Topic: Business

Tough Choices To Keep Victoria’s Economy Strong

The 2019-20 Budget Update released today shows Victoria’s economy is strong and the budget remains in surplus, as the state faces weakening national economic conditions and falling consumer confidence. The mid-year update records a $618 million surplus in 2019-20, about $400 million less than forecast in May’s 2019/20 Budget. This is largely due to a […]

Categories: Media Release, Treasurer

Creating Better Health Outcomes Through Innovation

One of the world’s largest life insurance companies is expanding its footprint in Victoria in a move that will create 100 jobs and boost community wellbeing and mental health. AIA Australia is building an Innovation Lab at their existing HQ in Melbourne, where digital experts and collaborators will explore artificial intelligence, data science and machine […]

Categories: Media Release, Minister for Economic Development

Victoria Making The 1,000th Dreamliner Plane Soar

Victoria’s aerospace manufacturing expertise has played a critical role in helping the world’s most technically advanced commercial aircraft take off. Minister for Economic Development Tim Pallas today celebrated the production of the 1,000th 787 Dreamliner in a visit to Boeing Aerostructures Australia in Port Melbourne, where the wing components for the aircraft are made. The […]

Categories: Media Release, Minister for Economic Development

$520M Growth Fund To Call Melbourne Home

The Andrews Labor Government has welcomed news that the Australian Business Growth Fund will be based in Melbourne, cementing its spot as the home of capital funding. The $520 million Fund will help small to mid-sized firms expand by taking equity stakes of between $5 million to $15 million, with funds to flow from June […]

Categories: Media Release, Treasurer

It’s Official – Melbourne Is Australia’s Most Innovative City

Melbourne was today named as Australia’s most innovative city, leapfrogging Sydney to claim 11th place overall in the annual 2thinknow Innovation Cities Global Index. Minister for Jobs, Innovation and Trade Martin Pakula welcomed the release of the index, now in its 12th year, which ranked 500 cities across the world. Melbourne jumped from 16th place […]

Categories: Media Release, Minister for Jobs, Innovation and Trade

Retail Shopping Strip Forum Listening To Locals

The Andrews Labor Government is working with local communities to better understand the trading conditions for small businesses in local shopping strips in metropolitan and regional Victoria. A forum co-hosted by Minister for Small Business Adem Somyurek and Minister for Suburban Development Marlene Kairouz today heard from business owners, traders, industry experts and councils on […]

Categories: Media Release, Minister for Small Business

New Round Of Voucher Program Open For Business

Victorian businesses will have access to new opportunities to develop and grow with the opening of applications for the fourth round of the popular Boost Your Business Voucher Program. The Andrews Labor Government is calling on eligible small and medium enterprises to apply for up to $50,000 through the voucher program. Eligible streams include Advanced […]

Categories: Media Release, Minister for Jobs, Innovation and Trade

Mining Services Jobs Set To Accelerate Across Victoria

The Andrews Labor Government is supporting businesses in the mining sector to grow, innovate and connect as part of a new program launched in Bendigo. Minister for Resources Jaclyn Symes today launched the Regional Innovation Accelerator program, giving local businesses in the Mining Equipment Technology and Services (METS) sector an opportunity to discuss the support […]

Categories: Media Release, Minister for Resources, Northern Victoria Region

Victoria Leads Call For More Economic Stimulus From Feds

The Andrews Labor Government is urging the Federal Liberals to spend more and spend now to boost a slowing national economy. Treasurer Tim Pallas attended the Council on Federal Financial Relations meeting and Treasurers Forum on Population in Canberra today, where he led a call for the Commonwealth to fast-track infrastructure spending. Boosting productivity is […]

Categories: Media Release, Treasurer

Goat Soap And Melbourne Gin The Tonic For India

India’s discerning drinkers and beauty devotees will now be able to enjoy some of Victoria’s finest products thanks to the Andrews Labor Government’s support in establishing strong trade with India. Minister for Small Business Adem Somyurek attended the launch of the Melbourne Gin Company’s signature range of gins in Bengaluru yesterday after it signed an […]

Categories: Media Release, Minister for Small Business