Tasmania has put out the welcome mat for mainland businesses, with the state government offering payroll tax incentives for those who relocate.
Treasurer Peter Gutwein on Thursday delivered the Liberal government's first budget since re-election with a healthy bottom line paving the way for the 35 per cent cuts for small to medium businesses.
Mr Gutwein said further incentives were available for those shifting from interstate to take up opportunities in Tasmania.
"We will provide a payroll tax concession for up to three years for interstate businesses that relocate and employ in regional Tasmania," he said.
"We know that the eyes of the world are on us at the moment.
"We want to assist those business from interstate that want to share in and contribute to our successes."
Businesses under $2 million will be afforded the payroll tax cuts and could save up to $15,750, Mr Gutwein added.
There will also be incentives for businesses that move from Greater Hobart to a regional area.
Tasmania's 2018-19 budget was headlined by a massive $2.6 billion infrastructure spend, heralded by the second-term government as the dawning of a "golden age" for the state.