Page 2998 - Week 11 - Thursday, 22 October 1992
Next page . . . . Previous page . . . . Contents . . . . Debates(HTML) . . . . PDF . . . .
CHIEF MINISTER FOR THE AUSTRALIAN CAPITAL TERRITORY LEGISLATIVE ASSEMBLY QUESTION
Question No. 327
Business Migration to ACT
MR KAINE - Asked the Chief Minister upon notice on 16 September 1992:
(1) Will the Chief Minister provide details of businesses that have migrated into the Territory between 17 July 1991 and 30 June 1992.
(2) How many of these businesses migrated as a direct result of the activity of the
Economic Development Division of the Chief Ministers Department.
(3) How many of those businesses are still active.
(4) What are the benefits, financial and otherwise, of such migration.
What was the cost of the program to the ACT.
CHIEF MINISTER - The answer to the members question is as follows:
(1) A comprehensive listing of businesses that migrate to the ACT is not produced by . any Government or business organisation.
(2) Some of the companies which migrated to the ACT between 17 July 1991 and 30
June 1992 and were assisted by the Economic Development Division (Epp)
include:
Casinos Austria International - Will operate the Casino Canberra. Revenue from the Casino includes an upfront payment of $19 million, tax revenue of approximately $11 million per year and additional revenue from payroll tax and liquor licensing fees. Jobs created from the venture are estimated at 280 new jobs during the Casinos construction, 500 new jobs with the operation of the permanent casino and 300 during the operation of the interim Casino;
Maestro - A research and development company involved in the manufacture of modems employs nine staff;
Opium - Is developing a $13 million.switching facility at Mitchell which includes $7 million of advanced communication equipment;
Azimuth - A management and information technology consulting company from New Zealand have set up their operations in Canberra;
2998
Next page . . . . Previous page . . . . Contents . . . . Debates(HTML) . . . . PDF . . . .