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ABN – Australian Business News: Queensland Budget

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Queensland Budget

The Queensland state government is increasing its efforts to attract business to the state with a $40 million boost in the state budget for the Advance Queensland Industry Attraction Fund. A press statement on the state government’s website said the additional funding, being provided over two years, together with $25 million allocated since last year’s budget, brought total funding for the initiative to $105 million.

“As it stands, the fund has attracted nine projects to Queensland that will generate more than 580 jobs, and more than $260 million dollars in additional capital expenditure for the state’s economy in the next five years.”
Minister for State Development and Manufacturing Cameron Dick said the funding was helping to create jobs and build Queensland’s manufacturing industry.

“The manufacturing sector employs around 165,000 people, or 6.7 per cent of the state’s workforce, making it the state’s sixth-largest employing industry.”

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