TRC modifies, extends Township Economic Incentives policy

Toowoomba Regional Council (TRC) today approved changes and an extension to a policy that is designed to offer incentives for establishing retirement and residential care facilities, among other developments, across the region.

Toowoomba Regional Council (TRC) today approved changes and an extension to a policy that is designed to offer incentives for establishing retirement and residential care facilities, among other developments, across the region.

Council’s November Ordinary Meeting today approved an Economic Development Committee recommendation offering greater clarity around the type of residential facilities that are eligible for Council discounts under the Temporary Economic Development Incentives for District Townships policy.

TRC Economic Development Committee chair Mayor Paul Antonio said the minor changes would ensure the policy continued to offer an incentive to boost growth across the region’s towns and rural areas.

Mayor Antonio said Council had reviewed the policy to ensure it explicitly listed long-term accommodation, particularly retirement accommodation as well as residential care facilities, being eligible for consideration for a reduction in infrastructure charges.

“Council has decided to extend the policy by one year to June 30, 2019,” Mayor Antonio said.

“Council will offer up to $1 million per financial year for the incentives program in a bid to drive development of long-term accommodation facilities and other eligible development across the region.

“It is especially designed to encourage this type of development in the region’s towns and rural areas.

“Health services are not only the largest employer across the entire region, but often a major, if not the leading employer in our towns.

“Council feels it is timely and appropriate to extend these incentives to help people stay in their home districts where possible.

“There has been strong growth in residential care services and social assistance services across the region in recent years and Council is keen to see a greater uptake of this incentive policy to meet this demand.”

The policy also includes a discount for residential, industry and business development in the region’s towns and rural areas.

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