THE town’s economy has been hailed as robust and business is confident about the future, according to first comprehensive snapshot of Tennant Creek.
The Tennant Creek Economic Profile was launched by Barkly MLA Gerry McCarthy last week.
Mr McCarthy said the profile would assist businesses and the NT Government to make informed economic decisions for the future of the town.
While the profile offered a promising outlook, there does remain some hurdles.
“The main challenges identified in the profile include encouraging further private investment into the town and businesses becoming more competitive in attracting a labour force, which underscores the importance of having an economic profile to grow jobs, businesses and the economy in Tennant Creek.,” said Mr McCarthy.
“Mining, agriculture, fishing and forestry, government administration and health and community services are Tennant Creek’s five main industries, accounting for 58 per cent of total activity in the region.
“There are more than 130 businesses in Tennant Creek, with the majority of them employing fewer than 19 people.”
The profile, a NT Government and Tennant Creek Economic Development Committee project, was released after six months of liaising with local business which included data collection, analysis and surveys.