KCDC reports a boom time for local economy
By Alan Tristram
The Kāpiti Coast District Council says the local economy is growing fast.
There’s a reported 3.1 % increase over the year to September — and visitor numbers are up 14%, well over double the national average.
Sarah Stevenson, Group Manager, Strategy and Planning, says much of this came from the success of ‘our local businesses including tourism and retail.’
Visitors up 14%
“There was a 14% increase in visitor guest nights, compared with 5.9% for the Wellington region and 6.2% nationally.
“Retail trade is also up 2.9% compared with 1.7% for the Wellington region and 2.7% nationally,” says Ms Stevenson.
Quarterly economic data released by Infometrics shows the Kāpiti Coast is benefiting from a combination of population growth, increased investment in property and infrastructure, and improved job prospects throughout the Wellington region.
“Kāpiti has a diverse and thriving business community and the data reinforces the positive contribution these businesses are making to our economy,” says Ms Stevenson.
“Our close proximity to Wellington will be significantly enhanced once the Mackays to Peka Peka Expressway opens.
“And we are already beginning to see evidence of this through the upward trend in visitor guest nights and an increasing number of people and businesses wanting to call Kāpiti home.”
( Note: Source of economic data: Infometrics Quarterly Economic Monitor September 2016)