↑ Private investment and economic resilience
Encourage greater private investment and support industries to scale, diversify and compete.
Vision
Goals
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↑ Productivity, innovation, competitiveness
Drive productivity gains across the economy through innovation, technology adoption, skills and smarter regulation.
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↑ Participation and regional opportunity
Lift workforce participation, capability and mobility, and support all regions to contribute to and share in Tasmania’s economic growth.
Strategic Priorities
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Unlocking private investment
Make Tasmania an even clearer, faster and more competitive place to invest
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Accelerating innovation
Build new sources of value in areas where Tasmania can compete
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Lifting productivity
Help businesses, sectors and public systems operate more efficiently
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Activating our regions
Connect regional strengths, land use, infrastructure and workforce planning
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Growing our capability
Build the workforce and skills the economy needs
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Strengthening infrastructure
Align infrastructure, energy, digital connectivity and land supply with economic priorities
In a challenging economic and global environment, Tasmania needs to make it easier for businesses, investors, workers and regions to create value. Public expenditure alone cannot deliver the prosperity Tasmanians expect. The most durable path is to improve the conditions for private investment, lift productivity, grow participation and focus government effort where it can have the greatest impact.
The Economic Diversification and Investment Strategy will provide the framework for a more coordinated approach to economic development and the decisions needed to secure Tasmania’s long-term prosperity over the coming decade.
The Strategy will help focus effort on the areas that matter most, improve coordination across government, agencies and government businesses, and guide sector strategies and industry policies. It will also support better prioritisation of public funds and clarify the information government needs to decide when, where and how to intervene.
