|Consultation on UHC's Draft Annual Plan is now open.|
- $2.3m fund to attract new investment funded from debt (which will only need too be drawn down as required);
- $500k economic stimulus package, generated from a $36 levy per household;
- First two years of rates waived for new investments (minimum of $20m invested and/or 75 employees);
- 3.44% increase in rates (a very modest increase);
The big question, reading between the lines of the Leader's article, is where central government fits into the economic development picture. As I've pointed out here, there's big opportunities (especially in IT) for more investment to come into Upper Hutt thanks to the Ultra-Fast Broadband roll-out. There's plenty more that central government could do though - especially in transport and tertiary training.