Category Archives: Media Release

Media Release: Canberra Business Chamber says more support is needed for ACT business survival

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sorry we're closed by still awesome sign

Monday 23 March 2020

MEDIA RELEASE

Canberra Business Chamber says more support is needed for ACT business survival

As “non-essential” businesses across the ACT take steps to shut down, more support will be needed to help businesses survive in the longer term, the Canberra Business Chamber said today.

“New restrictions that shut down “non-essential services” businesses such as clubs, hotels and restaurants will decimate an industry that has been dealing with a severe downturn for months,” said Chamber CEO Graham Catt. “There’s no way to sugar coat this, the business support measures that have been announced, while welcome, won’t go far enough for the tourism and hospitality industry, and the many small businesses that supply them.”

“Furthermore, targeted financial support will be needed,” said Mr. Catt. “Businesses can’t pay staff when there are no customers and no money coming through the door. We welcome Government assistance to help businesses keep their people, but now we have to face the difficult reality that we cannot save every business or every job.”

The Chamber said that, for many businesses, Government support for “mothballing” may be the best way to help survival.

“A local retailer might need to close their doors temporarily and be given support so that they can be reinvigorated when the health crisis is over,” said Mr. Catt. “To recover from this crisis, we’ll need businesses to still exist in some form and scale up quickly to provide the jobs, and goods and services we need”.

Canberra businesses, like the community as a whole, are facing an unprecedented crisis.

“Nearly two thirds of Canberrans in jobs are employed by the private sector,” said Mr. Catt. “Businesses and their people need information, options and flexibility to make the best decisions during this period. And the support measures announced by both the Federal and ACT Governments must flow urgently to help keep as many businesses as possible afloat.”

Media Release: ACT stimulus welcome, but more will be needed says Canberra Business Chamber

man in workshop
man in workshop

Friday, 20 March 2020

MEDIA RELEASE

ACT stimulus welcome, but more will be needed says Canberra Business Chamber

The Canberra Business Chamber has welcomed the ACT Government’s announcement of a $137 million dollar stimulus package for the local economy. It has however warned that more stimulus measures may need to be fast tracked to support businesses and protect jobs.

“The ACT private sector provides almost two thirds of Canberra’s jobs,” said Canberra Business Chamber CEO Graham Catt. “Many businesses have been suffering from a severe downturn in trade since last December. Bushfires, smoke pollution and hailstorms have already taken a heavy toll economically and on mental health”.

A meeting of the Chamber’s Kindred members, including ACT industry and community groups, was convened on Wednesday 18 March 2020. “Our industry body and community group members made it clear that the impact of COVID-19 is accelerating rapidly, with new challenges facing their members each day,” said Mr. Catt.

The Chamber welcomed initiatives such as the deferral of payroll tax, rebates on commercial rates and targeted support for sectors such as hospitality, and believes these will offer some much-needed relief. But with business and community confidence at an all-time low, more support may be urgently needed.

“Businesses are telling the Chamber they need immediate financial support to survive, or they’ll have no choice but to lay off staff or even close down,” Mr. Catt said. “The initial stimulus package is welcome and will help the local economy, but the reality is many small businesses have been struggling for months and they are desperately looking for immediate and direct financial assistance”.

Mr. Catt concluded by saying, “We appreciate the steps the ACT Government has taken to engage with the business sector in developing this initial support package. The Chamber and the business community will continue to work with government so we can respond swiftly and as needed over what will be challenging weeks and months ahead”.