Toowoomba and the Western Downs region in Queensland were on show this month as sixteen business leaders from Weatherford in Parker County, Texas embarked on a six-day tour to better understand the economic success of the area.
The delegation, including a Weatherford city councillor, bankers, a local judge and business owners, were in the region to drive partnership development between local businesses and use the Toowoomba and Surat Basin region as an example of economic development that they could utilise back home.
During their tour of our region they visited the Western Downs including the Dalby Sale Yards where the Americans showed strong interest in local agriculture ventures.
They were interested to see the coexistence of gas, agriculture and small business contributing to grow the regional economy, which has been a nation-leading example of economic development.
They made many business connections during their visit and were impressed with the robustness and vibrance of the economy of the Western Downs which is underpinned by the gas sector.
They noted that gas has continued to deliver extensive investment into the Western Downs economy thanks to export markets and demand for domestic gas supply security. According to the Queensland Resources Council the resource sector has provided $374 million or 10% of the Gross Regional Product for the Western Downs in 2017/18.