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SUPERYACHTS floating past Mackay may become a common sight as the Queensland Government begins development of a Superyacht Industry Development Fund.
Small-to-medium sized businesses will be eligible for up to $ 19,000 per year to match their business certifications, international trade shows and international delegations to Queensland as part of the scheme.
Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick has allocated $ 335,000 to meet the needs of supercars.
Mr Dick said superyacht owners put considerable time, money and effort into their superyacht and it was a fantastic opportunity for Queensland businesses to cash in.
In 2016, Cairns and Whitsundays Regions contributed $ 320 million and around 2660 jobs to the local economies.
Mr Dick predicts in three years this will rise to $ 580 million and around 4500 jobs in Cairns and the Whitsundays.
Chairman of Superyacht Australia Barry Jenkins said the fund would establish Queensland as the dominant destination in South Pacific, securing more skilled jobs and economic benefits. Mr Dick said the Whitsundays, Gold Coast, Brisbane, and Cairns are predicted to see job opportunities and industry growth from the fund.
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