The City's drive to create new opportunities and attract investment for the Gold Coast will continue in partnership with specialist controlled entities in 2025-26.
The City has budgeted $87 million to support its controlled and funded entities this financial year to help strengthen the local economy and back local businesses.
The controlled entities include Invest Gold Coast, Brand Gold Coast and Experience Gold Coast.
"With the largest economy of any Australian non-capital city with a gross regional product (GRP) of $49.5 billion, the City is well positioned to fund future investment into visitor economy, business and place branding," Mayor Tom Tate said.
"These entities are assisting the City by efficiently seeking and assessing opportunities that will aid in the future growth of our local economy."
The City has also established a Nature Based Tourism program to help bolster the growing sector on the Gold Coast.
"We are one of the most ecologically diverse cities in Australia and our new nature-based tourism program is part of the City's ongoing commitment to preserve our rich natural heritage.
"With research showing that 20% of travellers seek travel experiences where the natural environment is front and centre, this program is a great initiative for our city," Mayor Tate added.
"We want businesses to help us protect and celebrate our 'green behind the gold' to enhance tourism while showcasing our unique natural environment."
The City will continue to support our more than 85,000 businesses in priority sectors including health and wellbeing, tourism, sport and major events, building future industries, screen and game production, the knowledge economy and education and future skills.
EVENTS AND ECONOMY:
- Controlled and funded entities – $87 million
- Public space activation – $8 million
- Community events – $6 million
- Investment facilitations and partnerships – $4 million
- Arts and cultural development – $2 million
