The importance of government expenditure in stimulating economic growth has often been recognised because of its ability to create an environment which is growth-friendly.
A key objective for the Industry Advocate is to ensure the optimal economic benefits to the State – such as industry development and innovation – are being achieved as a result of government procurement practices.
The State spends approximately $4 billion per annum on purchasing goods and services, in addition to building and construction projects which can be in the range of $1.5 billion to $2.5 billion per annum depending on budget approvals. This expenditure can have a positive impact on a number of key industry sectors as outlined below.
Increasing the number and diversity of locally based businesses winning Government work across a range of industry sectors can drive local investment, and create strong value chains from the State’s portfolio of strategic projects. At the same time Government expenditure can support the development of the advanced services sector and leverage opportunities for innovation.
Follow the links below to learn more about how your business can be supported and the current opportunities to work with the State Government.
- Bowhill Engineering Our company plans to expand our Bowhill manufacturing facility and invest in specialised equipment and workshop extensions. The work we have on large infrastructure projects is a direct result of the South Australian Industry Participation Policy. It will be a huge boost to a small regional community like Bowhill and will provide the opportunity for young people living in the ... Read More