Update – 6 May

Grow Wairarapa (Economic Development Strategy & Action Plan)

Activity continues in the Grow Wairarapa space. Over the last week Business Wairarapa attended a combined meeting with both the Wairarapa Economic Development Strategy (WEDS) Governance and Steering Groups. This week we will be attending meetings with two of the three Action Groups – Knowledge Intensive Industries and Food Action. To keep up to date with what’s been happening, read the Grow Wairarapa blog.

ANZ Chief Economist Sharon Zollner

Many thanks to ANZ for providing Business Wairarapa members an opportunity to hear the economic forecast from Sharon Zollner. Two key take outs were what happens in China really counts as we are tied at the hip. We should also keep an eye on New Zealand’s Reserve Bank proposal to increase the total minimum capital requirement for banks. This will have a significant knock-on effect for businesses – the economy can be expected to grow at a slower rate as it absorbs the higher cost of borrowing and lower returns for depositors.

Visit from Hon Simon Bridges

Last Thursday, National Leader Hon Simon Bridges along with Alastair Scott MP for Wairarapa provided a number of local female business leaders the opportunity to ask the difficult questions at a breakfast. Bridges stated that there would be greater investment in infrastructure and health if National got into power. We also heard from Marie-Claire Andrews from the Grow Wairarapa who updated us on where the region is at with the Economic Development Action Plan.