New program to lure investors to Moreton Bay

Published 4:00pm 5 May 2022

New program to lure investors to Moreton Bay
Words by Jodie Powell

Investors who relocate or co-locate to the Moreton Bay region will have access to new business incentives and partnerships.

Councillors voted unanimously in favour of a new Investment Attraction Program at this week’s Council meeting, with Mayor Peter Flannery saying it is critical for Council to facilitate new investment opportunities that will create jobs and bolster the region’s economy.

The program will attract new investment, as well as supporting the region’s businesses and industries to ensure their retention and expansion, Mayor Flannery says.

“Now is the time for Moreton Bay region to take its place on the national stage a decade out from the 2032 Olympics; because what we offer investors isn’t just compelling, it’s game-changing,” he says.

Complementing existing business

“This new investment program is designed to ensure investors will enhance Moreton Bay region’s reputation by building strong supply chain links and complementing existing businesses and industries.

“The Invest Moreton Bay campaign Council launched in October last year targeted investors in key priority industries seeking to harness the power of unrivalled growth and unlimited potential; and is already delivering leads.

“Council-owned Millovate is already in discussions with major international players about the potential of The Mill at Moreton Bay, to turn 65ha of the site into South East Queensland’s sustainable industry-integrated community, including advanced manufacturing such as robotics, medical technologies, microelectronics, information technology, pharmaceuticals and renewable energies.”

Creating new jobs

Mayor Flannery says The Mill at Moreton Bay will inspire curiosity and fresh thinking, as well as generating up to $813 million in economic benefit and up to 8600 new jobs.

“The Mill at Moreton Bay offers exceptional opportunities for astute investors in education, healthcare, tech start-ups, and also lifestyle in the heart of one of Australia’s fastest growing regions.

“We are committed to more innovation, more space and more collaboration to help businesses and industries think bigger, be bolder and build brighter.

“Encouraging businesses to expand, relocate or co-locate their operations in our region will benefit our economy through the creation of new jobs and investment, and support the goals of the Regional Economic Development Strategy.”

Read more local news here.

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