In this section:

Archived Media Releases

Naracoorte industrial sub-division grant

Media Release | 14 May 2008

A grant from the State Government's Regional Development Infrastructure Fund will support power and water connection costs to a new industrial site in Naracoorte, Minister for Regional Development Karlene Maywald says.

The funding of $67,670 to William and Jeanette Vine for the Deviation Road Industrial Sub-division will boost industrial development in the region, providing 13 serviced allotments.

"In the next five years, the industrial development is estimated to contribute $24 million to Gross State Product and in 10 years that will rise to $37 million," Minister Maywald says.

"I congratulate all involved in developing the successful funding proposal, including the Limestone Coast Regional Development Board."

Minister Maywald says the Regional Development Infrastructure Fund increases investment in strategic areas of regional infrastructure that support job creation, investment, exports and economic growth. 

"Funding for infrastructure projects, such as the new Naracoorte industrial sub-division, have a tangible effect on regional economies, particularly in terms of output and jobs," she says.

Since 2002, more than $18 million in RDIF money has supported projects that have contributed an estimated $680 million in total investment to the State and created an estimated 2,700 jobs.