Penrith. New economic development body

A new organisation, yet to be named but currently known as Penrith’s Economic Development Entity (EDE), will come into being from January and assume both the current activities of the Penrith Valley Economic Development Corporation (PVEDC) and the council’s Economic Development Unit. The single, independent entity would streamline the delivery of economic development services to meet Penrith’s role and obligations as a regional city, and to maximise the opportunity for undertaking major-project initiatives for creating some 40,000 jobs by 2031. Sixty-eight applications were received for appointment to the EDE board.