How the NSW government sees it

The NSW government wants to lure job-creating companies to its heart.

“Business can set up in Sydney with the knowledge that over the next four years the NSW government is investing over $60 billion in infrastructure and offering payroll tax rebates for the first 100,000 extra jobs created in NSW,” NSW Deputy Premier and Minister for Trade and Investment Andrew Stoner says.

NSW will undertake an infrastructure investment program worth $62.6 million over four years that includes $15.3 billion in 2011-12 and an annual average of $15.8 billion in the following three years.

This includes improving transport, such as rail, bus and light rail, investing in roads, regional rail links, a logistics centre, port upgrades, a conference and exhibition facility, and the harbourfront commercial, office and residential development Barangaroo.

It is developing industry action plans, with the first sectors targeted being manufacturing, professional services, education and research, information technology and tourism.

To bring in international companies, promote trade, education and tourism, the government will establish a dedicated NSW Export and Investment Advisory Board and appoint a parliamentary secretary for Asia-Pacific trade.

In July 2011, Sydney ramped up its reputation as a financial services hub by creating a $41 million Centre for International Finance and Regulation, funded jointly by the state and federal governments, businesses and universities.

Rather than competing with Melbourne, Sydney is focusing on an international reputation and has a array of accolades to match Melbourne’s Most Liveable City status, such as A.T. Kearney Global Cities Index ranking it one of the top 10 cities in the world in terms of trade, education and culture in 2010.

BRW

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