A Logan City Council initiative to attract new business and create employment has been tailored to target emerging sectors such as clean technology, health and medical providers and tourism infrastructure.
The highly successful Investment Attraction Incentive Fund (IAIF) was this year allocated $3 million over the next three years to attract investment from business operations and projects that provide significant economic benefit and job creation for the City of Logan.
Deputy Mayor Jon Raven, said amendments to the scheme, to be adopted at a future Council meeting, would enable Council to diversify the types of industry looking to set up business in the city.
“As our city continues to grow, we had to think about the kind of industries we could attract that would also provide employment opportunities for locals,” Councillor Raven said.
“This creates real opportunities for the next generation, kids who attend school here, can go to university here or get a trade and then start a career somewhere close to home.
“By targeting emerging industries, we know there will be demand for these products and services well into the future.
“This provides some certainty around long-term economic outcomes for the city and has a ripple effect by attracting further investment.”
Industrial biotechnology, education and health, transport and logistics and the creative arts are industries on the radar.
Council will also introduce a high priority investment list which targets assets that are either non-existent, under-represented or highly sought after by the business or residential communities.
This could include a hotel, short-term accommodation, tourism attraction, or boutique food outlets.
