Employment growth is expected to strengthen to 2.75% over the year to June quarter 2018, which is the strongest growth in over a decade.
Since 2015, Queensland has delivered a broad range of targeted programs to initiate small business growth and job creation. With over 153,000 new jobs shaped since January 2015, it is clear the economic plan is working.
Some of the incentives due to come into play this financial year include:
Advance Queensland – $650M
To create knowledge-based jobs of the future and build a stronger State economy.
Advancing Small Business Queensland Strategy 2016-20 – $22.7M
Through the delivery of priority grants and programs to support small businesses, Advancing Small Business Queensland Strategy aims to empower small business owners to succeed, start, grow and employ.
Skilling Queenslanders for Work – $420M
Skilling Queenslanders for Work provides skills development, nationally recognised training and job opportunities over the next six years and will benefit over 54,000 Queenslanders.
Queensland is delivering support to help grow small businesses, promote the employment of apprentices, reduce the costs of doing business and encourage innovative business ideas.
Business Development Fund – $40M
In additional funding to help turn ideas and innovations into a commercial reality, Business Development Fund enables the development of a supportable private market for venture capital Finance in Queensland.
Payroll tax – Apprentice and Trainee rebate – $26M
Apprentice and Trainee rebate delivers an extension of the 50% payroll tax rebate for apprentices and trainees to2019.
ecoBiz Program – $3.94M
An additional investment in the ecoBiz program will support small and medium businesses to become more eco-efficient and runs in partnership with Industry Queensland and the Chamber of Commerce.
Back to Work extended to 30 June 2020 – $369M
Back to Work gives Queensland employers the confidence to take on entitled unemployed jobseekers. Funding includes $20.5 million to continue the program in areas of South East Queensland with significant labour market challenges. It also delivers $155 million to offer support across regional Queensland.