Thursday, 14 May 2015 11:53

Small business budget a boost for Western Sydney

Media release, May 14, 2014


Western Sydney is set to benefit from the Federal Budget as tax cuts for small businesses boost employment opportunities in the region.

President of the Western Sydney Organisation of Councils (WSROC), Cllr Tony Hadchiti said small businesses are the heart and soul of Western Sydney’s $95 billion economy, making up around 96% of all businesses in the region .

“The 2015 budget offers the lowest tax rates small business sector has seen since the 1960s.

“Anything that is going to make life easier for small business owners will have a positive impact on the region’s economic output,” he said.

“Stimulating local economies is essential for reducing the city-centric nature of Sydney’s jobs market. We want to see regional centres such as Blacktown, Liverpool, Parramatta and Penrith transformed into thriving satellite cities,” said Cllr Hadchiti.

“Making life easier for home-grown business owners, will go a long way towards achieving this; creating jobs closer to where people live.”

“Easing the financial burden on local employers also means reducing the barriers to taking on another employee, trainee or apprentice. Creating opportunities for young people to enter the workforce,” said Cllr Hadchiti.

“This is particularly crucial in the face of rising youth unemployment rates, which are around 14.3 per cent for 15 – 24 year olds across Greater Western Sydney .”

“Backing small business also has the potential to increase close-to-home employment opportunities for working mothers, many of whom choose to work freelance or part time,” he said.

“Western Sydney is an economic powerhouse fuelled by the small business sector, any measure that supports this sector will have positive flow on effects for the local community,” said Cllr Hadchiti.

 

Media contact: Kelly-Anne Gee, This email address is being protected from spambots. You need JavaScript enabled to view it., 02 9671 4333

Last modified on Tuesday, 19 May 2015 12:16

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