Jun 23, 2017 Last Updated 8:22 AM, Jun 23, 2017

New Entry From the Editor :

WA government bans future uranium mine leases, excludes four existing projects

WA government bans future uran…

AusBN - The Western Australian government has imposed a ban on future urani...

CIMIC group awarded $2.8b Sydney Harbour tunnel contract

CIMIC group awarded $2.8b Sydn…

AusBN- International construction giant CIMIC Group will soon begin work on...

Rio Tinto recommences exploration in Mongolia looking for next Oyu Tolgoi

Rio Tinto recommences explorat…

AusBN - Rio Tinto (ASX,LSE:RIO) has begun a new exploration programme in Mo...

Victorian government aims to attract businesses with $90 million fund

business strategyAusBNAusBN - The government of Victoria has allocated a fund of AUS$90 million to attract businesses to the state, as growth in car manufacturing and other industries begins to slow.

The fund will be put towards retaining and creating jobs in industries such as aviation and manufacturing, and follows a similar $116 million grant in last year's budget.

Industry Minister Wade Noonan said: "A $90 million funding boost for a programme like this is just so important, ultimately for the Victorian economy and for growing new jobs.

"We do recognise that as a state we need to actively compete in a globally competitive marketplace.

"Over the last 12 months the Victorian Government has assisted over 120 companies either grow their business or establish their business and that's resulted in the direct employment of about 4,100 full time new employees, and seen $1.5 billion in new capital investment."

The government made the announcement along with the encouraging news that Japanese utility company Rinnai would add 160 jobs to its operation in Melbourne.

@AusBNOnline

This Month's Issue

AusBN Vol3 Iss1

Subscribe

rgn web banner

abn web banner