Economic Report · MCU18/0019

3.2.2 Operational Phase Impacts
For annual operations, we assume that total expense is $11.96m per year.3 The
economic impacts by industry are shown in the following table. The impacts are
estimated for the Noosa and wider Sunshine Coast region. In summary, the annual
operational impacts of the proposed development is estimated to be:
•     $17.59m of total impact on Gross Regional Product, comprising:
              o $8.27m in direct economic impacts;
              o $9.33m in flow-on impacts;
•     178 full time equivalent jobs supported, comprising:
              o 105 full time equivalent jobs supported directly; and
              o 72 full time equivalent jobs supported as flow-on impacts.
As can be seen in the table, the ongoing economic impacts for the region’s
economy are diverse, with employment benefits spread across nearly all industries.
(Only mining is not impacted.) The dominant impact is in the Health Care and Social
Assistance sector, with an estimated 112 full time equivalent jobs supported
annually as a result of the project. This represents 63% of all full time equivalent
jobs supported by the project.
The remaining employment benefits are spread across other industry sectors,
generating a diverse range of employment. This is consistent with the Noosa Shire
Economic Plan’s Focus of Actions, which seeks to:
           “Encourage business growth in sectors that provide a wider range of
           employment options and pay scales” (p. 12).
The project is also able to “leverage local expertise to support the diversification of
the local economy” (p. 12) by building on the competitive advantages of Noosa in
the healthcare space.




3
    Data source: project proponent communications.



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