Getting down to Business
Sent on: Monday, 27 February 2017 at 11:26:24 AM
Getting Down to Business
With CEO John Lally
The article “Dreams in the Dust“ in this Weekend’s Australian Magazine by Victoria Laurie certainly got a good number of local comments claiming “it was biased, unfair and the City of Karratha had changed. A number of people were finding it tough going, but people in the North West were resilient. Also mentioned was the Karratha area was a great place to live due to the improved ‘family friendly’ amenities and importantly now housing was affordable.”
Few, if any, predicted the speed the construction phase would cease causing local housing prices to fall rapidly. As the local economy enters the “export phase” the turnaround in real estate market has resulted in owner occupiers entering the market and school enrolments have increased.
Historically, the resources industry has shown itself to be cyclic. After we come off each expansion, the economy, the population and the public facilities are always better than bottom of the trough of previous cycle due to increased production and amenities.
The global economy’s competitive nature this has resulted in all businesses big and small, needing to commit to improving cost-efficiencies and productivity.
Hence, in reality, the issues raised by Victoria Laurie are common in all regional areas across Australia due to corporate belt tightening in all industries. It is not peculiar to the Pilbara but right now we just happen to be an important seat in a hard fought state election campaign - so we get the headlines!!
Fortunately for the Karratha, we have advantages over many regional areas in Australia with a strong resilient economy.
- We are at the epicentre of the most important resources area of Australia
- We are a “port city“ and commodity prices had stayed well above economic forecasts. The resource companies have strengthened their balance sheets over the last year.
- Major resource companies spent many billions of dollars expanding their infrastructure which now has to be maintained and upgraded over time.
- There are exciting projects in the pipeline and Karratha businesses have capacity and expertise to engage in these projects.
- Reduced building costs and emerging technologies provides opportunities to diversify the local economy.
- All levels of government, supported by the resources industry, have improved community amenities and made all the towns more “liveable“ for families.
Sometimes you just have to spend money to make money!
Many of the KDCCI members are telling me their business have adjusted to the new economic norm and they feel they are turning the corner.
The KDCCI would love you to complete the MEMBER SURVEY as it closes on February 28th.
Have your say on what we offer or should offer to our membership
Just like local businesses the KDCCI is looking to improve its operation and services to all our members - big and small.
See you at Tuesday’s City Of Karratha’s Business Breakfast !!
KDCCI Member Survey - Have your say!
Thank you to everyone who has responded so far, there is still time to "Have your Say"
Closing 4pm - 28th February 2017
Help us to make a difference!
What would you do to improve things for Local Businesses?
Please complete our survey to provide us with your thoughts.
Plus there is a chance to win a $150 dinner voucher!!
Click here to complete the survey
CIty of Karratha in partnership with the KDCCI - Small Business Briefing Breakfast
Tuesday 28th February 2017, Karratha Leisureplex Main Function Room.
EVENT BOOKED OUT!
Registrations are at full capacity for the Business Breakfast tomorrow, Tuesday 28th February.
There will be NO opportunity to register on the morning of the Event.
Apologies to those that will miss out. We really can't fit any more guests into the Room.
If you have missed out, check out the KDCCI Facebook Page from 8:00am onwards Tuesday morning. We will be streaming live the presentations!
If you are attending, arrive from 7:30am onwards. Buffet breakfast will be available, and presentations commence just prior to 8:00am.