Competitive business environment
South Australia's commitment to maintaining a competitive environment for investment, trade and business development has been critical to recent growth.
KPMG's 2010 report rated Adelaide as one of the two most cost-competitive locations in Australia in which to do business.
Our well-developed industry base, a highly skilled and flexible workforce and world-class education and health systems are instrumental to the development of business and investment opportunities in new and existing sectors.
Expansion of the state’s education, mining, defence and service sectors, along with the emergence of new cleantech industries and innovative information technology capabilities, are positioning South Australia for strong economic growth in the coming years.
We are actively building on our traditional strengths in advanced manufacturing, food and wine, and agriculture and becoming known as a place where intelligence, creativity and innovative ideas are contributing to a knowledge-based future.
South Australia's 'green' credentials are second to none. South Australia is a world leader in introducing climate-change legislation and is actively pursuing investment in renewable energy sources such as wind, solar, geothermal and wave power.
South Australia's competititive advantages have led to its status as an expanding and diverse economy:
- An ambitious and successful red-tape reduction program
- Quick mining lease approvals, with a six-month turnaround
- Major reforms including a residential building code and The 30-Year Plan for Greater Adelaide supporting best-practice planning
- The first state in Australia to require use of the Business Cost Calculator for all significant Cabinet decisions
- The dedicated Invest in South Australia team facilitating major investment.