Friday, 24 November 2017 Sydney
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ACT Chief Minister Message 2010-11 Annual::

The ACT is a dynamic regional economy which is home to Australia’s national capital city, Canberra. Often labelled the “clever capital”, Canberra offers exceptional business investment opportunities where you’ll find the best-educated workforce, the highest per capita incomes in Australia and all the business services you need to realise projects or practically any scale.

 

As much of the rest of the world works its way through the after effects of the GFC, the ACT has barely paused for breath in its ongoing economic growth.

 

In September 2010 the ACT Government released its bi-annual Canberra Construction Snapshot which shows around $7.2 billion in construction works in progress in the Territory. The Snapshot describes a diverse range of projects across the Territory in 2010; $3 billion in private sector projects, $779 million in Australian Government projects, $607 million in the utility sector; and $582 million in the university sector.   

 

Looking ahead, investment is expected to remain strong with the Snapshot reporting construction projects worth around $9.2 billion planned for the years ahead.

 

This positive outlook was recently underlined by leading on-line trading house Commsec which identified the ACT [along with Western Australia] as having the best economy in Australia, citing the Territory’s consistently low unemployment and strong population growth as the key economic drivers.

 

The ACT is a great place to work and live and also a great place to invest in. I’d encourage anyone to take a closer look at the investment opportunities available.

 

 

Jon Stanhope MLA

Chief Minister and Minister for Business and Economic Development

Australian Capital Territory