NEC Australia announced today it will develop a new broadband research and development centre in Victoria, creating 63 new high-tech jobs.
According to an economic impact analysis by KPMG, the NEC Next Generation Broadband R&D Facility will generate a further 230 jobs across the sector and an additional $17 million annually for the Victorian economy.
Victorian Premier Steve Bracks said this $70 million investment is a huge win for the local ICT industry and means NEC has committed to research and development in Victoria for the next decade.
Bracks said the new facility would be Australia's largest, privately owned ICT R&D centre and NEC's largest research operation outside Japan.
"The 63 jobs directly created from this announcement will be high skilled, high paying positions, with those employed carrying out world-leading research," he said.
"The broadband technologies to be developed will mean a world of new business and entertainment applications will be available over the Internet, in our homes and workplaces."
Victoria's IT Minister Marsha Thomson said Victoria's ICT industry has an annual turnover of $18.5 billion and employs 60,000.