Cool – $500 Million From Government To Create A “Silicon Valley” in Western Sydney…Hold On…WTF?!?

9:21 am

So the Daily Telegraph “can reveal” that the NSW Government is going to be creating a Silicon Valley for the Western Suburbs of Sydney.

“A $500 million plan will go before a Cabinet budget committee tomorrow to declare 10,000ha of western Sydney a “special economic zone”.

It will be the largest in Australia and is expected to create employment for thousands of workers in new hi-tech, IT and bio-medical industries as well as blue collar manufacturing.”

The plan sees business “given payroll tax and land tax reductions to set up in the area” with supporting transport/infrastructure to be built connecting the centre to other areas (other areas where people actually live and work, that is…)

I haven’t seen the fine print so I don’t know if it’s the Government trying to spin this as a Silicon Valley, or the Daily Telegraph.

Either way, I can’t believe that a Government in Australia has missed the mark by so much, again.

I swear if you look closely the lion in the State coat of arms is poking its tongue out at us :(

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