Townsville Industrial Development Board (TIDB)

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Commitment

Industry

 

Establish the Townsville Industrial Development Board (TIDB) to lead investment attraction, market engagement and coordinate case management for potential investors including working to secure priority industrial sites to attract freight and port-related businesses and services to Townsville’s industrial areas, including the State Development Area.

The project will enhance regional development and economic growth, deliver new jobs and skills, support trade and investment through the Port of Townsville and allow for broader industry development through enhanced supply chain opportunities.

Progress to date

During Q2 2017, the Queensland Government consulted with Townsville City Council and key regional stakeholders on the structure, membership, roles and responsibilities of the TIDB in promoting, facilitating and enabling investment in Townsville’s industrial areas.

Delivered milestones

Q2 2017 — Consulted key stakeholders on the TIDB’s structure and membership. Business case completed and funding for purchase of land in the SDA secured by Office of the Coordinator-General (Queensland).

Next steps and milestones

Next steps

The Queensland Government is in the process of confirming arrangements for the TIDB’s establishment, membership with the first meeting planned for Q1 2018. Further consideration will be given to the final role and function of the TIDB, including its role in the negotiated acquisition of land together with other measures to unlock priority industrial sites during City Deal implementation.

Next milestones

Q1 2018 — Establishment of TIDB, appointment of TIDB members and first meeting.

Responsibilities

Led by the Queensland Government in collaboration with Townsville City Council and in consultation with business and industry stakeholders.