Why Invest in Tasmania
Why Invest in Tasmania
Tasmania welcomes investment from successful business owners, innovators, and entrepreneurs with the ability to operate businesses and develop business concepts that will genuinely benefit Tasmania’s economy.
Tasmania continues to hold the mantle as the state with the best performing economy with our growing economic growth.
A range of reports and analysis including ComSec's State of the States report, the ABS’s State Final Demand figures, SGS’s Australia's Economic Wellbeing report , the NAB Monthly Business Survey and the Deloitte Access Economics Business Outlook Report all rank Tasmania’s economy as one of the nation’s top performers across a range of official indicators.
Tasmania’s economy has remained resilient despite the challenges of COVID-19. Through work undertaken by the Premier’s Economic and Social Recovery Advisory Council (PESRAC), a range of strategies has been developed to minimise negative impacts of the COVID-19 pandemic while positioning Tasmania to tackle challenges and seize opportunities during and after the pandemic.
Visit the Department of Treasury and Finance for current economic data releases for Tasmania.
Our beautiful landscape and history
Tasmania is home to some of the world’s most beautiful landscapes and pristine wilderness.
Our pristine wilderness and five of our historic convict sites are listed by the United Nations Educational, Scientific and Cultural Organisation (UNESCO) as worthy of World Heritage Listing in recognition of their outstanding natural or cultural importance to the common heritage of humanity.
Tasmania’s beauty continues to support a thriving tourism sector based around our natural and heritage assets.
Our strategic location and focus on quality
Tasmania has high-quality port facilities offering access to worldwide markets. Tasmania is the only Australian state free from major pests and diseases given our stringent biosecurity standards, earning us an international reputation for safe and high-quality produce.
Tasmania is also a key strategic Antarctic gateway and critical hub for Antarctic logistics, science, and research. Tasmania’s thriving science and research sector further increases Tasmania’s attractiveness as a test-bed location for entrepreneurship and innovation.
Our natural resources
Tasmania is internationally recognised for its attributes in quality and sustainability and leads Australia in renewable energy.
Tasmania is also known for its geological diversity and abundance of rich and high-grade mineral deposits, with many opportunities for the exploration, extraction, and downstream processing of mineral resources.
Tasmania’s agriculture sector benefits from the land’s rich soil supported by reliable rainfall and water supply from rivers and large-scale irrigation expansion.
Tasmania’s aquaculture sector has also expanded rapidly and is now one of the state’s major industries. Species farmed in Tasmania include salmonids, oysters, mussels, abalone, seahorses, and seaweeds
Tasmania offers a lifestyle envied by many with its beautiful environment that allows you to follow a range of outdoor pursuits. Tasmania’s natural environment delivers a mild and seasonal climate and offers some of the cleanest air in the world. Hobart affords the most daylight hours of any Australian capital city in summer, where it is usually light until 9:30 pm.
Tasmania’s liveability is a drawcard attracting many to enjoy a balanced pace of life. For stories of many who have moved to Tasmania to live, pursue a business, work, and study, see Make it Tasmania. For virtual tours of Tasmania, visit vr.tasmanian.com.au
Tasmania offers investment opportunities across a wide range of sectors including advanced manufacturing, agriculture technology, Antarctic and the Southern Ocean, food and beverage manufacturing, tourism, international education, mining, mineral processing and resources, renewable energy, shared service centres and the defence and space industries.
Information to help you decide
We strongly encourage investors to undertake their due diligence and research concerning their business concepts and contact relevant organisations such as those listed below to gather relevant information to help inform their business plans.
What you’ll find here
Find out what being Tasmanian means and explore the stories of those that live, work, visit, study, invest and trade here.
Find a range of useful and informative resources, tools, network connections and support to help start and manage micro, small and medium enterprises in Tasmania.
Department of Health
Links to information relevant to Tasmanian public health services.
Department of Natural Resources and Environment Tasmania
Find information on the agriculture, sea fishing and aquaculture sectors and links to other topics such as biosecurity, wildlife, water, land use and property, heritage, and environmental management.
Department of State Growth
Find information and support available across topics including business and jobs, trade and migration, industry development, skills and training, the resources sector, advanced manufacturing, the cultural and tourism sectors, the defence and space industries, food and agribusiness, forestry, information and communications technology, international education, mining and mineral processing and science and technology.
Environment Protection Authority
Find information on regulation, approvals and monitoring of development and activities that may have an impact on our environment as well as best practice guidance on sustainable environmental management.
Find out how this innovation hub for Tasmanian entrepreneurs is transforming ideas into successful scalable businesses and supporting a variety of sectors, particularly technology-enabled start-ups including agritech.
Office of the Coordinator-General (OCG)
Find information on the Tasmanian Government’s approach to attracting and supporting investment in our state and the primary point of access to government for investors.
Connect with the OCG for confidential advice, support, advocacy, and tailored case management for major investment projects and proposals.
Find helpful online search tools to assist you locate relevant government services such as vehicle registration, information on registering your business, and government contacts.
Find marketing information, news, research, and support for our tourism industry.
Find out about and connect with trade opportunities in Tasmania as either and exporter, a partner or someone looking to reach existing Tasmanian markets.
Us the Tasmanian Trade Directory to help you find your Tasmanian partner, explore Tasmania’s trade and export sectors through virtual reality tours and find out how to be part of our latest international, trade missions and delegations.