Toowoomba & Surat Basin Enterprise Energy and Infrastructure General Manager Lance MacManus outlines why more big businesses are making the move to Toowoomba.
As the third most diverse economy in Australia, Toowoomba's broad spectrum of economic sectors means investors and businesses can reach their long term financial goals and minimise risk.
The city is perfectly positioned for long-term prosperity, especially with large projects supporting logistics infrastructure including the Toowoomba Second Range Crossing, Toowoomba Wellcamp Airport and the upcoming Inland Rail.
With all this infrastructure, there has never been a better time for developers interested in relocation to Toowoomba to gain benefits from these projects.
The region has seen increased interest from business such as the Seaways Group, Mainfreight, and Qantas keen to take advantage of these opportunities.
TSBE has fielded and supported numerous business cases from national and international companies investigating the competitive advantage our region brings.
Economic benefits of choosing Toowoomba - At a glance:
The Seaway Group has brought its knowledge and expertise of regional rail and logistics to Toowoomba and provide solutions for customers in the Darling Downs and other areas of Western Queensland.
This is a long term project for the company and they believe in the success of the region.
Seaway’s COO, Paul Szumowski stated that Toowoomba is not a new location to the Group, and this development will create over 50 jobs for the local community, but just as importantly provide exporters and importers with a more efficient mode of transport to access their overseas markets.
Toowoomba has strong strategic advantages for businesses, in terms of development costs, land acquisition costs, outgoings and transport operational costs.
The Inland Rail is one of the major upcoming infrastructure projects for Toowoomba. Source: TSBE
There is also plentiful green-field industrial land and a position as a trade gateway for the region.
Businesses are able to capitalise on a range of freight options from the region to connect nationally and internationally.
The Toowoomba Wellcamp Airport offers carriers options to connect to international markets on the weekly Cathay Pacific cargo flight direct to Hong Kong.
Recently, Toowoomba based, international precision manufacturing company, RME utilised this flight to transport 35 tonnes of specialised mining equipment direct to New Mexico via Hong Kong.
The ability to utilise Queensland’s only wide body aircraft, suited for oversized equipment, ensures direct transport efficiency and also construction timesaving.
Toowoomba based business, Trackspares, is an international spare parts distributor for large mining and agricultural equipment servicing International clients from Toowoomba.
They were able to take advantage of this new logistical infrastructure and cost efficiency when they chartered a private cargo plane to transport specialised undercarriage equipment direct to clients in record turnaround times.
Establishing a business presence in Toowoomba makes financial sense with the rare and strong strategic location and the converging of road, rail and air transport.
This advantage will grow, as large projects like Inland Rail are completed in the coming years.
Businesses which relocate to Toowoomba will not only save on the cost of land, but they will also be strategically located to service industry to the west, whilst also accessing trade routes to the east.
Click here to visit the Toowoomba & Surat Basin Enterprise website.
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