A joint media release with the Prime Minister, the Hon Julia Gillard MP, and the Deputy Prime Minister, the Hon Wayne Swan MP announced a $1 billion investment in boosting Australian innovation, productivity and competitiveness that it claims will generate business opportunities and economic growth for the future. The Government's Industry and Innovation Statement, A Plan for Australian Jobs, claims the goverment will back firms to win more work at home, support industry to win new business abroad and help our small businesses to thrive and grow. Its plan, the media release states, is to give Australian firms a fair chance to win work on major resources and infrastructure projects, by improving their opportunities to gain the experience, scale and business connections needed to successfully become part of global supply chains. The appears to propose another level of non-departmental government bodies through Industry Innovation Precincts. Perhaps reducing the cost of doing business would be a better policy!