Tassie company looks to future
THE owner of a Tasmanian clothing business has been “blown away” by the support shown since he raised fears he might have to shut up shop.
Graeme Davis, of the Tasmanian Clothing Company, said fundraising and negotiations with the State Government, his bank and insurance brokers, meant the company would continue operating.
“The wolf has gone from the door and we have taken steps to ensure it stays away,” Mr Davis said.
News that the company was in trouble due to its workers compensation premium going up by 400 per cent to $53,000 broke when a Go- FundMe page was launched by the owners of Smitten Merino.
Tasmanian Clothing Company manufactures Smitten’s wool garments.
The campaign has now raised almost $4000.
Mr Davis said a former Tasmanian living in Victoria called to offer him a $50,000 no-interest loan.
“The response has been absolutely fantastic,” Mr Davis said. “I had no idea we had so much support in the community and that people I do not even know would donate to help us stay in business.”
Tasmanian Clothing Company employs 21 people at its Spreyton factory and also has a shop in Launceston.