TRC Is Open For Business
Supporting local businesses, growing industry and welcoming investment from outside the region have been the main drivers for Tablelands Regional Council’s (TRC’s) new Investment Incentive Policy.
Mayor Rod Marti said TRC will be taking the lead in supporting ongoing economic growth and development, and job creation.
‘While the broader economic conditions are beyond our control, we can remove barriers and create local conditions to make it easier for business and industry to generate opportunities and respond to challenges.
‘The new policy allows for the waiving of infrastructure charges to incentivise the construction of affordable medium-density dwellings, the development of strategically important industries and attraction of major catalytic projects.
‘This includes apartments, flats, units, townhouses, day care centres, medical centres, manufacturing facilities, industrial development, aged care facilities, hotels and more.
‘With major construction projects like the hospital and transport upgrades nearing completion we wanted to create a pipeline of projects to ensure continued economic growth and development.
‘The policy also indicates preference for the use of local workforce and suppliers.
‘Development incentives can be as much as $100,000/project, with a cumulative value over the life of the policy of $2M.
‘Medium-density housing incentives are a real priority for this Council as our rental vacancy rate of 0.1% is the lowest in Queensland.
‘Seven percent of our dwellings are medium and high-density compared to 23% in regional Queensland, 24% in Queensland and 27% across Australia
‘No new multiple dwellings were approved in our region in the 12 months to the end of April this year, instead we approved 152 new detached dwellings.
‘It’s important that we have affordable housing for our residents and that our young people have opportunities and options to stay in our region.
‘We’ll keep an eye on the application of the policy over the coming months, and make adjustments as required.
‘This is a big step in helping to address our medium-density housing while supporting construction related to business and industry development opportunities,’ Mayor Marti said.