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  • Regional Investment Corporation (RIC) board to be headquartered in Orange
  • The board considered several regional cities and their suitability for the RIC
  • Work continues on getting the RIC open for the benefit of farmers and regional business

Orange in New South Wales is set to become the home of the Regional Investment Corporation (RIC) after the board confirmed the location for its new headquarters.

Minister for Agriculture and Water Resources David Littleproud today joined local member Andrew Gee to welcome the decision to place the RIC in the regional city.

“This was a win for rural and regional Australia and the local community,” Mr Gee said.

“Now that we have legislation passed, the Board in place, and its home well and truly settled, work can continue on getting RIC open for the benefit of farmers. Everyone in the region will get a shot at the local employment this will bring.”

Minister Littleproud said the Regional Investment Corporation was set up to support jobs and business in country places.

“The RIC is ready to roll. People who live in our regional communities deserve to have access to government services, high paying jobs and the economic benefit it brings to their towns,” Minister Littleproud said.

“Orange is a perfect location for the RIC as it is already home to a number agricultural investment institutions. It means we can build the best RIC possible, and there will be benefits to the regional economy.

“It is a shame we had to fight the Labor Party to deliver this promise to regional Australians.

“The RIC will support eligible farm businesses to take advantage of new and emerging opportunities and manage through difficult periods like droughts and deliver the Coalition Government’s water infrastructure loans.”