Local Jobs Fund delivering more jobs for Territorians
Territory-based SPEE3D is the latest local business to benefit from the Local Jobs Fund, with a $2.75 million investment by the Northern Territory Government.
The concessional loan will help SPEE3D establish a research and development headquarters in Darwin and create 24 new local jobs.
Economic modelling done by the Department of Trade, Business and Innovation shows this project will directly grow the Territory’s economy through exports by $58 million, with a further flow-on effect to Gross State Product of $55 million over 5 years.
Read the full media release on the Northern Territory Government Newsroom.