Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search


America’s Cup providing a windfall for Auckland

America’s Cup providing a windfall for Auckland City

Auckland City Council is welcoming news confirming the substantial cash injection into the local economy by its association of hosting the America’s Cup.

The Economic Impact Assessment Report released by the Ministry of Tourism shows the local economy has benefited from syndicate and related activity to the tune of $60m.

The job market has been bolstered by an additional 1,320 full-time jobs created over a number of sectors between 2000-2002.

Councillor Mark Donnelly, Chairman of the Strategy and Governance Committee commented, “The feeling was that the America’s Cup 2003 would have significant impact this time around. This report confirms this, indicating twice the expenditure at the same stage of the 2000 Defence.”

“This is a telling indicator of what we can expect over the next five months. During the 2000 Defence, Auckland’s economy enjoyed a $473m boost and based on today’s report, we can only predict further good news.”

Major sectors to have benefited include $23m on commercial accommodation and hospitality, construction (expanding syndicate bases), marine services, retail and entertainment and transport.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Geo-political Posturing Over China’s Cyber Hacks, Plus The Weekly Playlist

The timing was one of the weirder aspects of this week’s cyber condemnation of China by the West. Why was this piece of political theatre being staged now? China (and Russia’s) sponsoring and/or condoning of semi-state and criminal hacker groups has been known about for nigh on a decade. More particularly, Microsoft had been alerted to the flaws in its Microsoft Exchange... More>>


Government: Quarantine Free Travel With Australia Suspended

Quarantine Free Travel from all Australian states and territories to New Zealand is being suspended as the Covid situation there worsens, Prime Minister Jacinda Ardern and COVID-19 Response Minister Chris Hipkins announced today... More>>


Government: New Zealand Condemns Malicious Cyber Activity By Chinese State-sponsored Actors

New Zealand has established links between Chinese state-sponsored actors known as Advanced Persistent Threat 40 (APT40) and malicious cyber activity in New Zealand. “The GCSB has worked through a robust technical attribution process in relation to this activity. New Zealand is today joining other countries in strongly condemning this malicious activity... More>>


Government: Commits $600,000 To Flood Recovery

The Government is contributing $600,000 to help residents affected by the weekend’s violent weather with recovery efforts. Acting Minister for Emergency Management Kris Faafoi and Agriculture Minister Damien O’Connor have been in the Buller district this afternoon to assess flood damage and support the local response effort... More>>


NZUS Council: Welcomes Nomination Of Senator Tom Udall As US Ambassador To NZ

The NZUS Council welcomes the nomination of Senator Tom Udall to the role of US Ambassador to New Zealand and Samoa, NZUS Council executive director Jordan Small said... More>>

BusinessNZ: Visa Extensions Welcomed
BusinessNZ has welcomed the extension of some critical skill visa durations and changes to immigration systems to speed processing. Chief Executive Kirk Hope says move acknowledges advocacy by the hospitality sector, the BusinessNZ Network and others, and comes not a moment too soon.... More>>

Social Development: Government Initiatives Contribute To Fall In Benefit Numbers

Minister for Social Development Carmel Sepuloni has welcomed the release of the June quarter Benefit Statistics which show a continuing fall in the number of people receiving a Main Benefit... More>>




InfoPages News Channels