More than 18,700 South Australian small businesses and not-for-profit organisations have benefited from a $10,000 emergency cash grant to help them survive and trade through the COVID-19 pandemic, supporting nearly 100,000 local jobs.
Analysis by Treasury shows the financial stimulus helped support businesses and not-for-profits (including sporting and community organisations) across more than 420 local industries, who received a cumulative 187 million dollars in grants funding.
Minister for Innovation and Skills David Pisoni said the cash grants have provided a ‘huge shot in the arm’ for the local economy.
“This money has been used to help sustain jobs and assist cover a business’ ongoing or outstanding operating costs, such as rent, power bills, supplier and raw material costs as well as other fees.
“It’s part of our $1 billion in economic stimulus to support South Australian business and industry navigate what is the greatest economic challenge of our time.”
Among the other key stimulus measures announced by the Marshall Government are:
- Road infrastructure projects;
- Investment in nature-based tourism, local government projects through the Planning and Development Fund, country health facilities, social housing and grassroots sports facilities;
- Cost of Living Concession additional boost payment;
- Payroll tax relief;
- Land tax and other financial relief to support tenants and landlords;
- Support for International Students in South Australia;
- Support for Taxi industry and regional and tourist bus operators;
- Support for local government childcare providers;
- Waiver of liquor licence fees for 2020-21;
- Water relief grants for eligible sporting organisations.
*To have been eligible for the one-off $10,000 emergency cash grants, a business was required to:
- Employ people in South Australia
- Have turnover of more than $75,000
- Have payroll of less than $1.5 million, and not entitled to a payroll tax waiver under COVID-19 support measures introduced by the State Government
- Have an ABN and were carrying on the operation of a business in SA on March 1, 2020
- Have been subject to closure or highly impacted by COVID-19 related restrictions^
- Have applied by June 1, 2020
^Businesses eligible for the Commonwealth JobKeeper payment were deemed to be highly impacted by COVID-19 restrictions. NB: If a business received any SA Government grants provided to address COVID-19 related business impacts, these payments were deducted from the $10,000 grant.