Regional Investment Opportunites (RIO)

The RIO Project was funded by Commonwealth, State and Local Government and the MRDB.  Funding partners include the Department of Transport and Regional Services, Office of Regional Affairs and the 5 regional councils.

The RIO Project was a proactive initiative designed to understand the regional economy and take the initiative in strengthening sustainable regional development. It was also designed to assist regional councils in the planning process and their identification of infrastructure needs to support that development.

The RIO Project was funded by Commonwealth, State and Local Government and the Murraylands Regional Development Board. Funding partners included the Australian Government, Department of Transport and Regional Services through the Regional Partnerships Program, Government of South Australia through the Office of Regional Affairs and the five regional councils; Rural City of Murray Bridge, Mid Murray, Southern Mallee, Karoonda East Murray and Coorong.

A series of four Economic Outlook Reports were commissioned to underpin the investment prospectus and assist councils, members of business and industry and the Murraylands Regional Development Board to develop investment strategies and projects. The first three Economic Outlook Reports which provided both standard and targeted economic analysis were launched in November 2006, July 2007 and November 2007. A fourth economic outlook report was launched in June 2008.

Through extensive research and consultations the RIO research identified twelve target areas for investment:

•    Alternative Energy
•    Education
•    Housing
•    Intensive Animal Production
•    Aquaculture
•    Horticulture
•    Viticulture
•    Food Processing
•    Manufacturing & Mining
•    Retail
•    Recreation & Retirement
•    Transport Logistics
•    Tourism
•    Water Use - Re-use

The RIO Project was been designed to deliver five localised community driven, investment strategies that identify:

•    Targeted and preferred industries
•    Precincts for development
•    Complimentary industry arrangements
•    Opportunities for investment, re-investment, and value-adding on existing businesses
•    Available infrastructure to support targeted investment

Conducted over a two year time frame, the Project focused upon Stage 1 – research and consultation and Stage 2 – marketing and implementation.  Stage 2 began in July 2007 with the launch of the Strategic Directions, Murraylands Investment Attraction Plan. The electronic investment prospectus was launched by the Hon. Patrick Conlon MP, Minister for Energy, Infrastructure and Transport at the Murray Bridge Town Hall on Friday 23rd November 2007.