Rising to the challenge
Victoria is part of an interconnected global economy. And like economies across Australia and around the world, we’re experiencing the challenges of slowing productivity, inflation and elevated interest rates. Victoria is part of an interconnected global economy. And like economies across Australia and around the world, we’re experiencing the challenges of slowing productivity, inflation and elevated interest rates.
We also know that as a state, we can do better when it comes to doing business with business. Listening to our partners in industry, we’ve heard there is more we can do to stimulate innovation and investment, reduce the regulatory burden – and make sure we’re bringing workers and communities with us.
The Economic Growth Statement is aimed squarely at addressing these challenges – and enabling both government and business to build a strong economy and future.
Through tangible and practical changes, we will make it easier, simpler and faster to do business here in Victoria.
We will respond to the challenges, with four key actions, informed by feedback from business and industry:
- Open Doors: Backing business to invest, expand and innovate
- Cut Red Tape: Making it simpler to do business in Victoria
- Build New Skills: Ensuring a workforce that’s ready to go
- Reach Every Community: A strong Victoria underpinned by a strong regional Victoria
Updated 10 December 2024
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