Appendix G Economic Study - 14-16 Mary Street, Noosaville - Bounce Hostels 15.6.2018

4 Conclusion

The above analysis points to the following key conclusions:
1. The project contributes to Noosa’s ongoing strategic development of the tourism
   sector as a key priority area.
2. The project has clear economic benefits in both direct and flow-on employment
   terms.
   1. This is the case during the initial 8 months of construction during which 44 full
       time equivalent jobs across diverse sector and roles can be expected to be
       supported.
   2. Furthermore, the economic impact modelling estimates that a further 11 full
       time equivalent jobs across diverse sectors and occupations will be supported
       as a result of the ongoing operations of the proposed aged care facility.
3. The project is consistent with the strategic aspirations articled in the Noosa Shire
   Local Economic Plan, to diversify Noosa’s economic base by supporting the
   development of smart industries that leverage off the region’s competitive
   advantages in sectors like tourism.
4. The project contributes to the ongoing reinforcement of Noosa’s brand positioning
   in the area of tourism, and its general attractiveness as a tourism destination for a
   diverse cross-section of domestic and international visitors in accordance with the
   region’s Tourism Strategy.




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