[MEDIA RELEASE] State Budget

NTDC Response to State Budget

Northern Tasmania Development Corporation (NTDC) has welcomed record spending on health and infrastructure, a renewed focus on skills development and mental health initiatives, and circular economy investments in today’s state budget.

NTDC chief executive Mark Baker said 2020 had been an incredibly challenging year for businesses and communities and it was important the budget focussed on rebuilding confidence.

“COVID-19 has been a health crisis that has caused, through the need to react to best medical advice, an economic crisis and it is pleasing to see the state government use Tasmania’s strong economic position and balance sheet to rebuild,” he said.

Mr Baker said there were several initiatives that would help stimulate Tasmania’s economic recovery but the $30 million for waste and resource recovery initiatives was particularly exciting as the state embraced circular economy opportunities.

“We know Tasmania is a world leader in renewable energy and further investment in recycling, waste minimisation and circular economy initiatives will see us continue to drive that,” he said.

Mr Baker also said money allocated to planning the redevelopment of UTas Stadium at Inveresk was a win for the entire Northern Tasmanian region.

“The stadium is an asset of regional significance and this funding allows for plans to be made for it to be used for more types of events in the future,” he said.

“It has long-term strategic value as the state builds momentum for its own AFL team and makes a compelling bid to host Women’s World Cup games in 2023.”