Our region is emerging as one of South Australia's fastest growing job hubs.
Regional Development Australia Murraylands and Riverland has identified a potential investment pipeline for private investment of $165 million across the region, including $99 million in the agricultural and associated supply chain sector and $66 million in tourism.
This will create more than 1000 jobs across Australia - including 750 jobs in our region - from the agricultural and supply chain investment alone.
Agricultural pursuits will see the Murraylands economy grow by $158 million, and by $230 million nationally.
These figures exclude the impact of Thomas Foods International's rebuild of its Murray Bridge processing facility. The flow-on from this project alone will add $1 billion to the Murraylands economy as well as 2000 direct and 4800 indirect jobs.
So what do these figures mean for our region?
If the business investment pipeline can be realised, our future looks bright for jobs and economic growth.
Investment plans range from large existing businesses wanting to expand through to smaller artisan producers who are looking to capitalise on their entrepreneurial talents.
These businesses are committed to the Murraylands with no shortage of consumer demand. Their challenge lies in overcoming capital restraints to unlock investment potential as borrowing funds from a bank is not always the best solution.
Elsewhere across regional Australia businesses are becoming more innovative by seeking out opportunities for co-investment and other partnership models.
One of the areas in which South Australia punches above its weight is business migration and this could provide a regional source of investment.
Establishing a successful partnership relies on being able to understand and clearly articulate the offer and return on investment.
To access free business support contact RDAMAR on 8535 7170 or visit 137 Adelaide Road, Murray Bridge.