The Crisafulli Government has unveiled its Small and Family Business First Action Statement, which will help small and family businesses across Queensland achieve their full potential.
The Statement – which is underpinned by more than $100 million in new investment – will improve the operating business environment, provide targeted financial support, and aim to create more than 120,000 new Queensland businesses over the next seven years.
Key outcomes of the Action Statement include:
Under the former Labor Government, Queensland experienced the highest failure rate of businesses of anywhere in the nation.
The Action Statement outlines the Crisafulli Government’s immediate priorities to deliver its small and family business first commitments made to Queenslanders ahead of last year’s State election.
The Statement also outlines the objectives of not only growing the number of new small and family businesses across the State but creating the right conditions for existing business to grow and expand.
Small and Family Business Minister Steve Minnikin said the Action Statement - announced during Small Business Month - provided practical support and assistance to small and family businesses across Queensland.
“Queensland is home to more than 495,000 small businesses, contributing $131 billion to our economy and employing over 1 million people, and the Action Statement forecasts the potential of more than 120,000 new Small and Family Businesses by 2032,” Minister Minnikin said.
“The Crisafulli Government is committed to supporting small and family business rather than the previous Labor Government which saw too many small and family businesses working to support government.
“I’m proud our Government is stepping up with new funding of over $100 million to assist small and family businesses grow and succeed."