NSW Treasurer Mr Dominic Perrottet MP joined the Member for Oatley Mr Mark Coure MP, on a street walk yesterday through Mortdale’s shopping precinct to conclude Small Business Month.
Small Business Month is a month-long celebration of small businesses, which is an opportunity to acknowledge their contribution to the community and the economy.
On 1 October 2018, Mr Coure launched a campaign to post one photo a day on his social media platforms, promoting a standout small business in the St George area. Using the hashtag #smallbusinessmonth, the 31 businesses that were promoted on Mr Coure’s Facebook page received overwhelming encouragement and positive feedback from the community.
Cafés, fruit shops, florists, laundromats, vets, restaurants and childcare centres were just a few of the 31 local businesses that Mr Coure visited and publicly recognised.
Mr Perrottet noted the importance of NSW Government support for small businesses, which are the lifeblood of the state’s economy.
“Small businesses make up almost 98 per cent of all NSW businesses and employ almost 50 per cent of the workforce in our state – this is why it’s vitally important that those small operators are supported and given the very best chance for success,” Mr Perrottet said.
“For this reason, the NSW Government announced in the 2018-19 Budget that the payroll tax threshold would be lifted from $750,000 to $850,000 for 2018-19, and will rise to $1 million by 2021-22. This means that by 2021-22, around 5,000 fewer businesses will have to pay the tax.”
“We want to leave as much of the hard-earned cash of our small business owners in their own pockets so they can invest in equipment and provide jobs.”
Mr Coure introduced Mr Perrottet to the owners of local shops in Mortdale including Neil Ghantous from Firehouse Grill, Greg and Susan Young from Mortdale Wholesalers and Ron Borgnolo from Dentistry with Care.
“As a former small business owner, I understand the daily challenges they face. I am proud to be part of a Government that recognises such need and supports those that take the brave step of starting a business and providing opportunities for others,” Mr Coure said.
Additional announcements made under the 2018-19 NSW Budget for small businesses include:
- $30 million over four years for the Skills for Business program, helping small businesses to grow by supporting workforce development through training in areas like digital and financial literacy, cybersecurity and business management
- $30 million for Business Connect to provide State-wide business advice and skills training to help businesses establish and grow
- $46 million to continue to support fast-growing start-ups and SMEs with a suite of Jobs for NSW grants and load products, and facilities including the Sydney Startup Hub
- $42 million to invest in fast growing companies through the GO NSW Equity Fund in partnership with First State Super and ROC Partners.