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Creating more jobs and improving our lifestyle: Economic Development Framework

A key component of the NT Government’s Jobs Plan has been unveiled today with the release of the Economic Development Framework.

Chief Minister Michael Gunner released the NT Government’s long-term work plan for the economy, which has been developed through the Economic Summit process in full consultation with all sectors and the community.

Read the full media release on creating more jobs and improving our lifestyle: Economic Development Framework.

Business and industry stakeholder updates

Date: 13 June 2017

The newly formed Department of Trade, Business and Innovation are delivering stakeholder updates across the Territory.

Join the department’s Deputy Chief Executive Officer and General Manager of Northern Australia Development and Trade, to hear about programs and initiatives to grow our regions and to support our businesses and workforce.

Business, industry and economic development stakeholders are encouraged to attend.

TradeNT and InvestNT staff will also attend if you would like to discuss how to start exporting, expand exports and/or become investor ready. If you would like to make a one-on-one appointment with TradeNT or InvestNT, please call (08) 8999 5329 or email tradesupport@nt.gov.au

Register for the session nearest to you:

If you are unable to register online please call 1800 733 458.

Economic summits wrap up 

Date: 6 April 2017

The final Territory Economic Summit was held in Darwin last week, following five months of consultations across the Territory.

The economic summits process has been underway since October 2016, engaging with Territorians to co-design an economic development framework for the Territory.

General Manager of Northern Australia Development and Trade, Luke Bowen said "Between October 2016 and March 2017 we brought together business and industry, community groups, the not-for-profit sector, Indigenous organisations and government representatives from across the Territory for the series of consultations and public forums,"

"More than 190 key organisations and over 1,200 people engaged in these consultations, which informed the development of the draft Economic Development Framework , draft Infrastructure Strategy and the draft 10 Year Infrastructure Plan."

The three draft documents were publicly released last week and were discussed at the Alice Springs and Darwin economic summits, attended by over 400 people.

Feedback and input from both Darwin and Alice Springs sessions will then be combined with feedback received via email, written submissions and other mechanisms.

The updated draft Economic Development Framework will then be provided to the External Reference Group and also to the Northern Territory Government.

It will also be a process to gain endorsement from industry groups where the draft Economic Development Framework has assigned a lead role for industry.

The final version of the Territory’s Economic Development Framework will be published in May 2017.

A comprehensive implementation plan and reporting framework will be developed which will have verifiable performance measures and an annual reporting mechanism.

Economic summits - have your say

Date: 9 February 2017

Territorians are invited to have their say about the Northern Territory’s economic future through economic summits being held across the Territory.  

Chief Minister Michael Gunner said the summits were part of the process to develop an economic framework that will shape the Territory’s future in partnership with Territorians.

"This is your opportunity to help develop a framework that will guide our long term planning," Mr Gunner said.

The Northern Territory Government, in partnership with independent consultants Deloitte, has delivered the first phases of consultations over the last three months, with industry groups, business, regional economic development committees and local stakeholders.

The initial consultations revealed a number of common issues across industries and locations. From these issues raised, six preliminary factors or 'levers' were identified: these include land, labour, capital, enterprise and innovation, connectivity, liveability. These priorities are being developed by Territorians.

"This week marks the start of the third phase of consultation; with the opportunity for the public have their say about the Territory’s economic future," Mr Gunner said.

"You can contribute to the discussion by providing comments on various themes and topic papers online, or by registering to attend one of the economic summits."

"We want to hear your feedback and ideas about jobs our future industries and areas for investment."

During March, the public will be able to provide input to the Economic Summits through a series of public consultation sessions.

Public consultation sessions will be held in:

  • Darwin (Small Business session) - Wednesday 15 February
  • Nhulunbuy - Thursday 2 March
  • Tennant Creek - Monday 6 March
  • Alice Springs - Tuesday 7 March
  • Palmerston - Wednesday 8 March
  • Katherine - Thursday 9 March
  • Darwin - Monday 13 March.

During the fourth and final stage of consultation, two final summits will be held in Alice Springs on 24 March 2017 and in Darwin on 29 March 2017. At these summits a draft economic development framework will be presented to Territorians.

Last updated: 20 Jun 2017