New South Wales is losing significant business and job opportunities to Victoria because the Berejiklian Government has failed to offer the state as a more attractive place to do business.
A number of multinational companies have recently picked Victoria over NSW to set up their Australian headquarters including e-commerce company Alibaba, cloud-based accounting company Xero and American technology company Go Pro while retailer David Jones also packed their bags to move south after 178 years in Sydney.
The Victorian Government offers incentives including payroll tax relief and has a long history of encouraging businesses to set up and expand.
The multiple rebuffs come after the Berejiklian Government’s grand plans for a technology hub at White Bay Power Station fell flat when Google backed away from negotiations to move its headquarters to the Rozelle site because the Government couldn’t guarantee improved public transport to and from the area. Google was set to be the site’s head tenant to lure other technology firms and start-ups.
It is not just businesses heading to Victoria with ABS data showing 11, 733 people left NSW for other states and territories in the 12 months to September 2016.
Quotes attributable to Shadow Treasurer Ryan Park
“Not only is the Berejiklian Government failing to keep residents in the state, they’re failing to attract big businesses including technology start-ups to set up shop here.
“There’s been no wage increases while the Premier’s done nothing to bring down the cost of living for people- it’s no wonder people are fleeing in huge numbers elsewhere.
“The technology hub at Rozelle is dead in the water because there was no adequate transport plan while other companies are setting up their HQs down south in droves because the Victorian government’s making them a better offer.”