House of Assembly Fifty-Second Parliament, Second Session (52-2) 52 2 Parliament of South Australia House of Assembly published Answers to Questions Small Business Development Grant SMALL BUSINESS DEVELOPMENT GRANT In reply to Mr GRIFFITHS House of Assembly Goyder SMALL BUSINESS DEVELOPMENT GRANT In reply to Mr GRIFFITHS (Goyder) (8 October 2010) (Estimates Committee B). The Hon. A. KOUTSANTONIS House of Assembly West Torrens Minister for Manufacturing Minister for Mineral Resources and Energy Minister for Small Business SMALL BUSINESS DEVELOPMENT GRANT The Hon. A. KOUTSANTONIS (West Torrens—Minister for Manufacturing, Innovation and Trade, Minister for Mineral Resources and Energy, Minister for Small Business): I am advised the Small Business Development Grant (SBDG) was a $5 million fund that provided support on a dollar for dollar basis for eligible expenditure to assist the creation of new jobs in innovative manufacturing and technology/services projects to enhance the economic growth of southern Adelaide, following the closure of Mitsubishi at Tonsley Park. The government has established a new investment fund of $1 million per year over 4 years from 2010-11 to provide assistance to Small and Medium Enterprises to generate and/or accelerate new capital investment in South Australia to assist innovation, diversification and competitiveness of growth enterprises. The objective of the program is to support small to medium sized manufacturing businesses with turnover of less than $10 million per year to introduce new technology, new products and services and/or to enter new markets. The Small and Medium Enterprise Investment Development Program will build on the SBDG, however will not be limited to Adelaide's southern suburbs. It will be administered by Innovate SA on behalf of the Department of Trade and Economic Development.