OPINION: Good economic signs for the Clarence Valley
THE rise in the value of development applications submitted to Clarence Valley Council in the past year appears to be a sign of green shoots in the local economy.
With more than $88million in development work approved in the past 11 months, and 173 more applications approved, the signs appear clear that there is greater confidence throughout the Valley.
Significantly , the DA value is nearly $20 million more than in 2011-2012.
That was the year before the closure at the Grafton jail took the wind right out of the Valley's sails, and led to lower DA figures in the following two years.
As the Mayor pointed out at Tuesday's council committee meeting, it is not clear what influence the upcoming highway and bridge projects have had on the figures, but we can assume the economic impact of those constructions will provide a big boost in future years.
That's not to say all is rosy in the Clarence Valley. There is plenty more that can be done to improve the business climate, but if confidence is a self-perpetuating state of mind, the Valley seems to be heading in the right direction.