Business confidence the highest in six years

Business confidence the highest in six years

Increasing the number of high-value jobs to at least 100,000, ensuring 20% of all goods and services are produced for export, progressively raising household income levels to above the State average and almost tripling the regional economy to $33 billion by 2033.

Sounds like a big ask, but Council is on track to deliver those goals thanks to the Regional Economic Development Strategy – a 20-year blue-print which provides a clear agenda for our economy, but with outcomes for our community.

It’s all about shaping our future.

I was elected on a platform of getting the balance right between protecting our wonderful lifestyle and important environmental assets while encouraging new investment and employment options.

We need to transform the economy and remove the region from a cycle of boom and bust because of our reliance on the retail, tourism and construction industries.

Those industries are extremely important and we need a diverse economy to complement them.

To do that, we must convert our economy from one that’s been driven by consumption to one that’s been driven by demand. I want people to come here because they can get a job, rather than it’s just a great place to live – and now I need a job to stay here.

Last month, I was pleased to unveil plans which will help support my vision to triple the Sunshine Coast economy to $33 billion by 2033.

I was also pleased and encouraged by the results of a recent survey, which show business confidence on the Sunshine Coast has risen to its highest level since 2009.

More than half the businesses surveyed expect an increase in profitability over the first half of 2015 and 53% reported their business had performed stronger over the past six months compared to the previous survey period.

Now in its sixth year, the Sunshine Coast business confidence survey, supported by Sunshine Coast Council, regularly attracts hundreds of business respondents to its biannual survey and is regarded as an important barometer for business conditions across the region.

The survey results continue a trend of optimism returning to the local business community and show Council is on track to attaining a sustainable economy, creating jobs – especially for our young people – and encouraging them to stay here.

To put it into perspective, the latest survey figures showed:

  • 56 per cent of businesses expected an increase in profitability over the first half of 2015
  • 33 per cent of businesses expected an increase in staffing levels during the first half of 2015; and
  • 30 per cent of businesses expected an increase in capital investment in the first half of 2015

These results are especially promising for small to medium businesses which will be able to take advantage of sustained growth.

Building a stronger, more resilient community forms the basis of every decision this council makes.

We are well on our way to becoming Australia’s most sustainable region.

You can check out the results for yourself at www.boardroombusiness.com.au

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