Wednesday, 01 February 2023 18:26
SURVEY REVEALS BUSINESSES PLANING GROWTH
A SURVEY by Small Business Loans Australia found that 48% of small-to-medium businesses in Australia plan to expand in 2023, despite the risk of recession.
The survey included 210 business owners and decision-makers across micro, small, medium and large businesses.
Businesses in Western Australia showed the most growth with 88% focusing on growth since 2019, followed by 86% in New South Wales. In 2023, the most confident about growth were businesses in the ACT, with 60% planning to focus on growth.
Micro businesses were the most positive about growth in 2023 with 50% planning to expand, compared to 48% of medium-sized businesses and 37% of small businesses.
Alon Rajik, founder of Small Business Loans Australia, said: “Despite the potential economic slowdown, SMEs will continue to be resilient and confident in their ability to weather tough economic periods.”
He advised businesses to make smart financial choices when expanding and to shop around for low interest rates and fees.
The full survey results can be found at https://smallbusinessloansaustralia.com/growth-in-recession/.
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Wednesday, 01 February 2023 08:46
NEW SERVICE CENTRE AT NORTH ROCKS
A NEW Service NSW Centre will open in North Rocks Shopping Centre, North Rocks, in mid-2023.
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Monday, 30 January 2023 13:04
FLOOD EVACUATION ROUTES IMPROVED
FLOOD evacuation routes near Richmond will be improved with $1B from the government's WestInvest program for Western Sydney roads. The upgrade includes $15M for a new roundabout and extra lane at The Driftway and Londonderry Road intersection. Works will start soon to ensure the community is not cut off during floods. Other projects include safety improvements on Elizabeth Drive, the Pitt Town bypass, and Garfield Road East upgrade. Visit https://nswroads.work/NewRichmondBridge for more details.
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