Recovery areas

Recovery areas

Government can support and stimulate economic activity areas.

Industry and business

Businesses are supported to survive in the short-term and thrive in the longer-term, building on the economic strengths and opportunities of their region, with a focus on tourism, agriculture, forestry and small business.

Short term outcomes ("stabilisation")

• Industry and businesses have the capacity to continue operations beyond three months
• Businesses have access to critical (banking and financial) services
• Local businesses have information and advice they need to recover from the disaster

Medium term outcomes ("new normal”)

• Key industry sectors for the community are restored
• Consumer and business confidence levels support business operations (both within and outside of the community)
• Businesses know and understand the risks and threats of operating in the area

Long term outcomes (“growth and resilience”)

• Economic activity is appropriately diverse
• Business models are appropriately adaptive to environmental conditions, market conditions and fluctuations
• Businesses have business continuity plans and dynamic organisational resilience practices that address relevant risks and threats
• Business insurance is accessible where viable

Employment

Workers are supported to participate in established and new employment opportunities, including through skills and training.

Short term outcomes ("stabilisation")

• Workers have the capacity to continue to work
• Displaced workers have access to support and employment services
• Employers are supported to return workers to work as soon as possible

Medium term outcomes ("new normal”)

• Workers have access to a diverse range of employment and training opportunities
• Businesses can access or attract appropriately skilled workers
• Individuals and households have sufficient financial security to allow them to take advantage of economic opportunities

Long term outcomes (“growth and resilience”)

• The workforce has transferable skills and access to appropriate training opportunities
• Workers are participating in and benefiting from a strong and prosperous economy
• Job opportunities are supported insurance is accessible where viable

Community resilience

Communities are meaningfully engaged in shaping their future economy and increasing their resilience to future shocks, underpinned by strong community cohesion

Short term outcomes ("stabilisation")

• Communities are involved in identifying their own economic recovery priorities
• Households have access to an adequate range of goods and services
• Not-for-profit community service organisations can continue to provide regular services

Medium term outcomes ("new normal”)

• Vulnerable groups are not further disadvantaged by the impact of the disaster, in terms of their ability to participate in the economic system (e.g. employment prospects, accessing credit)
• Communities have access to information to inform their own decision-making in how to recover and built long-term resilience

Long term outcomes (“growth and resilience”)

• Communities are socially connected
• Communities are actively adapting to environmental change
• Communities benefit from increased investment, visitors, and talent
• Communities benefit equitably from Victoria’s economic growth

Enabling infrastructure

Strategic economy-wide and region-wide investments support resilient and connected enabling infrastructure that will underpin economic recovery and development, aligned to a region’s economic strengths, challenges and opportunities.

Short term outcomes ("stabilisation")

• Communities are involved in identifying priority infrastructure needs for supporting regional economic growth

Medium term outcomes ("new normal”)

• Strategic enabling infrastructure planning is undertaken alongside economic development planning to accommodate regional needs and priorities
• Enabling infrastructure is aligned to local economic development priorities and is appropriate to the community and economic context

Long term outcomes (“growth and resilience”)

• Enabling infrastructure is resilient and adaptable – is designed to withstand future disaster events
• Enabling infrastructure supports economic growth
• Affected areas are well connected, attractive and equipped to support future growth