ANDREW Barr has launched a new plan launched to help Canberra build on its strengths to support entrepreneurs and generate more jobs in innovation, research and education.
“The 2015-16 ACT Budget will deliver $11.75 million in new funding to support Confident and Business Ready: Building on Our Strengths, the ACT Government’s new business development strategy, which will continue to grow the Canberra economy and create jobs,” Andrew said.
“We have many reasons to be confident. We’ve weathered the storm of Commonwealth cuts to keep unemployment low, retain our Triple-A stable credit rating and attract investment from major international companies, including Ikea, Qantas and Costco. What is clear is that we need to keep diversifying our economy, continue to stand on our own two feet and make sure we play to our strengths as a smart, liveable city.
“This new funding over two years includes $6 million for programs and initiatives to accelerate business innovation, trade and investment, $4.35 million for the visitor economy and $1.4 million to build on the successful first phase of the Brand Canberra project.”
Confident and Business Ready: Building on Our Strengths outlines three strategic imperatives. These are:
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1. Creating the right business environment
2. Accelerating innovation to create wealth and jobs
3. Supporting business investment in future growth areas
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