Penrith. PVEDC to be 'peak' business group

The revamped Penrith Valley Economic Development Corporation (PVEDC) aims to be the ‘peak’ business organisation to coordinate and leverage support for major job creation initiatives, in the region. A Deed, expiring in November 2011, has been signed between the PVEDC and Penrith City Council which makes provisions for funding the corporation to undertake a number of economic development functions and to work towards achieving specified job targets. The PVEDC strategic plan includes establishing it as a first port of call for development, and marketing the lifestyle, employment, business and investment opportunities in the city. The plan will be launched at a business function on December 3.