Study highlights marina economic benefits

 14 July 2011

The Marina Industries Association of Australia (MIAA) has completed the first Australian Marinas Value Pilot Study, estimating that marinas provide regions a direct economic value of more than $1 billion. 

The study highlights a $1.16 billion direct economic impact from 2008 to 2009 data. CEO Jeff Smith said the study highlights the significance of marinas as economic and employment hubs. .

 “The direct economic value is enormous and it can only continue to grow. The marine industry is a significant contributor to regional, state and national economies in sectors such as manufacturing, tourism, retail, services and fisheries,” Mr Smith said. 

“This report reinforces Northeast Business Park’s case to deliver Queensland’s largest marina development with our own North Harbour.”  

The North Harbour marina is subject to ongoing delays with Moreton Bay Regional Council approvals, which has impacted the park's ability to proceed.

The full 40 page report is available by contacting the MIAA office at info@marinas.net.au.

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