Over the past few years the buying habits of contractors involved on major Government funded infrastructure have begun to change for the better with a major focus on local industry participation.
We all know the benefits of the ‘multiplier effect’ in a local economy. We see the money invested in infrastructure move through the economy many times over. Initially through the wages of those working directly and indirectly on the project, their suppliers, subcontractors and service providers as they spend it in local retailers, service providers and on new homes. Then, if the investment is in productive assets such as roads, ports, health and education it will improve our competitiveness, productivity, safety and wellbeing both now and well into the future.
When all this is going on, the local economy not only benefits from the ‘multiplier effect’ but also, from our confidence. When we’re confident about the future, we invest and we grow.
Buy South Australian and keep the investment in the state.