Watch live: Christopher Luxon and Nicola Willis speak in Rangiora
factory in Kaiapoi
went up in flames after a fire which was started accidentally in January 2022.
Last year,
Star News
reported that the construction of Sutton Tools' new $20 million factory in Rangiora was scheduled to open early in 2025.
The visit comes following the government's Budget announcement of a
tax incentive targeting businesses
.
The
Investment Boost policy
would allow a business to immediately deduct 20 percent of the cost of a new asset on top of depreciation.
The policy came into force immediately, and applies to assets purchased in New Zealand as well as new and used assets imported from overseas.
"It includes commercial buildings but excludes land, residential buildings, and assets already in use in New Zealand."
Sign up for Ngā Pitopito Kōrero
,
a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
RNZ News
an hour ago
- RNZ News
Airline industry reps call out spiralling costs
A group representing airlines says prices will continue to go up and more services will be lost if there is not a reset of the air industry's investment structure. Cath O'Brien from the Board of Airline Representatives is among industry representatives to call out spiralling costs in the wake of Sounds Air having to cut their routes from Blenheim to Christchurch and Christchurch to Wanaka. The rise in security levies means airlines will pay $10.91 per domestic passenger instead of $6.57 and $22.30 per international passenger instead of $13.12. Cath O'Brien from the Board of Airline Representatives spoke to Melissa Chan-Green. To embed this content on your own webpage, cut and paste the following: See terms of use.
RNZ News
an hour ago
- RNZ News
Prime Minister says "catastrophe" in Gaza has got to stop
The Prime Minister has addressed what he called the "catastrophe" in Gaza, and said it has got to stop. New Zealand is among 25 countries calling for an an end to the war criticising what they describe as the inhumane killing of Palestinians, and the drip feeding of aid. With our foreign minister joining allies like the UK, France and Australia in signing the statement. In response, Israel's foreign ministry said the statement is 'disconnected from reality' and will send the wrong message to Hamas. Lillian Hanly reports. To embed this content on your own webpage, cut and paste the following: See terms of use.
RNZ News
2 hours ago
- RNZ News
Foodstuffs commits to rebuilding New World Victoria Park after fire
Fire engulfed the supermarket in June. Photo: RNZ/Marika Khabazi Foodstuffs says it's "100 percent committed to rebuilding" New World Victoria Park at the same site as its fire-damaged predecessor . A massive blaze broke out at the central Auckland supermarket in June, taking more than 10 hours to extinguish and significantly damaging the building. The announcement of a new store was made on the supermarket's social media. "Work is well under way to make our fire-damaged site safe for entry. "Right now, it's still too dangerous for anyone to go inside, but specialist crews and structural engineers are on-site, carefully stabilising the building so we can begin the recovery." "We're 100 percent committed to rebuilding a new supermarket on the same site. Our focus is on getting back up and running as quickly as we can, but safety comes first." The statement went on to say it has brought forward the opening of the store in Point Chevalier to 19 August, which is 5km away. The New World store in Victoria Park had employed more than 180 people . Foodstuffs said it continues to work with affected staff. "To our amazing team, we're continuing to work one-on-one with each of you and are so grateful for your patience and resilience. "Being part of the Foodstuffs North Island co-operative means Foodstuffs have been able to off over 100 roles across 23 Auckland stores, and we're doing everything we can to help our people find the right next step," the statement on social media said.
