2021-03-09 Planning & Environment Committee Meeting Agenda

PLANNING & ENVIRONMENT COMMITTEE MEETING AGENDA                                                           9 MARCH 2021


The Hub’s Co-Lab space hosts an exciting program of events and activities. It features a creative
studio and makerspace, presentation space with grandstand and a modular classroom for
mentoring and skills development. An on-site barista and reception service (Barception) operates
from the Hub’s canteen.
“The Digital Hub vision is to help make Noosa the best community on earth for people who want
to work in the digital economy, play by the ocean and raise a family.
Our mission is to foster a digital ecosystem which attracts entrepreneurs, talent and clientele from
around the world and provides meaningful employment for thousands of residents.
We will achieve this by attracting, supporting and developing the talent that make this possible”

1.       FINANCIALS
The viability of the Digital Hub is tightly coupled to the health of Noosa’s emerging digital
ecosystem. Without a strong base of technology entrepreneurs and digital businesses, there will
be insufficient demand to sustain the Hub’s facilities and services.
The objective of the Hub is therefore to operate a commercially sustainable digital collaboration
facility whilst delivering public service outcomes that develop the digital ecosystem and assist to
meet the objectives of Council’s Local Economic Plan.
Table 1: Digital Hub financial performance for the Financial Half Year Ended December 2020




Figure 1: Graph of Overall Financial Performance
                                  Digital Hub - Half Year FY20/21
  250,000
                                               212,867   218,692

  200,000

  150,000
                        108,652
  100,000      85,947


     50,000

         0

  (50,000)

 (100,000)
                                                                                       (110,041)
 (150,000)                                                                 (126,920)
                Total Revenue                  Total Expenditure      Net Result - Surplus / (Deficit)
                                   2020/21                2020/21
                                   Half Year              Half Year
                                   Budget                 Actuals



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