townsville regional investment prospectus - Townsville Enterprise

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4 Economics Diversity is Key With a strong vision for the future, diversity and balance underpin the economy of the Townsville Region. No single sector contributes more than 17.6% to the Region, ensuring economic stability. Gross Regional Product The Townsville Region contributes $13.37 billion in Gross Regional Product (GRP) to the local economy. Key contributors to the Region’s Gross Regional Product are public administration including defence ($2.1b), manufacturing ($1.3b), real estate ($1.4b), mining ($892m) and construction ($834m). GROSS REGIONAL PRODUCT 2010/11 Source: REMPLAN Public Administration & Safety 17.6% Rental, Hiring & Real Estate Services 11.2% Manufacturing 10.5% Mining 7.2% Construction 6.7% Health Care & Social Assistance 6.2% Financial & Insurance Services 5.3% Transport, Postal & Warehousing 5.2% Education & Training 4.7% Retail Trade 4.3% Wholesale Trade 3.7% Professional, Scientific & Technical Services 3.3% Electricity, Gas, Water & Waste Services 3.0% Agriculture, Forestry & Fishing 2.6% Accommodation & Food Services 2.4% Information Media & Telecommunications 2.3% Administrative & Support Services 1.8% Other Services 1.4% Arts & Recreation Services 0.6% Population Trends With over $54 billion worth of projects currently in the Region’s development pipeline, many people are relocating to Townsville for the employment opportunities and this is reflected in population projections. The population within the Region is projected to increase by an average annual growth rate of 1.9% over the 20 year period 2011 to 2031. By the year 2031, it is estimated that the population will be 346,262, accounting for 5.3% of Queensland’s total population. Image: Cameron Laird
Employment Local industry provides 104,575 jobs to the Townsville Region. The main employment providers are retail trade, health care and social assistance, public administration and safety, manufacturing, education and training and construction. Source: REMPLAN EMPLOYMENT % 2012 Retail Trade 11.79% Health Care & Social Assistance 11.71% Public Administration & Safety 11.53% Manufacturing 9.32% Education & Training 9.06% Construction 7.64% Accommodation & Food Services 6.86% Transport, Postal & Warehousing 4.79% Professional, Scientific & Technical Services 4.73% Agriculture, Forestry & Fishing 4.15% Other Services 3.76% Wholesale Trade 3.10% Administrative & Support Services 2.40% Financial & Insurance Services 1.93% Rental, Hiring & Real Estate Services 1.78% Mining 1.58% Information Media & Telecommunications 1.55% Electricity, Gas, Water & Waste Services 1.50% Arts & Recreation Services 1.17% Labour Force The local labour market provides access to a highly skilled and stable workforce which is critical for business success. A range of local education, trade and apprenticeship opportunities is in place, providing people with the contemporary skills required to progress the Region. The workforce breakdown is in excess of 16% technicians and trade workers, 15% managers, over 14% clerical and administrative and over 14% professionals. 5
Page 1 and 2: TOWNSVILLE REGIONAL INVESTMENT PROS
Page 3 and 4: Townsville Enterprise is the leadin
Page 5: Competitive Advantages Strategic Po
Page 9 and 10: Construction Construction is a majo
Page 11 and 12: Industrial, Commercial and Resident
Page 13 and 14: Research James Cook University (JCU
Page 15 and 16: Tec-NQ Tec-NQ is an independent non
Page 17 and 18: Cleveland Bay TOWNSVILLE STATE DEVE
Page 19 and 20: Emerging Industries Emerging Energy
Page 21 and 22: Townsville Known as the Second Capi
Page 23 and 24: Burdekin The Burdekin Shire, just 9
Page 25 and 26: Hinchinbrook The scenic Hinchinbroo
Page 27 and 28: NPS CORPORATE NPS Corporate is a lo
Page 29 and 30: PORT OF TOWNSVILLE The Port of Town
Page 31 and 32: BCK LAWYERS Boulton Cleary & Kern L

townsville regional investment prospectus - Townsville Enterprise

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