2017-12-18 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA   18 DECEMBER 2017




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GENERAL COMMITTEE MEETING AGENDA                                                           18 DECEMBER 2017

           Resources

           Noosa Council's Economic Development Manager is responsible for facilitation of the Peregian
           Beach Digital Hub with support from a newly appointed Digital Hub Co-ordinator.
           A commercial real estate management services provider to be appointed to support the contract
           management and tenancy process.
           Noosa Council’s Property Services team provide building management support.
           2017/18 Budget
           Costs associated with the recommended Council facilitated management model for the
           establishment phase of the Digital Hub can be funded from the existing 2017/18 Economic
           Development budget. Funding of $50,000 is estimated for the remainder of this financial year for
           the engagement of a resource for a 2-year period to facilitate the tenanting and establishment of
           the digital hub (with $15,000 specifically allocated to the establishment of the Digital Hub project
           and the remaining $35,000 funded from the capacity building and industry development activity
           category).
           BR3 & 2018/19 Budget
           Following the outcomes of the Tenancy EOI process planned for February & March 2018 the
           financial model can be updated to reflect more accurate revenue projections to allow further budget
           adjustments to be considered in the next budget review (BR3) and to inform the development of
           the 2018/19 budget.

           Monitoring and Review - Key Performance Indicators and Targets
           (DRAFT)
           The following draft KPI’s have been developed and will be used as part of the ongoing monitoring
           and formal review of the management model for the Hub. These will continue to be refined,
           amended and updated as the Hub and management arrangements evolve.
           Formal review and evaluation of the Council facilitated management model for the establishment
           phase of the Digital Hub will occur after 18 months of its operation.
            Indicator                Measure                              Target Yr1   Target Yr2-3  Target Annual
                                                                                        (each year)     Ongoing
            Business growth          Growth in estimated Gross Regional      2%            3%             5%
                                     Product value of Digital Hub Tenants
            Business Graduations     Number of businesses accelerating        0             2              2
                                     out of the Digital Hub (incl. Co-work)
            Employee growth          Growth in number of employees           iS             6             10
                                     connected to Digital Hub Tenants
            Capacity Building        Number of internal professional          5             8             10
                                     development activities
            Start-up & Accelerator   Number of programs delivered             2             4              8
            Programs
                                     Number of attendees                     200           400            500

            Investment — regional    Value of investment attracted via      $50K          $100K          $150k
                                     grants or private partnerships
            Investment — business    Value of direct business investment   $150K          $200k          $250k
                                     from grants or private investors
           Notes: Based on market intelligence and industry benchmarking.

           Peregian Beach Digital Hub Establishment Phase Implementation Plan                      Page 4

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