Gold Coast-based manufacturer Fast Proof Press will introduce high-speed printing technology and employ eight new workers thanks to $1,785,173 in funding from the Palaszczuk Government.
Minister for Manufacturing Cameron Dick said the new equipment will allow Fast Proof Press to expand their service offering and grow their business.
"Leveraging MiQ funding, Fast Proof Press will introduce a high-speed industrial inkjet printer with binding and finishing capabilities that is expected to create eight new jobs over five years," Mr Dick said.
"The machine is at the forefront of printing technology worldwide and will increase productivity and reduce waste while having the flexibility to accommodate both large-scale and shorter print runs.
"A higher printing output will enable the company to compete with Asia's print market.
"Our government's $46 million Made in Queensland (MiQ) grants program is a proven job-generating initiative, delivering positive outcomes for great small businesses like Fast Proof Press."
Fast Proof Press CEO Matthew Whitton said the new equipment will help future-proof the company, which has been operating for 40 years.
"Using the latest in printing technology benefits our customers, our business and our future workforce," Mr Whitton said.
"This new printer will ensure our trainees are skilled in state-of-the-art machinery and ready to deliver high-quality products for years to come."
Mr Dick said MiQ is helping local manufacturers expand, upskill and employ.
"Since 2017 the Palaszczuk Government has supported around 75 projects across Queensland through MiQ," he said.
"The grants, which are matched by the manufacturers, will help create more than 930 new jobs over the next five years and are expected to generate approximately $92 million in private sector investment."
Shortlisted applicants for MiQ Round 3 will be invited to submit detailed applications in November.
MiQ complements the Queensland Advanced Manufacturing 10-Year Roadmap and Action Plan. To learn more visit the Made in Queensland webpage.
