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July 2022 Edition |
Here's to a new financial year! | |
Welcome to our July 2022 edition of Business News brought to you by the Economic Development Department at Moreton Bay Regional Council (MBRC). I'd like to start by sending our best wishes for the new financial year to each and every business in our highly valued Moreton Bay Region business community. With a new financial year, comes new opportunities. It’s
easy to take the new financial year for granted but with the amount of
initiatives and activities on offer, we are encouraging you to plan ahead. In
this regard, you only have a couple of days to nominate for the 2022 Moreton
Bay Business & Innovation Awards, which close at 11:59pm on Sunday 17 July.
It’s not that hard to complete the nomination and it can make a real difference
to your business.
Council
is committed to the growth, resilience and innovation of our local businesses.
We are hands on in providing practical support that readily impacts your
success. To find out what support services and offerings are available to you,
view our business support resources here. Warm regards, |
Moreton Bay, the centre for the digital economy |
On Friday 8th July, it was announced that global-based renewables investor Quinbrook Infrastructure Partners is bringing their world-class $2.5 billion Supernode Project to the Brendale industrial precinct in the Moreton Bay region. The Supernode Project is the largest ‘green data’ storage facility of its kind in the southern hemisphere and puts the region on the map internationally as a destination for global high-tech companies to invest and set up their business right here in Moreton Bay. Moreton Bay Regional Council Mayor, Peter Flannery was joined by Deputy Premier Steven Miles, Quinbrook co-founder David Scaysbrook and Quinbrook directors to officially announce the Supernode Project. Knowledge, Innovation and Entrepreneurship is a priority focus within Council’s Regional Economic Development Strategy (REDS) and this project positions the region as South East Queensland’s $40 billion engine room and a top regional innovation hub. We welcome Quinbrook and the Supernode project to the region and #TeamMoretonBay and look forward to supporting your growth as you develop this cutting-edge facility. |
Mayor's 2023 Olympic Legacy Working Group |
Mayor
Peter Flannery recently convened the Mayor’s 2032 Legacy Working Group. The
group is the first of its kind in Australia to formally meet ahead of the 2032
Brisbane Olympic and Paralympic Games, and has been set up to identify and
advise on pragmatic legacy opportunities for the Moreton Bay Region. Working
group members are comprised of representatives from across the business,
social, accessibility and community sectors. Four-time Olympic Women’s Water
Polo Captain serves as Olympic representative, as well as Paralympic medalist
swimmer Blake Cochrane. At
the inaugural meeting, held in late May, the group discussed a range of legacy
ideas, from being ‘international ready’ and culturally competent, to harnessing
the economic and business benefits of the Games around logistics, manufacturing,
consumables and across education sectors.
Saturday 23 July marks 10 years exactly until
the 2032 Brisbane Olympic & Paralympic Games and Council is ready with a
string of activities to uncover our next sporting heroes. Find out more here. ![]() |
Progress against the Regional Economic Development Strategy (REDS) 2020-2041 |
The REDS provides the blueprint for Council, industry and the business community to collaboratively build a $40 billion economy by attracting and generating 100,000 new jobs by 2041. To support the achievement of the REDS’ Bigger, Bolder, Brighter goals, the REDS Action Plan sets out 28 actions for the first 18 months of implementation. As at June 2022, progress has been made against all 28 actions, with 23 now at a stage where the target outcomes have been or will be achieved by end of August 2022. And we are seeing great results already: the economy has grown from $17 billion to $18.7 billion (NIEIR 2021) and the total business numbers in the region have increased by 1,517, as at 31 December 2021 (ABR, 2022). As we approach the end of the first implementation period, the industry led REDS Taskforce has been developing recommendations for Council on priority actions for 2023 and 2024 that will account for the 15 existing REDS actions that are ongoing in nature and for the new priorities that have emerged since the launch of the REDS in February 2021. Consultation with REDS stakeholders regarding the focus and deliverables for the second REDS Action Plan will occur in September 2022, with adoption by Council scheduled for November 2022. A full progress report card against the first Action Plan will also be published at this time. |
Business numbers are growing daily! |
With 1,282 new GST business registrations in the region since 1 January 2022, Moreton Bay is clearly a place with high business confidence. The business types that have had the highest level of growth have been Road Freight Transport (56 new businesses), Management Advice and Related Consulting Services (54 new businesses) and Courier Pick-up and Delivery Services (48 new businesses). During this timeframe there were limited numbers of GST registered business closures. Source: ABR, ABN and GST Registrations Moreton Bay Region, June 2022 (unpublished). |
UniSC Moreton Bay partners with Moreton Bay Regional Council on Scenario Planning Research Project |
The Moreton Bay Scenario Planning Research Project is a collaboration between Council and UniSC focusing on developing empirically-grounded scenarios of what the Moreton Bay region may resemble in 2041, supporting Council's Regional Economic Development Strategy (REDS) 2020 - 2041. Drawing on national and international scenario methods and exemplars, these scenarios will explore and explain ways various macro and micro factors might plausibly combine to shape the region’s future assisting Council and REDS stakeholders to anticipate and respond to both potential risks and uncover currently unseen opportunities. In June, Dr Retha de Villiers Scheepers, co-investigator of a four-person UniSC research team, updated REDS Stakeholders outlining that the research team had already completed 24 interviews with industry, government and university representatives, and reviewed more than 65 documents. The team identified 7 ‘macro’ shaping forces, 7 Moreton Bay-specific factors, and a wild-card factor of the 2032 Brisbane Olympics, that might all combine in different ways to shape our collective regional future. More recently, REDS Taskforce members helped rate and chart those forces on scales that capture elements of their potential impact. The six future shaping forces that emerged as most likely to significantly shape Moreton Bay Regional Council’s future are: global climate change; more localised environmental issues; shifts in technology across the board (especially in communication, manufacturing and edition); global and local health issues; management of the region’s state and national (and global) reputation; and the speed, intensity and sequencing of development and growth in the region. In partnership with Council, UniSC research team are now developing a range of trend-combining prototypical scenarios and are working with key stakeholders to refine these over the next few months, before sharing them with the public. |
Celebrating 12 months with the Food & Agribusiness Network (FAN) |
On Wednesday 15th June, Council hosted a Food & Agribusiness Industry Workshop with over 20 industry stakeholders in attendance. The workshop provided an opportunity for engagement and information sharing between the wonderful producers, manufacturer, suppliers and distributor in the region. The feedback and insight council gained from this session is invaluable for the future direction of this sector in Moreton Bay and the MBRC Food and Agribusiness Industry Plan. In July, Council and the Food & Agribusiness Network (FAN) are celebrating 12-months of their strategic partnership. The partnership with FAN is part of a suite of programs delivered as part of Council’s commitment to the Regional Economic Development (REDS) which identified Food and Agribusiness as a key growth sector. ![]() |
Major events for the Moreton Bay Region | |
The tourism, sport and major events priority industry is highly developed with a visitor economy worth more than $1 billion. The region attracts 4.3 million visitors each year. Moreton Bay is home to signature events and national clubs including the Dolphins NRL team and in 2022, home to the Vodafone Warriors. Last financial year, Council supported 33 events through sponsorship, injecting nearly $5.5 million into the economy in additional visitor spending. Seventeen (17) major events have already been secured for 2022/23 and are expected to be attended by over 130,000 people, injecting an extra $10 million into our economy. High profile and iconic events such as the Abbey Medieval Festival, the Woodford Folk Festival and the Moreton Bay Food and Wine Feastival are all making a much anticipated return to Moreton Bay’s events calendar in 2022. For more information about what’s coming up in Moreton Bay, visit visitmoretonbayregion.com.au/whats-on or check out the 2022 Major Events Calendar here. |
Moreton Bay represented at Australian Manufacturing Week | |
Moreton Bay Region ‘Business of the Year’ 2021, Elexon Electronics attended the Australian Manufacturing Week exhibiting their innovative business that specialises in the design, development and manufacturing of a diverse range of electronic products for niche local and export markets including high-tech electronic products for Original Equipment Manufactures (OEM's). |
Australasian Hotel Industry Conference & Exhibition (AHICE) | |
Invest More - Moreton Bay, the region’s investment attraction brand, was on show at the AHICE Conference in Adelaide from 4-5 May. Mayor Peter Flannery led a team to highlight the investment opportunities within the tourism and accommodation sector of the region and to engage with the hotel industry. Recent research indicates the Moreton Bay Region requires up to eight internationally branded hotels inclusive of an extra 1400 hotel rooms within the next 10 years leading up to the 2032 Brisbane Olympic & Paralympic Games. Last year we had 4.3 million visitors and a total 2.4 million visitor nights in our region - that’s more than double the number of annual visitors to Noosa!Conference attendees were given councils hotel investment guide and fact sheet which highlighted the hotel investment requirements for the region and the many benefits for investing in the region. The team also met with over 12 different hotel investment clients and will continue to market these opportunities over the coming months. |
Your one-stop shop for grants and funding opportunities | |
Moreton Bay Region Funding Finder is a free, easy to use portal for community and business groups in the Moreton Bay region. Funding Finder brings more than 1,000 grants valued at over $70 billion to one central location, helping groups quickly search and identify relevant grant and funding opportunities. Receive email alerts for new grants, save your favourites and access tips to help your group apply. Register with Moreton Bay Region Funding Finder and never miss a grant opportunity again! |
Tax time toolkit |
The Australian Taxation Office (ATO) has released a tax time toolkit to help small businesses and their tax professionals with their income tax returns.
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Upcoming Events, Opportunities and Programs | ||||||
Featured
Additional Technology in Manufacturing Date: Thursday 21 July 2022 Export Market Development Program EcoBIZ Program Registrations open now Queensland Climate Tech Showcase GovHack |
Looking for a venue for meetings and events? |
Are you looking
for a venue for meetings and events? Have you considered the Learning &
Business Centre at the Caboolture Hub? |
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Business News produced by the Economic Development Department at Moreton Bay Regional Council helps us keep our local business community informed by sharing news, events, programs and opportunities. If you have any suggestions on future inclusion please reach out by emailing us at Economic@moretonbay.qld.gov.au |
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