Transforming South Australia into the Growth State is a driving focus for the State Government as it seeks broad based business collaboration to create more jobs, investment and economic opportunity for the future.

“We are ambitious,” says Premier Steven Marshall.

“We want to bolster our economy for the future. This means things need to change.”

The Premier says a more prosperous state will allow South Australia to match its enviable lifestyle with a stronger economy, and Growth State is the formal plan for that economic growth.

“It responds to the needs of industry,” he says. “It focuses on building South Australia as a place to invest, expand an existing business or create a new one.” The strength of the plan lies in the high level of consultation and input from businesses, researchers and other influencers across nine diverse sectors, all assessed with tremendous potential for rapid growth.

Discussion with these major players shows how government can assist in unlocking and accelerating business expansion and job creation, creating a competitive business environment.

Each sector is sharing its ideas and thoughts, resulting in industry-led strategies in the nine sectors of International Education, Defence, Space, Hi-Tech, Health and Medical industries, Food, Wine and Agribusiness, Tourism, Energy and Mining and Creative industries.

“Government will continue to work together with industry and business to identify smarter and more effective ways to do business,” Marshall says.

“We need to equip our businesses with tools and the confidence to grow their operations, create jobs and sell their products on the world stage. Many are already doing it, but more need to join them.”

Specific plans for each sector are under development or in place. Planning for future growth is also centred around the key pillars of trade and investment, skills and innovation, infrastructure and land, water and environment, with key strategies and their status on show.

As these strategies evolve, the government says it will continue to listen and commit to new policies, programs and projects to boost competition and attract investment.

“National and international organisations are already choosing South Australia to tap into our defence, space and cyber industries, creating a pipeline of jobs for decades to come, particularly at Lot Fourteen,” Marshall says.

South Australia’s Landing Pad is one attractor, providing interstate and overseas businesses with incentives to operate here, creating jobs and bolstering the economy.

The Government offers support of up to $80,000 for successful applicants, helping with the cost of workspace and accommodation.

“This initiative will continue to grow our key sectors at an accelerated rate,” the Premier says.

“French cyber tech giant Squad recently utilised our landing pad incentives to relocate to South Australia.”

Squad provides specialist IT advice in three key areas of cybersecurity, cloud computing and its Digital Factory.

“Companies like Squad provide a boost to the hi-tech and high-growth ecosystem we’re growing down here at Lot Fourteen.”

As each sector grows and diversifies, Marshall says more investment will be attracted and more young people will choose to stay in South Australia to take up the opportunities being created.

“This new activity will create once-in-a- lifetime opportunities for current and future generations and shows our state is well and truly open for business,” he says.

Originally published in Future Adelaide: Golden Opportunity

Page last updated 20 April 2020