Economic Development Team - Mid Western Council
FREE access for Mid-Western Region business owners to Regional Growth Summit 2020

Mid-Western Regional Council are delighted to be partnering with the Regional Growth Summit for 2020, providing  access to local businesses completely free.

Created by the team at 25eight, #RGS2020 has been designed as a virtual event to bring together business leaders, brands and the regional community to develop lasting economic strength throughout regional Australia. On Wednesday May 27th, over the course of the day, speakers from the likes of Canva, Xero, Hubspot, Shopify and more will discuss how to create positive impacts within your business using technology.

We’re really excited to bring you this program of events that supports growth in regional areas. The summit’s aim is to bring together regional startups and businesses like yourselves to explore how technology can be used to build healthy and sustainable businesses. We’re excited for you to be joining us!

To register for this event, head to the following link and use the code MidWesternRGSPass to get yourself access to the Zoom webinars and agenda for the day:

https://www.marketingentourage.online/courses/regional-growth-virtual-summit-may-2020

 

Economic Development Team - Mid Western Council
Google has provided advice and resources to support small to medium businesses

 

Helping your business through Bushfires & COVID-19

Google has created a range of tips and resources on how to continue to market a business through COVID-19.

Materials are easy to digest and provided in a simple format to make small changes that can have significant benefits.

To access this information see:

https://smallbusiness.withgoogle.com/intl/en_au/news/resources-for-smbs-impacted-by-coronavirus/#!/

Economic Development Team - Mid Western Council
COVID 19 – Job Keeper Payment

24.4.20 Source: https://treasury.gov.au/coronavirus/jobkeeper

If your business has been significantly impacted by the Coronavirus you will be able to access a wages subsidy to continue paying your employees. Under the JobKeeper program, you will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020. This assistance will help you keep staff and restart when the crisis is over.

 

Fact Sheets:

Job Keeper Payment for Employers – https://treasury.gov.au/sites/default/files/2020-04/Fact_sheet_Info_for_Employers_2.pdf

Job Keeper Payment FAQs – https://treasury.gov.au/sites/default/files/2020-04/JobKeeper_frequently_asked_questions_2.pdf

 

Economic Development Team - Mid Western Council
COVID 19: NSW Small Business Support Grant

The NSW COVID-19 Small Business Support Grant of $10,000 is available to eligible NSW small business owners. The application form is available on the Service NSW website.

Eligibility:

  • Have between 1-19 employees and a turnover of more than$75,000
  • A payroll below the NSW Govt 2019-20 payroll tax threshold of$900,000
  • Have an ABN as at 1 March 2020, be based in NSW and employ staff as at 1 March 2020
  • Be highly impacted by the Public Health (COVID-19 restrictions) Use the funding for unavoidable business costs such as utilities, overheads, legal costs and financial advice
  • Provide appropriate documentation upon application
  • Eligible industries include: Retail trade; Accommodation & food service; Rental,hiring & real estate services; Admin & Support services; Arts & recreation services

 

Apply here – https://www.service.nsw.gov.au/transaction/apply-small-business-covid-19-support-grant

Economic Development Team - Mid Western Council
COVID 19 – Increasing the instant asset write-off

24.4.20 Source: https://treasury.gov.au/coronavirus/businesses

The Government is increasing the instant asset write-off threshold from $30,000 to $150,000 and expanding access to include businesses with aggregated annual turnover of less than $500 million (up from $50 million) until 30 June 2020. In 2017-18 there were more than 360,000 businesses that benefited from the current instant asset write-off, claiming deductions to the value of over $4 billion. This measure will support over 3.5 million businesses (over 99 per cent of businesses) employing more than 9.7 million employees.

Fact Sheet: https://treasury.gov.au/sites/default/files/2020-04/Fact_Sheet-Delivering_support_for_business_investment.pdf

Economic Development Team - Mid Western Council
Cash flow support for small and medium businesses

24.4.20. Source: https://treasury.gov.au/coronavirus/businesses

The Government is providing temporary cash flow support of up to $100,000 for eligible small and medium-sized businesses, and not-for-profits (NFPs) that employ staff to help with their cash flow so they can keep operating, pay their rent, electricity and other bills and retain staff. This will be done through two sets of cash flow boosts, with the first delivered from 28 April 2020, through credits in the activity statement system. Eligible businesses do not need to apply with a separate form.

Eligible businesses and NFPs, must have held an Australian Business Number on 12 March 2020 and lodge their activity statement to receive the credit. Charities registered with the Australian Charities and Not for profits Commission are eligible, regardless of when they were registered, if they meet the other eligibility requirements.

See the Fact Sheet here:

https://treasury.gov.au/sites/default/files/2020-04/fact_sheet-boosting_cash_flow_for_employers.pdf