Hidrive will soon see a $1.6 million dollar upgrade to its Goulburn manufacturing facility which includes a Multi Booth Flow Through Paint Finishing line and other advanced manufacturing equipment to drive job
creation, with significant support from the NSW Government’s $40 million Regional Job Creation Fund.
Member for Goulburn Wendy Tuckerman said the project will soon be underway thanks to second round of the Regional Job Creation Fund which has awarded $820,000 towards the total $1,655,998 project cost.
On site today, Mrs Tuckerman said the NSW Government is committed to assisting regional business such as Hidrive to expand their operations.
“The Regional Job Creation Fund continues to attract new investment from businesses and enables economic recovery across agriculture and manufacturing industries – ensuring that they continue to thrive now and into the future.”
“The projects to be delivered under Round Two are prime examples of what the Regional Job Creation Fund was designed to deliver, and I’m thrilled to support these companies in expanding operations and creating new jobs that will support economic growth in our regions.”
Hidrive’s CEO, Stan Eagle, welcomed the announcement.
“This investment is the catalyst to Hidrive’s ability to scale up the business’s Goulburn NSW manufacturing operations to meet existing and future demand, furthermore, it is always rewarding add new talent to our amazing team who continue to achieve extraordinary results, and in turn make a positive contribution to Goulburn”.
“The new paint finishing line and associated machinery will substantially increase production efficiencies which will result in additional employees in the paint finishing line. Additionally, it provides both trades based and professional career opportunities throughout other areas within the Goulburn facility including manufacturing operations, assembly operations, engineering, and administration” Mr Eagle said.
Deputy Premier and Minister for Regional NSW Paul Toole said the NSW Government’s $140 million Regional Job Creation Fund is on track to create over 6,500 new direct jobs in regional NSW by helping businesses expand production and provide incentives to move operations to the bush.
“The Regional Job Creation Fund continues to attract new investment from businesses and enable economic recovery across agriculture, manufacturing and tourism industries and ensure they continue to thrive now and into the future,” Mr Toole said.
“This fund allows businesses to fast-track their growth plans, expand their operations and creates a solid base for job creation in regional NSW.
“This funding exemplifies the NSW Government’s commitment to build robust regional economies, which is giving businesses, employees and their families confidence in the growth and prosperity of regional NSW.”
Under the Regional Job Creation Fund, eligible businesses could apply for grants to support the purchase of new equipment, expand facilities, create new iconic tourist experiences and visitor attractions or relocate businesses from out of state to regional NSW, which will lead to the creation of new jobs.
An additional $100 million for the Regional Job Creation Fund was included in the 2022/23 Budget. Further details will be available later in 2022. For more information, go to: http://www.nsw.gov.au/RJCF