With salons around the country either emerging from lockdown or entering a second closure, here’s our roundup of what the State Governments are doing to help.
New South Wales
The NSW TechVouchers program aims to increase inter-business collaboration between the state’s SMEs and the participants of the Boosting Business Innovation Program, namely research organisations and universities. Businesses with fewer than 200 employees, under $30 million in turnover, and running for more than a year can apply for the voucher system (with values of up to $15,000) to be used at any eligible partner. Businesses are able to match the applicable voucher amount in cash and in-kind.
Bin Trim Rebates
The Bin Trims program is run by the Environmental Protection Agency in NSW and aims to increase workplace recycling by offering rebates to SMEs that install recycling equipment. It’s also available to small-scale recyclers managing SME waste in NSW.
If you’re a small to medium-sized business in NSW (with up to 399 employees), you could be eligible for a rebate of anywhere between $1000 and $50,000 by implementing on-site recycling equipment.
The Victorian government has announced a $534 million support package for small businesses, following the second lockdown coming into effect last week.
In addition to the preciously reported $5,000 grants for small business owners, the package will also include a $20 million fund for small businesses – including salons – in the Melbourne CBD.
An additional $26 million has been pledged for mental health support for small business owners, including sole traders.
In addition, Victoria’s payroll tax deferral scheme is also being extended, allowing salons with a payroll of up to $10 million to defer their liabilities for the first half of the 2020/2021 financial year.
Businesses in certain regional areas of Queensland that employ, young, or long-term unemployed people can claim payments of up to $20,000 for doing so.
Microcredit Loan Program
Businesses or aspiring business owners in the AC can take advantage of a range of microcredit loans. Low-income earners looking to start a business can receive interest-free loans of up to $3000 or low-interest loans up to $10,000 to help grow their business through new equipment purchases.
Small businesses located in Yorketown, Cudlee Creek, Kangaroo Island and Keilira may apply for the Small Business Bushfire Recovery Grant, which offers financial assistance of up to $50,000 to bushfire-affected small businesses for costs associated with clean-up, restoration and rebuilding.
NT businesses looking locally can potentially receive 50% of their costs funded by the territory government for practical projects with tangible outcomes, designed to benefit the state and its people, and that provide local employment. For NT businesses looking abroad, the government will also fund up to 50% of your international marketing projects, given you can demonstrate that the project will bring trade and economic benefits to the NT.
Can’t find anything from your state that meets your needs? Visit our story on government assistance to see what is on offer from the Federal Government.
Visit the #BEAUTYSTRONG hub at https://www.professionalbeauty.com.au/beautystrong/
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