About regional economic development in NT
The Northern Territory (NT) Government is focused on attracting new investment in regional areas.
Regional areas of the NT offer economic opportunities in mineral and energy resources, tourism, and agricultural products such as meat, seafood, fruit, vegetables, crops, forestry and ornamental plants.
The potential commercial benefit from native flora and fauna, food and medicines is largely untapped.
The Department of the Chief Minister is helping to create new economic opportunities by doing all of the following:
- strengthening relationships between private enterprise and government through the NT Regional Development Framework (see below)
- financial support through the Regional Economic Development Fund
- supporting regional economic development committees to give advice to government on local needs
- providing NT regional economic profiles to attract investment
- managing selected projects to maximise investment opportunities.
Go to the Northern Territory Government website to read more about the Regional Economic Development Fund.
Northern Territory Regional Development Framework
The Northern Territory Regional Development Framework gives local communities the opportunity to drive their own development goals and ideas and contribute to government decisions that affect their region.
The Regional Development Framework includes:
- five regional economic development committees in Nhulunbuy, Katherine, Alice Springs, Tennant Creek and the Tiwi Islands
- a Regional Development Senior Office Group made up of senior representatives from government agencies.
About the Regional Development Senior Office Group
The group is chaired by a representative from the Department of Regional Development and Women’s Policy.
The group advises on regional development initiatives across the NT.
They make sure information from the regional economic development committees is communicated to government agencies.
Last updated: 24 September 2020
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