Business Benchmark Achievements A Highlight Of Tasmania Together

By Ralph Kennedy,2014-12-03 16:44
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Business Benchmark Achievements A Highlight Of Tasmania Together



    Tasmania‟s performance in a number of key measurement areas over the past five years is a highlight of the Tasmania Together 20-year plan for the State.

    Important benchmarks established in 2000 were met or exceeded, placing the Tasmanian economy in a much stronger position to support business growth.

Tasmania Together Progress Board member and TCCI President Michael Kent said the

    achievements of the past five years provided a strong foundation for the future.

    Mr Kent said benchmark sectors including Tasmanians‟ participation in further education, the State‟s credit rating, private and public investment and rankings against other states in key competition areas had all improved steadily.

    For example the level of participation in VET, tertiary and university education improved from 13.7 percent in 2000 to 15.1 percent in 2003/04, exceeding the 2005 target of „progress towards 15 percent‟.

“This means that our workforce will be better-skilled in the future.

    “Improvements already achieved in labour skills, reducing industrial disputes, energy and transport costs and business taxes mean that Tasmania is better placed to compete with other States in providing an operating environment for existing businesses and attracting new businesses.

    “The upgrading of our credit rating, from Aa2 to Aa1 by the ratings agency Moody‟s and from AA- to AA and then AA+ by Standard and Poors has significantly enhanced the business operating environment.

    “At the same time, private and public investment has grown from $2.03 billion in 1999/2000 to $3.7 billion in 2003/04, representing annual growth of 14.3 percent.”

    Mr Kent said while Tasmanian exports slipped in 2003/04 and activity failed to meet the benchmark, this was caused by external factors.

    “This is a cause for concern and no doubt concerted action is required to reverse this negative trend, but overall, Tasmania has fared well based on the economic and business benchmarks established by Tasmania Together in 2000,” he said.

    Mr Kent said it was important for the business community to participate in the current review of Tasmania Together to ensure that the plan going forward accurately reflected the sectors needs and desires.

    “This important strategy for the State will run for the next 15 years and it is vital that it involves the broad cross section of the Tasmanian community, including business.

    “The updated Tasmania Together plan will provide business, all levels of government and the community with a new focus to work together for a better future for Tasmanians in the years ahead.

Business can have input in a number of ways.

Comments and submissions can be forwarded to the Tasmania Together Secretariat, GPO

    Box 123, Hobart 7001, or via the website, by email at, or by telephone on300 306 302.

“People can also comment simply by boarding the Tasmania Together information bus that

    is visiting cities and towns throughout the state up to the beginning of December.

    Mr Kent said submissions needed to be forwarded to the Tasmania Together Progress Board before Christmas.

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