Council
3 November, 2024
Moreton city lights up the economy
City of Moreton Bay has shared impressive economic results during the first year of officially being a city.
At the annual ‘State of the City’ event alongside CEO Scott Waters, Mayor Peter Flannery said City of Moreton Bay’s local economy is now valued at an impressive $22 billion after experiencing rapid growth and economic expansion from an $18 billion economy in 2021.
“Our growth isn’t due to luck, but an ambitious and strategic plan to grow our economy, and the drive and tenacity of our 32,000 local businesses,” Mayor Flannery said.
“City of Moreton Bay has attracted 4,000 new businesses in the last year alone, demonstrating that we aren’t just a place to do business, we’re the place to grow a business.
“Businesses and investors look to local leadership to provide consistency in policies and reliable partnerships for investment, and I’m proud to say that we are recognised as one of the most stable local governments in Queensland.
“We also have a healthy pipeline of future opportunities with potential to secure $1.37 billion in investment and 1,228 jobs for our city,” he said.
