Our approach to Local Economic Development is that economic development is not a linear approach but rather the outcome of a complex set of relationships which involve managing the key components of production and relying heavily on how the local communities and private sector respond to these interventions. We are therefore pleased that as a Municipality we have identified the following catalytic LED projects to position Drakenstein Municipality as an investment destination of choice.
a) Review of the LED Strategy - This process started in 2013 and culminated into the establishment of a bi-annual event where MAYCO meets the business sector to share important information on progress with regard to Economic Development and overall growth of the Municipality. The inaugural event was held on the 23rd of June 2015 where we shared the proposed LED Implementation plan which emanated from the review process.
The plan is built on three pillars namely:
1) Spatial Transfer
2) Business Promotion
3) Job Creation
The Municipality is also in the process of expanding the network of information sharing through the development of a concept called “ Drakenstein in Conversation”. Here the objective is to broaden and strengthen our interactions with key interest groups in the Drakenstein area including civil society. Through this process the unit will focus on driving good LED governance and strong external and internal collaboration to drive the following “ Game- Changer projects in the area.
b) Establishing Urban Development Zones and Special Rating Areas in key growth areas of Drakenstein. We are in the process of establishing the Paarl CBD as an Urban Development Zone through an application to the National Department of Treasury.
c) Implementing a Business Retention and Expansion Strategy for Vlakkeland industrial area as our main industrial node in Drakenstein.
d) Acknowledging the significant contribution that the Informal Economy contributes to our local GDP and facilitating key enablers to grow this sector.
e) Creating an investment ready environment to ensure that Drakenstein becomes the investment destination of choice in Cape Winelands. Here we will focus on collaborating with our Infrastructure services department to facilitate the provision of fast and reliable broadband for the area. We are at the conceptual phase of this project and we are confident that this will be one of the most important game changers for the Drakenstein area.
All of the above-mentioned projects are currently work in progress. The aim is to share updates through our website, stakeholder networking sessions and social media on a quarterly basis to ensure that we maintain the interest of the respective role players.