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Regional Areas to Benefit from SA Economic Blueprint

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Business SA is working hand-in-hand with the State Government to re-start the economy, with  a 13-point blueprint plan.

The Business SA post-virus proposal has been devised following  four “virtual summits” with more than 50 industry leaders.

Within the plan, tax cuts are recommended as well as the creation of a “made in SA’ campaign to enable a manufacturing led recovery while also encouraging South Australians to aid the state's tourism recovery.

Business SA CEO, Martin Haese, said regional areas will be important in the economic recovery.

“The view is to promote regional stays and regional tourism experiences and 'explore your own backyard'. I think a lot of people will do it because international tourism is a fair way off the agenda at this point in time," Mr Haese said.

Thirteen Ideas to Kick Start SA from Business SA:

1. Provide a Fringe Benefits Tax Exemption for at least 12 months to aid recovery in the hospitality sector. 

2. Instigate a “made in SA’ campaign to enable a manufacturing led recovery, including support for re-tooling and re-purposing of existing manufacturers, increased awareness of locally made across the community, and a permanent increase in the instant asset write-off threshold for purchasing Australian manufactured goods. 

3. Relax the eligibility criteria for the Federal apprentice and trainee wage subsidy and consider a payroll tax exemption to ensure employers are best placed to maintain or hire apprentices and trainees throughout the COVID-19 crisis. 

4. Providing additional funding support to fast-track maintenance projects across all Government funded institutions during COVID-19, including institutions such as TAFE. This should also extend to local Councils and Schools which can focus on projects like pool upgrades. 

5. Provide additional relief to assist both tenants and landlords through COVID-19, including a waiver (not deferral) on council rates, land tax and the emergency service levy (ESL) and where practicable, from 1 January 2020 to support compromised business cash flows. 

6. Establish a fund to complete main street and activity centre beautification projects to aid the retail and hospitality sector recovery, including as a compliment to supporting a tourism led recovery. 

7. Fast track the digitisation of government services, and provide additional support for businesses most significantly impacted by COVID-19 to digitise their own business operations. 

8. Implement a boosted first home-buyers grant and a home-renovators grant to stimulate post COVID-19 demand in the construction sector. 

9. Fast-track feasibility studies to ensure optimum available shovel ready infrastructure projects post COVID-19, and consider projects which may now be more achievable with reduced traffic flows, including concreting of the South-Eastern Freeway. 

10. Develop a multi-faceted tourism campaign to assist the economy to rebound from COVID-19, including a focus on major leisure and business events from horse racing to conferences and waive associated Government charges, including for policing. 

11. Encourage Councils to provide more direct financial relief to assist businesses through COVID-19, and to support Regional Chambers of Commerce to carry out their work assisting business directly. 

12. Ensure all regions benefit from Government funded infrastructure projects to assist the entire State’s economic recovery. 

13. Provide some targeted support for South Australia’s international students reliant 

Photo by Andrea Piacquadio from Pexels