Lake Macquarie City Council has approved more than $4 million in funding for its economic development organisation for another four years.
Councillors voted unanimously in favour of extending the funding for Dantia from next year until 2022, at Monday night’s council meeting – though three councillors declared an interest and left the chamber before the vote took place.
From next June, council will provide $4.12 million across the four years – starting with $1 million in the first year and finishing with $1.06 million in the final year.
Council started Dantia, with the approval of the state government, in 2014 to promote and deliver increased economic activity in Lake Macquarie.
“As Lake Macquarie’s economic development organisation, Dantia works with council to identify and promote opportunity but is also a strong voice for business, representing the interests of local business to council,” mayor Kay Fraser said.
“That makes it unique in this region and I think council’s willingness to create an independent organisation with that advocacy role demonstrates our commitment to growing business in our city.”