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SMART STATE STRATEGY

SMART STATE STRATEGY. MICHAEL TENNANT Principal Policy Advisor Smart State Strategy Unit Department of the Premier and Cabinet Michael.Tennant@premiers.qld.gov.au www.smartstate.qld.gov.au. March 2005. The Smart State Vision.

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SMART STATE STRATEGY

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  1. SMART STATE STRATEGY MICHAEL TENNANT Principal Policy Advisor Smart State Strategy Unit Department of the Premier and Cabinet Michael.Tennant@premiers.qld.gov.au www.smartstate.qld.gov.au March 2005

  2. The Smart State Vision • The Queensland Government has a vision of a State where knowledge, creativity and innovation drive economic growth to improve prosperity and quality of life for all Queenslanders

  3. The Smart State Brand • ‘Queensland the Smart State’ • ‘Sunshine State’ compared to ‘Smart State’ • ‘Smart State Brand’ compared to ‘Smart State Strategy’

  4. The Smart State Strategy • Innovation and skills strategy • Centrepiece of Queensland Government’s broader economic development strategy • Complements the Government’s: • investment in infrastructure to support private sector investment & development • sound fiscal environment • efficient tax & regulatory framework

  5. Innovation Sound fiscal environment Research & development Capital infrastructure Commercialisation Economic fundamentals Smart State Strategy Productive Capacity Industry efficiency Education & training Regulatory reform Employment programs Human Capital Relationship

  6. Why are we doing it? • To maintain & strengthen our economic growth • Innovation & skills are the primary drivers of productivity • Productivity improvement is the primary driver of sustainable economic growth • Sustainable economic growth is the driver of economic prosperity • Economic prosperity is the driver for a better quality of life

  7. What’s the urgency? • Can’t compete with low labour cost countries • Need to maintain & strengthen competitiveness of our established industries & exports • Need to broaden economic base beyond historical reliance on coal, minerals, agriculture and tourism • Need to reposition ourselves so we can compete with knowledge economies • Need to strengthen & broaden our economy to cope with a rapidly growing population • Need to use innovation to better manage and use our limited natural resources • Need to maintain and increase jobs in existing industries, create more jobs with higher salaries and create new jobs in business & industries of the future

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