The Tasmanian Government is under fire for failing to meet key investment and job creation targets.
The Liberals have seized on Department of Economic Development figures showing just over 1,700 jobs were created last financial year, below the target of 3,000.
Less than half of the $410 million expected from exports and import replacements was achieved.
The Opposition Leader, Will Hodgman, says government inaction is to blame "It's little surprise that business confidence is at record lows when the Government is failing so dismally," he said.
The Liberals want a new department of state growth created, combining economic development with infrastructure, energy and resources.
Economic Development Minister David O'Byrne labels the policy simplistic and accuses the Opposition of copying what has been done by the Queensland Government.
Finance Minister Scott Bacon says the Government is doing plenty to help boost the economy in a tough global economic climate.
"What the Government's doing is getting on with the job of diversifying our economy and making sure we play to our strengths," he said.
"We've seen positive news around aquaculture, around dairy in the state, we're getting on with building irrigation projects right around Tasmania.
"This plan by the Liberals is either a plan to increase the bureaucracy in Tasmania, or it's a plan to slash jobs to save money."