The Queensland Government recently released the economic recovery plan that’s designed to help the Queensland economy get back on its feet after a hectic start to 2020.
The plan is based on consultations with businesses, industry, regional and community stakeholders and covers health, job creation and working together. It’s designed to bring recovery initiatives into the forefront to keep the economy moving – and there are two stages to the process.
Stage One includes:
- $50 billion Infrastructure Guarantee that will deliver projects until 2023 (we’ll discuss this in detail in the next article)
- $400 million Accelerated Works Program that includes a substantial capital and maintenance roads program.
- $200 million Works for Queensland COVID Recovery Package to support local jobs in infrastructure
It also includes a substantial amount to improve the resilience of homes in North and Central Queensland; over $50 million for the tourism industry; small business grants; $50 million for the manufacturing industry (particularly health and biomedical); and money towards the CopperStrong project in the North West.
Stage Two includes:
- Over $250 million for construction projects – which we’ll discuss more in the next article.
- $10+ million for agribusiness and the food industry, for digital transformation, trade relationships and explore diversification
- A further $20+ million for tourism, including national parks upgrades
- $20+ million for mining and energy
- $20+ million for arts, live music, festivals, and venues assistance
- Up to $100 million in small business grants
$23.16 million taxi support package