Horticulture and agriculture key to Bay of Plenty’s economic growth
The key to growing the Bay of Plenty economy is in harnessing its natural resources, according to the Regional Economic Activity Report released last week.
“Forestry and wood processing, horticulture and agriculture stand out as major opportunities for local industry to develop”, says local MP Todd Muller.
“There is an abundance of geothermal and water resources which could be better used to enhance growth in these industries”.
Through developing local infrastructure, such as the Tauranga Eastern Link, the Government is supporting the region to become closer, cut transportation costs, and speed the delivery of goods to markets.
Investment into Research and Development through Primary Growth Partnership will continue supporting industries such as avocado growers, which seeks to triple productivity and increase avocado sales to $280 million by 2023.
Māori land also holds strong potential for development for the region.
“The Report outlines a very positive future for the Bay and businesses should be encouraged by it to invest in the region’s strong growth areas”, says Todd Muller.
The Regional Economic Activity Report and interactive website are available HERE
Media contact: Stefan Slooten (04) 817 9431
Authorised by Todd Muller, 3/9 Domain Road, Papamoa