Small business critical to region’s economy
This Saturday marks the third annual Small Business Day and shoppers are being asked to Think Small First by shopping at their local small business.
Small Business Matters co-founder and small business owner Nicolle Jenkins said that small businesses were a huge part of life – particularly in regional locations.
“Small businesses are the lifeblood of Western Australia,” Ms Jenkins said.
“WA small businesses employ more than 512,000 people (41 per cent) of private sector employment.
“That is nearly half of all jobs in WA are provided by small businesses. I would think in our regions, it would be even higher.”
Small Business Day is an initiative of Small Business Matters – a movement created to celebrate and recognise WA small business and entrepreneurship.
Regional Chambers of Commerce and Industry of WA chief executive officer, and co-founder of Small Business Matters, Kitty Prodonovich believes the community has a responsibility to support small businesses in their region.
“When a small business disappears you have reduced competition, less product diversity, less money going back into WA, less support for your community, and fewer jobs,” Ms Prodonovich said.
“If every adult in WA spent an extra $10 a week in a local small business, it would add an extra $1 billion to our economy and would create thousands of extra local jobs.”
“Small businesses are a huge part of our daily life. Small Business Day aims to celebrate and say thank your local coffee shop owner, your butcher, mechanic, artist, accountant, gardener, interior designer, restaurant, personal trainer or manufacturer.”
The WA Small Business Day is once again proudly supported by Bankwest. Bankwest head of small business sales, Kate Eccles said Bankwest had been working with small businesses in WA for more than 120 years having been founded as the Agricultural Bank of WA in 1895.
“Today we continue to support thousands of small businesses across the country and recognise their immense contribution to our economy,” she said.
“We help our customers achieve what matters, we support communities to help them grow and we offer a constructive voice in the debate on the future of our economy.
“We support the prosperity of our customers, businesses, communities and the economy.
“Having started as a founding partner last year, we are extremely proud of our continuing support of Small Business Matters and look forward to celebrating WA Small Business Day on October 28.”
WA small businesses employ more than 512,000 people.