Indigenous Economic Development Strategy

The NT Indigenous Economic Development Strategy is a living strategy and is based on identifying opportunities for economic development in 13 industry sectors:

• Aquaculture and Fisheries
• Arts
• Community Services
• Construction
• Forestry and Agri-business
• Government
• Horticulture
• Knowledge and Culture
• Mining and Production
• Natural Resource Management
• Pastoral
• Retail and Services
• Tourism

Associated with this sector by sector analysis is a commitment to:

• a community development approach
• learning lessons from successes and failures
• acting within a whole of government, whole of community framework.

Supporting measure for the implementation of this strategy are:

• Leadership
• Governance
• Communication and promotion
• Skills development
• Community infrastructure
• Research and data collection

Vision: Improved quality of life through dramatic advances in the economic status of Indigenous Territorians.

Objective: To foster long-term economic growth and prosperity through a significant increase in Indigenous wealth, employment and business ownership.

Desired Outcome: Parity between the economic indicators for Indigenous and non-Indigenous Territorians by 2020.

Values:

• Recognition and mutual respect
• Effective and appropriate communications
• Informed decision making
• Creativity and innovation
• Integrity and credibility
• Future focused to achieve sustainable outcomes
• Responsive to community and regional aspirations

The Strategy was launched by the Chief Minister, the Hon Clare Martin MLA on 25 May 2005 at the second Indigenous Economic Development Forum (www.ied.nt.gov.au).