“Invest in – South Australia” has been made for global investors to connect with businesses in South Australia that have investment-ready projects.
Managed by the Department for Trade and Investment, the site has been actively promoted in recent weeks with new companies listed regularly.
Companies are listed by industry, following the state government’s nine priority sectors, and include 28 projects in industries as diverse as biotech and bakeries.
Energy and mining projects on the list include the Andromeda halloysite-kaolin mine with an investment range of A$5-10 million and the Twin Creek Wind Farm coming in at $450 million.
Pre-seed investments are being sought for the NETGIGS online pay-per-view streaming service, while the Dulwich Bakery is looking for $2 million for its expansion plans.
The department is pitching South Australia as a much less expensive place to run a business, stating that there is no payroll tax for wages under $1.5 million and wages are 13.6 per cent below the national average.
South Australia also has three state-of-the-art collaboration centers – Lot Fourteen, Tonsley Innovation District and BioMed City – as well as $90 billion worth of defence projects in the pipeline.Jump to next article