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Te Waka Economic Radar 3 July 2020

As at 3 July, New Zealand is midway through its fourth week at Alert Level 1 status.Te Waka, with the support of Waikato Regional Council Economists Blair Keenan and Sarah MacKay, continues to collate data to gauge what is happening in the Waikato economy. Charts in today’s Radar show some improvement and stabilisation of trends over the past few weeks.Due to COVID-19’s relatively stable nature in NZ and to account for various data sources’ schedules of releasing data, we have made the dec...

July 6, 2020

Waikato Economic Position and Forecast

As the affects of COVID-19 continue to play havoc with the economy, uncertainty prevails.  Alongside Te Waka’s Economic Radar tracking we continue to seek and provide quality information and reports that relate to the Waikato’s economy. Attached for readers reference are three economic commentaries. 1. Regional Economist Blair Keenan provides commentary on the national quarterly GDP announcement including reflections on employment, industry and expenditure measures 2. Deloitte’s insig...

July 2, 2020

1300 Waikato businesses access support and $1.4M of funding during lockdown

More than 1,300 Waikato businesses received help from Te Waka including from the Waikato Business Support (WBS) service, an emergency support service set up by Te Waka three weeks following the start of COVID-19 Alert Level 4. Te Waka distributed more than $1.4 million in Government COVID-19 recovery funding during Alert Levels 3 and 4 to business owners needing financial planning, business continuity, human resources and people management support. Hamilton City Council got WBS off the ground by...

June 24, 2020

Te Waka Economic Radar 17 June 2020

Yesterday 16 June marked the end of the country’s first week at Alert Level 1.Te Waka, with the support of Waikato Regional Council Economists Blair Keenan and Sarah MacKay, continues to collate data to gauge what is happening in the Waikato economy.Charts in this week’s Radar show some improvement and stabilisation of trends from last week, detailed in this report.Due to COVID-19’s relatively stable nature throughout the country and Waikato region, we have made the decision to move to pub...

June 17, 2020

Te Waka Economic Radar 10 June 2020

Today marks the country’s second day at Alert Level 1. Te Waka, with the support of Waikato Regional Council Economists Blair Keenan and Sarah MacKay, continues to collate data to gauge what is happening in the Waikato economy. Charts in this week’s Radar show some significant improvement from last week, detailed in this report. We expect reports in the coming weeks will begin to paint a clearer picture of what the shift to Alert Level 1 means for the country and Waikato region. Three key th...

June 10, 2020

Waikato's Business Alert Level 4 Response

The Waikato Business Support service and our dedicated Regional Business Partner Team have supported in excess of 500 Waikato businesses during Alert Level 4. Following discussions with Waikato businesses over the period from 13 April to 24 April, the following snapshot of the regional business response to Alert Level 4 has been created. These insights are indicative only; respondents total 107 Waikato businesses with direct calls to businesses being facilitated by the Waikato Bus...

June 10, 2020

Waikato's Business Alert Level 3 Response

The Waikato Business Support service and our dedicated Regional Business Partner Team have supported in excess of 800 Waikato businesses during Alert Level 3. Following discussions with Waikato businesses over the period from 28 April to 13 May, the following snapshot of the regional business response to Alert Level 3 has been created.  These insights are indicative only; respondents total 245 Waikato businesses with direct calls to businesses being facilitated by the Waikato Business Suppo...

June 10, 2020

CEO's Column

This month’s news that Hamilton will become the headquarters for the NZ Institute of Skills and Technology (NZIST) is a huge boost for our city and the Waikato region. And it couldn’t have come at a better time. The win reinforces the benefits our region has to offer when it comes to attracting new business, investment and talent – even when the chips are down. Despite tough times, our NZIST success gives me confidence that the Waikato is well-placed to ride out the economic recession. Ou...

June 10, 2020

Te Waka Economic Radar 3 June 2020

Today marks the end of the country’s third week at Alert Level 2.Te Waka, with the support of Waikato Regional Council Economists Blair Keenan and Sarah MacKay, continues to collate data to gauge what is happening in the Waikato economy.Charts in this week’s Radar show some significant improvement from last week, detailed in this report. We expect to see further improvement as businesses/individuals in the country and Waikato region continue to phase-in the ‘less restrictive’ Alert Level...

June 3, 2020

COVID-19 Alert Level 4 in the Waikato: Looking Back to Shape the Way Forward

The Waikato is well placed to support a national economic recovery: Four sectors feature strongly in our 2019 GDP contribution and 2016-2019 growth and have proven to respond well post the Global Financial Crisis and Christchurch Earthquakes. Three broad sectors take a predominant focus as we look towards our recovery: Primary IndustriesManufacturingConstruction In supporting business recovery a number of cross-cutting themes will require business to adjust. Effort and focus ...

June 2, 2020

Te Waka Economic Radar 27 May 2020

As at today, the country has been at Alert Level 2 status for two weeks.Te Waka, with the support of Waikato Regional Council Economists Blair Keenan and Sarah MacKay, continues to collate data to gauge what is happening in the Waikato economy.Charts in this week’s Radar show some significant improvement from last week, detailed in this report. We expect to see further improvement as businesses/individuals in the country and Waikato region continue to phase-in the ‘less restri...

May 27, 2020

Te Waka Economic Radar 20 May 2020

As of last Thursday 14 May, the country has shifted to Alert Level 2. Te Waka, with the support of Waikato Regional Council Economists Blair Keenan and Sarah MacKay, continues to collate data to gauge what is happening in the Waikato economy.Charts in this week’s Radar show some significant improvement from last week, detailed in this report. We expect to see further improvement as businesses/individuals in the country and Waikato region phase-in the ‘less restrictive’ Alert...

May 20, 2020

Hamilton celebrates win as new headquarters of the NZ Institute of Skills & Technology

Hamilton City Council and Waikato regional stakeholders are celebrating the announcement today that Hamilton will be the headquarters of the New Zealand Institute of Skills & Technology (NZIST). The NZIST is merging the country’s 16 institutes of technology and polytechnics along with all industry training organisations into one national organisation. Hamilton Mayor Paula Southgate says the announcement was hugely welcome and that Hamilton had put in an “absolutely compelling” bid. “The ...

May 15, 2020

Te Waka Economic Radar 13 May 2020

As announced earlier this week, the country is to shift to Alert Level 2 on Thursday 14 May 2020.  Te Waka, with the support of Waikato Regional Council Economists Blair Keenan and Sarah MacKay, continues to collate data to gauge what is happening in the Waikato economy.Charts in this week’s Radar show minor improvements since last week, detailed in this report. As the country and Waikato region shift to Alert Level 2 we expect to see significant change.As previously mentioned, we wi...

May 13, 2020

First steps on road to recovery are hidden in plain view

Te Waka calls for smaller, ‘ready right now’ projects to keep Waikato contracting companies work fit. Te Waka, Waikato’s regional development agency, is excited about the Government’s plans to back major ‘shovel ready’ projects and to fast track RMA processes, but says that Waikato communities can take matters into their own hands by unlocking a myriad of ‘ready right now’ projects. Te Waka Chairman Hamish Bell says that firing up a range of smaller-scale projects is vital as a f...

May 8, 2020

Te Waka Economic Radar 6 May 2020

As we experience our second week at Alert Level 3 with new rules and responsibilities for Health and Safety and eagerly await announcements for a return to Alert Level 2, Te Waka, with the support of Waikato Regional Council Economists Blair Keenan and Sarah Mackay, continues to collate data to gauge what is happening in the Waikato economy. Charts in this week’s Radar show continued small movements in some of our data.   As we progress our journey, we will continue to expand our mon...

May 6, 2020

Building our Business Forcefield

Part II – The Next WaveWe have just emerged from what many will hope was the last lockdown we ever experience.  If the last four weeks have taught us anything at all, it is to expect and be prepared for the totally unexpected.  The speed and velocity at which Covid-19 impacted our lives was enough to make your head spin.  The rate at which we were all able to settle our minds and focus on the important decisions varied across the business community.  Some took immediate ste...

May 4, 2020

CEO's Column

The Government’s new appetite for investing in infrastructure, along with encouragement for bold thinking on productivity, connectivity and sustainability, presents the Waikato with a unique window of opportunity.  As the Government looks to kickstart the economy by fast-tracking ‘shovel ready’ projects, Te Waka is pushing for investment in seven key infrastructure projects across the Waikato region. There is no denying the impact of Covid-19 is severe. Economic activity has stalled. ...

May 1, 2020

Te Waka pushes for completion of key Waikato infrastructure projects

Ensuring connected communities critical to drive growth, employment and wellbeingAs the Government looks to kickstart the economy by fast-tracking ‘shovel ready’ projects, Te Waka is pushing for that investment to be focussed on seven key infrastructure projects across the Waikato region. Te Waka CEO Michael Bassett-Foss says new appetite from Government to invest in infrastructure, along with encouragement for bold thinking on productivity, connectivity and sustainability, presents the Waik...

April 30, 2020

Rising up to the ‘Mighty Local’ challenge in Level 3

Waikato residents are stepping up to support their “Mighty Locals” as the region rallies to support businesses hit hard by the COVID-19 pandemic. With the move to Level 3 this week, businesses are finding new ways to trade with customers, through contactless delivery and pickup services.        Punnet, a popular Tamahere eatery, opened for contactless pickups today as well as free local delivery of their Punnet at Home prepared meals range, with a $5 delivery ch...

April 28, 2020

Te Waka Economic Radar 21 April 2020

As the lockdown continues, Te Waka, with the support of Waikato Regional Council Economist Blair Keenan, continues to collate data to gauge what is happening in the Waikato economy. Charts in this week’s Radar continue to show declines in consumer spending and limited movements (both air and road) under Alert Level 4. This week we showcase more regional data on COVID-19, and enhanced data on job related statistics. Our aim next week is to showcase District level data on Job Seeker Su...

April 22, 2020

Te Waka Economic Radar 15 April 2020

As the lockdown continues, Te Waka, with the support of Waikato Regional Council Economist Blair Keenan, has been collating data to gauge what is happening in the Waikato economy. From this week, Te Waka will begin publishing a range of indicators from a variety of sources to track our region’s progress. It will be no surprise that many of the charts paint a painful picture. Consumer spending in the region has crashed, with only supermarkets, pharmacies and fuel sales allowed to continue to o...

April 16, 2020

Free Job-Matching Website launches for Waikato people

A free job-matching website for the Waikato region goes live today to support business owners and employees through COVID-19. The aptly named “Waikato Nxtstep” website is where Waikato businesses can list their vacancies and job seekers can list themselves. The idea came out of the Cambridge Business Chamber, in collaboration with Te Waka, Waikato's Regional Economic Development Agency, and has turned into reality in the space of a few short weeks. Kelly Bouzaid, Chief Executive of the Camb...

April 14, 2020

Te Waka business support - just a Zoom call away

Face-to-face meetings with business advisors from the Waikato regional development agency, Te Waka, have moved online.   Te Waka’s business advisors are now booking Zoom meeting slots with business owners.    The video-conference meetings replace monthly one-on-one meetings at Council buildings throughout the Waikato. So, there is no need to wait until a business advisor comes to town – book an online meeting slot and connect now.   Advisors can also talk by ph...

March 27, 2020

Waikato business community rallies to protect their own from COVID-19 fallout

The Waikato business community is rallying together to help deliver business continuity resources to those affected by the COVID-19 virus. The collaboration comes following last week’s announcement by the Government of a $4 million regional support package aimed predominantly at New Zealand domestic SME businesses. The region’s economic development agency, Te Waka, will lead delivery of this economic support to Waikato businesses affected by COVID-19 on behalf of New Zealand Trade and Enter...

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