Budget driving city’s economic future

Published on 14 June 2022

Behind the scenes helicopter action in San Andreas © Village Roadshow Studios

More than $55 million will be invested to boost our city’s economic credentials in areas including marine, film, television, tourism and small business.

“We know that money invested by council in these key sectors attracts significant returns through greater local employment, more tourists and greater marketing exposure as well as increased investment in key industries such as film, marine, health and sport,’’ said Mayor Tom Tate.

Key programs and entities to be funded in 2022-23 include:

  • DestinationGC - $16.5 million;
  • Major EventsGC - $11.97 million;
  • Study Gold Coast - $3 million.

“The recent success of block-buster films for our city reinforces that we are on the right track when it comes to support for our film and television industry.

“This year (2022-23) we will invest $2.9 million towards both the film industry and sports sector, in a bid to attract more film productions as well as sporting events and sports training camps.’’

Other initiatives include:

  • Marine - Steiglitz Marine Precinct master plan investigations to unlock marine industry opportunities in the northern part of the Gold Coast - $200,000;
  • Land - Yatala-Stapylton Industrial Land Investigations – expansion of Yatala Enterprise Area to support long term economic growth and job opportunities for residents of the Gold Coast - $150,000;
  • Residential - Gaven North and Highland Park Investigation Areas to investigate opportunities for new residential lots and dwellings - $210,000;
  • Business – specific business attraction programs to stimulate the Health and Knowledge Precinct - $759,000;
  • Grass roots – more than $800,000 towards grassroots economic development initiatives to support local business such as the Growth Accelerator Program, Digital Growth Program and Gold Coast Business Week; and
  • Trade - $346,000 for the International Trade and Investment Program designed to promote the coast and participating businesses to the world. The first of these events in 2022-23 is a Mayoral Trade Mission to Birmingham, UK.

“We remain the only local government in Queensland with an Austrade partnership to invest in building the export capability of businesses. $500,000 is available for this TradeStart,’’ he said.