Providing an incentive to do business in the CBD

Businesses are being encouraged to apply for the Temporary Toowoomba CBD Development Incentives Policy

Transformation of the Toowoomba CBD continues, with Toowoomba Regional Council (TRC) providing opportunities to stimulate sustainable growth, diversity and value to the local economy.

Over the past couple years TRC Chair of Planning and Development Councillor Chris Tait said Council had completed a number of projects to attract investment in the CBD such as the Kwong Sang Walkway.

“We’re committed to further encouragement and provision of opportunities for the growth of businesses within the CBD. For example, TRC will soon begin work on another walkway in Margaret Street, which will make the area more open and attractive for customers looking to shop in the heart of the city,” he said.

“In addition to this we have a Temporary Toowoomba CBD Development Incentives Policy in place which aims to incentivise good re-development outcomes within the regional centre.

“We are eager to attract catalytic developments which will reinforce the strength and vitality of the centre. One strategy currently in place is the incentives policy.

“So far we have had one business that was successful in receiving funding through this scheme and that development will create a number of jobs throughout the region as well as add to the vibrancy of the city.

“We would now like to see more businesses take advantage of this scheme and are in the process of reviewing the policy, including a review of the current incentive area covered by the policy.”

In total, Toowoomba Regional Council has set aside $3 million for the Temporary Toowoomba CBD Development Incentives Policy.

To receive an incentive under this policy, businesses must make a complete application to Council using the Incentives Policy Final Request Form and meet certain criteria aimed at achieving a number of specified land use and economic development outcomes.

For more information on the Temporary Toowoomba CBD Development Incentives Policy visit www.tr.qld.gov.au/policies or contact Council on 131 872.

Last Updated: Thursday, 08 November 2018 14:33
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