Local business feeling positive

BUSINESS and consumer confidence is already returning after the State Government revealed its Roadmap to Recovery last week, says State Growth Minister Michael Ferguson.

Many businesses are preparing to increase or resume operations, with dates now outlined for the gradual lifting of community restrictions.

Mr Ferguson said Tasmania’s economy would make a strong recovery, but local business would need continued community support.

The State Government has spent more than $1 billion on its total support and stimulus package, with almost 15,000 business grants delivered.

More than 12,000 applications have also been lodged with the State Government for a slice of its $50 million business loan fund.

“It’s about supporting the community, it’s about supporting business and it’s about supporting jobs,” Mr Ferguson said.

The small business grants have ranged between $2500 and $15,000.

Businesses can receive up to $250,000 through the government’s business loans scheme.

Inner Space Wardrobes was a recipient of a government business loan, and director Ken Saville said without it he would have had to restructure his business and stand down staff.

Mr Saville said the loan had allowed him to continue paying the bills and focus on manufacturing throughout the consumer slump.

“I feel very positive. With the backing now of the grants from the government, I know I will get through this and keep the staff employed.”

More than 700 businesses have listed their goods or services through the government’s new online marketplace — buysomethingtasmanian.com .au — since it was launched last week.