NSW Government's Drought Stimulus Package Providing $4.4 Million Industrial Area

NSW GOVERNMENT’S DROUGHT STIMULUS PACKAGE PROVIDING $4.4 MILLION FOR NEW INDUSTRIAL LAND

A new industrial precinct providing the infrastructure local businesses need to expand, invest and generate jobs will be developed in Cobar, thanks to funding from the NSW Government’s $170 million Drought Stimulus Package.

Deputy Premier and Minister for Regional NSW John Barilaro said the $4.4 million will deliver essential services such as electricity and telecommunications as well as roads, kerbs and gutters to power the brand-new Cobar Industrial Subdivision project.

The council-owned land will feature 28 new industrial blocks laying the foundation for future business growth. 

The stimulus package funding will also generate jobs immediately for local tradies and suppliers who will in turn spend their wages in local cafes, retail stores and services.

Mr Barilaro said regional NSW is struggling through one of the worst droughts on record and the crippling impact goes beyond the farm gate. 

“Farmers are being hit hard by drought but not every business in the bush grows crops or raises livestock, so it’s vital to support off-farm industries by driving business activity and generating new opportunities,” Mr Barilaro said.

The Drought Stimulus Package will strengthen the resilience of towns, businesses and farms in regional NSW, improving the ability of off-farm industries to continue to operate when water is scarce.

For further information go to http://www.nsw.gov.au/droughtstimuluspackage