ADVANCING ADELAIDE’S SMALL BUSINESSES
28 June 2017
SMALL businesses throughout Adelaide are in the spotlight today as local owners meet to share ideas and network with a nationwide small business roadshow, Education Minister and South Australian Senator Simon Birmingham says.
“Our plan for small business means South Australia’s butchers, auto repair shops and small wineries are among the 190,000 local businesses across the state the Federal Government is backing to grow and employ more people,” Senator Birmingham said.
“The Federal Government has cut the small business tax rate to 27.5 per cent – its lowest level in 50 years – and we’re giving thousands of small businesses access to instant asset write-off.
“Since we started rolling out our plan, I’ve met small business owners all across SA who are excited about the competitive edge our plan will give them and the new staff they will now have the money to employ to realise their ambitions.”
Small Business Minister Michael McCormack said networking opportunities for small business help share ideas for businesses to grow and create more jobs.
“I know from running my own small business that sharing ideas and feedback – especially about the Federal Government’s support available to more small businesses – can help them grow,” Mr McCormack said.
“That’s why I have brought together BusinessSA and local small businesses to showcase how the Government backs small business and – most importantly – to hear feedback directly from small business owners.”
Mr McCormack said feedback from small business helps the Government shape its policies to help.
“I have met hundreds of small businesspeople, right across Australia, and heard how tax cuts and expanding the definition of ‘small business’ helps you put on another casual or perhaps an older Australian,” Mr McCormack said.
“I also heard how the popular $20,000 instant asset write-off helps small businesses purchase the new equipment they need to pursue new ideas.
“I took that feedback to the Budget process and we delivered an extension to the programme for another year.”
Mr McCormack encouraged South Australians to support small business by shopping local.
“Every additional dollar spent in a small business helps that small business grow and – importantly – create even more jobs,” Mr McCormack said.
“South Australia has a vibrant small business sector and by spending more money locally, partnered with tax cuts and the instant asset write-off, we can all see it thrive.”
The roadshow will continue to regional South Australia today and tomorrow.