Economic Report · MCU18/0019

•     The development of specialization and competitive advantage in the healthcare
      and wellness sector, and within that the aged care sector specifically.

3.2 Estimate of Economic Impacts
Input-output analysis is one way of estimating the economic impacts of a project.
We consider two phases:
•     Construction; and
•     Operations.

3.2.1 Construction Phase Impacts
For construction, we assume that total construction cost is $18m1. The duration of
construction is estimated to be 16 months. The economic impacts by industry are
shown in the following table. In summary, the construction of the proposed
development is estimated to generate:
•     $19.3m of total impact on Gross Regional Product, comprising:
              o $5.61m in direct economic impacts;
              o $13.68m in flow-on impacts;
•     158 full time equivalent jobs supported, comprising:
              o 53 full time equivalent jobs supported directly; and
              o 105 full time equivalent jobs supported as flow-on impacts.
The flow-on economic impacts are expectedly diverse, impacting on just about all
sectors in the Noosa and the wider Sunshine Coast 2 economy. Aside from the
construction sector, the three sectors that can be expected to benefit the most from
an employment point of view are:
•     Retail trade;
•     Manufacturing; and
•     Professional, Scientific and Technical Services.
What this points to is how construction activity itself contributes to the
diversification of the region’s economy, in line with the objectives of the Noosa Shire
Economic Plan; and in particular, we can see that two sectors in which there are
medium to high skills occupations (manufacturing and professional, scientific and
technical services) are set to support ongoing employment as a result of the
construction of the proposed facility.




1
    Data source: project proponent communications.
2
  The model estimates the impacts for the Sunshine Coast region as a whole. We can expect that the localised
impacts in specific parts of the Coast will reflect the industry and employment composition of each region.



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