🧬 Local BioMed Boom | 4-Day QLD School Week Approved By QLD Gov | GC Anchors Superyacht Spectacle | 2023 GC City Report Released | WeWork Crashed and more!
Discover more from The GC Minute
🧬 Local BioMed Boom | 4-Day QLD School Week Approved By QLD Gov | GC Anchors Superyacht Spectacle | 2023 GC City Report Released | WeWork Crashed and more!
Today’s newsletter is 1224: 5 minute read
Thursday is back, and it’s November 9!
🤔 Did you know!? The 1918 armistice of the First World War marked the end of one of the deadliest conflicts in human history.
To commemorate the anniversary of the peace in 1919, King George V dedicated November 11 as Armistice Day and requested the nation pause for two minutes' silence.
Now, every year at the 11th hour of the 11th day of the 11th month, in one of our greatest cultural traditions, hundreds of millions worldwide pause in silence to remember the sacrifices many have made so we can enjoy the life we do today.
Remember to remember.
Find a service near you with RSL Queensland.
In today’s email
The 2022-2023 City Report: Was just released with some pretty epic stats
GC Anchors Superyacht Rendezvous: Coming to the Gold Coast in May 2024
Local BioMed Boom: The City’s BioMed Industry Capability Guide released
Trending: WeWork didn’t work…
Around The Web (Snippets): Four-day school weeks approved by QLD Government, $5m for a flying car, locals win big at the Australian of the Year awards, farm robots ripping weeds out the old-fashioned way and more!
Councillor’s Corner
Upcoming Events
GC Weekend Weather and Surf
Live Gold Coast Housing Price Index
1. One Big Thing: The GC’s 2022-23 Annual Report Just Dropped
What’s Happening
In a defining year for urban development, the Gold Coast Council's 2022-23 Annual Report details growth trajectory and strategic foresight.
Why It Matters
It's not just about balancing the books; it's about scripting the future of a city synonymous with surf, sun, and strategic innovation, which appears to be full steam ahead and on track to achieving our city’s 2032 vision.
By the Numbers
$1.8 billion in revenue underscores fiscal prudence
Total debt held firm at $595.2 million against a $20.5 billion asset portfolio
Community wealth boost by $1.6 billion
$478.6 million directed to capital projects
Local Impact
The Council's vision translates into tangible outcomes for locals:
Disaster and Emergency Management Centre: A $13m investment reinforcing community resilience
Palm Beach Aquatic Centre: A testament to fostering world-class community amenities
Pizzey Park: An Olympic-standard skate park promoting active lifestyles
Forward Thrust
As the Gold Coast strides towards a pivotal role in the Brisbane 2032 Olympic narrative, the Council’s report heralds a vibrant future.
Emphasis on maintaining the city's lifestyle allure is covered while igniting economic opportunities underpins the strategy.
What The People Say
Mayor Tom Tate’s affirmation, "It's a great time to live, work and invest in the Gold Coast," resonates with the locals.
The Council's focus on enriching the Gold Coast lifestyle, evident through significant investments in safety, environment, and cultural infrastructure, promises a legacy of prosperity and pride.
What To Look For Next
Lots more lanes on the highway, people, high rises, cultural precincts and preserved natural spaces; with the Brisbane 2032 horizon in sight, the city is set to grow up fast.
Get the full, nearly 200-page report here or the summary report here.
2. Gold Coast Anchors Superyacht Spectacle
What’s Happening?
In a few months, in May 2024, the elite of the superyacht world will drop anchor at the Gold Coast's City Marina and Shipyard (GCCM) for the Australian Superyacht Rendezvous, heralding Australia’s marine prowess.
Why It Matters
This event is a testament to the Gold Coast's burgeoning influence in the global superyacht industry and the abundance of marine jobs that are being created here and contributing to the local economy.
Zoom In
The vision for the events helps showcase the Gold Coast as a sanctuary for superyachts, with over 6600 vessels expected worldwide by 2025.
GCCM to host an estimated 20 top-tier superyachts
The event celebrates Australia’s and the Gold Coast’s global marine appeal
Emphasis on the region's premier marine facilities and skills
The Big Picture
As the countdown to Brisbane's 2032 Olympics begins, the region prepares for a luxury marine influx.
200 superyachts are now calling Australia home
GCCM champions an anticipated $4.346 billion industry value by 2025
The industry is set to support 33,186 marine jobs, with Queensland leading
What the People Say
Trenton Gay (CEO of GCCM) hails the Gold Coast as a superyacht utopia
Industry insiders expect a wave of economic benefits
Local businesses anticipate a surge in activity
What To Look For Next
Beyond the glitz, the Rendezvous is a beacon for local industry growth, spotlighting the Gold Coast's capabilities to an international market.
Can’t wait for the event?
The Star Casino just put theirs up for sale…
3. Gold Coast's Biomedical Surge
What’s Happening?
The Gold Coast’s Biomedical Industry Capability Guide was just released, showcasing how our local Biomed sector is far more significant and more capable than you might’ve realised.
Why It Matters
It goes into detail and positions the Gold Coast as a crucible of biomedical excellence and economic diversification.
Zoom In
A $3.8 billion healthcare economy challenges the $3 billion tourism sector
The sector employs 1,800, infuses $300 million locally, and is anchored by the Gold Coast Health and Knowledge Precinct (GCHKP).
A $5 billion investment in GCHKP exemplifies the precinct’s regional impact and potential.
The Big Picture
The biomed sector's expansion mirrors the Gold Coast's evolution into a diverse, innovation-led economy.
What To Look For Next
With the city investing heavily into the 200ha Gold Coast Health and Knowledge Precinct, it will build a global business destination recognised for transforming lives through healthcare innovation, new knowledge and next-generation technologies.
Anticipate enterprise relocation, groundbreaking innovations, and more in this space.
Read the full report here.
4. Trending
5. Around Web (Snippets)
Four-day QLD School Weeks: Given the go-ahead by the Queensland Government
Locals Win Big: At the Queensland Australian of the Year Awards
Space Weather Is A Growing Threat: And the new NASA Centre aiming to help protect us
A Flying Taxi Gets $5 Million: From the Federal Government and getting it one year closer to lift-off
Farm Robots: That rip weeds out the old-fashioned way to reduce herbicide use
950 Driverless Cars Recalled: After a General Motor’s Cruise car dragged a pedestrian in a crash
Councillors’ Corner
Div 4 | Biggera Waters, Coombabah, Sovereign Island, South Straddie +3 | Cr Shelley Curtis
Div 6 | Ashmore, Benowa, Bundall, Southport | Cr Brooke Patterson
Div 14 | Kirra, Coolangatta, Currumbin, Elanora, Tugun +6 | Cr Gail O'Neill
Upcoming Events
Gold Coast Pest Fishing Classic: November 11, a family-friendly event by the City of Gold Coast and My Catch covering the entire City of Gold Coast
Remembrance Day: November 11, at Broadwater Parklands for a Remembrance service, commencing at 10:30 am followed by a minute of silence at 11 am, or find a service near you on the Gold Coast
Surfside Sounds - The City’s Brass Band: November 11, promises an afternoon of musical delight as Surfers Paradise Brass Band and Gold Coast City Brass Band come together
NFL National Flag Championships: November 14, the 2023 Australian National Football League (American football) Flag Football National Championship Tournament is taking place at the Gold Coast Sports Precinct
Swing Central featuring Brad Leaver: November 16, sit back and relax to the smooth crooning vocals of Mr Brad Leaver, backed by a piano trio
Deck the Stalls Christmas Markets: November 16, at the TAFE Campus at Robina