an economic development strategy for latrobe city revised version 2004 2008 as february 2007 www vic gov au page 2 contents foreword 4 part one introduction 6 understanding 10 in regional australia 12 investing new investment focusing on competitive strengths 13 profiling the sectors modelling building brand 14 community relationships linking tourism and events to business activity 15 industrial eco infrastructure transforming projects measuring progress 16 leading indicators trailing managing risk 18 delivering 19 3 two role of unit 20 services 22 attraction facilitation 24 policy advocacy 25 project delivery 27 we are pleased present this economy is transformation