The Mid West has the highest level of economic diversity of all WA regions.
Global, national and regional trends are having a profound impact on the economic development and sustainability of regional Australia. In addition to new possibilities for growth, this also increases competition for investment between regions. This increase in competition has highlighted the need for the Mid West to capitalise on its strengths and identify new sources of future growth.
In order to achieve sustained growth and a goal of around 71,500 jobs by 2050, the region needs to enhance its global competitiveness and create resilience to changing economic conditions. The Blueprint proposes further economic diversification and an increase in innovation to drive productivity growth in existing areas of regional advantage.
This chapter identifies the Blueprint's key Economic Development focus and priorities.