Business incentives now open to medium-density residential zoned areas
Date published: 15 August 2022
Businesses in medium-density residential zoned areas will now be able to access incentives as part of Townsville City Council’s City Activation and Jobs Growth Policy.
The policy has been designed to generate investment, community activities and employment opportunities.
Planning and Development Committee chairperson Mark Molachino said the new offerings would affect businesses in medium-density residential zoned areas.
“Council has been going from strength to strength with development, despite global challenges. In 2021 alone, more than 3,800 residential and commercial building approvals with a combined value of $595 million were lodged with Council,” Cr Molachino said.
“We want to keep the momentum going, which is why Council has expanded its City Activation and Jobs Growth policy to include incentives for medium-density residential zoned areas like Aitkenvale and Thuringowa Central, which will help encourage urban infill.
“This means businesses like cafes, restaurants and shops have more reason to establish close to residential areas and provide jobs to locals and services to the area.
“When we are able to attract businesses into the city, our community is able to benefit from a stronger city, a greater influx of investment throughout Townsville and new developments for the community to enjoy.
“I would encourage investors, developers, building owners and business owners to see if they can benefit from the City Activation and Jobs Growth policy.”
Mayor Jenny Hill said the policy was built to attract investment into the city and revitalise the CBD and fringe suburbs.
“Investment into the city is critical to ensure there are employment opportunities for locals, which is why Council is proud to provide incentives to locals through its City Activation and Jobs Growth Policy,” Cr Hill said.
“The policy is designed to attract businesses into the city’s core and city fringe areas, including the CBD and surrounding Flinders St, Dean St and Palmer St areas.
“Incentives include waivers of Council charges for eligible projects, rental subsidies for eligible businesses opening in the city, and grants to support the modernising of buildings.”
For more information, visit City Activation and Jobs Growth Policy.