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Welcome to TropiQ, a community dedicated to helping the world access, understand, and benefit from breakthroughs and solutions in health and tropical science.


CURRENT VALUE

(EXISTING PRECINCT)

$3.5 billion

2035 VALUE

$4.4 billion

output for local businesses

output for local businesses

including $1.4b directly

including $1.7b directly

$2.1 billion

$2.7 billion

including $1b directly

including $1.2b directly

15,760 FTE jobs

21,261 FTE jobs

including 8,443 FTE jobs directly

including 11,240 FTE jobs directly

$1.3 billion

$1.7 billion

gross regional product

(full-time equivalent)

wages and salaries paid to households including $831.5m directly

gross regional product

(full-time equivalent)

wages and salaries paid to households including $1b directly

VA L U E O F C O N S T OUTPUT FOR LOCAL BUSINESSES

$7.8 billion >> $3.5b direct

FT (FULL-TIME EQUIV


t

INCREASE FROM 2019

$900m total ($300m direct)

$600m total ($200m direct)

5,501 total (2,797 direct)

Economic Impact TropiQ is a $5.9 billion development of a tropical intelligence and health precinct in North Australia’s largest city – Townsville. The precinct is home to James Cook University, Townsville Hospital and Health Service and a range of other health, education, research and innovation enterprises (CSIRO, TechNQ, Tropical Australian Academic Health Centre). The institutions in the precinct already contribute heavily to the North Queensland economy. Combined, they contribute $3.5 billion in economic output and support nearly 16,000 jobs in Townsville. The TropiQ Tropical Intelligence and Health Precinct will attract additional investment in world-leading innovation, research and entrepreneurship. By 2035, the precinct will generate an additional $1 billion in economic output for Townsville and support an additional 5,500 FTE jobs – half of these in the TropiQ precinct and the other half throughout the city.

$400m total ($168m direct)

Construction activity in the precinct is expected to generate $7.8 billion of activity for the local economy, paying $1.8 billion in wages for more than 23,000 FTE jobs between 2020 and 2035.

TRUCTION ACTIVITY 2035

TE JOBS VALENT)

23,354 total >> 9,346 direct

WAGES AND SALARIES PAID TO HOUSEHOLDS

$1.8b total >> $702m direct


Socio-Economic Benefits The development of TropiQ will deliver a new economy to the region providing a platform for the advancement of new initiatives, knowledge creation, and innovation that benefits the local and broader regional community. The development will also expand the capacity of other businesses and organisations within the precinct, creating socio-economic benefits.

About TropiQ Our Tropical Intelligence and Health Precinct creates a competitive advantage for Townsville and North Queensland by encouraging collaboration between key industry players driving economic activity and job creation in high-value sectors. The precinct will create benefits for the research and education sector and subsequently end-users of research through closer collaboration to:

Enhanced health and wellbeing outcomes with additional facilities at the hospital are being designed to improve functionality, leading to benefits including higher quality of life, increased lifespan and potential reduction in time spent in hospital due to increased and improved treatment methods.

Fostering the long-term connections and relationships will further drive research, development and collaboration and increase innovation.

x Solve challenging problems, create new and innovative ways/methods for increased health care, new products and processes and develop practical outcomes to support and conserve the tropics x Provide a knowledge-intense environment with expert knowledge and skills x Create long-term strategic partnerships with industry, government and the not-for-profit sector with connections to local, national and international networks.

The expansion of research capacity will increase the regional/tropical expertise of James Cook University.

The development of high-quality tertiary education and health services will increase population growth.

Increased health services and subsequent access will improve the health of those within the community, and as a result decrease absenteeism from work and increase productivity.

Townsville Hospital and Health Service David Mitchell david.mitchell5@health.qld.gov.au (07) 4433 0047 0476 808 205

James Cook University Alan Carpenter alan.carpenter@jcu.edu.au (07) 4781 4724 0408 156 956

Disclaimer: In partnership with AEC Group, TropiQ have ensured that all care and diligence have been exercised in the preparation of data contained within this publication. Any forecasts or projections used in the analysis can be affected by a number of unforeseen variables, and as such these forecasts are produced based on the best available information and economic modelling available at the time of print.

Profile for TropiQ

TropiQ - Townsville's Tropical Intelligence & Health Precinct  

Welcome to TropiQ, a community dedicated to helping the world access, understand, and benefit from breakthroughs and solutions in health and...

TropiQ - Townsville's Tropical Intelligence & Health Precinct  

Welcome to TropiQ, a community dedicated to helping the world access, understand, and benefit from breakthroughs and solutions in health and...

Profile for tropiq
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