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Tasmanian Business Reporter May 2018

Welcome to the May edition of the Tasmanian Business Reporter. What a tumultuous first week back for Tasmanian Parliament. At the time of printing, surprise Speaker Sue Hickey hinted she may not be a member of the Liberal Party for long, leaving Will Hodgman's majority Liberal Government in a state of uncertainty – for the latest update visit In this month's edition you'll read about unprecedented development and construction generating a huge economic windfall for Tasmania, a successful collaboration to promote jobs in the disability sector and details of AMC's involvement in a multi-billion dollar navy ship building program.

Tasmanian Business Reporter May

MAY 2018 TASMANIA’S LEADING BUSINESS PUBLICATION. CIRCULATION 17,000 MONTHLY Speaker Hickey swoops The $28m Silo Hotel development in Launceston. New Speaker Sue Hickey Tasmania’s Parliament was thrown into chaos on the first sitting day since the March 3 election with new Liberal MHA Sue Hickey snatching the prestigious speakership from Premier Will Hodgman’s preferred candidate, Rene Hidding. Ms Hickey hinted she may not be a member of the Liberal Party for long because some of her colleagues were upset she had accepted a nomination from Labor leader Rebecca White, which was seconded by Greens leader Cassy O’Connor. However, Mr Hodgman said the former Hobart Lord Mayor had provided a guarantee of supply and confidence in the Government. Latest update – www.tasmanian Full steam ahead Tourism leads way By TOM O’MEARA UNPRECEDENTED development, particularly in the tourism sector, is generating a huge economic windfall for Tasmania, with no signs of it slowing down. Across the state, business sector confidence is booming, as multiple multi-million projects take shape. Launceston has benefited from a huge investment courtesy of the JAC Group, with the $28 million Silo Hotel project due for completion next month and work rapidly progressing on the CH Smith site. Combined, the two projects are pumping $2 million a month into the Launceston’s economy. Up to a 100 tradies a day are working on the silo project, which will open in June providing 108 rooms with eye popping views of the Gorge and the Tamar River Valley. The development, transforming the old wheat silos into a 4.5-star hotel with conference and restaurant facilities, was the brainwave of JAC managing director Errol Stewart. It’s hoped the new, quality accommodation rooms, using $7 million worth of Tasmanian materials, will reduce the demand for Airbnb . Many buildings previously used as traditional rental accommodation have been removed from the rental lists and converted into lucrative Airbnbs to attract the accommodation spend of national and international tourists. Across the road, Mr Stewart is combining forces with architect Scott Curran to turn the controversial CH Smith site into modern office space – the major client is the State Government which will lease offices for 350 Launceston public servants from a variety of departments – as well as 330-odd car parking sites. The momentum looks set to continue, with a Development Application expected in a few months for the $50m Gorge Hotel on the site of the TRC Hotel. Continued Page 2 How TCCI MEMBERSHIP benefits your business The Tasmanian Chamber of Commerce and Industry is an independent membership organisation that positively leads and supports the Tasmanian business community. TCCI provides valuable support to its members through advocacy and a range of programs and services including: > Customised membership to achieve your business objectives > Workplace relations advice > Workplace health and safety > Networking and promotion > Training and workforce development > Events Tasmanian Chamber of Commerce and Industry Hobart | Launceston Ph: 1300 559 122 JOIN TODAY!

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