Illawarra ITeC will receive funding of $748,000 from the Australian Government’s Small Business Advisory Services program to provide advice and assistance to the region’s small businesses.
Congratulating Illawarra ITeC, Member for Cunningham, Sharon Bird and Member for Throsby, Stephen Jones said that business advisory services are vital to help small businesses grow and succeed.
“ITeC helps small businesses meet day-to-day challenges and also maximise their sustainability, productivity and ability to grow,” Ms Bird said.
“They will receive four separate grants, worth $748,000 in total, to provide advice in areas like business and financial planning, business management and networking for the next two years.”
Since it was established in the 2008 Budget, the Small Business Advisory Service has provided over 392,000 separate advisory services to more than 207,000 small businesses around the country
“The Labor Government understands how important small businesses are to the local community,” Mr Jones said.
“This new support for business advisory services is just one element of our support for small business.
“We have, for example, made changes to the tax system that will directly benefit the bottom line of small businesses in every sector of our economy and in every part of Australia.
“These include increasing the asset tax write-off threshold so that all small businesses – incorporated or not - will be able to immediately write off assets valued at under $6,500 in the year they buy them.”
“The Labor Government is very supportive of small businesses expanding locally and globally”, Ms Bird said, “and is committed to providing well-targeted support and advice for firms to capture benefits of the Asian century”.