Tag: environmental services industry

When is the new ‘golden age’ for NSW industrial services industry?

Posted September 24, 2018 08:00:01 The next wave of growth for NSW’s industrial services sector is going to be a period of sustained growth.

That’s the message from industry leaders, with a new forecast that predicts the sector will see a 15 per cent increase in growth from 2020 to 2021.

Industry leaders are calling for an ambitious investment plan to help them grow faster than the global average.

Photo: AAP/Karen Morris The NSW Government says the new industrial services forecast is the most ambitious since 2000.

Industry Minister Mike Baird has outlined a plan to create 500,000 jobs and boost productivity, but he says it will not happen overnight.

“The long-term vision for our industrial services is a vision that we will continue to create jobs and growth in NSW and beyond,” Mr Baird said.

“That vision is to achieve our targets for economic recovery by 2025 and to achieve a recovery of 4.5 per cent by 2031.”

In a report released on Monday, the NSW Institute of Technology’s National Industrial Policy Research Centre says the industrial services market in NSW is expected to grow at 4.6 per cent per annum from 2020, which is well above the global economy.

“It will take some time for NSW to reach this goal,” the institute said.

The NSW Institute for Industrial Studies has also forecast a 15-per-cent increase in industrial services investment.

“This is a key indicator of the industry’s growth potential in the long-run,” the NSW government’s new industrial service chief executive, Richard Tinkler, said.

NSW is the world’s fourth-largest economy and the second-largest in the world.

“We need to be investing in the industrial sectors that will generate jobs for future generations, rather than just looking at short-term growth,” he said.

Mr Baird has set a target of 5 per cent annual growth for the NSW economy by 2025.

The state’s unemployment rate has fallen to 7.5 percent, but Mr Tinkling said the state’s economy was still growing.

“For the last decade or so, we’ve been seeing some very positive trends in the state of NSW, but we are still seeing significant challenges,” he added.

Mr Tinkle said the industrial service industry was expected to produce an average of 150,000 new jobs in 2021.

He said it was expected that the sector would generate over $1 billion in annual income, but the state could face some challenges in the short- to medium-term.

He predicted the industry would grow at a rate of 5.5 to 5.8 per cent a year, depending on the level of investment.

Industrial Services Australia’s general manager, Chris Durn, said the forecast was “exceptionally positive” for the sector.

“There is a long-standing view that we need to get our growth rate up to 3.5-4 per cent and we are confident that we can achieve that,” he told the ABC.

“From our experience in the industry, we do see the potential for a lot of good growth to take place in the future.”

When ‘smart’ is ‘smart enough’

New Jersey lawmakers want to take some big steps toward a smart city.

But with the new legislation, they want to start with something less than smart.

New Jersey lawmakers say they want smart cities to be more like the ones they see around the world, like San Francisco, Boston and New York.

But their proposal has some detractors who say the state is being too cautious.

They say the legislation is overly restrictive and could result in an overregulation of the city-to-city relationship.

So what is smart enough?

The New Jersey state Senate on Thursday approved a bill that would require smart cities, such as San Francisco and Boston, to build their own power grids, and provide their residents with better public transit and internet access.

New York City is currently the only state in the country that doesn’t have smart meters in place.

It’s called the “smart city” proposal because it would require a city to use a combination of sensors and data to help monitor and improve the quality of its own energy, water and air.

State Sen. Jim McGovern, a Democrat, said it is the best solution for New Jersey because it doesn’t take money away from people and creates a more connected city.

“The only way we can do it is to build the smart city and to have the city be in control of the decisions,” McGovern said.

But the bill could take years to become law.

Senate President Stephen Sweeney said he believes it will take two to three years to get the legislation approved by the full Senate.

McGovern says the bill will help ensure that smart cities are not just built in New Jersey, but across the country.

The bill requires cities to install smart meters that can detect pollution, temperature and humidity.

McCombs bill also mandates that smart meters be connected to local Wi-Fi hotspots.

And it requires cities that are using a combination or an alternative energy source like solar to get smart meters installed in the building.

The new bill also requires cities with at least 50,000 residents to have smart city technology installed.

That’s about 100,000 homes in New York City, according to McGovern.

“We’re going to go to a level of sophistication that people can be proud of in the state of New Jersey,” McCombs said.

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