A Labor Government will establish a $40 million Business Development Fund to combat rising unemployment, create local jobs, and help our best and brightest make their ideas and innovations a commercial reality.
This fund will mean more Queensland businesses will have access to the start-up capital they need to create new opportunities and new productive capacity, including manufacturing capacity, in emerging niche markets.
Our Business Development Fund will invest directly into innovative Queensland businesses and industries neglected by the LNP Government to accelerate employment and revitalise the Queensland economy.
Unemployment has risen under the Newman government to nearly 7%, meaning there were 29,100 fewer full-time jobs (seasonally adjusted) in Queensland than when Campbell Newman was elected in March 2012.
Only Labor has a plan for building stable jobs in Queensland.
Labor’s Business Development Fund policy will mean:
- More Queensland jobs are supported
- A system to help our best and brightest make their ideas and innovations a commercial reality
- The implementation of a tried and tested model that has seen great success around the world in countries such as New Zealand and Singapore, who saw double their investment returns.