Times are turbulent in South Australia. Holden’s Adelaide factory will close at the end of 2017, as the brand transitions to an import-only facet for General Motors. And locals aren’t sure what will become of the unemployment rate, which already sits higher than other Australian states.
According to ABC Australia, the Adelaide economy is set to receive a $25 million AUD stimulus package backed by the South Australian government. The plan includes a $10-million small business development fund, $7 million to entice tenants to a Northern Adelaide Food Park and money for a disability support hub, according to the report.
SA Premier, Jay Weatherill, said it was a bold plan to provide a healthy economic future for the region.
“It’s a plan which marks out a bright future for the people of the northern suburbs,” he said.
“It lays out all of the economic priorities that we believe are important for this area — it marks out those industries that we believe are going to grow quickest in the northern suburbs.”
There are critics, however. The opposition, led by Steven Marshall, said the investment would not be nearly enough to create and sustain new jobs for the region.
“We need a plan to reduce taxes, to remove red tape, to invest in long-term productive infrastructure. To back our exporters and growth sectors and real investment to create new businesses in South Australia.”
“There is none of that, none of that in this plan whatsoever.”