GC PIC Precincts

The Pacific Innovation Corridor (PIC) is one of Gold Coast City Council’s long term signature economic development programs. It comprises 9 geographic precincts of substantial economic activity that focus on specific valuable growth markets in the Gold Coast City economy. The Pacific Innovation Corridor precincts represent substantial aggregation of economic activity and are significant drivers of growth.

Objectives

The Pacific Innovation Corridor has two key objectives:

1. To create globally capable geographical and economic focused precincts. These areas are characterised by a critical mass of similar and related firms and by the availability and intensity of knowledge, research and development, innovation and extensive inter firm and international interaction.

2. To ensure that Gold Coast City is globally competitive in the availability, coverage, cost and capacity of telecommunications infrastructure and in the uptake and adoption of resulting technologies. This objective ensures that the hard ‘telecommunications’ infrastructure delivery is prioritised within Pacific Innovation Corridor precincts.

Benefits of the Pacific Innovation Corridor

Synergies and efficiencies to businesses, resulting from the clustering of similar companies and the increased availability of research and development, knowledge and skills.
Building on the long history of entrepreneurship in Gold Coast City and providing support for start up companies through new technologies Developing a critical mass in many industry sectors including those focused on export and innovation. 

Access to a greater pool of skilled personnel as industry clusters support a range of career choices at different stages of the career cycle, thereby maintaining new graduates through to experienced management and technical staff within the cluster.
Greater availability of high-speed communications infrastructure at cost effective prices, resulting in increased access to global business communities at an affordable price and increased uptake of e-business throughout the city. 

National and international reputation as a leading edge, world-class centre for
knowledge based research, development and innovative enterprises.
Supportive local government for economic development activities within the precincts and across the city.
Enhanced ability to understand and monitor business activity in each of the Pacific Innovation Corridor precincts, strengthening the city’s position to attract investment.

 
Strategies to achieve the PIC goal include:

Promoting the clustering of related firms and industry sectors within specific geographic precincts to enhance knowledge, research and development.

Ensuring that the Gold Coast is globally competitive in telecommunications infrastructure and the adoption of resulting technologies.

The Pacific Innovation Corridor comprises 9 precincts.

The role and function of each precinct and individual precinct projects support the geographic and cultural nature of these areas. Together they provide a diverse output that provides a broad economic base to the city. Please select the link to view the unique competitive advantages of the precincts.

Download the Fact Sheet here. 

Select a Business Precinct to get more information on that location

Burleigh

Coolangatta

Coomera

Nerang

Oxenford

Robina

Southport

Surfers Paradise / Broadbeach

Yatala