Economic Development Strategy

Our vision for business

The Economic Development Strategy, developed with feedback from our community, is our vision for how we’ll boost Boroondara’s local economy over the next 6 years. It is accompanied by an action plan that outlines how we’ll direct our efforts.

On Monday 26 February 2024, Councillors adopted the strategy at a Council meeting. You can watch a recording of the meeting on the City of Boroondara YouTube channel.

You can learn about the consultations to develop the strategy on our Your Say Boroondara website.

Our 4 priorities

The consultation helped us develop and identify the 4 priorities in the strategy. 

Priority 1: Thriving Shopping Precincts

We're committed to activating and enhancing activity centres and shopping precincts across Boroondara to ensure they offer vibrant places to meet and be entertained, access to job opportunities and green spaces, as well as meet the diverse shopping, social and service needs of residents, workers, businesses and visitors. 

Priority 2: A Supported Business Community

We're committed to promoting business growth and investment in Boroondara that capitalises on existing industry specialisations and achieves successful economic and employment outcomes.

Priority 3: A Sustainable, Circular and ‘Smart’ Local Economy

We're committed to encouraging a flourishing local economy that embraces innovative models of business and supplies environmentally sustainable goods and services to our community.

Priority 4: A Desirable Destination for Visitors

We're committed to supporting the growth of tourism and the visitor economy by attracting non-local (Melbourne residents from outside Boroondara), regional and interstate visitors and increasing visitor spend.

Download the Economic Development Strategy and Action Plan below.