The 2020 Federal Budget delivers financial incentives and support to businesses while highlighting their extreme importance to Australia’s economic recovery said Caloundra’s Chamber of Commerce.
Caloundra Chamber President said the budget delivers some positives for the Sunshine Coast Region
“Tax cuts and incentives to train and upskill staff, as well as wage subsidies for new apprentices and trainees will help businesses to grow and create jobs.
“The instant asset tax write-offs will be useful in stimulating the economy for this businesses who are confident in investment for the future.
“We really appreciate the work that our Federal Members, Andrew Wallace MP and Ted O’Brein MP, are doing to ensure investment in infrastructure on the Sunshine Coast.
“’The infrastructure spend is especially welcomed, as it is projects like the southern Sunshine Coast (Bells Creek Arterial Road extension), which will re-invigorate the region.
Caloundra Chamber CEO Olivia Sainsbury said this Federal commitment is welcomed, but it’s now time for the next elected state government to maximise these opportunities to advance the region further.
“Now the election campaign is in full swing, we really need to see from our political candidates the policies which will really propel the Sunshine Coast forward.
“The 2020 budget has delivered some sound announcements and ones which will support Queensland small and medium businesses to drive our economic recovery.
“However, to maximise these announcements, it’s vital the next elected Queensland state government back them up by committing to Calounda Chambers’s election priorities.
“For Sunshine Coast/Queensland businesses to diversify, scale-up and grow, they need business friendly policies, which support smart infrastructure and sustainable practices while creating a skilled workforce, that is how we will secure business success in our region.
‘We need to see relaxation of the 4 meter square rule for our hospitality and events industries to be able to operate at full capacity.
Some comments from Caloundra Chamber of Commerce Members in relation to the budget: Boost Juice Franchise owner, Seyidali Solmaz: ‘There doesn’t seem to be much in the budget for my business unless I spend a lot of money to write off. In the current environment I am not that comfortable to make such an investment. I will wait and see what will happen after March, when JobKeeper goes.”
Kendall Morton, Director, Home Care Assistance Sunshine Coast : “Another 23,000 in home care packages is very welcome and will certainly go a long way in making a dent in the home care wait list. It is great to see a government invested in keeping people in their homes.”