It’s been over a year since the pandemic brought about changes that no one could have expected. Many small businesses have adapted in different ways to survive. However, new lockdowns and ongoing restrictions continue to impact their recovery, particularly in the hospitality and arts and
A series of measures featured in the State Budget released by the NSW Government targets parts of the NSW visitor economy most heavily impacted from the impacts of COVID-19 according to the State’s peak tourism organisation, the NSW Tourism Industry Council. “The NSW Budget will
In a expression of confidence in the Morrison Government’s economic management S&P have affirmed Australia’s AAA credit rating and revised up its credit outlook to stable from negative, praising the “government’s swift and decisive fiscal and health response” and “strong economic recovery”. Australia remains one of just
Australia’s investment performance in 2020 was impressive. Despite drought, bushfires and COVID-19 lockdowns, foreign investment still grew by 2.5%. This result caps an equally amazing two-decade track record. Over the past 20 years, investment has grown by about 8.0% per year. The takeaway is that
When Australia and the UK began discussing a free trade agreement in 2020, they issued a joint statement with remarkably similar objectives. It now seems that a meeting of minds is imminent. The countries’ shared language, history and similar legal systems mean a deal should be relatively easy
Victoria’s budget shows a Treasurer engaged in a high-wire balancing act: ensuring a job-rich economic ‘soft landing’ on one hand, while trying to improve the state’s long-term fiscal position on the other. The budget partly delivers on both goals but, like any difficult circus act,
The federal budget for 2021-22 promises A$1.2 billion over the next six years to support the Digital Economy Strategy, a plan to make Australia “a leading digital economy and society by 2030”. The Digital Economy Strategy proclaims We are well placed to be a leading digital economy
Last week Treasurer Josh Fyenberg released another groundbreaking Federal Budget. This year’s budget has been labeled a ‘Jobs Budget’ due to its focus on curbing unemployment and for businesses, especially small-to-medium businesses, to lead the nation’s economic recovery. SBC Media sat down with economist David
In 2019 it was unfathomable that an Australian government could close the country’s borders and mandate that businesses close and people stay in their homes. It was inconceivable that there would be a reason to create a government program to pay wages for millions of
COSBOA believes that the 2021-22 Federal Budget provides the sound foundations needed for small business owners to rebuild their businesses and grow jobs in the wake of the economic damage wrought by the COVID-19 pandemic. COSBOA CEO Peter Strong said, “this budget delivers substantial benefits
Small Business Connections (SBC) is a media platform that delivers targeted content, news, industry reports, trends and tips to business owners, entrepreneurs, startups and stakeholders in the SME sector.
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