Blog

August 01, 2017

Winners and losers of Rocky's new $1b industry

A KEY economic assessment of the Australia-Singapore military training initiative has revealed the massive benefits the Rockhampton region is set to reap.

The KPMG study, released this week, found the initiative would result in around $2b invested in Queensland, with half of that in the Fitzroy area.

Here are 7 major findings from the report:

1. Jobs, jobs, jobs

This initiative would create up to 219 jobs for the Fitzroy region during the development phase and support up to 68 new jobs when the facilities are up and running.

2. Economic investment

The initiative is estimated to provide an annual income boost to the Fitzroy region of up to $15.9m per year during the development phase and an ongoing benefit of up to $7.3m a year once the facilities are operational.

Read here: https://www.themorningbulletin.com.au/news/revealed-winners-and-losers-of-rockys-new-1b-indus/3200547/?ref=hs