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This report looks at ways to improve local economic development, or LED, specifically in Melbourne’s outer suburban interface – most of which is at the forefront of Victoria’s record population growth. In doing so, the report provides an overview of current LED practices and highlights those that are proving to be successful, before outlining further ideas to enhance and broaden worthwhile LED practices across the entire interface. The key message, right from the start, has been that there is no ‘silver bullet’ solution to generating LED. Rather, sustainable additional jobs and the economic benefits that flow from them generally result from well-researched, carefully planned and adequately resourced programs implemented by a partnership of stakeholders, including governments at all levels. The private sector is certainly a key stakeholder in LED but increasingly looks to governments for leadership, incentives and regulatory assistance, especially in areas such as urban planning controls and the provision of major infrastructure.

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