The Queensland economy offers investors a sound, safe long-term investment climate. Queensland is projected to experience the largest percentage increase in population between 30 June 2007 and 2056, more than doubling the 2007 population of 4.2 million to 8.7 million people by 2056. As a result Queensland is projected to replace Victoria as Australia's second most populous state in 2050.
Brisbane is one of the major business hubs in Australia. Most major Australian companies, as well as numerous international companies, have contact offices in Brisbane, while numerous electronics businesses have distribution hubs in and around the city.
In 2008-2009 Queensland’s Gross State Product (GSP) totaled A$209 billion (or approximately19% share of national).
Major Companies Located in Queensland
Credit Union Australia
Invest Queensland: http://www.investqueensland.com.au
Queensland’s growth rate during 2008-2009 was 0.3%. This is of course due in part to the worldwide economic crisis.
Key investment areas include:
Advanced Manufacturing: The industry offers strong and diverse capabilities across a range of established sectors, including engineering, machinery and equipment, transport equipment and food processing, as well as newer sectors with high growth potential, such as aerospace and electronics. The Queensland Government is committed to fostering long-term, sustainable manufacturing growth across these sectors.
Aviation & Aerospace: Queensland is an aviation and aerospace hub of the Asia Pacific region. After almost a decade of unprecedented industry growth, Queensland is now regarded as the:
Biotechnology & Life Sciences: Queensland has world-leading capabilities in biotechnology, including health, medical, environmental, industrial and agricultural applications.
The State's renowned research and development base is supported by leading-edge platform technologies that include:
Defense: Queensland has strong, diverse capabilities across a range of high value sectors, including aviation and aerospace, electronics, marine, engineering, construction, and machinery and equipment manufacturing.
Food Processing: Queensland is renowned as a location of choice for companies in the food industry.
Queensland's vibrant food industry is characterized by two broad, distinct categories:
Games Development: Over the past two years the Queensland Government has facilitated the development of a strong and vibrant environment in which the local electronic games industry is flourishing.
ICT: Queensland has a dynamic and diverse information and communications technology (ICT) industry that is growing strongly. The State is home to approximately 5,600 information and communications technology (ICT) businesses.
Queensland has a global reputation as a producer of quality marine vessels.
The State is home to a variety of marine industry companies that specialize in designing, building and maintaining vessels ranging from small recreational boats, motor cruisers, commercial and defense vessels through to luxury super yachts.
Queensland is a global leader in the development of mines and is the world's largest exporter of coal. The State is also Australia's largest producer of base metals. Queensland is geographically close to the largest developing markets in the world and has a proven capability to provide quality resources via cost effective and efficient infrastructure.
Queensland is Australia's premier tourism destination. The State offers globally competitive products and services from well-established operators, yet there is still room for a range of new investment opportunities in accommodation, attractions, and transport and tour operations.
Queensland's world-class research, award-winning commercialization programs and entrepreneurial business culture have attracted a growing number of venture capital funds. This has positioned the State as an emerging financial centre, particularly in private business angel funds, public research funds and early stage venture capital, and increasingly in private equity.
Australia’s Foreign Direct Investment policy is as follows:
Regional Queensland Investment Incentives Scheme (RQIIS) provides financial incentives on a case-by-case basis and for targeted investment projects.
The Federal Government could consider the provision of investment incentives to strategic investment projects in limited and special circumstances where the project would generate significant net economic and employment benefits for Australia. Incentives could include grants, tax relief or the provision of infrastructure services. Incentives are considered by the Australian Government on a case-by-case basis, using the following criteria:
Invest Queensland: http://www.investqueensland.com.au
Brisbane is an attractive center of investment for world-wide businesses due to its:
Queensland has a highly skilled, motivated, employment-ready workforce. The State's enviable lifestyle and low cost of living have been major drawcards for skilled people to migrate here, and for companies to retain their staff.
The Queensland Government partners with industry to provide ongoing, through-life support. The Government has invested heavily in industry strategies, support plans and services for long-term economic development.
The Queensland Government, through Invest Queensland, recognizes the importance of continued investment and reinvestment by local, national and international companies. To facilitate this, support includes:
In addition to the State's stable economic environment, Queensland offers businesses one of the world's most stable political environments. In 2009, Australia was ranked as the second most politically stable country in the world, ahead of many major competitors.
Low Business Costs
Queensland offers businesses cost advantages comparable on a global scale. Benefits include:
Queensland boasts world-renowned beaches, national parks, rainforests, reefs and a sub-tropical climate.
Queensland is one of the world's most livable cities thanks to these natural wonders and other benefits such as:
Queensland has lead all other states in infrastructure spending since the 2005-2006 state budget with the latest 2009-2010 state budget being no exception to this. Over the past five years Queensland has invested over A$41.8 billion in infrastructure with the most recent budget commitment of A$18.2 billion. The Queensland Government is continuously upgrading hard infrastructure (transport, energy and water) while also supporting soft infrastructure development (telecommunications, innovation, research and development), the key to growing a knowledge-based economy.
According to Invest Queensland:
Demographic Trends: Queensland is projected to experience the largest percentage increase in population between 30 June 2007 and 2056, more than doubling the 2007 population of 4.2 million to 8.7 million people by 2056. As a result Queensland is projected to replace Victoria as Australia's second most populous state in 2050.
Falling business confidence hampers Queensland economy: A new report says business confidence has fallen sharply in the June quarter, although Queensland has come out slightly better than the rest of Australia.
For current investment opportunities in Australia, please click here : http://investinaustralia.com/current-opportunities
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