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SA's top 10 economic priorities: Premier

15 August, 2014

SA Premier the Hon. Jay Weatherill announced the state's top ten economic priorities to shape the future of the State at a CEDA forum in Adelaide.

The Government's top ten economic priorities include:

1. Unlocking the full potential of South Australia's resources, energy and renewable assets
2. Premium food and wine produced in our clean environment and exported to the world
3. A globally recognised leader in health research, ageing and related services and products
4. The Knowledge State - attracting a diverse student body and commercialising our research
5. South Australia - a growing destination choice for international and domestic travellers
6. Growth through innovation
7. South Australia - the best place to do business
8. Adelaide, the heart of the vibrant state
9. Promoting South Australia's international connections and engagement
10. South Australia's small businesses have access to capital and global markets

Read the SA Government's economic priorities document

Weatherill's announcement follows the release of a report by the Economic Development Board in South Australia (SA).

On 11 August 2014, the Economic Development Board also released the summary of its Top 10 Identified Actions for the SA economy as part of the Shaping the Future of SA program.

The program was sparked by a CEDA Trustees meeting in November 2013, where His Excellency Rear Admiral Kevin Scarce, AC CSC RANR called upon CEDA Trustee members to help address the current challenges facing South Australia.

In response, Shaping the Future of SA foundation partners BankSA, CEDA, Flinders University, the SA Department of State Development and KPMG developed a program to help inform decision making.

The Program was designed to deliver actions that can, with appropriate political support and energy, be quickly implemented broadly within the existing resource base.

After consultation with over 2500 people and seven events, the final report was delivered to the Economic Development Board (SA) by the foundation partners, with a summary publically available online.

The report's summary includes the top ten identified actions. They are:

1. Create a vision for South Australia
2. Improve South Australia's inbound and outbound trade
3. Reduce the burden of regulation to drive economic growth
4. Unlock funding to grow South Australian business
5. Strengthen linkages between business, universities, research institutions and government to drive innovation
6. Create roundtables for South Australia's strategic growth industries
7. Skill business leaders to grow globally competitive businesses
8. Commercialise more intellectual property
9. Maximise the effective use of South Australia's existing infrastructure
10. Increase skilled migration to South Australia

Read the full summary of Shaping the Future of SA

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