Appendix F- Economic Impact Assessment · MCU23/0078

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                      Approximately another 700 indirect FTE jobs would be created in the wider economy
                      during the 18-month construction period, a share of which would be retained locally
                      through supply contracts, expenditures and wages, etc.

Table 13—             Item                                                                                                                Measure
Construction          Estimated construction cost                                                                                           $145m
employment – VMU
                      Labour component                                                                                                         25%
precinct
                      Labour cost                                                                                                            $36m
Source: Deep End      Average construction wage (FTE)                                                                                     $95,000
Services; Stockwell   Direct employment (FTE – total job years)                                                                                380
                      Indirect employment (FTE – job years)                                                                                    700
                      Construction period (yrs)                                                                                                 1.5
                      Direct employment (FTE – jobs per year)                                                                                  255


                      Ongoing effects

                      Ongoing impacts from development of Noosa Civic Village would include the creation of
                      employment through additional economic activity, as well as other effects that are less
                      easy to measure, such as added choice and convenience for local shoppers, improved
                      housing diversity and affordability, and improved commute times to access jobs.

                      Employment
                      Estimates of employment generation associated with the proposed uses are presented in
                      Table 14, based on applying broad staffing benchmarks for each use, each of which is
                      based on employment to floorspace ratios or other measures drawn from experience
                      with facility developers.
                      The analysis shows that development of Noosa Civic Village would generate
                      approximately 525 employment positions within the site, equivalent to nearly 400 full-
                      time equivalent (FTE) jobs once the use of causal and part-time positions is considered.
                      Another 600 or so jobs would be generated indirectly through production linkages and
                      consumption of wages income, much of which would be likely to involve local
                      employment generation within Noosa Shire.

                      Overall, around 1,000 FTE jobs would be generated as a result of the proposed
                      development, adding significantly to the local workforce within the NBC.

Table 14—NBC          Precinct/use                                       Positions        Direct FTE jobs       Indirect FTE jobs       Total jobs
Masterplan ongoing      Supermarket                                            130                     100                   125               225
employment
                        Other shops                                            235                     165                   205               370
                      Total retail                                             365                     265                   330               595
Source: Stockwell;
Deep End Services;    Entertainment (cinema, arcade)                             45                     25                    35                 60
ABS                   Business premises                                        110                     100                   235               335
                      Residential                                                 5                      5                    10                 15
                      Total Noosa Civic Village                                525                     395                   610             1,000




                      Noosa Village Mixed Use Development – Economic Impact Statement for Development Application                   Deep End Services