Dubbed “Hackett Cash” by some in the sector, the strategic assets protection programme was described as “corporate welfare” after AJ Hackett Bungy was awarded $10.2m in grants and loans. READ MORE:* $17m invested in teaching tourism how to attract Kiwis* No guarantees for millions given to big tourism companies* Tourism job losses predicted to peak at 92,000 this year* AJ Hackett payout 'corporate welfare' for rich-listers, economist says* Picking winners? Davis has defended the decision to support AJ Hackett Bungy, despite the personal wealth of company owners. Tourism Holdings Discover Waitomo ($4m) and Whale Watch Kaikoura ($1.5m) also received strategic assets money. SCOTT HAMMOND/Stuff.co.nz A $1.5 million Government funding boost helped Whale Watch Kaikōura set a July 4 date to resume its tourism operation.

Source: Stuff July 27, 2020 17:02 UTC