Back to Work: Victorian Labor’s Plan for 100,000 jobs
The Back To Work plan includes:
The Back To Work Act – a $100 million fund to provide payroll tax relief to companies hiring unemployed youth, the long-term unemployed and retrenched workers into full time work. It will support the creation of 100,000 full time jobs and will be introduced during the first sitting week of the new Parliament.
The Premier’s Jobs and Investment Panel – an independent body of senior business and industry leaders, providing direct advice to the Premier on the expenditure of $500 million for jobs and investment.
The Future Industries Fund – a $200 million grant program to support job-creating projects in six identified high-growth areas, including pharmaceuticals, new energy, food and fibre, and international education.
The Regional Jobs Fund – a $200 million investment fund to support job-creating projects in Regional Victoria; part of a broader package to be announced in the coming weeks.
The plan will also introduce reverse super trade missions, to bring international business leaders to Victoria, and establish new Victorian Government Business Offices in South America, Turkey and Singapore.
Back To Work was developed in consultation with experts in business, industry and research. It focuses on six sectors with potential for extraordinary growth, six sectors in which Victoria is ready to lead the world:
- Medical technology and pharmaceuticals
- New energy technology
- Food and fibre
- Transport, defence and construction technology
- International education
- Professional services
The plan will arrest Denis Napthine’s job crisis and target those in need: young people who can’t find a job, the long-term unemployed and recently retrenched workers from struggling companies across our state.
It’s also about Government and business working together, using the power and insight of the private sector to encourage job growth, cut through the bureaucracy and make the right decisions for our future.
Back To Work builds on Labor’s previous announcements, including Project 10,000 to create 10,000 construction jobs. Labor’s plans for skills, training and innovation will be announced in the coming weeks.