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Blueprint for future of South Australian economy

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Business leaders, academics and senior public servants will join forces to develop a blueprint for the future direction of the South Australian economy.

Adelaidenow reports that, to this end, a series of workshops will be held over the next month. To be held at Government House and The Science Exchange, the sessions will cover areas such as venture capital and funding; red tape reform; trade; infrastructure; migration and skills; innovation; leadership; and action planning.

The program is backed by Governor Kevin Scarce and Economic Development Board chairman Raymond Spencer; and the forums will be co-ordinated by the Committee for Economic Development of Australia and financial consultants KPMG.

The aim of the workshops is to come up with a blueprint for the future which will be delivered to businesses and the government via the Economic Development Board.

The death of Australia’s car manufacturing industry, and particularly Holden’s planned closure of its Elizabeth plant is expected to hit the South Australian economy hard.

In fact, while Victoria has two thirds of the nation’s car manufacturing workers, the impact will be felt harder in South Australia.

There will be $155million of government assistance available to industry nation-wide to deal with the transition.

From this package, $45m has been earmarked for jobs support, training and advice; $20m will be used to help supply chain firms diversify; $60m will be spent on fast-tracking private sector investment in non-automotive manufacturing; and $30m will be spent on supporting further non-manufacturing opportunities in the affected communities.

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