Marlborough economy now worth $2.5 billion
The latest regional GDP figures show Marlborough is performing well, moving up in the ranks with New Zealand’s fifth highest GDP per capita.
“For the period March 2010 to March 2015 Marlborough’s economy increased by 28 percent.
“The increase has been primarily driven by manufacturing and agriculture,” says Stuart Smith.
“It’s great to see Marlborough’s economy is so healthy and the outlook for our industries is positive.
“Marlborough industries stand to gain a lot from the recently signed Trans-Pacific Partnership Agreement.
“Through this partnership more markets will be viable for Marlborough exporters as tariffs are reduced. This means local businesses have more money to hire employees, invest in innovation, and pay higher wages.
“Our region is humming with activity and I am fortunate to represent such a hard-working electorate” says Stuart Smith.