A South Australian electronics company will employ 60 more people thanks to a pledge of almost $2 million from the state government.
Entech Electronics, which supplies components to medical and defence companies, will receive a grant of $1.75 million under the government’s Future Jobs Fund, Treasurer Tom Koutsantonis says.
‘They are creating high tech high skilled jobs to keep our young people here in South Australia,’ Mr Koutsantonis said on Monday.
The $200 million Future Jobs Fund aims to create jobs in advanced manufacturing, renewable energy and biomedical research as the economy moves away from traditional manufacturing after the closure of Holden’s Elizabeth plant in October last year.
‘Advanced manufacturing is not the thing of the past, it is the thing of the future,’ Mr Koutsantonis said.
The money will go towards job creation, construction of a new factory and doubling production capacity, managing director Wayne Hoffman said.
‘This investment in Entech represents the single largest project we have embarked on.’