About South Australia
Visit the SA Central portal website for all your information needs about South Australia.
South Australia is today enjoying one of the most dynamic and prosperous periods in its history – and this is opening up terrific opportunities for potential US investors.
Our State’s economy has been growing at a rat above the Australian average. We have a ‘triple-A’ international credit rating, the State Government has brought down five consecutive budget surpluses and we’re delivering A$1.5bn worth of tax cuts to business and consumers.
Exports and business investment are p, we are enjoying the highest rate of growth in Australia in relation to apprentices and trainees, and more South Australians are working today than ever before in our history.
TOP DESTINATION
As for ‘third party endorsements, The Economist magazine has named our capital, Adelaide as a top destination for business travel and conventions.
The Australian Industry Group, our nation’s peak body of manufacturers, says Adelaide is Australia’s number one location for manufacturing. And a recent survey of 99 cities worldwide shows that Adelaide is the third most cost-competitive city on the planet and the top city in Australia for industries such as aerospace, electronics and biotechnology.
Our state has a strong base in advance manufacturing, technology and research. And it enjoys national leadership in the growing field of renewable energy – especially wind and solar-power generation. Indeed, we are home to 51% of Australia’s installed wind-power capacity and more than 45% of our nation’s grid-connected solar power.
South Australia is also home to some of the world’s biggest companies operating in the fields of defense, resources and energy, ICT, food and wine, and automotive.
Our state offers many advantages to potential investors, including:
• Low start-up day-to-day running costs for business;
• A stable, highly skilled and relatively low-wage workforce;
• The lowest level of industrial disputation of all Australian mainland states;
• Speedy planning and building-approval processes;
• A large number of national research centers and ‘centers of excellence”;
• A low cost of living;
• Low mortgages and rents;
• World-renowned health and education systems;
• Clean and safe cities and towns;
• A superb export link with Asia via the Adelaide to Darwin rail line; and
• Adelaide’s fast-growing reputation as Australia’s ‘university city’ – especially following the recent opening of a branch of Pittsburgh’s Carnegie Mellon University.
GROWING STRONG
The best news about South Australia is that A$26bn worth of major construction, infrastructure and mining projects are today in the works or on the horizon.
These include plans to more-than-doublet he size of Olympic Dam – which will make it the biggest uranium and open-cut mine in the world, employing 23,000 people. Another huge mining project in the state’s north is Oxiana’s A$775m Prominent Hill copper and gold mine – a resource valued at more than A$10bn.
Mining exploration in South Australia is now at an all time high- and our level of spending on exploration trails only those of Australia’s giant mining states, Western Australia and Queensland.
South Australia is also the center of our nation’s high-tech defense industry – and that status has only improved with the recent start of work, in Adelaide, on the A$6bn Air Warfare Destroyers’ project.
A number of American companies are involved in the Destroyer’s project and South Australia’s wider defense industry, including Gibbs & Cox, Raytheon, General Dynamics and Lockheed Martin.
COMPETITIVE EDGE
South Australia has a ‘can-do’ attitude and I lead a government that is proudly pro-business, pro-investment, pro-trade and pro-growth.
It is also has a government that has embarked on an extensive program aimed at cutting bureaucratic ‘red tape’, and at making our state the most competitive place in which to do business in Australia and New Zealand.
Whatever your field of business, look closely at the opportunities now available in South Australia, and that you will visit us soon..
We would love to see you here.