Economic Report · MCU18/0019

4 Conclusion

The above analysis points to the following key conclusions:
   1. The project contributes to Noosa closing the gap in the provision of aged
      care beds, which is recognized in the Noosa Shire Economic Plan as being
      below the appropriate beds-to-population ratio.
   2. The project has clear economic benefits in both direct and flow-on
      employment terms.
          a. This is the case during the initial 16 months of construction in which
              158 full time equivalent jobs across diverse sectors and roles can be
              expected to be supported.
          b. Furthermore, the economic impact modelling estimates that a further
              178 full time equivalent jobs across diverse sectors and occupations
              will be supported annually as a result of the ongoing operations of the
              proposed aged care facility.
   3. The project is consistent with the strategic aspirations articulated in the
      Noosa Shire 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 aged care, health and wellness.
   4. The project reinforces the direction articulated in the Economic Plan and
      associated Action Plan to drive industry collaboration and clustering, with the
      possibility of establishing a centre of aged care excellence in Noosa.
   5. The project contributes to the building of critical mass in the aged care
      sector that would contribute to the creation of centre of excellence and
      reinforce of Noosa as desirable destination for retirement living.
   6. The location of the project contributes to the Noosa Hospital and Central
      Queensland University Noosa Campus precinct as a locus of activity in the
      provision of aged care facilities and services, further contributing to the
      development of clustering critical mass.




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