The Tasmanian Government has a long term Plan to encourage economic growth and job creating investment and it is working.
Tasmanian business confidence remains among the highest in the country, with the recent Sensis Business Index showing that business confidence was up by 22 points and is the second highest in the country.
The survey found:
“Confidence has lifted significantly in Tasmania, ranking it second highest and well above the national average. Expectations for sales and profitability this quarter are distinctly higher and SMB opinions of the Tasmanian Government are more favourable.”
Yesterday’s CommSec “State of the States” report backed this up delivering Tasmania its best report card in nearly five years. We are now ahead of Western Australia.
Tasmania is also increasingly being viewed as an investment destination of choice.
The bold proposal announced yesterday by the Fragrance Group is a sign of confidence in Tasmania, our economy and our booming tourism and hospitality industries.
Fragrance Group is already building a hotel in Macquarie Street and it is encouraging that they are looking for other opportunities.
While people will have differing views on the merits of the specific proposal, this proposal represents a serious step-change in the type of investor now looking seriously at our state.
By creating the right business environment we are seeing increased confidence in Tasmania and more investment, which means economic growth and more jobs.