{"id":266690,"date":"2020-07-23T13:31:08","date_gmt":"2020-07-23T03:31:08","guid":{"rendered":"https:\/\/southburnett.com.au\/news2\/?p=266690"},"modified":"2020-07-23T13:31:08","modified_gmt":"2020-07-23T03:31:08","slug":"trc-backs-economic-driver","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2020\/07\/23\/trc-backs-economic-driver\/","title":{"rendered":"TRC Backs Economic Driver"},"content":{"rendered":"<figure id=\"attachment_35620\" aria-describedby=\"caption-attachment-35620\" style=\"width: 200px\" class=\"wp-caption alignright\"><a href=\"https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2013\/06\/paul-antonio-200.jpg\"><img loading=\"lazy\" class=\"size-full wp-image-35620\" src=\"https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2013\/06\/paul-antonio-200.jpg\" alt=\"Paul Antonio\" width=\"200\" height=\"350\" srcset=\"https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2013\/06\/paul-antonio-200.jpg 200w, https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2013\/06\/paul-antonio-200-171x300.jpg 171w\" sizes=\"(max-width: 200px) 100vw, 200px\" \/><\/a><figcaption id=\"caption-attachment-35620\" class=\"wp-caption-text\">Toowoomba Mayor Paul Antonio<\/figcaption><\/figure>\n<p><strong>July 23, 2020<\/strong><\/p>\n<p>Toowoomba Regional Council has committed to funding its economic development agency, Toowoomba and Surat Basin Enterprise Pty Ltd (TSBE), for a further three years.<\/p>\n<p>TSBE was set up in 2011 to act as the lead economic development agency for the Toowoomba region.<\/p>\n<p>Mayor Paul Antonio said it had proven invaluable over the past decade.<\/p>\n<p>\u201cWe first set up this organisation a few months after the devastating floods in 2011 with the entire region trying to recover from this event,\u201d Mayor Antonio said.<\/p>\n<p>\u201cWe identified the need for an economic driver for this region and setting up TSBE was our way of helping us achieve this.<\/p>\n<p>\u201cOver the past decade we\u2019ve seen the completion of the Toowoomba Bypass, a new international airport, the redevelopment of Grand Central Shopping Centre as well as a host of new innovative businesses emerging within our region. This has helped create a dynamic economic context for TSBE to operate within.<\/p>\n<p>\u201cIt\u2019s clear the faith in the Toowoomba region has grown considerably during this time and TSBE has been a major contributor to ensuring we are well-positioned throughout this journey.<\/p>\n<p>\u201cThis organisation continues to link businesses with new opportunities and is committed to helping the Toowoomba region grow.<\/p>\n<p><strong>\u201cIn addition to this, TSBE has grown and now operates beyond the Toowoomba Region, with financial investment into TSBE from the Western Downs and Maranoa councils.<\/strong><\/p>\n<p>&#8220;Strategically, this has been incredibly important as the continued growth in these areas has positive flow-on effects for our area.<\/p>\n<p>&#8220;The pandemic-induced economic downturn we are currently experiencing will seriously challenge our long run of unprecedented growth, which is why it\u2019s important we continue to invest in organisations such as TSBE.<\/p>\n<p>\u201cCommitting to continued funding will enable the on-going provision of activities that further the economic development goals and strategies of Council for the benefit of both residents and businesses.\u201d<\/p>\n<p>The\u00a0new Funding Deed &#8211; from January 1, 2021 &#8211;\u00a0provides $474,270.93 in the first year with a CPI adjustment each following year.<\/p>\n<p>Associated with the deed, is a document which specifies TRC&#8217;s expectations of TSBE\u2019s economic development activities and implementation of the Toowoomba Region Economic Development Strategy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Toowoomba Regional Council has committed to funding its economic development agency, Toowoomba and Surat Basin Enterprise Pty Ltd, for a further three years.<\/p>\n","protected":false},"author":20,"featured_media":35621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5,22,3],"tags":[1131],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.11 - 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