With its prime location between Sydney and Newcastle, easy transport links, and a mobile, skilled workforce the Central Coast is an excellent choice for an investor to start or expand their business.
The 2018/19 Budget allocated $168 million for road upgrades across the Central Coast and $47 million towards the new Gosford and redeveloped Wyong Hospitals. The $2.3 billion Intercity Fleet is due to rollout in 2019. This includes the $300 million Intercity Fleet Maintenance Facility at Kangy Angy. It is anticipated there will be 200 operational jobs at this site.
As part of the Budget the payroll tax threshold will be progressively lifted. From 1st July this year it rose to $850,000 from $750,000. It will rise to $900,000 in 2019-20, $950,000 in 2020-21 and $1 million in 2021-22. I acknowledge the continued role and sustained advocacy of the Central Coast Business Chamber in advocating for payroll tax reform. Nearly 40,000 NSW businesses will save up to $5,450 each in 2018-19 and up to $13,625 per business in 2021-22.
$52 million was committed in May for infrastructure and public space upgrades as part of Gosford CBD revitalisation. The plans, developed in consultation with the NSW Government Architect are currently on exhibition. After several stop-start attempts over the years that have fatigued Gosford and Central Coast residents, I can assure the community that tangible progress is underway.
Throughout 2018 I have visited major employers on the Central Coast to understand their issues, and understand what the NSW Liberal National Government can do better. I look forward to continuing these visits to assist our Government drive greater business investment and job creation on the Central Coast.
Scot MacDonald MLC, Parliamentary Secretary for the Hunter and Central Coast