The Advancing Small Business Queensland Strategy will inject new funding of $22.7 million to kickstart local small businesses – as part of a $44.5 million commitment to establish an Office of Small Business and the delivery of the Business and Industry Portal.
Building Digital Capability Grants
Grants of up to $10,000, matched by recipients, to help small businesses enter the digital economy or build their digital capability.
Grants can be used for website development, training, social media or adopting innovative new tools and technologies.
This direct funding will help give Queensland small businesses a competitive edge in a fast-moving economy.
Entrepreneurs of Tomorrow Program
The highly successful Home-Based Business Program will be expanded to help more Queensland businesses get a better start.
It provides grants of up to $5,000, matched by recipients, for new home-based start-ups.
More Queensland businesses will now be able to access the program, which was oversubscribed in its first year.
Queensland Small Business Champion
A new Queensland Small Business Champion will provide a voice for small business.
The Champion will work with all levels of Government to solve challenges and identify opportunities for small business.
The Champion will work closely with the Government’s Queensland Small Business Advisory Council and the Red Tape Reduction Advisory Council.
$40 Million Industry Attraction Fund
Queensland is open for business.
The Advance Queensland Industry Attraction Fund will help to establish or expand new and existing businesses in Queensland.
This will include attracting business investment from interstate as well as supporting local businesses to reinvest. The Fund will target priority industries such as biofutures, advanced manufacturing, defence and aerospace, Mining Equipment, Technology and Services (METS), biomedical and lifesciences, alongside areas of traditional strength such as agribusiness.
A variety of potential assistance will be available under the Industry Attraction Fund, depending on the individual circumstances of the business. Investment attraction may include: facilitation and case management from the Department of State Development, payroll tax rebates, transfer duty concessions, or in some cases, cash grants.
Eligible businesses will be able to access the Industry Attraction Fund if they can demonstrate contestability – that they have a choice of where to set-up or expand their business. Additional criteria include: a commitment to generating new employment in Queensland, a commitment to regional development, a commitment to increased innovation/technology and a commitment to global value chains.
Advanced Biofuels Pilot Plant
The Government has successfully attracted a $16 million Advanced Biofuels Pilot Plant in Gladstone, to launch Queensland’s biofutures industry.
The Palaszczuk Government has set out a vision that by 2025, Queensland will have a $1 billion sustainable and export-orientated industrial biotechnology sector attracting significant international investment and creating thousands of regional, high- value and knowledge-intensive jobs.
This vision got a boost in 2015-16 with the Government securing a $16 million Advanced Biofuels Pilot Plant to be built at Southern Oil Refining’s Yarwun plant at Gladstone.
If successful, it has the potential to be expanded to a $150 million large commercial- scale refining facility capable of producing 200 million litres of advanced biofuel annually.
Southern Oil Refining is aiming to produce 1 million litres within the next three years, for use in eld trials as part of the US Navy’s Great Green Fleet Initiative.