Competitiveness Council
South Australia's Competitiveness Council has one clear task – to recommend practical ways the State Government can make South Australia the most competitive place in which to invest and do business in Australia and New Zealand. The Competitiveness Council is tasked with driving the Red Tape Reduction Program. In July 2008, the Government exceeded its target of cutting red tape for businesses by a total of $150 million per year.
As part of the Government’s response to the Economic Statement, the Government announced that it will maintain its commitment to competitiveness through a new target of a further $150 million reduction in red tape over three years and a key part of meeting this will be a rolling 5 year review of all business regulation.
Planning and Development Working Group
The Planning and Development Working Group was established in 2011 to continue to drive the implementation of the Planning and Development Review (March 2008) recommendations and the 30-Year Plan for Greater Adelaide.
The Working Group will support the Government's commitment to making South Australia the most competitive place in Australasia in which to do business.
The Working Group is chaired by the EDB's Deputy Chair, Kevin Osborn, and is comprised of public and private sector representatives.
Invest in South Australia
The Economic Development Board (EDB) has highlighted how critical it is for
South Australia to compete for investment in the global market. It must be more
aggressive in its approach to securing capital and business partnerships and
smarter in developing the case to invest in South Australia.
South Australia is entering a pivotal stage of its economic history. As outlined in the South Australian Major Developments Directory 2011/12, South Australia
has more than $109 billion in major projects underway or in the pipeline.
The record level of major project provides enormous potential for investment,
business and jobs growth in the State.
Invest in South Australia has been established in response to an EDB
recommendation and will be overseen by Kevin Osborn, Deputy Chair of
the EDB.
Invest in South Australia will deliver benefits from the $109 billion in major
projects - facilitating investment, trade, employment opportunities and wealth in
the State.
Invest in South Australia is a team of investment managers with specialist
expertise in the State’s key industries. It will coordinate the Government’s
investment activity and work with industry to become the entry point into
South Australia for major investors.
Invest in South Australia will:
• attract capital, build relationships and create jobs
• provide services and professional advice to international investors
• connect investors to a network of local contacts to facilitate investment in the State’s major projects
• promote South Australia as a sharp, innovative and knowledge-based economy
• support South Australian businesses so they can respond quickly and effectively to changing global market demands
• create long-term investment strategies
For more information, please see the Invest in South Australia brochure and website.
EDB: Promoting South Australia Initiative
Earlier this year, the Board decided to make it a priority to promote South Australia as an attractive place to live and invest. The Board is determined to generate excitement and greater awareness of the economic development activity occurring across the State during one of the most pivotal times in our history.
Board members have personally committed to promoting the South Australian story, advocating the benefits of the State’s economic development across the community, the nation and the world, and leading conversation as to what is needed for economic development. However, the Board cannot do this alone.
To achieve this, the Board is inviting past members and senior executives of major law firms, banks, service sector companies and businesses operating in Adelaide, as well as business leaders from across Australia and overseas, to work in partnership with the Board to champion our State’s successes and opportunities, promote Adelaide as an exciting city and send the message that we are open for business. The Board has begun circulating promotional material and it is envisaged that business leaders may use this to tell the South Australian story when the opportunity presents itself.
By working together, we can maximise the value of emerging economic opportunities, so that South Australia is recognised as a vibrant place to live and the most competitive place in which to invest. This will ensure our prosperity is shared across current and future generations of all South Australians in a way that sustains and enhances our State’s unique environment and liveability.
