Investor Presentaiton

Priority 2 Further diversify our economy Further economic diversification is critical to mitigate the adverse impacts of changes occurring in the global economy. The Queensland Government is committed to further diversifying Queensland's economy and creating new jobs by actively seeking opportunities in new and emerging industries. Keeping abreast of emerging global opportunities takes time, effort and money. The provision of market intelligence aimed at capitalising on Queensland's industry strengths and linking these to the demands of specific markets will give businesses a competitive edge. New initiative: Provide international market reports tailored to Queensland's strengths. Businesses offering complementary products or services, or engaged in emerging industries, can have greater success entering new markets when they collaborate with each other. Without support and coordination, opportunities for collaboration between SMEs can be missed and scale may not be realised when promoting a product or service offering overseas. New initiative: Enable development of Queensland business consortia. Advanced manufacturing In a tough, globally competitive environment, a strong and resilient core of Queensland businesses have made a successful transition into the production of sophisticated, high-value goods. The move to advanced manufacturing contributes to greater productivity, the retention and growth of a highly skilled workforce and the creation of well-paid jobs. Queensland's established network of research and development institutions, skilled workforce and infrastructure base supports innovation in areas such as nanotechnology. Queensland is well placed to encourage the development of profitable new products, services and industries and capitalise on the recent trend in advanced economies towards the on-shoring and capability building of advanced manufacturing. Case Study: Ferra Brisbane-based manufacturing company Ferra Engineering is a specialist in providing engineering services and designing, manufacturing and assembling aerospace structures and sub-systems. A leader in the field, Ferra supplies some of the largest organisations in the world, including, Boeing, Lockheed Martin, Northrup Grumman and Airbus. Exports make up more than 80 per cent of Ferra's business. Current action: The Queensland Government is implementing the Advance Queensland Advanced Manufacturing 10-Year Roadmap and Action Plan including up to $7.6 million in funding for initiatives that will support the growth of the industry. A diverse economy: ...... no sector makes up more than 12% of Queensland's output 26 Queensland Trade and Investment Strategy 2017-2022 In 2015-16, Queensland manufacturing exports totalled $15.7 billion ... or one-third of merchandise exports Townsville, Queensland Courtesy of Port of Townsville

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