Queensland. The state for business.
Queensland offers plentiful land, a wealth of resources, excellent and expanding infrastructure, a highly skilled workforce and attractive incentives for new and established business to make the state their home. The Queensland Government wants innovative and dynamic businesses to establish and expand in Queensland, and is acting to make that a reality.
How we can assist industry
To further this economic vision, the department is actively engaging with companies, with the aim of encouraging the relocation and establishment of new projects, or reinvestment and expansion of existing operations in Queensland. The department works closely across government and with private sector agencies to provide a Queensland one-stop-shop approach for advice, information and facilitation support.
The type of facilitation support that may be provided can include:
- providing the business case information as to “Why Queensland” – delivering information addressing project requirements, business costs, skills availability and other business investment drivers
- identifying suitable site options reflecting project requirements
- providing streamlined access to government services
- coordinating pre-lodgement meetings and giving advice on the development approval process to expedite approvals and reduce red-tape barriers
- providing advice and provision of contacts or introductions to universities and various service providers such as property groups, utilities, education and training organisations, raw materials suppliers and other organisations to allow business to effectively expand in the state.
Advance Queensland Industry Attraction Fund
The $150 million Advance Queensland Industry Attraction Fund (AQIAF) is our financial incentive program and complements our full suite of support services.
AQIAF, like all our industry attraction work, seeks to bring innovative projects to Queensland and help them grow in order to drive job creation, regional growth, increased innovation and technology and supply chain development.
Is my project eligible?
To be eligible to receive AQIAF support your project must be contestable, meaning that it could be undertaken in more than one location. For example: a project that must be based at an airport on the east coast is contestable, compared to one that must be based specifically at Brisbane airport.
Additionally, your project must perform very strongly against at least some of the following criteria:
- Employment – the extent to which a project will result in a sustainable increase in employment. This includes any flow-on impacts on employment in other sectors.
- Regional development – the extent to which a project will achieve positive regional development and employment outcomes.
- Increased innovation and technology – the extent to which the provision of a financial incentive will result in the implementation of an innovative technology or business practice. Assessment against this criterion includes consideration of the potential for the technology or business practice to be disseminated throughout the industry in Queensland and the likely impact on long-term productivity.
- Capturing greater value from global value chains - the extent to which the provision of a financial incentive will enable the business to move up and along global value chains, and in doing so, capture additional value, which will manifest in increased value to the Queensland economy.
AQIAF, and its support to projects, is based on the following principles:
Queensland is the place for innovation, enterprise and industry. With a strong and diverse economy, Queensland has all the competitive advantages making it the best location to invest and grow your business.
With an abundance of natural resources, the state has ready access to raw materials supported by comprehensive transport networks and infrastructure. Queensland's skilled workforce is equipped to sustain emerging industries, and the support of world-class universities and training institutes will ensure the supply of future workforce needs. Additionally, Queensland boasts an unrivalled proximity to the high-growth markets of the Asia-Pacific, and is home to an enviable lifestyle with a competitive cost of living.
The Queensland Government is unashamedly pro-business with a stable and supportive policy and regulatory regime. Queensland offers one of the lowest payroll tax rates in Australia, has economic commercial and industrial property costs, and low workers' compensation premiums.
These benefits create endless opportunities across a range of sectors making Queensland the future of Australian business.
To register your interest to receive more information on release, please contact the Investment Attraction team.
- Tel: 1300 785 106
- Visit: Advance Queensland website