2014 priorities for industry and jobs growth

Published 9th December, 2013 in Economy

The NSW Government has released its 2014 priorities to support industry growth, including targeted initiatives for priority NSW sectors, regional NSW and Western Sydney.

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2014 Priorities

Acting Premier and Minister for Trade & Investment Andrew Stoner announced the 34 priority actions for 2014 while meeting Western Sydney business leaders in Parramatta.

”These priority actions will help position the NSW economy and major industries for long term productivity and jobs growth,” Mr Stoner said.

“The 2014 actions build on a range of existing commitments already underway in partnership with industry under the NSW Economic Development Framework, which underpins the Government’s efforts to drive growth and productivity in priority sectors.”

Actions for 2014 include:

  • State-wide roll-out of a $1.4 million Supply Chain Accelerator program to develop globally competitive supply chains in key NSW industries through capacity building between NSW companies and business customers, including an Advanced Manufacturing pilot in Western Sydney.
  • Strengthen promotion of NSW in priority markets through the NSW International Engagement Strategy, including $1.2 million to pilot a new Export Accelerator program to build capacity for NSW exporters with high growth potential.
  • Knowledge Hubs led by industry in five key sectors (Creative Digital; Energy; Financial Services; MedTech; Transport, Logistics & Rail) to boost industry competitiveness through access to world leading information and research, information sharing and collaboration.
  • A Regional Economic Development Strategy to position regional economies for long term growth, and align federal, state and local regional development activities.
  • An Accommodation Supply Plan to ensure that Sydney and NSW have sufficient capacity to meet future demand for overnight visitor accommodation.

“A major focus will be to encourage greater collaboration between major NSW industries and the State’s world class research community to position the State’s economy for long term economic and jobs growth in an increasingly competitive global economy,” Mr Stoner said.

“Since announcing progress on our 2013 actions in September at the inaugural NSW Business Leadership Forum, we’ve continued to work closely with industry and other stakeholders to identify priorities for next year.

“These have been selected based on their importance and relevance for industry and the degree of partnership and collaboration with relevant industry partners.

“Another key consideration was their potential to deliver outcomes for priority NSW sectors and to contribute to business and jobs growth in line with NSW Economic Development Framework principles and NSW 2021 goals.

“Our progress will be reviewed at the 2014 NSW Business Leadership Forum,” Mr Stoner said.

For more information on the NSW Economic Development Framework and 2014 Priorities please visit the Business NSW website.

Other Trade & Investment media releases can be found here.

 

Published 9th December, 2013 in Economy