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BEC offers local business support during Coronavirus

Bundaberg Business Enterprise Centre
Marcus McCormick at Bundaberg Business Enterprise Centre.

With small businesses across the region facing closures during the state-wide Coronavirus lock down, the Business Enterprise Centre is offering a range of services to assist those in need.

State and federal government stimulus packages have become available for eligible businesses while the Bundaberg Business Enterprise Centre is offering its services for free.

Manager of the Bundaberg Business Enterprise Centre Marcus McCormick said the organisation would be checking in regularly to understand what support is needed by local businesses.

“We are in uncertain times and the needs for business will no doubt change over the coming months,” he said.

“We want local business owners to know that if they need support, advice or assistance as they are making important decisions in their business over the coming weeks and months, they can get in touch with us on 1300 249 482”.

“Our services are free and our team is ready to help.”

Marcus said that as of next week, BEC would be running weekly check-ins where businesses can join an online group video chat.

“This will give business owners the opportunity to have a chat about how things are going for them and to troubleshoot particular challenges that they are facing,” he said.

“People should keep an eye on the Bundaberg BEC Facebook page and our website www.bundabergbec.org.au for details on how to join in on these sessions.”

Business support on offer through stimulus packages

Small businesses are being offered financial support packages during the Coronavirus lockdown, which was implemented by the Federal Government on Sunday.

The Federal Government Stimulus package, “Boosting Cash Flow for Employers”, will provide up to $100,000 back to business, with a minimum payment of $20,000 for eligible businesses.

The payment will provide temporary cash flow support to small and medium businesses that employ staff.

The payment will be tax free.  

The State Government has also announced several assistance measures for businesses including a new $500 million loan facility, interest free for the first 12 months, to support businesses and keep Queenslanders in work.

The concessional loans facility would comprise of loads of up to $250,000 with an initial 12 months interest free period for business to retain staff. 

Additionally, the State Government has implemented the coronavirus payroll tax deferral to all businesses across the state.

$27 million in assistance to Qld businesses hit most by the virus was also announced last month by the State Government. 

For further information on the above assistance packages visit:

• Information on State Government concessional loans www.qrida.qld.gov.au

• Information on State Government payroll tax deferral – www.osr.qld.gov.au

• Information on Federal Government https://treasury.gov.au/coronavirus

• Information on Federal Government cash flow assistance to business https://treasury.gov.au/coronavirus/businesses

For further information contact Council’s Industry and Investment Advisor Helen Swanson on helen.swanson@bundaberg.qld.gov.au