Regional Economic Development Strategy 2020-2041

The Regional Economic Development Strategy 2020-2041 (REDS) provides the blueprint for Council, industry and the business community to collaboratively build a $40 billion economy by attracting and generating 100,000 new jobs for our region by 2041.

The REDS provides long-term economic direction for the region and drives innovation and entrepreneurship to position the Moreton Bay region as one of Australia’s top 10 regional innovation hubs by 2041.

The success of the REDS depends on collaboration and support from all stakeholders and the Council's Economic Development team serves as the catalyst in maintaining this engagement.

Don’t be left on the bench — this is your opportunity to join #TeamMoretonBay as we embark on the journey to make our region bigger, bolder, brighter.

Follow, share and celebrate #TeamMoretonBay.

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Video transcript

Documents

Regional Economic Development Strategy 2020-2041

Released in February 2021, the full document covering a long-term strategy to drive economic development and outcomes in the Moreton Bay region.

View REDS 2020-2041(PDF, 3MB)

2023-24 Interim Action Plan Report Card

2023 marks the start of a new action plan with 23 strategic deliverables. Momentum has continued in 2023 with progress being made on 20 of the 23 action items in the first 10 months of the 2023-24 REDS Action Plan. The report card highlights the achievements to date towards a Bigger, Bolder, Brighter economy.

View REDS Report Card(PDF, 661KB)

2020-22 REDS Report Card

The end of 2022 marks the completion of the first Action Plan for the Regional Economic Development Strategy (REDS) 2020-41. Over the past two years, the collaborative efforts of REDS stakeholders has delivered progress against all 28 action items laid out in the 2020-22 REDS Action Plan. The Report Card highlights the achievements to date towards a Bigger, Bolder, Brighter regional economy. 

View REDS Report Card(PDF, 228KB)

2023-24 REDS Action Plan  

To keep the momentum going towards a $40 billion economy with 16,000 new businesses and 100,000 new jobs by 2041, work has already started on implementing a new REDS Action Plan for 2023-24. This new Action Plan, developed with the REDS (industry) Taskforce and our REDS Stakeholders, sets out 23 actions that City of Moreton Bay and REDS stakeholders will be focused on delivering over the next two years. As a result, we are striving to create opportunities for local businesses to innovate more, sell more, showcase more and grow more.  

Disclaimer: An updated version of the full Regional Economic Development Strategy 2020-41(REDS) with the new 2023-24 REDS Action Plan will be released on the council website in the coming weeks.

View REDS Action Plan(PDF, 2MB) 

REDS infographic

Council has produced an Infographic page to accompany the REDS, which presents some key messages.

View REDS infographic(PDF, 294KB)

Our local profile

Get to know our region better by using the demographic data and statistics provided by Economy.id and made available by Moreton Bay Regional Council.

The available data is structured around economic indicators, size, industry comparisons, spatial economy, journey to work, self-containment, workforce profile, local labour force and local market data to paint a picture of how our region works.

Using the Community Profile, as well as the Social Atlas and Economic Profile, you can:

• understand the size of our local economy, our growth story and how we compare across regions
• dig deeper into our local business and employment centres
• view our local labour pool and the commuters in our workforce
• understand the available infrastructure and strategic opportunities for new businesses.

Together, these tools form an incredibly powerful suite to help you understand our local government area and make the best business decisions with the latest data and modelling. 

Useful resources

Thinking of starting or expanding your business in the Moreton Bay Region? Council has compiled a range of business resources to help you.

Get in touch with our team

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