Adelaide most competitive place to do business

No thanks, the economics of coal is now defunct.

 

Sure, but i think the fundamentals are in place to attract more like minded companies.

Why Entrepreneurs Are Heading to South Australia

 

yeah maybe...but there is very stiff competition- both within australia and from outside. The whole of australia is finding out these days what competition means...

 

South Australia's electricity price woes are more due to gas than wind

 

For sure, interuptive technologies and business models are currently radically changing the landscape. But i believe Australia in general has very unique geo/pollitical, natural and enviormental advantages. We just need to be savvy enough to leverage on this.

We have built prosperity on primary industry in this country and those industries are and will always be essential. (Even in these old industries there is scope and opportunities for further exciting inovation, especially agriculture).

Imo we also need to be on the fore front in adapting to the new dynamics in the market. Case in example is the developing market in renewable industries and the many opportunities this will bring. Okay as pointed out in the above posts not everyone agrees. Putting this aside take into consideration we have a world leading CEO now building the worlds largest battery of its type in SA. This will not just benefit the state in itself, but will have larger flow on benefits that will come from being in the global spotlight for such inovation.

 

Can Tesla and Blue Sky make Adelaide a start-up hub?

As pasted from financial review:

Adelaide is known as a city of churches, pie floaters, and lately, blackouts. Can it be a city of start-ups?

Blue Sky Venture Capital thinks so. The VC arm of ASX-listed Blue Sky Alternative Investments last week won a mandate to manage a $50 million venture capital fund for the South Australian government, and it has already made its first big hire for the new endeavour.

Atlanta Daniel, a well known entrepreneur and investor, and a prominent member of the Melbourne start-up scene, has joined the firm as an investment director. She will relocate to Adelaide over the next few weeks to work specifically on the new fund.

"It's super exciting," she tells The Australian Financial Review. "There is such a strength of opportunity there in lots of verticals, from defence, medtech, agtech, new energies, autonomous vehicles. We can really be world leading in these things, not just nation leading, but world leading

South Australia is having a bit of a 'moment' on the national (and even international) stage right now.


Last week, it was in the spotlight after the state government awarded a tender for the world's biggest lithium-ion battery – which will be used to store solar energy and support a flailing electricity grid – to billionaire Elon Musk's auto, storage and solar company, Tesla.

The question is whether the state responsible for Penfolds Wines, Coopers Brewery and Rupert Murdoch can sustain this momentum, and turn itself into an innovation hub.

Start-up potential
Ms Daniel thinks so. Its commitment to renewable energy, a relatively low cost of living and "excellent" universities will appeal to entrepreneurs, she says. And, just as Melbourne has forged a reputation as a hub for creative and design start-ups, reflecting the character of that city, so too could South Australia in areas where it has natural strengths. "This happens to be the right place to do certain things," she says. "Physically, geographically, just by the nature of where it is."


For example, it happens to be good place to launch things into the sky. Fleet, an Adelaide based nano-satellite start-up, raised $5 million from Blackbird Ventures and other investors earlier this year and on Monday opened a European office in the Netherlands. The state is also home to Australia's pre-eminent wine region and the first to allow driverless car trials.

Ms Daniels previously ran Signal Ventures, a seed stage fund, which was quietly wound up earlier this year. "One of the thing you have got to do if you are an entrepreneur is try stuff and see how it goes," she says. "It was smarter financially, for us to do what we did."

Before Signal, she worked at Larry Kestelman-backed Oxygen Ventures, founded her own tech recruitment agency, and worked in the advertising industry.

The South Australian venture capital fund will invest in "high growth and export potential companies" originating from (or willing to relocate to) South Australia in pretty much all sectors, besides property development and traditional finance. To avoid perceptions it is "picking winners", it can only invest alongside other private investors.

 

SA jobs: Tic Toc online home loans to add 200 new Adelaide workers

The South Australian Government says it has lured 200 new finance sector jobs to Adelaide, showing the state is a competitive place to do business.

At a time when a proposed state levy on five big banks was announced as part of the recent SA budget, Investment Minister Martin Hamilton-Smith said a $900,000 grant had attracted the 200 jobs.

Bendigo and Adelaide Bank, in conjunction with another firm, Tic Toc, will process online home loans at an expanded operation in the Adelaide CBD.

Mr Hamilton-Smith said business costs were competitive in SA.

"South Australia is a really competitive place for businesses like this in the high-tech space," he said.

"You can set up in South Australia far less expensively than Sydney or Melbourne — your money goes a lot further here."

SA jobs: Tic Toc online home loans to add 200 new Adelaide workers - ABC News (Australian Broadcasting Corporation)

 

Batteries fail to spark | The Spectator Australia

 

Elon Musk to unveil Mars mission in Adelaide

Elon Musk to unveil Mars mission in Adelaide | The New Daily

 

This is an old argument that all cheaper cities worldwide have used time and again.
The argument is based on just that above - costs to set up and operate.
This is only one part of the equation.. Need to look at things like availability of talent pool, age of workforce ( at a time when a lot of young skilled are fleeing Adelaide in huge numbers), access to markets and people who buy (how bout making accessibility to larger markets easier..?) etc...
My point here is despite syd/Mel having huge costs for starting up, the other factors as discussed above (many more I'm sure) make it worthwhile for a lot such as Boeing and Amazon of recent.

 

News
$7 million Business Attraction Fund for Northern Adelaide Food Park

“South Australia is a global leader in growing clean and green produce and the food industry continues to grow at a record rate,” Mr Weatherill said.

“In December, our food and wine revenue hit a record $18.64 billion and created 3400 jobs in the past year and we’re pleased to continue supporting this industry through the Northern Adelaide Food Park and these grants.”


$7 million Business Attraction Fund for Northern Adelaide Food Park - Look North

 

Shorten calls for more love for SA

"Now it is time for the SA economy to get a bit of backup from Mr Turnbull."

Mr Shorten said a Labor federal government would provide $45.6 million to fund the Northern Adelaide Irrigation Scheme which would deliver water to 300 hectares of agricultural land and create 3700 jobs.

He said the coalition should also back the project immediately"


Shorten calls for more love for SA

 

You definitely can't do it without both - looking at the tech boom in Texas at the moment outstripping Silicon Valley shows how you can swing industries to cheaper areas, but only if they also invest in a pool of skilled talent who can feed into the employment opportunities.

 

State of the States: SA ranked number one for business investment

"The July 2017 edition of the regular business report found business investment in South Australia in March was 7.2 per cent higher than the long-term average, and a huge 19.3 per cent up over the past 12 months."

State of the States: SA ranked number one for business investment - InDaily

 

As pasted from Fin review:

Hong Kong property entrepreneur Allan Zeman targets SA's Cleland Wildlife Park


Allan Zeman, who turned around Hong Kong's Ocean Park theme park and gave Disneyland a run for its money, is consulting on the future of Cleland Wildlife Park, a tired attraction in the Adelaide Hills, as a prelude to possibly investing in it.

Developer Mr Zeman, also known as Hong Kong's "Father of Lan Kwai Fong", for bringing life to the former British colony's now famous nightlife district and who owns entertainment precincts in mainland China and a stake with DreamWorks Animation in Shanghai Dream Centre, said a facility such as the state-owned Cleland was well placed to tap China's growing tourist market as outbound travellers rose from the current 130 million to 200 million by 2020.

"We're in, I think, stage one of the consultancy," Mr Zeman told The Australian Financial Review. "It's a wonderful place. It's got all the software, meaning that it's got all the animals – kangaroos, you name it – but the hardware, literally, doesn't exist. It looks like it's 75 years old."

The 50-year-old theme park, which gives visitors up-close encounters with animals including kangaroos, koalas and wombats in a bushland setting, could benefit from the expertise of Mr Zeman, nicknamed "Hong Kong's Mouse Killer" for the way he turned around Ocean Park and boosted it to record ticket sales even as Walt Disney reported a fall in attendances at Hong Kong Disneyland.
But it's not just a regional Australian story. Cleland is in a similar position as much of Australia's other tourism and visitor infrastructure – it desperately needs private investment to stay relevant. In Sydney, the $3.7 billion worth of development expected at Circular Quay over the next eight years is being funded by private money, some of it offshore.

Mr Zeman, who counts businessmen Solomon Lew and Lindsay Fox among his friends, has no investments to date in this country, but said soaring prices in Hong Kong and in many Chinese cities had made land unrealistic and it was prompting developers to look further afield, principally to south-east Asia, but also into Australia.

"I think Adelaide is the best kept secret in Australia at the moment," he said. "I think that many people in parts of Australia maybe look down upon Adelaide, but … it's beautiful. If it goes further, we will see about potentially investing, or potentially government investing."

South Australian Environment and Conservation Minister Ian Hunter confirmed the involvement.

"We are interested in the idea of redeveloping Cleland Wildlife Park into a larger precinct with more activities and adventures, and have talked with Allan about how to make this work," Mr Hunter said.

The relationship, which began with an offer by state Governor Hieu Van Le in 2011 to give Hong Kong koalas led to the opening of an SA-themed exhibit at Ocean Park in 2015. SA Premier Jay Weatherill last met Mr Zeman in Shanghai in May, at the time of the Port Adelaide-Gold Coast Suns AFL game.

The relationship has already benefited the central state. Mr Zeman said he had helped SA get a direct flight to Adelaide from Guangzhou by China Southern airlines.

"You need to get flights to Adelaide," he said. "You need to get more flights from China, because right now the flights mostly serve Melbourne, Sydney and Brisbane."

Cleland, a 20-minute drive from the Adelaide CBD, had the same opportunity as Ocean Park, of which he became chairman in 2003.

"When I first saw Ocean Park it was in a similar state as Cleland park," he said. "It was a typical kind of government-run park that was literally falling apart, lacking the TLC of entrepreneurship. I think the potential for Cleland Park is enormous, similar to what we did with Ocean Park."

 

Adelaide Casino's $330 million redevelopment confirmed with more hotel rooms planned

Adelaide Casino's $330 million redevelopment confirmed with more hotel rooms planned - ABC News (Australian Broadcasting Corporation)

 

New craft beer brewery planned for Port Adelaide

“There’s a lot of good things happening down at Port Adelaide; there’s a lot of new restaurants and a few pubs being redeveloped, so if we can get the brewery down there and have a front-of-house offering then we can add to the development of Port Adelaide.”

New craft beer brewery planned for Port Adelaide - InDaily

 

yeah, i agree need both.
they need to retain the young skilled and without applicable jobs for them, they will continue to flee to mexiclo. Not an easy one to solve. Like i said above, they have stiff comprtition for those jobs. The size of the pie that has those jobs isnt large and not getting much/any bigger either.
Brisbane also faces similar challenges, although not nearly as severe- mexico still has a stranglehold on jobs applicable for say 28-40 age group and is the numero uno destination and preference for the vast majority of that age group.
The ability to attract and retain this age group is going tio be key to future/longer term CG. This is also why a lot of BRICS and surrounding countries have done well- its not just cheap labour- just as much, its the number of younger skilled applicants in the market. This is a massive incentive to companies - cheaper costs and large skilled talent pool to pick from. No wonder they attract so many companies and operations.

 

Very nice beer. And completely agree with what's going on down at the port. Everytime I go there seems to be a bit more life in the place.

Noted that each time I've gone there it's been to go have a nice lunch in the new restaurants/pubs.

 

Wheres my invite?