Investment Attraction

A program to support and encourage new business investment to the city.

Overview

The Investment Attraction Program was established by the City of Gold Coast to assist businesses to invest or set up on the Gold Coast.

The program incorporates a suite of services to facilitate investment or business relocation or expansion to the Gold Coast.

Objective

The Investment Attraction Program aims to assist companies wanting to relocate or expand to the Gold Coast from export focused and knowledge-based industry sectors.

Program Services

Financial assistance – this may be available to influence the location of strategic projects and the attraction of leading companies.
Itinerary development – full support is available to companies investigating opportunities within the city, including itinerary development and on the ground support.
Streamlined development applications – in certain cases, streamlined development applications and fast-tracked approvals subject to IDAS requirements are available. City of Gold Coast has a dedicated team that will ensure your development application is handled with the highest priority.
Business case– a tailored package of comparative information from our in-house research team will assist with your business case preparation.
Site selection – the provision of potential site options and the facilitation of site visits allows you to explore the multiple commercial, industrial, co-working and serviced office opportunities available.
Introductions – we would be pleased to facilitate introductions with our local industry networks, suppliers, service providers and supply chain contacts.
Government facilitation – we can assist with full Government support by facilitating meetings with both Federal and State Government.
Workforce development – we can make your transition to the Gold Coast as smooth as possible by connecting you with our network of over 300 education and training providers to assist with required skills and capabilities for your operation.
Ongoing support – business development support is available to businesses once you have located on the Gold Coast through the economic development branch. This includes export assistance, international trade and digital enterprise programs as well as facilitated access to State and Federal Government programs.

Funding

All financial assistance offers are conditional and will be in the form of establishment grants and subject to contractual obligations in achieving milestones and reporting requirements.

Grants will be allocated on a case-by-case basis. Amounts to be funded will be determined upon the project put forward.

Eligibility

For companies interested in accessing financial assistance under our program the following eligibility criteria will apply:

the applicant must have a successful and proven track record and the capability (technical, managerial and financial) to carry out the activity proposed
the applicant must have been operating profitably for at least the past two years
the applicant company must provide significant net economic benefits to the city that will result in the creation of sustainable jobs for the city’s workforce
the applicant must have, or can obtain, an Australian Business Number (ABN)
the applicant must not be a Gold Coast registered business unless it can be demonstrated that the business is implementing a new business stream or activity resulting in significant ongoing economic impact (all eligibility and assessment criteria must still be met)
the proposed activity must be commercially viable in the absence of any financial assistance that may be provided by City of Gold Coast
the proposed activity must not cause significant detriment to, and/or be a substitute for, existing businesses located within the Gold Coast City
the proposed activity must not have been committed to or commenced within the Gold Coast City prior to applying for our program
the proposed activity must be contestable with other cities, states or countries the proposed activity must not compromise national and international obligations for Queensland and Australia.

Once deemed eligible, the calculation of financial assistance is based upon the first two years of the new operation within the City of Gold Coast and takes into consideration capital investment, full time job creation, and research and development.

Timing

Application is open on an ongoing basis.

More Information

Source

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