BUSINESS IN THE LAKE EUCUMBENE REGION

The Lake Eucumbene Chamber of Commerce is located in Australia's High Country in the Snowy River Shire local government area which is one of the fastest growing areas in NSW. Based on 2001 Census figures the Shire's growth rate (in terms of permanent residents) is 3.4% per year. This figure is twice the NSW average.
The Eucumbene region is in the northern part of the Snowy River Shire and close to the northern section of the Kosciusko National Park.



Adaminaby is the main town in the northern part of the Eucumbene region. It is very close to and provides services to the townships of Old Adaminaby and Anglers Reach.
The population is 465 (Source ABS) and is growing. There has been a 27% increase since 1997.
Since May 2006 Adaminaby has enjoyed a new water system which supplies the town with pure, fresh water from Lake Eucumbene.

BUSINESSES OPPORTUNITIES

1. TOURISM is the basis of the economy. The number of people employed in service industries which support tourism is steadily rising.
   • The warmer months (Spring, Summer and Autumn) feature Fishing, Bushwalking, Motorcycling and Cycling,
   
   • The Winter months are extremely popular for Snow sports and Skiing.

Many businesses service TOURISM as well as having the dual role of servicing the growing permanent population. These are:

• Accommodation, Cafes and Restaurants
• Services associated with Fishing
• Retailing aimed specifically at tourism


2. Retail Trade
3. Construction
4. Property and Business Services
5. Health and Community Services
6. Manufacturing
7. Agriculture
8. Fishing and Forestry Services

   Pie Chart shows % Distribution of Business Types in the Snowy River Shire (Source ABS)

AREA PROFILE:

1. THE SNOWY RIVER SHIRE:
• Population Growth:
i) Currently 3% annual growth rate there are over 8,000 permanent residents (source XXSnowy River Shire)
ii) Between 1997-2001 growth rate of 20% (source ABS Census 2001)
iii) Permanent residents aged between 5 and 24 represent 34.5% of the total population
xx* This compares very favourably with the total Australian figure for these age groups.
xx* Australia wide only 27.6% of the total population is in this age range.
xxxx(source ABS 2001 Census)
iv) This Shire is one of the fastest growing regions percentage wise in NSW. (source xxSnowy River Shire Council),


• Geographic and Local Government Features:
i) Description: An inland local government area, located on Southern Tablelands of NSW.
ii) Area: 6059 sq. kms.
iii) Boundaries:
xxSouth - Victorian border,
xxNorth - Murrumbidgee River which is also the eastern boundary of the xxxxxxxxCooma-Monaro Shire.
xxWest - Great Dividing Range in the Koscuiszko National Park
xxSouth - the Snowy River which forms the south-eastern boundary with the Bombala xxxxxxxxxShire
iv) Topography and Climate:
xxxxxxxxxxEast - rolling plains, West and South - high, rugged mountain ranges
xxxxxxxxx Temperate in warmer months, subject to snow and high winds in Winter.
v) Surrounding Shires - Bombala, Cooma-Monaro, and Tumbarumba.(Source Snowy River Shire Council)


• Economic Data:
i) 2005 Contribution of Fishing to Area:
xxxxxxx*Injects $700 million into NSW economy.
xxxxxxx*Creates up to 700 jobs (source NSW Minister for Primary Industries, Ian xxxxxxxxxMacdonald 26/08/05)
ii) 2002 X*Tourist Expenditure in Shire over $270 million
xxxxxxxx*Value of agricultural production between $20 and $30 million pa - depending on commodity prices (source Federal Bureau of Industry and Tourism Research)
iii) 2001 Census
xxxxxxxxx*Very low rate of unemployment
xxxxxxxxx*50% of residents employed in service industries (source ABS)
2. ADAMINABY:
   
   • ABS figures demonstrate that proportionally Adaminaby has the largest number of residents under 14 and that is amongst the highest of any town in NSW.
   • Since its new water system has been commissioned opportunities for development are expanding.
   • A small airfield which hosts an active club offers landing facilities for small aircraft.
   • New families are moving into the town and the numbers at the school are growing.
3. Other significant towns in this Shire are Berridale, Thredbo, Jindabyne and Dalgety.
4. COOMA is the nearest large service town to the northern end of the Lake Eucumbene region and the northern Kosciusko National Park. Its population is over 9,200 and is a 35-40 minute drive from Adaminaby along the Snowy Mountains Highway. It is located in the neighbouring Shire of Cooma-Monaro.

ACCESS to the northern areas of the Kosciousko National Park from CANBERRA:

1. 90 minutes along the Bobeyan Road via Tharwa and Shannons Flat. There is 40 km of unsealed surface but its condition is very good. The scenery is SPECTACULAR.
2. A total of 2 hours down the Monaro Highway past Michelago, through Cooma then turn right along the Snowy Mountains Highway.