Topic: Business

Growing Digital Skills For Regional Small Businesses

Regional businesses will learn how to build their online presence, improve cyber-security and harness benefits from the digital economy through the Andrews Labor Government’s new Digital Opportunities Roadshow program. Minister for Small Business Adem Somyurek and Victorian Chamber of Commerce and Industry chief executive Paul Guerra today launched the initiative, encouraging regional small businesses to […]

Categories: Media Release, Minister for Small Business

Ballarat Businesses Saving Big On Payroll Tax

Businesses in Ballarat are saving millions thanks to the Andrews Labor Government’s regional payroll tax cuts, with more savings on the horizon. New data out today shows 422 Ballarat businesses are forecast to share in $14.8 million in savings just this financial year, after the payroll tax rate was slashed to 2.425 per cent in […]

Categories: Media Release, Treasurer, Western Victoria Region

Building Approvals Bounce Back Despite Economic Headwinds

In the face of global and domestic economic headwinds, building approvals have rebounded to their strongest result in more than two years. New Australian Bureau of Statistics data shows Victoria recorded $4.3 billion of approved buildings in December 2019. It means Victoria leads the mainland states for both the value of residential and non-residential building […]

Categories: Media Release, Treasurer

Small Business Bus Helping More Businesses Grow

More than 1,000 businesses have been helped to develop and grow through the Andrews Labor Government’s Small Business Bus in 2019. Operated by Small Business Victoria, the information hub on wheels made 320 visits to 238 locations around Victoria, up from 281 sessions held in 218 sites last year. Just under half of this year’s […]

Categories: Media Release, Minister for Small Business

Tough Choices To Keep Victoria’s Economy Strong

The 2019-20 Budget Update released today shows Victoria’s economy is strong and the budget remains in surplus, as the state faces weakening national economic conditions and falling consumer confidence. The mid-year update records a $618 million surplus in 2019-20, about $400 million less than forecast in May’s 2019/20 Budget. This is largely due to a […]

Categories: Media Release, Treasurer

Creating Better Health Outcomes Through Innovation

One of the world’s largest life insurance companies is expanding its footprint in Victoria in a move that will create 100 jobs and boost community wellbeing and mental health. AIA Australia is building an Innovation Lab at their existing HQ in Melbourne, where digital experts and collaborators will explore artificial intelligence, data science and machine […]

Categories: Media Release, Minister for Economic Development

Victoria Making The 1,000th Dreamliner Plane Soar

Victoria’s aerospace manufacturing expertise has played a critical role in helping the world’s most technically advanced commercial aircraft take off. Minister for Economic Development Tim Pallas today celebrated the production of the 1,000th 787 Dreamliner in a visit to Boeing Aerostructures Australia in Port Melbourne, where the wing components for the aircraft are made. The […]

Categories: Media Release, Minister for Economic Development

$520M Growth Fund To Call Melbourne Home

The Andrews Labor Government has welcomed news that the Australian Business Growth Fund will be based in Melbourne, cementing its spot as the home of capital funding. The $520 million Fund will help small to mid-sized firms expand by taking equity stakes of between $5 million to $15 million, with funds to flow from June […]

Categories: Media Release, Treasurer

It’s Official – Melbourne Is Australia’s Most Innovative City

Melbourne was today named as Australia’s most innovative city, leapfrogging Sydney to claim 11th place overall in the annual 2thinknow Innovation Cities Global Index. Minister for Jobs, Innovation and Trade Martin Pakula welcomed the release of the index, now in its 12th year, which ranked 500 cities across the world. Melbourne jumped from 16th place […]

Categories: Media Release, Minister for Innovation, Medical Research and the Digital Economy

Retail Shopping Strip Forum Listening To Locals

The Andrews Labor Government is working with local communities to better understand the trading conditions for small businesses in local shopping strips in metropolitan and regional Victoria. A forum co-hosted by Minister for Small Business Adem Somyurek and Minister for Suburban Development Marlene Kairouz today heard from business owners, traders, industry experts and councils on […]

Categories: Media Release, Minister for Small Business