Two industries to grow our economy by $10 billion
TRANSPORT and agriculture will grow the Toowoomba region economy by $10 billion over the next 30 years.
That’s what the latest report commissioned by industry group Toowoomba and Surat Basin Enterprise claims.
The Regional Australia Institute’s Pathfinder Project sought to identify the key industries that will play a vital role in driving growth opportunities for the future of the Toowoomba and Surat Basin region.
TSBE chief executive officer Dr Ben Lyons said the report reconfirmed the validity of economic development work done to date in the region.
“Further to this, the report also reinforces the crucial part transport and logistics and our agriculture sector will play in the region’s future.”
The report outlined that, with agriculture the leading industry for all three local government areas, targeted investment and collaborative co-ordination to build local capacity was key to unlocking the sector’s future prosperity.