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Practical tools for_economic_recovery_220311.ppt[1]

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Page 1: Practical tools for_economic_recovery_220311.ppt[1]
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Question

• Is Economic Development critical to the services of local government, in an emergency?

• A show of hands who is involved on their Council’s Emergency Management Team?

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Context

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The Economic Impact of a disaster

Source: Adapted from Bureau of Transport Economics 2001, Economics Costs of Natural Disasters in Australia, Report 103, Canberra.

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Where to begin…

• First Rule – It isn’t Rocket Science

• Emergency Management Australia www.ema.gov.au

• Building Business Confidence

• Work on the Foundations - SBMS

• Consider direct and indirect impacts

• Work with business identify an action plan

• Identify barriers to trade

• Consider how different professions will respond and

recovery eg, Farmer vs Tourism Operator vs Retailer vs Logging industry

• Show leadership

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Effective Economic Recovery

• Response and recovery actions actively support the

recovery of business and industry

• Business and/or industry representatives participate

in economic recovery decision making

• Business and industry is returned to activity as early

as possible

• Economic recovery strategies are an integral part of

the overall recovery management process

• Measures are taken to mitigate against the impacts

of future disaster on business continuity

• There is coordination of all recovery programs to support and enhance the economic structure

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* Auspiced by Tourism Victoria and Yarra Valley & The Dandenongs Marketing.

Strategically Manage Recovery

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Understand Your Community

• SWOT• Use your Economic Profile and Research – will your disaster impact all industries and customers• Assess industries and townships resilience and leadership• Gather new data to stake your claim to Government • Psychology of communities Rob Gordon Diagram

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Normal Community

CommunityNormal

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Threatened Community Under Stress

DisasterEventhorizon

Bonds ReformDebonding

CommunityThreatened

DisasterEventhorizon

typerbonding

DisasterEventhorizon

Under Stress

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Intense need for social connection

Intense need for

connection

Emotionallyarousedbond seekingactivity

Boundary formationexcludes outsiders

New bonds forming

social

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Fusion unstainable – life demands resume

Fusion

demands resume

Losses

Experiences

Resources

JointTensions

Location

Compensation

Unstainable-life

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Recovery/Reconstruction – normality resumes

Normalityresumes

Recovery/Reconstruction

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Use Your Contacts

• Economic Development Practitioners can have powerful connections that may unlock fast responsive funds for a variety of initiatives

– Restaurant Catering Sponsorship

for volunteers $70K

– Consortia funding for a new

playground in Yarra Glen $560K

– Bendigo Bank contribution of

around $140K to community recovery

activities

– $10K Westpac

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Keep Industry Informed

IndustryKeep

Informed

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A bit of Luck

A bitof Luck

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Buy Local Campaigns

LocalBuy

Campaigns

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Key Resources

KeyResources

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Economic Recovery Top Tips

1. Use your previous knowledge, research and contacts to your advantage

2. Be Strategic about what you can do – ask for

support

3. Build Business Confidence and Resilience

4. Show leadership

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Be Creative