To discuss your eligibility to access financial assistance and the timeframes involved please contact City of Gold Coast. Once deemed eligible, the calculation of financial assistance is based upon the first two years of the new operation within City of Gold Coast and takes into consideration:
- capital investment – level of incentive is based upon a minimum investment of $1 million in areas such as land and/or building acquisition, construction costs, fitout and equipment required; does not take into consideration leases, IP, holding stock, acquisition of an existing business and equipment that is to be relocated from an alternative location
- full time job creation – level of incentive is based upon the number of full time direct employees earning over $50,000 base salary per annum:
- higher incentives apply for employees earning over $80,000 base salary per annum
- these must be full time employees (not full time equivalents or temporary positions) of the business
- it will not take into consideration contract workers, contractors, consultants and existing full time employees that are relocating from neighbouring Council jurisdictions including Logan, Scenic Rim, Redland and Tweed Shire
- research and development – level of incentive is based upon a minimum spend of $250,000 per annum on research and development activities; an additional criteria applies for companies wishing to access incentives under this category, please discuss with City of Gold Coast to determine your eligibility.
Final approval will be at the discretion of City of Gold Coast. All financial assistance offers are conditional and subject to contractual obligations in achieving agreed milestones and reporting requirements.