On track for in­ter­na­tional gains

Weekend Gold Coast Bulletin - - BUSINESS -

IN­TER­NA­TIONAL busi­ness ex­po­sure tops a list of what Gold Coast busi­nesses think will be the great­est le­gacy of the Com­mon­wealth Games.

That is ac­cord­ing to the Grif­fith Uni­ver­sity- Gold Coast Bul­letin Busi­ness Con­fi­dence Poll, which found 29 per cent of re­spon­dents had an ex­pec­ta­tion of busi­ness growth, close be­hind in­ter­na­tional busi­ness ex­po­sure at 32 per cent.

The next two most pop­u­lar choices for the great­est le­gacy were busi­ness in­no­va­tion (22 per cent) and job cre­ation (17 per cent).

Grif­fith Uni­ver­sity Pro Vice-Chan­cel­lor Busi­ness, Pro­fes­sor David Grant said the poll found a mix of op­ti­mism and cau­tious prag­ma­tism.

“Con­fi­dence about growth and in­ter­na­tional ex­po­sure, in par­tic­u­lar, is most likely feed­ing off pos­i­tive ex­pec­ta­tions and the plan­ning now oc­cur­ring for the Games with more than 200 days to go un­til the big event,” Prof Grant said.

“In­no­va­tion is to be ex­pected along with on­go­ing con­fi­dence par­tic­u­larly among lo­cal busi­nesses that are mainly small and in sec­tors that re- quire firms to be in­no­va­tive in or­der to be sus­tain­able and suc­cess­ful.”

Prof Grant said ev­i­dence of long-term job cre­ation at other large-scale events had, to date, been mixed.

“That be­ing the case, the busi­ness com­mu­nity might un­der­stand­ably be adopt­ing a wait-and-see po­si­tion in this re­gard,” he said.

The poll also found there was a 10 per cent in­crease in the num­ber of busi­nesses ex­pect­ing in­creased turnover in the quar­ter and 11 per cent in­tended to hire more staff.

Prof David Grant is gaug­ing lo­cal busi­ness con­fi­dence about the Gold Coast Com­mon­wealth Games.

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