Coronavirus has hit our city hard and businesses are doing it tough. That’s why our $3.1 billion Budget is all about taking immediate action to protect jobs and get Brisbane open for business again.
As our city rebuilds, we’re looking to the future by backing local businesses and encouraging everyone to buy local by:
- investing $9.2 million to revitalise local shopping strips and $21.7 million for projects across Brisbane to create jobs and boost local economic activity
- providing a relief package for businesses to waive a range of charges, rents and permit fees until December 2020
- continuing our seven-day payment terms for Council’s small business suppliers
- supporting ‘buy local’ by investing 80% of procurement spend with local businesses
- establishing a Business Resource Hub at The Capital offering business mentoring and professional business service advice.
Our dedicated Economic Recovery Taskforce will work with small businesses to deliver support where it’s needed most. This includes $7 million for a COVID-19 Suburban Priority Projects fund, with each ward receiving $270,000 to support their local community.
A further $3 million will assist community groups and Council leaseholders cover bills and maintenance works that have piled up as a result of forced closures during the coronavirus pandemic.
We’re helping to reduce the cost of living with a six-month rates freeze for all ratepayers and a one-off owner-occupier $250 rebate for JobSeeker recipients.
The 50% rates rebate for first home owners will continue, while from 1 October 2020, eligible first home buyers who build new homes or buy off the plan will receive a rates rebate of 100% (both rebates apply for the first 12 months of ownership). This initiative supports buyers and the thousands of builders and tradies that rely on construction activity in the housing sector.
Together we can get Brisbane businesses thriving again, people back in jobs and the city back to its vibrant best.
This information was originally published in the July-September 2020 edition of the Business in Brisbane publication. Read the full newsletter.