How Brisbane backs its business
Behind every successful business is a city that has its back.
Brisbane is a business-friendly environment, with a positive outlook and a thriving economy that is set to grow to $217 billion by 2031. With high levels of investment in infrastructure projects, strong population growth and exceptional industry strengths – it makes Brisbane the ideal destination for investment and business development.
Brisbane is on an unstoppable trajectory, and each quarter it continues to enhance its status as one of the fastest growing regions in Australia. Brisbane is the main engine of economic growth for South East Queensland and the most significant economy in Queensland. Cranes are set to dominate Brisbane’s skyline for years to come – and that’s great news for investors and businesses of all stages and sizes looking to make their mark and grow as part of this exciting trajectory to 2032.
As the largest city council in Australia, Brisbane City Council (BCC) is committed to creating new and innovate jobs and opportunities for Brisbane with ambition to become Australia’s most business-friendly local government. BCC will continue to back business to provide an environment where Brisbane’s businesses can thrive and continue to provide local goods and services across our city. It also recognises the importance of the city centre as a key retail and entertainment precinct that is vital for our business economy and lifestyle too.
Our city understands that business is the backbone of our economy. Through the work of Brisbane Economic Development Agency (BEDA), Brisbane throws its support behind its businesses through training and development programs, the opportunity to be recognised through a business award program, information relevant to various stages of business growth, and access to forums and programs that facilitate networking and business connections, both domestically and on the global stage.
Here are some of the ways Brisbane backs its businesses.
Brisbane Business Hub
Brisbane Business Hub, in partnership with industry leaders, supports local businesses to transform and grow through focused one-to-one mentoring, workshops, networking opportunities, seminars, industry-specific panel discussions, and access to some of Brisbane’s most recognised inspirational leaders and key business experts. The Hub is a physical and digital space that is a one-stop-shop for collaboration, engagement, and businesses innovation.
As a free service available to all Brisbane businesses, activities include:
- personalised one-to-one business mentoring,
- targeted workshops to build business capability and resilience,
- diverse panels for topical business discussion,
- keynote inspirational leaders,
- meeting and networking space,
- online learning resources,
- access to short courses.
Industry Growth Programs
With skilled workers, a business-friendly climate, suitable and affordable business accommodation, market access, a $15 billion infrastructure pipeline, growing innovation hubs, cutting-edge medical and scientific institutes, and a safe, accessible and liveable quality of life supported by Brisbane and South East Queensland – the city offers opportunities spanning a diverse range of industries.
Brisbane EDA delivers programs to support the city’s key industry sectors:
- to scale, grow, and to increase employment opportunities for long-term sustainable economic impact,
- to focus on priority industries and trade opportunities that position Brisbane as a destination for industry growth and innovation,
- to assist local companies to trade with and export to markets outside of Brisbane,
- to attract companies to re-shore manufacturing in Brisbane,
- to retain businesses and jobs within Brisbane,
- to attract new business and investment to Brisbane.
From traditionally strong sectors like construction, manufacturing and logistics to burgeoning industries taking advantage of the city’s geographic location and population growth, such as food manufacturing and property technology (PropTech), Brisbane is an attractive national and international launchpad for business growth.
In collaboration with sector priorities, Brisbane EDA’s initiatives focus on innovation, capability and export opportunities for industries where Brisbane demonstrates a competitive advantage, for example:
- Future Food Initiative: Brisbane is at the centre of a 360-degree food bowl, home to the latest food technology and innovation research, and is perfectly placed to cater to the growing demands of the Asia Pacific market. To leverage this position, the Future Food Initiative delivers a series of intensive programs, workshops, and market interface opportunities designed to nurture and support Brisbane’s local talent.
- PropTech Initiative: A $15 billion infrastructure boom, unprecedented population growth and a positive long-term economic outlook have driven demand for a range of property sectors and propelled Brisbane’s fast-growing PropTech ecosystem to reshape the future of Brisbane’s built environment. The PropTech Initiative has been established to attract significant capital to support Brisbane’s technology cluster associated with the property and construction industries with capacity building, industry facilitation, mentorship, and business development strategies to expand this rapidly growing PropTech sector.
To find out more visit choosebrisbane.com.au/do-business.
City Centre Activation
Brisbane City Council, through BEDA, is focused on ensuring our city centre remains an economic asset - a vibrant centre of activity, energy, entertainment, and increasing cultural opportunities.
The city centre covers less than one percent of the surface area of the Brisbane Local Government Area, contains four percent of Brisbane's population and yet accounts for approximately 30% of metropolitan Brisbane's gross regional product, 30% of employment and 17% of all businesses. It's home to the Queen Street Mall - Queensland's premier retail destination and activation of the space has increased to more than 1,000 events across the past financial year, attracting 26 million visitors a year.
By activating Brisbane's key retail and entertainment precincts such as the city centre and immediate surrounds, the city can attract significant numbers of visitors and residents, and in turn, drive and deliver economic benefits for the wider region.
Lord Mayor’s Business Awards
Brisbane is becoming increasingly recognised as an enterprising and energised city, with an ideal environment for fostering economic development and nurturing innovation.
To recognise the outstanding achievements and integral contributions that businesses and individuals make to Brisbane’s economic and social fabric, the city hosts a long-standing and prestigious annual business awards program called the Lord Mayor’s Business Awards (LMBA).
The LMBA are an opportunity to showcase the number of businesses across a diverse range of categories that are succeeding not just in Brisbane but on a global scale.
The LMBA attract high-calibre entries across organisations of various sizes and from a wide variety of industry sectors and provide a moment in time each year that the city can celebrate how its businesses are capitalising on the vast opportunities that Brisbane presents.
The awards draw out Brisbane’s hidden, and not so hidden busines gems, and recognition as an award finalist or category winner opens doors to valuable industry networking and ongoing promotional opportunities.
To find out more visit choosebrisbane.com.au/corporate/lmba.