Consultation opens on economic and investment strategy for north-west

New economic and investment opportunities in Queensland’s north-west have been put forward in a draft strategy released for consultation by the Palaszczuk Government.

The North West Queensland Economic Diversification Strategy is a collaborative approach with local governments, communities, businesses and other stakeholders to attract investment and strengthen supply chains to boost the region’s economy.

Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick said the measures proposed were about stabilising the north-west when mining investment and commodity prices fluctuate.

“This strategy is an action from our $39 million blueprint for Queensland’s North West Minerals Province that will provide us with a collective understanding of how we can strengthen the region’s economy,” Mr Dick said.

“The draft outlines a number of diversification initiatives to create jobs across the key economic drivers of resources, agriculture, tourism, and broader business and industry.

“The mining industry faces economic peaks and troughs, so the Palaszczuk Government wants to ensure new investment is attracted to the region to help build and sustain thriving communities.

“This consultation period lets us gather feedback from industry and the community, which will ultimately allow us to best understand and leverage the strengths and enormous potential of our state’s north-west.”

Mount Isa Mayor and member of the Stakeholder Advisory Committee Joyce McCulloch said she and council are excited to continue to build economic capacity to support remote and regional communities to thrive.

“I am looking forward to working collaboratively with the state government to finalise the strategy and develop the opportunities for the region,” Ms McCulloch said.

View the draft North West Queensland Economic Diversification Strategy.

Consultation closes Friday 26 July.

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