Southern Australia has been plagued by unemployment levels. Now, the government has announced that it will hand out cash to business across the state to change that reputation.
The government will invest $109m of state budget to provide grants up to $10,000 to small to medium sized companies for each new worker they employ.
“Lately it’s spluttering a bit and our unemployment rate is unacceptable,” said the state treasurer, Tom Koutsantonis on Thursday. “This is a way of helping them to give another South Australian an opportunity to have a job.
“South Australian businesses aren’t looking for handouts; they just want it to be a bit easier.”
Unemployment levels in Southern Australia are at around 7% but the investment has been met by some opposition.
““South Australians needed measures to reduce business costs and provide cost of living relief, but these measures were severely lacking in today’s budget,” Opposition Leader Steven Marshall said.
“Households needed immediate relief from surging bills, including electricity, water and state taxes.”
Read the July 2016 issue of Business Review Australia and Asia magazine