Toowoomba's success tapping into wealth a model case
THE region's success capitalising on the wealth of the resource sector has been presented as a case study for other areas at the Energy Club NT Back to Business industry event.
Toowoomba and Surat Basin Enterprise CEO Ali Davenport yesterday used the region's success to show how the gas industry had delivered significant benefits to local communities and businesses.
"Our region is a success story on how business communities and gas can work together,” Ms Davenport said.
The resources sector in the Darling Downs contributed more than $1.8 billion of the Gross Regional Product in the last financial year.
It generated more than 9280 full-time jobs, or eight per cent, of the total employment in the region, with flow-on benefits of a value-add of $907 million in local spending.
The wealth highlighted the need for businesses to start conversations early about how to win contracts on major projects, Ms Davenport said.
"It is important to ensure your local businesses can tap into the billions of dollars in investments,” she said.
"Building regional strength is achieved by providing employment and training, utilising and building the capability of businesses and supporting community projects.
"It is a process of developing skilled workers and improving your relationships with the communities in which you operate with a specific emphasis on local content.”
The Energy Club NT Back to Business event was held in Darwin yesterday.