The Hunter Business Chamber is welcoming the latest stimulus package from the State Government, as the Coronavirus begins to take it's toll on businesses across the region.
Along with a boost to health infrastructure, NSW Premier Gladys Berejiklian announced new measures aimed at keeping people employed in the hopes of softening the blow to the economy amid the COVID-19 outbreak.
The centerpiece of the stimulus package is a three-month waiver on payroll tax for businesses with payrolls of up to $10 million, as well as fast tracking $500 million in infrastructure spending.
Hunter Business Chamber CEO Bob Hawes says bringing forward $500 million in infrastructure spending will bolster the economy and bring certainty to construction-related industries in the Hunter. creating job opportunities - especially for young workers - and providing much-needed new assets for community use," says Bob Hawes.
Hunter Business Chamber CEO Bob Hawes says deferring payroll taxes will be of immediate benefit to small and medium sized enterprises, with the move freeing up revenue.
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| Hunter Business Chamber CEO Bob Hawes Picture: hunterheadline.com.au |
