Bureau of Statistics (ABS) releases updated National Input Output Tables new insights are provided regarding the structure of the Australian economy.

The tables help us to understand the relative contributions that different industry sectors make to our Gross Domestic Product - the value of final goods and services produced in Australia, and also shed light on the wages and salaries paid to workers, the gross operating surpluses generated by industries and their net payments of tax.

Not only do the input output tables profile industry contributions, they explain the supply chain connections between industries.

Why is it important to understand these connections?

Industries do not operate alone but as part of an interconnected system.  In order to produce goods and services, all industries need to purchase intermediate goods and services as inputs into production.  Some of these intermediate goods and services are purchased from within Australia, and the remainder are imported from other countries.  

What affects one industry has implications for all supply-chain linked industries.

The economic analysis resources that REMPLAN delivers to councils, government agencies, universities and consulting firms incorporates ABS National Input Output Tables. As new tables are released by the ABS, REMPLAN responds and updates clients' region-specific data accordingly.  At REMPLAN we have been updating these datasets for over fifteen years and have made the following observation.

Domestic supply-chains within Australia are weakening.

The trend is particularly evident in those sectors with requirements for high-value goods and services which are used as inputs into production.

Following the three most recent releases of national input output tables by the ABS we can see below that in 2008-09 the manufacturing sector spent $0.48 on Australian goods and services.  By 2012-13 this had fallen to $0.42.

Figure - Manufacturing Expenditure on Australian Goods and Services per Dollar of Output



Similar patterns can be observed for the construction sector.  

Figure - Construction Expenditure on Australian Goods and Services per Dollar of Output



Why are supply-chains within Australia weakening?

There are are range of factors influencing these trends over recent years including relatively high labour costs, a high Australian (although this has now reduced against the $US by around 30%), as well as movements towards increasing specialisation and servicing global rather than domestic-only markets.

All of these factors at times create direct competitive pressures for Australian companies.  Strategies to remain competitive include reducing costs by substituting to cheaper imported goods and services as inputs into production, to specialise in terms of product and services offerings, and to spread risk by diversifying into overseas markets.

As our linkages with the global economy have strengthened supply-chains within Australia have weakened.   

What are the local opportunities associated with these structural shifts?

At a regional or local level the first step is to understand you local economy, the local industry sectors making the largest contributions, and the local supply-chain linkages.  REMPLAN develops a suite of resources that deliver these insights.

Your Local Economy

 Mackay Economic Profile
REMPLAN online public-access economic profile


Key Local Industry Sectors


REMPLAN staff-access economic impact modelling and analysis software - Key Propulsive Sectors Report


Local Supply Chains and Gaps


REMPLAN staff-access economic impact modelling and analysis software - Gap Analysis Module

In understanding these trends in the context of your local economy, potential opportunities can be identified.

As global supply chains strengthen there are opportunities for local firms to achieve greater specialisation as global markets provide the scale to allow niche businesses to be viable in a way that isn't possible if operating within the domestic market alone.

Through undertaking a 'gap analysis' of local supply chains, there may also be high-value, realistic opportunities for firms to compete in the local market to replace some of the goods and services that are currently been imported.  Local businesses may struggle at times to compete with imports on price alone, however on a value-for-money basis that takes into account quality, service and support, there can be great opportunities.

Gap analysis also assists in understanding the aggregate value of local market opportunities.  Many business know their customers and suppliers, but don't always know the total value of the local market they sell into.  This information can be a catalyst for investment and job creation in the local economy.

As global supply chains continue to strengthen, connectivity with external markets and the enabling infrastructure, telecommunications, and logistics services, will increase in importance over time.


What are the broader national policy implications?     

Following the Global Financial Crisis in 2007-08 the Australian Federal Government targeted so-called 'shovel ready' projects and also rapidly rolled out a range of major capital expenditure programs.  Broadly speaking this was a logical fiscal policy response to stimulate the economy at the time.  Targeting construction activity in particular was undertaken due to the sector's requirements for a raft of intermediate goods and services to deliver projects.  This projects delivered not only short-term direct benefits but also stimulated the economy across Australian supply-chains.  One of the greatest indirect beneficiaries of these initiative were companies manufacturing construction related products.

In the face of an economic crisis the main items in the tool kit of governments are short-term, quick-to-implement fiscal responses such as those detailed above, combined with the independent activities of the Reserve Bank of Australia (RBA) in setting official interest rates to manage inflation and economic growth within target ranges.  The effects of the RBA monetary policy settings typically take a long time to filter through the economy, and with official interest rates at historically low levels there are concerns that any further decreases in interest rates will have limited impacts in terms of stimulating economic activity.

In this context an even greater burden is placed on fiscal policy to manage the economy. From the supply-chain analysis presented above the questions that emerge are 'How effective will a local fiscal policy response be in future if local supply-chains continue to weaken?; 'Will stronger global supply-chains weaken the efficacy of local fiscal policy?'   

If the supply-chain trends presented above to continue then it is self evident that the effectiveness of fiscal policy to deliver broad based economic stimulus will weaken over time.  Combined with the muted impacts of monetary policy under historical low official interest rates, the importance of small area level economic development policies and initiatives is greater than ever.            

Authored by Matthew Nichol - Principal Economist at REMPLAN


















Thursday, 9 July 2015

New Quarterly Unemployment Rate Feature in REMPLAN Economy and Community Profiles

Following the the release of updated unemployment rate data in April 2015 we received requests for the data to be presented as a quarterly as well as an annual time series.  We are pleased to advise that this feature is now available via REMPLAN public-access economy and community profiles.


For an example of the economy profile, please see Gladstone's economic profile:  www.economicprofile.com.au/gladstone/trends/unemployment



For an example of the community profile, please see Dubbo's community profile:
http://www.communityprofile.com.au/dubbo/trends/unemployment 


Please contact the team at REMPLAN on 1300 737 443 if you have any questions relating to this update or any other economic or demographic indicators.

 

Wednesday, 24 June 2015

Updated Data - Business Counts (Staff and Turnover) by Industry Sector


REMPLAN public-access economic and community profiles have now been updated with the latest area-specific business counts data. 

Released by the Australian Bureau of Statistics (ABS), the latest estimates are for June 2012, June 2013 & June 2014. The data features business counts by industry sector, by employment size range and turnover size range.

To view the new data, please visit a REMPLAN economic or community profile:
http://www.economicprofile.com.au/wyndham/trends/business-counts/staff
http://www.communityprofile.com.au/wyndham/trends/business-counts/turnover
Click on the 'Trends' tab at the top right hand side of the screen, then select the heading 'Business Counts (Staff)' or 'Business Counts (Turnover)'. Please click on the image below to view an example of the business counts data:
http://www.economicprofile.com.au/wyndham/trends/business-counts/staff

The next release of business counts data is scheduled for May 2016.

For more information regarding business counts and other economic indicators, please contact the team at REMPLAN 1300 737 443.

Tuesday, 5 May 2015

EDP Bootcamp May 2015 - Enlisting NOW

http://edpbootcamp.com.au/
Economic Development BOOTCAMP Enlisting NOW for 27/28 May 2015


*****LIMITED PLACES REMAINING*****

 
REMPLAN in association with Dench McClean Carlson and Taktics4 are pleased to invite you to the Economic Development Practitioner (EDP) Bootcamp which aims to provide participants with strategic and practical insights and understanding into a range of contemporary influences and issues relevant to economic development. The 2015 EDP Bootcamp is proudly endorsed by Economic Development Australia (EDA), and for EDA members the participation fee is discounted and accreditation points can be earned.   

The EDP Bootcamp is an exciting forum for any Economic Development Practitioner to gain valuable insights and a greater understanding of issues relevant to their role. EDA is highly supportive of the EDP Bootcamp’s and has received positive feedback from the previous EDP Bootcamp participants.

This is a fantastic opportunity for Economic Development Practitioners from various regions and organisations to develop their professional capabilities, networks and access to resources.

The EDP Bootcamp is designed to enable a high degree of interaction between session leaders and participants that enables a deeper understanding of various challenges and approaches to effective economic development.  The Bootcamp will also provide participants with an opportunity to expand their network of economic development professionals and peers.  To this end, participant numbers are limited so that such interaction can be achieved.

SPEAKERS AND TOPICS

Session leaders have been selected based on their strategic and practical insights and overall contribution to the program. There are a 6 different speakers, sharing their expertise across a range of contemporary issues: Key speakers include:
  • Sandee Harris (Relationship Manager, Australian Business Register)
  • Greg Davis (Retail Strategy Specialist, Taktics4)
  • Don Sharples (Engagement Manager, Bang the Table)
  • Matthew Nichol (Economist, REMPLAN)
  • John Stevens (Partner, Dench McClean Carlson) 
Sessions will include:   business analysis, stakeholder engagement, economic development strategy; retail and catchment analysis; and social media strategy.
The full EDP Bootcamp program is available here. www.edpbootcamp.com.au


EDP BOOTCAMP OBJECTIVES

The identification and development of:
  • a deeper understanding of key trends and influences relevant to economic development and their likely implications for strategy development and program implementation.
  • a greater understanding of practical methodologies and tools to assist the economic development process.
  • information sources relevant to the economic development process and accessing these.
  • problem solving for practical outcomes

WHEN, WHERE AND HOW MUCH?

Date:                27th and 28th May, 2015 (2 half day sessions that lead into the EDA Victorian State Conference) 

Location:        The Capital
                         Bendigo Bank Theatre 
                         View Street
                         Bendigo, Victoria

Cost:                $345 (+ GST) per person for EDA members ($395 for non-members).

HOW TO REGISTER:

To register, simply visit the EDP Bootcamp website: www.edpbootcamp.com.au or phone: 03 5444 4988

Registration includes all workshops, presentations, registration / coffee, afternoon tea, dinner (Wed 27th),  'Bootcamp for the Body' and morning tea (Thurs 30th May).

FOR FURTHER DETAILS:

Visit the EDP Bootcamp website: www.edpbootcamp.com.au or phone: 03 5444 4988



CONNECTING WITH EDP BOOTCAMP 

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PROUD SUPPORTERS

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Tourism Region Profile Update


We are pleased to announce that we have updated REMPLAN economic data following the recent release of Tourism Region Profiles by Tourism Research Australia (TRA). 

The Tourism Region Profiles 2013-14 provide comprehensive tourism demand and supply data for 76 of Australia's tourism regions to support the development of regional tourism and growth of regional economies.Tourism Research Australia April 2015 

REMPLAN Economy subscribers can access the updated data online at: www.remplanlogin.com.au

The updated datasets will appear at the top of your regions list with the (Apr 2015) suffix when you log into REMPLAN. Click on the ‘Tourism’ tab at the top of the screen, you will be able to select ‘Visitor Profile’ from the left hand side menu. The Tourism Expenditure data is displayed in the centre of the screen and the source is shown at the bottom of the right hand side information pane (please refer to the screenshot below):

REMPLAN Public-access online economic profiles have also been updated to incorporate the new tourism data. To access tourism data via the online profiles, select the 'Tourism' tab towards the top right of the screen, then select 'Visitor Expenditure' from the sub-menu. Please click on the image below to view an example of the updated tourism profile data: 
diture

Please Note: For regions where Tourism Region Profile data is not available, REMPLAN applies the TRA National Visitor Survey (NVS) and/or International Visitor Survey (IVS) June 2014 data. For Local Government Areas and larger areas that do not align with TRA tourism region boundaries, REMPLAN applies the latest available profile data at the Local Government Area level.

Please do not hesitate to contact the team at REMPLAN should you have any questions: 1300 737 443.

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About Us

At REMPLAN we are a team of economists, demographers and software developers. We develop online analytical tools and information resources for economic development and planning practitioners in local, state and federal government agencies, consulting firms, university researchers and students.

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