Economy News & Articles
Nelson Marina Expansion Secures $12.89M Loan to Boost Economy and Jobs
1 week ago | 104 viewsNelson Marina has received a $12.89 million loan from the Regional Infrastructure Fund to expand its facilities, including installing a 110-tonne vessel hoist and increasing hardstand capacity from 14 to 54 bays. The project, co-funded by Nelson Marina Management Ltd with a matching $12.89 million, aims to create up to 110 construction jobs and 180 ongoing roles, boosting the region's $350 million blue economy. Construction is set to begin in May and is expected to be completed by mid-2028, supporting the government's goal of regional economic growth through improved infrastructure.
Tags: Nelson marina expansion Shane Jones Regional Development Minister Nelson Marina Management Ltd Regional Infrastructure Fund marine services economic growth blue economy marine engineeringNelson Marina Expansion Secures $12.89M Loan to Boost Economy and Jobs
1 week ago | 113 viewsNelson’s marina expansion has received a $12.89 million loan to upgrade infrastructure, including a 110-tonne vessel hoist and expanded maintenance capacity, aiming to boost the regional economy and create up to 180 ongoing jobs. The project, co-funded by Nelson Marina Management Ltd and owned by Nelson City Council, will also feature a new marine service centre with office, retail, and workshop spaces. Construction is set to begin in May and finish by mid-2028, supporting Nelson’s significant blue economy, which contributes over $350 million annually and employs more than 3,700 people.
Tags: Nelson marina expansion Shane Jones Regional Development Minister Nelson Marina Management Ltd Regional Infrastructure Fund marine services economic growth blue economy marine engineeringSouthland’s $13.6M Industrial Hub Boosts Gore Economy and Creates Jobs
2 weeks ago | 664 viewsThe Government is providing a $3.1 million loan to support a $13.6 million industrial subdivision near Gore, a joint venture between Ngāi Tahu’s Hokonui Rūnanga and Robertson Transport Limited, addressing the shortage of large industrial lots in the area. The 43-hectare project, located on State Highway 1, will create up to 50 construction jobs and attract various industries while generating sustainable income for Hokonui Rūnanga to fund community services. This development is the first phase of a 90-hectare master plan aimed at diversifying Southland’s economy and includes future plans for marae relocation, housing, and childcare facilities.
Tags: Mark Patterson Hokonui Rūnanga Ngāi Tahu Robertson Transport Limited Southland Gore District Regional Infrastructure Fund Associate Minister for Regional Development New Zealand Eastern SouthlandStrong Q3 Economic Growth Boosts Confidence Ahead of Christmas, Says Finance Minister
1 month ago | 382 viewsFinance Minister Nicola Willis welcomed the strong 1.1% economic growth in the third quarter, driven by 14 of 16 sectors, signaling a positive turnaround after challenging years. Key job-rich sectors like manufacturing, construction, and business services showed significant growth, alongside increases in exports and investment, indicating promising future job prospects and higher incomes. With GDP per capita rising 0.9% and forecasts predicting accelerated growth and lower unemployment next year, the government’s strategy to strengthen the economy appears effective.
Tags: economy growth Nicola Willis Finance Minister Stats NZ Treasury Reserve Bank manufacturing sector construction business services GDP per capitaFast-Track Approvals Amendment Bill Passed to Boost Economy and Grocery Competition
2 months ago | 271 viewsThe Fast-track Approvals Amendment Bill has been passed to streamline and expedite the approval process for important projects, particularly benefiting supermarket competition and regional development. The amendments aim to reduce consent processing times by over six weeks, making it easier for new supermarkets to open and boosting economic growth. Ministers emphasize that these changes will promote affordability, regional prosperity, and faster project delivery by addressing previous inefficiencies and red tape.
Tags: Nicola Willis Chris Bishop Shane Jones economic growth supermarket competition resource consent grocery affordability regional development government policy statementNew Zealand Tourism Booms with 6% More Visitors and $12.3B Spend in 2025
2 months ago | 324 viewsInternational visitors to New Zealand are increasing in number and spending more, driving significant growth in the tourism sector and economy, with total spending reaching $12.3 billion for the year ending September 2025. Visitor numbers rose to 3.43 million, reaching 88% of pre-pandemic levels, boosted by higher-spending travelers, especially from the USA. The government supports this growth through the Tourism Growth Roadmap, aiming to double tourism export value by 2034 while enhancing visitor experiences and regional opportunities.
Tags: Louise Upston New Zealand Tourism International Visitors USA MBIE Tourism Growth Roadmap Hospitality Economy Visitor SurveyCutting Red Tape in New Zealand Yields $223M-$337M Economic Benefits
2 months ago | 338 viewsMinister for Regulation David Seymour highlights that cutting red tape in New Zealand has generated significant economic benefits, with a return of $11–$17 for every dollar spent, totaling an estimated net public benefit of $223 million to $337 million over 10 years. Examples include lifting bans on medical conferences and revoking unnecessary sector-specific regulations, which have already brought millions in benefits and promise ongoing savings across various industries. The government aims to continue reducing unnecessary regulations to boost productivity, economic growth, and public value through practical reforms and improved regulatory standards.
Tags: David Seymour Ministry for Regulation New Zealand red tape medical conferences Hairdressing and Barbering Sector Review economic benefits regulatory reform early childhood education MotuCostco's Expansion Plans Bring Economic Boost to New Zealand Shoppers
2 months ago | 403 viewsUS supermarket giant Costco is planning to open a second store in South Auckland, welcomed by Economic Growth Minister Nicola Willis. The Government is facilitating quick approvals for new supermarkets through legislation and working closely with Costco for efficient consenting processes. Kiwi Property has agreed to sell land for the new Costco store, expected to boost the economy, create jobs, and enhance competition for shoppers.
Tags: Nicola Willis Costco New Zealand South Auckland Kiwi shoppers Economic Growth Minister Kiwi Property Drury Auckland’s economy construction jobsNew Zealand Enhances Screen Production Rebate to Boost Global Competitiveness
3 months ago | 418 viewsThe Government of New Zealand is updating the International Screen Production Rebate to enhance the country's competitiveness in the global film and television industry, responding to industry feedback and increasing incentives to attract screen investment. Changes include lowering the minimum qualifying spend for feature films, reducing thresholds for incentives, expanding eligibility for post-production projects, and removing caps on certain costs. These updates aim to diversify the screen economy, strengthen partnerships in growing markets, and support the local industry while attracting new investment and technology.
Tags: Government International Screen Production Rebate New Zealand Nicola Willis film television streaming productions economic growth incentives global competitionNew Zealand's Gold Mining Boom: Economic Opportunities and Prosperity on the Horizon
3 months ago | 367 viewsNew Zealand's Resources Minister Shane Jones highlights the country's potential gains from the global interest in gold and minerals, emphasizing the economic opportunities presented by a significant gold discovery in Central Otago. The mining permit granted to Matakanui Gold Limited for the Rise and Shine prospect is expected to create jobs, boost local economies, and generate substantial revenues for the government through royalties and taxes. The government's commitment to utilizing mineral resources for regional development, job creation, and economic prosperity is underscored by the fast-track approval process for mining projects like Bendigo-Ophir and the financing of the Snowy River Gold Mine development by Endura Mining.
Tags: Shane Jones New Zealand gold minerals mining permit Matakanui Gold Limited Santana Minerals Central Otago Endura MiningNew Data Reveals Strong Growth in International Tourism Industry, Boosting Confidence and Economic Recovery
3 months ago | 417 viewsThe Government celebrates a 7.5% increase in international visitor arrivals in August, signaling a positive trend for the tourism industry's recovery post-COVID. Minister Louise Upston emphasizes the economic importance of tourism as New Zealand's second highest export earner. The Tourism Industry Association survey indicates an 86% confidence level among tourism organizations for the upcoming year, reflecting the industry's optimism and the Government's investments to promote New Zealand as a top destination.
Tags: Government data international visitor numbers tourism industry Louise Upston international tourism export earner economic recovery visitor arrivals Statistics New ZealandGlobal Uncertainty Impacts Economy: Minister Willis on Latest Stats NZ Data
4 months ago | 542 viewsFinance Minister Nicola Willis highlighted the impact of global uncertainty on consumers and businesses based on released economic data. Stats NZ reported a 0.9% decline in real Gross Domestic Product in the second quarter following an initial increase. Willis attributed this downturn to international turmoil and tariffs affecting investment decisions. Looking ahead, there are positive signs of economic recovery, with lower interest rates, increased mortgage lending, and a forecasted strengthening of economic growth as tariff-related uncertainty diminishes.
Tags: Economic data global uncertainty consumers businesses Finance Minister Nicola Willis Gross Domestic Product tariffs investment decisions interest ratesNew Zealand Government Unveils $70 Million Boost for Major Events and Tourism
4 months ago | 572 viewsThe Government has unveiled a $70 million investment package to boost major events and tourism projects in New Zealand, aiming to stimulate economic growth and confidence. Tourism and Hospitality Minister Louise Upston emphasizes the importance of major events in supporting local economies, creating jobs, and attracting visitors. The package includes funding for securing international events, supporting existing events, promoting regional tourism, and upgrading tourism infrastructure to enhance New Zealand's competitiveness as a tourism destination.
Tags: Government Louise Upston Tourism Events Investment Economy New Zealand International Funding InfrastructureInternational Visitor Arrivals and Spending on the Rise, Boosting New Zealand's Tourism Sector and Economy
5 months ago | 643 viewsFresh data released today indicates that international visitor arrivals and spending are on the rise, boosting New Zealand's tourism sector and economy, as highlighted by Tourism and Hospitality Minister Louise Upston. The year ending June 2025 saw international tourism contribute $12.1 billion to the economy, a 4.3% increase from the previous year, with a 5% rise in visitor arrivals totaling 3.38 million. Despite positive growth, Upston emphasizes the need for continued efforts to further enhance the tourism sector, referencing initiatives like the Tourism Growth Roadmap aimed at doubling tourism exports by 2034.
Tags: tourism economy international visitors Louise Upston spending tourism sector international tourism visitor arrivals New Zealand Tourism Growth RoadmapNorthland's Economic Future: Major Developments and Opportunities Unveiled
6 months ago | 1305 viewsRail Minister Winston Peters and Regional Development Minister Shane Jones highlight significant developments in Northland's economic future, including Marsden Point's role as an energy and economic powerhouse. Projects such as a refurbished tank for supplying jet fuel to Auckland Airport and a commercial dry dock aim to boost job creation and international trade. Plans for a Regional Infrastructure Fund part-funded drydock at Northport and the potential use of special economic zones to attract investment demonstrate a focus on enhancing New Zealand's economic growth and resilience.
Tags: Northland Winston Peters Shane Jones Marsden Point New Zealand Channel Infrastructure Z Energy Auckland Airport KiwiRail SEZs