THE final quarterly economic development update for the 2021-22 financial year was presented to the MidCoast Council at the recent Council Meeting on 27 July 2022.

The report helps to keep the community informed about the general state of the MidCoast economy and Council’s role in building and sustaining the economic growth of the MidCoast.

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Deb Tuckerman, Manager for Growth, Economic Development and Tourism says that the Economic Development reports help to outline general economic indicators for the region.

“The report showed that a total of $9.4 million was spent on one day during April, with a total of $324 million spent by locals in the local area during the months of April and May.

“During April and May more than $10,000 was loaded onto Shop MidCoast cards and $15,000 redeemed on the cards,” Ms Tuckerman said.

The unemployment rate for the MidCoast LGA dropped from 7.4 per cent in June 2021 to 4.1 per cent in March 2022, now falling below the NSW average of 4.6 per cent.

Ms Tuckerman says that a number of business events have been held, which brought $50,000 contributed towards community events held during April – June.

Additionally, a ComeVisit! Program was also launched in June to encourage residents to invite their friends and family to visit, as a way of supporting the economy outside original tourist periods.

“The report built on the quarterly reports previously provided on the successful delivery of Destination Barrington Coast and recognises that tourism is just one of the ways that Council supports economic growth,” Ms Tuckerman said.

By Tara CAMPBELL