The collapse of Victoria's 2026 Commonwealth Games has prompted the Queensland government to remind taxpayers of the $180 million pot of gold at the end of the 2032 Brisbane Olympic rainbow.
Queensland-based businesses are primed to share in the billions of dollars in government procurement in the lead-up to the international sporting event, Premier Annastacia Palaszczuk said.
Days after the shock Commonwealth Games announcement, Queensland is on the front foot with the launch of the Q2032 Procurement Strategy, namely the "Buy Queensland" approach.
"We want to put the Q in 2032 and that's what this policy achieves," Ms Palaszczuk told reporters on Thursday.
The approach has already delivered $57.81 billion in government procurement to more than 70,000 sunshine state businesses.
The government says its commitment has been written into the Brisbane 2032 Olympic and Paralympic Arrangements to ensure Queensland businesses benefit first.
"Buy Queensland prioritises Queensland businesses for government contracts," Ms Palaszczuk said.
"This procurement approach multiplies the value of government spending and ensures the benefits are shared among Queenslanders.
"It creates more jobs and greater community benefits because every dollar we spend here in Queensland circulates throughout our economy many times over."
Victorians were promised similar benefits when the state was locked in as the 2026 Commonwealth Games host state.
Organisers vowed the event - hosted across cities including Geelong, Bendigo and Ballarat - would cost $2.6 billion, but deliver economic gold for the regions.
But this week, the Victorian government claimed a cost blowout of up to $7 billion for the 12-day event.
The blowout was "more than twice the estimated economic benefit" it would bring to Victoria, Premier Daniel Andrews said as he pulled the plug.
Queensland, meanwhile, remains on track.
The government said regional and small businesses would benefit most from the Games-led boom.
The policy had already boosted the number of regional businesses involved to more than 31,000 and had added $1 billion to small business coffers since 2019, it said in a statement.
Business Chamber Queensland CEO Heidi Cooper said a lasting business legacy will be critical to the overall success of Brisbane 2032.
"Businesses need to know what that legacy means for procurement, sustainability and the way we do business and, most importantly, what they need to do now to prepare for those opportunities," Ms Cooper said.
