Latrobe Valley Economic Development
The Latrobe Valley has many strengths and advantages including highly skilled workers, abundant natural resources, excellent education and training facilities and well-developed infrastructure.
However, the Latrobe Valley faces some significant challenges with high unemployment rates and some areas of disadvantage. The closure of the Hazelwood mine and power plant will also have an adverse impact on the local economy.
The Victorian Government is strongly committed to supporting the Latrobe Valley through the difficult period of adjustment following the closure of Hazelwood. As part of this support, the Department of Economic Development, Jobs, Transport and Resources (DEDJTR) is delivering a suite of coordinated programs to support workers, businesses and families affected by the Hazelwood closure and to help strengthen and diversify the Latrobe Valley economy.
The department will deliver these programs and services, working closely with the community, businesses, the Latrobe Valley Authority, unions and local and Commonwealth governments to drive outcomes that benefit locals and align with their vision of their region's future.
Through the $40 million Latrobe Valley Economic Development Program the department will help local business grow, attract new investment and provide transition support for businesses and workers affected by the Hazelwood closure.
There will be support for supply chain businesses through the Hazelwood Supply Chain Transition Program and the Business in Transition Support (BiTS) program will help businesses to support their workers following retrenchment.
Small Businesses Victoria will be offering a range of services to help affected businesses move forward, including business mentoring.
The department will deliver more trade and investment specialists dedicated to realising investment opportunities for the Valley.
DEDJTR will also play a key role in delivering new transport infrastructure and ensuring that the Hazelwood mine is rehabilitated in accordance with the law and community expectations.
Page last updated: 3 November 2016