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Message from the CEO

I have attended a number of interesting events over the last few weeks. 

Among these was the Inland Growth Summit hosted by RDA Orana and a dinner near Jindabyne with Consuls of various countries on a familiarisation trip around South East NSW, arranged by the NSW Department of Premier and Cabinet.

What struck me most about these events was the genuine interest by many countries in investing in regions juxtaposed with a much greater willingness by regions, especially some Councils, to back themselves and invest serious effort in attracting investment, innovation and boosting exports.

That said, it’s a competitive marketplace and given location-specific cost-differentials, no State, Territory, Local or even National Government can sustain the argument that offering temporary incentives to invest is never appropriate or necessary (or that better ‘after care’ for new companies and start-ups is not warranted). 

In fact, free or subsidised support on the export-side of the trade/investment equation is already offered through Austrade programs and Ausindustry.

I’m meeting smart, clever, connected ACT-based companies, for instance, who want to stay local but for whom expanded lower cost operations possible elsewhere, may prove too hard to resist. I’m sure we can do better.

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