Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Report Highlights Wellington’s Economic Opportunities

Hon Steven Joyce

Minister for Economic Development

30 April 2013 Media Statement

Report Highlights Wellington’s Economic Opportunities

Economic Development Minister Steven Joyce today released a never-before-seen insight into the economic performance of New Zealand’s regions, including the Wellington economy.
 
The Regional Economic Activity Report pulls together for the first time in one place the available economic data on all of our regions. It also provides a breakdown at the regional level some of the specific initiatives the Government has underway under its Business Growth Agenda.
 
“The report is designed to encourage more debate about what it takes for a region like Wellington to be successful, and to more clearly link the decisions that are made by local stakeholders about resource allocation and usage to the number of jobs available in a region,” Mr Joyce says.

“It is my expectation stakeholders will want to use it to compare and contrast the economic fortunes of different regions around the country, and ask themselves what lessons and opportunities there are for growth and jobs in their region.
 
“The report shows the strengths, challenges and opportunities in the Wellington economy. In particular it highlights the chance to internationalise Wellington’s business services firms, which are largely focussed on Government as their key client, and for the region to further boost its tourism takings.”
 
The report shows that Wellington employs 235,460 people, or 12.2 per cent of jobs in New Zealand, and the average household income is $88,900, above the national average of $80,600. The largest industries in Wellington are public administration or safety, professional, scientific and technical services, and healthcare and social assistance.
 
Mr Joyce says the report will be updated annually and the next report will include a new official measure of regional gross domestic product. This will be produced by Statistics New Zealand and initial data up to 2010 will be available in June this year.
 
“Our Business Growth Agenda is playing an important part in growing the Wellington economy by building the Wellington Airport to Levin Road of National Significance, upgrading commuter rail, rolling out ultra-fast broadband across the region, supporting research and development through Callaghan Innovation and the National Science Challenges, and funding for irrigation development.
 
“Nothing creates jobs and boosts incomes better than business growth.  For New Zealand to build a more productive and competitive economy, we need all of our regions to achieve to their potential.
 
“Each region needs to assess its performance and decide whether it is willing to take the opportunities that exist for jobs and economic growth.”

The report is available at: www.mbie.govt.nz/regions

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

NASA: Seven Earth-Size Planets Around A Single Star

NASA's Spitzer Space Telescope has revealed the first known system of seven Earth-size planets around a single star. Three of these planets are firmly located in the habitable zone, the area around the parent star where a rocky planet is most likely to have liquid water. More>>

ALSO:

Auckland Transport Case: Men Guilty Of Corruption And Bribery Will Spend Time In Jail

Two men who were found guilty of corruption and bribery in a Serious Fraud Office (SFO) trial have been sentenced in the Auckland High Court today... The pair are guilty of corruption and bribery offences relating to more than $1 million of bribes which took place between 2005 and 2013 at Rodney District Council and Auckland Transport. More>>

ALSO:

Hager Raid: Westpac Wrong To Release Bank Records To Police

The Privacy Commissioner has censured Westpac Banking Corp for releasing without a court order more than 10 months of bank records belonging to the political activist and journalist Nicky Hager during a police investigation into leaked information published in Hager's 2014 pre-election book, 'Dirty Politics'. More>>

ALSO:

EARLIER:

Crown Accounts: Government Ekes Out Six-Month Surplus Of $9M

The New Zealand government eked out a tiny surplus in the first six months of the fiscal year as growth in domestic consumption lifted the goods and services tax take, while uncertainties over the Kaikoura earthquake costs meant expenses were less than expected. More>>

ALSO:

Almost 400 Jobs: Shock At Cadbury's Dunedin Factory Closure

Workers at Cadbury in Dunedin are reeling after learning this morning that the iconic Cadbury factory is to close, with the loss of almost 400 jobs... “The company had reported it was doing well and this has come out of the blue,” says Chas. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news