Eighty-one new manufacturing jobs will be created and hundreds more could follow in Adelaide, as a result of two grants worth $2.58 million which were passed as part of the South Australia Innovation and Investment Fund.
Maxiplas received $2.21 million to expand its plastic injection and rotational moulding business to provide advanced injection moulding facilities – creating 69 full-time jobs.
Astec Paints Australasia received $370,000 to install new equipment and measuring systems for its specialised coating business in a purpose-built facility at St Marys – creating 12 full-time jobs.
“This funding translates into a stronger local economy and more local jobs,” said the Innovation Minister, Senator Kim Carr.
“It reflects the determination of both governments to support the SA economy and its innovative manufacturers.
“When you add the previous allocations – in which 17 SA companies shared $18.5 million for projects – this fund has already generated more than $118 million in local investment and around 750 new jobs.”
According to SA Acting Deputy Premier, Paul Holloway, up to 300 further jobs could flow from the opening of a third round, with just under $7 million in grants still up for grabs.
“With jobs announced, it will very likely mean that over 1000 jobs will be created when the fund ends,” he said.
“This round will have a particular focus on applicants in defence and renewable energy sectors, and manufacturing and engineering industries.
“I urge businesses, particularly those in Adelaide’s southern suburbs, to apply for the millions still on offer.”
The fund is a joint $30 million initiative of the Federal and South Australian governments set up after the closure of Mitsubishi’s Tonsley Park assembly plant.
Applications close on 10 September 2010. Two information sessions will be announced shortly.