Doing business in City of Logan has been given a huge boost with funding doubled for the popular Investment Attraction Incentive Fund.
The fund, which supports businesses to relocate to City of Logan or set up significant operations here, was exhausted in its first two years and is on track to be fully allocated again by the end of the current financial year.
The fund has attracted 15 businesses, and it is estimated will generate more than 940 new and retained jobs and add an additional $120 million to the local economy once all projects have been completed.
Logan City Council’s 2021/2022 Community and Lifestyles budget has committed to expanding the Investment Attraction Incentive Fund with increased funding to
$1 million a year.
Economic Development Chair, Deputy Mayor Jon Raven, said Council has a pivotal role to play in business attraction and retention across the city.
“The success of investment attraction means more jobs for our community,” Councillor Raven said.
“We have already seen a number of major companies set up base here in locations such as Berrinba, Crestmead and Loganholme.
“That is not only helping to boost our local economy; it has also created more opportunities for our residents to get jobs close to where they live.”
Boom sportswear brand, LSKD, is among those smart companies that have recognised the sound business opportunities available in the City of Logan.
LSKD was awarded funding from the Investment Attraction Incentive Fund in December last year and will consolidate its global operations into a new state-of-the-art $7 million 3500sq m office/warehouse in Loganholme later this year.
LSKD Chief Executive Officer Jason Daniel, a proud City of Logan resident, is excited about his new local headquarters, which will employ about 50 staff.
“Not only was it a great opportunity, but Logan is very central to everything,” Jason said.
“It’s on the highway, close to Brisbane, the Gold Coast and Ipswich and it’s a great hub to create more jobs.
“Having the business located in Logan, where I grew up and still live, is just the icing on the cake.”
LSKD has tapped the innovative services of another successful recipient of the Attraction Investment Fund in Wing to deliver its products to customers using drone technology.
Business support in the 2021/2022 Budget also includes a new City Centre Façade Improvement Fund.
The new fund will provide incentives for property owners and small businesses to enhance building façades and shopfronts – which in turn should boost trade and create more jobs.
Cr Raven said feedback had shown the community wants improved amenity and lifestyle options in city centres.
“Council is committed to ensuring that the City of Logan remains an engaging experience for residents and visitors and an attractive place for businesses to establish and grow,” he said.