Under the Hodgman Liberal Government’s long-term Plan, Tasmania’s economy is growing strongly.
In the 12 months to September 2015, Tasmania had the third fastest growing state economy in the country, behind only New South Wales and Victoria.
Our long-term Plan is all about encouraging businesses to grow, invest and employ more people, and it’s clearly working.
Since the election, the level of private investment has increased by more than 10 per cent.
Business investment has increased 7.6 per cent and investment in buildings and structures is up over 20 per cent.
Encouragingly, the value of exports has also increased by 3.4 per cent in the 12 months to September 2015.
Since the election, nearly 7,000 jobs have been created, business confidence is through the roof, retail trade is at record highs and the building and construction sector is incredibly strong. But there is still a lot more we can do. That’s why the Government has launched a $315 million jobs package and is investing $1.8 billion into infrastructure to make sure we build on the growing economic momentum and capitalise on the gains we have made so far.