Premier Nathan Rees has announced the first phase of the NSW Government's response to the recent Jobs Summit, including a $70 million scheme to attract investment in NSW jobs.

The new initiatives include:

• The establishment of an advisory group of four industry experts to provide ongoing independent advice to the Premier and Cabinet
• A $70 million fund to attract major investments to NSW. The Fund will be used to provide a range of incentives to these businesses such as payroll tax concessions
• $2.5 million to encourage domestic procurement
• The establishment of four international offices to promote NSW as a destination for investment, trade, tourism, education and events.

Mr Rees said the Jobs Summit in February brought together more than 300 business and community leaders to provide feedback and recommendations on how the Government can engage with industry.

"Over the next four years the NSW Government is investing $56.9 billion in infrastructure, which will sustain an average of over 150,000 jobs every year."

The Government is also investing $20 million for skills development and training initiatives in green jobs.

Premier Nathan Rees has nominated 'go to' people to assist in expediting suitable projects.

For more information see the NSW Government's response to the Jobs Summit: www.premier.nsw.gov.au