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Strategic Plan to 2020731 KB

City of Prospect

3. Prosperity

More jobs, more investment, more activity, more vibrancy

STRATEGY

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  • 3.1A stronger local economyOPEN

    • OUTCOME

    • 3.1.1 A busy and vibrant local business environment focused on the Prospect Village Heart

    • TARGETS

    • A vacancy rate no higher than 3% in the Village Heart and no higher than 5% elsewhere.

    • Footfall in Village Heart increased by 100% year on year.

    • OUTCOME

    • 3.1.2 Investment, employment and development encouraged across our City

    • TARGETS

    • A 100% increase in the value of completed development on our corridors year on year.

    • Annual Business and Employment Survey to identify improved activity levels year on year.

    • OUTCOME

    • 3.1.3 A City with strong and relevant relationships with Local, State and Federal Governments

    • TARGETS

    • Sentiment measured via annual CEO 360 degree performance review process.

  • 3.2A more vibrant night-timeOPEN

    • OUTCOME

    • 3.2.1 A City with more people on the streets and more places to go at night

    • TARGETS

    • 100% increase in pedestrian footfall after 5pm in the Village Heart year on year.

    • 20% of businesses to create peak demand after 5pm.

    • OUTCOME

    • 3.2.2 A City with after-hours family friendly activities in our buildings, parks and open spaces

    • TARGETS

    • Annual increase in the use of our buildings, parks and open spaces as measured through the Resident Satisfaction Survey.

  • 3.3Leverage our digital advantageOPEN

    • OUTCOME

    • 3.3.1 A high level of take up of high speed/high capacity technology

    • TARGETS

    • Use the annual Business and Employment Survey to understand the value of trade that is occurring on-line.

    • OUTCOME

    • 3.3.2 Knowledge workers are supported in the City with a range of network and business opportunities

    • TARGETS

    • Year on year increase in the number of businesses as part of Network Prospect.

    • Over 50% of Network Prospect participants attend more than one annual event.

  • 3.4International ProspectOPEN

    • OUTCOME

    • 3.4.1 Council is engaged in the global economy, actively seeking diverse business investment

    • TARGETS

    • Six significant engagements in any given year and across more than one investment type.

    • OUTCOME

    • 3.4.2 Promoted and known internationally as Adelaide’s most intelligent community

    • TARGETS

    • Highest ranked Intelligent Communities Forum (ICF) City in South Australia.

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