The Bundaberg BEC was established in 1991 in an old warehouse on the banks of the Burnett River. The initial feasibility study was completed in 1989 by the Bundaberg Tourism Board (now Bundaberg North Burnett Tourism Board), and both the Federal and State Governments contributed to the first and second stages of development.
After fourteen years in a renovated warehouse, the Bundaberg BEC moved in July 2004 to newly refurbished premises on the corner of Quay and Tantitha Streets in the Bundaberg CBD. A grant from the Federal Government via the AusIndustry Incubator Program, allowed the Bundaberg BEC to modernise yet another old building into a highly professional and busy office environment.
Since its inception, the Bundaberg BEC has assisted over five thousand ventures, employing some 7,500 people, to become established and viable. This equates to 20 businesses a month and 31 jobs every month (on average) that are helped to start or be mentored to success. These ventures are situated right across the Wide Bay region, and it is estimated that they contribute approximately $15 million to the regional economy each year.
The Bundaberg BEC has strong community support with a volunteer Board of Directors, and a register of voluntary Mentors, all of whom provide expert assistance to Bundaberg BEC clients when they need that extra specialist help.
The Bundaberg BEC houses 25 small business tenants that in turn employ over 40 people and generate some $10 million into the local economy every year.