SUPERYACHTS that pass Mackay may appear common when the Queensland Government is beginning to develop the Superyacht Industry Development Fund.
Small-to-medium businesses will soon qualify for up to $ 19,000 per annum from match funding to provide industry business certifications, attend international trade shows and bring international delegations to Queensland as part of the scheme.
Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick has allocated $ 335,000 over the next five years to help businesses transform their operations to meet the demands of tourism, maintenance and construction of high moods.
Mr Dick said that excited owners gave a lot of time, money and effort to maintain their secondary products and it was a great opportunity for Queensland cash businesses.
In 2016, the superyacht industry contributed to the $ 320 million Cairns and Whitsundays regions and around 2660 jobs to local economies.
Mr Dick predicts that in three years this will increase to $ 580 million and around 4500 jobs in Cairns and Whitsundays.
Australian Superyacht Chair Barry Jenkins said the fund would establish Queensland as the main destination not only in Australia but in South Africa, ensuring more skilled jobs and economic benefits for small businesses; for family and family. Mr Dick said it is anticipated that the Whitsundays, Gold Coast, Brisbane, and Cairns will see the work opportunities and growth of the industry from the fund.