Media Release
RIC throws its doors open in Orange
Minister for Agriculture and Water Resources, David Littleproud
Member for Calare, Andrew Gee
28 February 2019
- Regional Investment Corporation headquarters officially open in Orange NSW
- Decentralisation at work, delivering for regional and rural communities
- 32 new jobs providing careers for locals and bolstering the local economy
The Regional Investment Corporation (RIC) has moved into its permanent home with the opening of its headquarters in Orange today.
Minister for Agriculture and Water Resources David Littleproud said strong interest in jobs with the RIC showed decentralisation worked.
“The RIC had 340 applications for 32 jobs from people who want to live and work in Orange—84 from the local area,” Minister Littleproud said.
“Country people have just as much right to these jobs as city people and I’m proud the RIC will be based in Orange.
“RIC is a win for rural and regional Australia because it supports farmers and jobs across the country, particularly during drought.”
Member for Calare Andrew Gee said the RIC was part of an emerging financial industry in the Central West.
“The Central West is on track to be an important financial hub with other agricultural investment institutions already here,” Mr Gee said.
“Orange and the surrounding communities will benefit through both high-paying jobs for locals and more spending at local businesses.
“People moving to Orange to take up jobs will also bring further economic growth.”
The RIC’s farm loans encourage growth, investment and resilience. The Farm Investment loan encourages farmers to diversify their produce. The Drought loan helps farmers prepare, manage and recover from drought.
RIC also provides loans to state and territory governments for transformative water infrastructure projects.
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Fast Facts:
- The Regional Investment Corporation was launched on 1 July 2018.
- Their loans encourage growth, investment and resilience in Australia’s regional communities.
