Date Time
Increased development opportunities for local business and investors
Rockhampton Regional Council through Advance Rockhampton has upped the ante when it comes to creating investment opportunities for new investors and for local businesses looking to expand. The new development incentive complements the other development incentives currently offered in targeted industries.
Last month, Council expanded the current Development Incentives Policy to include multiple residential unit developments in specific areas near the CBD (diagram attached). The policy also extends the current incentives policy for investment in tourism, health, resources, education, aged care and retirement investment sectors.
Rockhampton Region Acting Mayor Neil Fisher said these development incentives have played an important part in stimulating the Rockhampton Region’s economy over the past seven years.
Developers now have three years to commence work on projects and multiple dwelling developers will have further incentive to build in the Rockhampton CBD area after an improved Development and Incentives Policy came into effect on January 1.
The policy change comes as Advance Rockhampton moves to develop a new Economic Development Plan for the region this year.
In the Rockhampton Regional Council Ordinary Meeting on December 8, it was moved to approve the new policy to apply through to December 31, 2021, ahead of the previous policy expiring on December 31, 2020.
This policy had been in place since May 15, 2018.
The policy provided for a concession of up to 75 per cent of infrastructure charges and