The Latrobe Valley Economic Growth Zone makes it easier, faster and less costly to do business in our region.
The Latrobe Valley Authority and Regional Development Victoria offer financial support to businesses to establish, expand or diversify their businesses and employ more people in Latrobe Valley. To be eligible for most grants there is a requirement to create jobs.
You can get funding to:
Establish or expand your business
Businesses purchasing a commercial property for the purposes of expansion can get reimbursement of the stamp duty and a range of other state and local government fees and charges. Businesses can claim reimbursement of stamp duty incurred purchasing an eligible vehicle for a new staff member.
The Doc Shop
The Doc Shop in Traralgon have recruited four new truck drivers to operate their recently expanded fleet of secure transport trucks.
The document destruction and storage company received a $18,112 reimbursement through the LVA’s Economic Growth Zone on stamp duty costs associated with the purchase of four new secure transport trucks.
Click here for a full list of businesses to have who have received this funding (link to project page)
Hire new staff
Up to $9,000 is available per worker for businesses who employ and train unemployed people who live in the Latrobe Valley.
Grow and diversify your business
The Latrobe Valley Economic Facilitation Fund is for businesses in the Latrobe Valley to grow and create jobs.
Regional Development Victoria’s dedicated unit in the Latrobe Valley is actively identifying and facilitating business growth and new jobs, working to fast track and realise investment opportunities.
The Fund is being administered under three streams:
- Growing existing businesses
- Investment attraction
- Market access
A $1.84 million project to relocate and expand the business creating 17 new full time jobs in Morwell. The project includes fit out of a new facility, purchase of a five tonne crane, new laser cutting and Plasma/Oxy cutting equipment, as well as installation of a warehouse infrastructure and management system.
This will allow precision cutting of larger sheets of metal, and mean the company can target new markets and offer more services to existing customers. The company received funding through Regional Development Victoria’s Economic Facilitation Fund to help grow the business.
Quality Motorcycle Training
QMT are leasing land in Haunted Hills Road, Newborough to develop a purpose built facility specifically designed for motorcycle training. The $120,000 project will create 5 new jobs in Newborough.
The company received funding through Regional Development Victoria’s Economic Facilitation Fund to help re-locate the business.
For help navigating what options may be available to your business, contact the Latrobe Valley Authority on 1800 136 762 or pop in and see us at 131 Princes Drive, Morwell.