A new investment arm is to be established to attract money into the State and drive economic recovery.
Premier Gladys Berejiklian said the new body, Investment NSW, would partner with key areas of the Government to “aggressively target” international and local businesses to ensure the best possible investment outcomes for NSW.
“Investment NSW will take advantage of NSW’s successful handling of the COVID-19 pandemic and our position as a safe place to do business,” Ms Berejiklian said.
“The new body reflects the Government’s central focus on jobs, skills and investment, which forms part of the NSW Government’s COVID-19 Recovery Plan,” she said.
“NSW has done a fantastic job keeping the economy alive while also focusing on the health and safety of our citizens, which means our economy now presents a great opportunity for investors as we continue to rebound from this pandemic.”
Ms Berejiklian said Investment NSW presented a timely opportunity for businesses both internationally and domestically.
“Investment NSW will be a ‘one-stop-shop’ for the private sector, allowing NSW to target new jobs and lure Australian and global investment, as well as tourists, to our State,” the Premier said.
She said that following the launch of the State’s Research and Development (R&D) Action Plan earlier this year the new body would also incorporate a new section, R&D NSW, to boost the future pipeline of ideas and companies.
Ms Berejiklian said Investment NSW would become an important arm for the NSW economy, with a focus on growing both jobs and investment.
