New market access needed for SMEs in regional SA

Small and medium sized enterprises across regional South Australia must be provided with further support to access new markets, with recently released statistics revealing a significant spike in business insolvencies in regional South Australia in the 2014 June quarter.
 

Small and medium sized enterprises across regional South Australia must be provided with further support to access new markets, with recently released statistics revealing a significant spike in business insolvencies in regional South Australia in the 2014 June quarter.
 
New figures released this week by the Australian Financial Security Authority show the number of debtors entering business-related personal insolvency in regional South Australia increased by almost 41 per cent in the June quarter compared to the March quarter.
 
The Limestone Coast, Murray and Mallee and the Barossa recorded the highest number of people entering insolvency due to business in the June quarter.
 
Shadow Minister for Investment and Trade Tim Whetstone said the cost of doing business in South Australia was far too high.
 
“Under Labor, the Gateway Business Program which assists small to medium-sized firms prepare for export has almost been halved and the Globally Integrating the SA Economy program has been drastically reduced since 2011-12,” Mr Whetstone said.
 
“Earlier this week, Premier Jay Weatherill promised South Australians a bold economic vision for our state, but instead Premier Jay Weatherill squibbed it.
 
“Under the Weatherill Labor Government, South Australia has the highest taxes in the nation, the worst performing workers’ compensation scheme in the nation and low consumer and business confidence.
 
“South Australians want genuine tax and economic reform, not more motherhood statements from Premier Jay Weatherill and Labor after 12 years in Government.”
 
Mr Whetstone said for small and medium sized businesses to compete on a global stage, South Australia must get smarter with trade and international engagement strategies.

“There is so much potential to boost South Australian exports in regional areas but Labor continues to neglect one of our State’s greatest assets,” said Mr Whetstone.

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