Victoria sets aside A$200 million stimulus for firms
The Victorian government has set aside A$200 million (US$143.3 million) to help companies recover from the impact of the Omicron variant, targeting key sectors led by hospitality and tourism and supporting jobs across the state.
Some A$34.2 million (US$24.5 million) of funding under Jobs Victoria will be used to place workers in over 1,500 jobs across hospitality, warehousing and logistics, tourism and food processing.
Meanwhile, the government will also carve out A$5 million (US$3.58 million) under its Small Business Digital Adaptation Programme. This will provide companies with rebates of up to $1,200 (US$860) so they can access a range of digital tools.
The Victorian Chamber of Commerce and Industry will also extend its Business Recovery and Resilience Mentoring Programme to provide more access to coaching to small businesses.
“Business and consumer confidence is critical for our continued economic recovery and that’s why we’re investing in these programs to deliver a boost where it is needed most,” said Minister for Industry Support and Recovery Martin Pakula.