Moreton Bay’s economic growth remains a year ahead of council expectations after an $830 million boost in the last 12 months.
Mayor Peter Flannery said their latest economic report card confirms the city’s economy is now worth $24.77 billion and created 6500 local jobs in 2025.
The report also forecasts another $956m in secured investment as Flannery says export growth and diversification underpin economic performance.
“Advanced manufacturing, food and agribusiness are performing strongly, alongside growing tourism, innovation, skills development and international engagement,” he says.
The results are in keeping with council’s recently released economic white paper that calls for a sustained focus on creating a $78bn economy by 2060.
Flannery says that as the city grows, so does the need to manage that growth at all levels of government to keep more high value jobs closer to home.
MORETON BAY BUSINESSES
Hanlon Industries Managing Director Tom Hanlon said the report card sums up why they chose to expand into Queensland.
“The market opportunities, growth potential, a proactive government, a driven council, access to skilled employees, TAFEs and training facilities, and strong supply chains make it an easy decision for any east coast company seeking growth over the next 10 to 20 years to be based here,” says Hanlon.
Hanlon Industries is a large steel fabricator with operations in Moreton Bay and Geelong, Victoria; they recently finished work on the Hope Island train station and added more than 60 jobs to their Narangba operations in the past two years.
University of the Sunshine Coast (UniSC) Moreton Bay campuses at Caboolture and Petrie are helping by supplying skilled graduates to drive industry growth; more than 6500 students are studying almost 90 programs on campus.
UniSC Vice Chancellor and President, Professor Helen Bartlett says the economic data shows the value of university, industry and community coming together.
“As Moreton Bay grows, so too does the aspirations of its residents who, with a university close to home, recognise that higher education is within reach and they can build a prosperous career here,” Flannery says.
Council remains focused on maintaining momentum as the City continues to grow.
“We’re proud of the progress reflected in this report card,” Mayor Flannery said.”
Click here to view the full report card.
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