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Small business owners urged to take a look at NSW strategy

January 30, 2020

Gunnedah’s strong small business sector is being asked to have its say on the state’s Small Business Strategy.

The NSW Government has released the NSW Small Business Strategy 2020: Discussion Paper to seek public feedback release an updated NSW Small Business Strategy.

Gunnedah Shire Council Manager Economic Development Charlotte Hoddle said small business was a very important part of the Shire’s economy.

“There are more than 765,000 small businesses across New South Wales, in Gunnedah Shire small business represents a large component of our economy, we have a share of innovative product and service providers that we need to continue to focus on,” Ms Hoddle said.

“We urge people to make a submission. It’s important that our local businesspeople provide a regional perspective about this discussion paper and the initiatives it includes.

“The more feedback the NSW Government gets from small business, the more representative and effective this strategy will become.”

The updated strategy will have five key themes:
1. Building resilient, connected and prepared businesses in NSW
2. A strong economy for small businesses to thrive
3. Making it easier for small businesses to contract with government
4. Making it easier to do business
5. Building the capability of small business

The current Small Business Strategy was released in 2017, and included initiatives such as: Increasing the payroll tax threshold progressively up to $1 million by 2021-22; Implementing the Small and Medium Enterprise and Regional Procurement Policy to assist small businesses to be “procurement ready” and win NSW Government business; and faster payment terms ensuring that from 1 December 2019, all registered small businesses who supply to the NSW Government and provide a correctly rendered invoice are paid within five days.

The Discussion Paper is available on the NSW Government’s “Have your say” webpage www.nsw.gov.au/improving-nsw/have-your-say/nsw-small-business-strategy-2020/ and you can provide feedback before 4 March 2020.

ENDS

Media contact: Eliza Gallen (02) 6740 2100.