Connect with us
Byron Bay News and Weather copy
Mt Warning News and Weather copy
Kyogle News
Grafton News and Events copy
Byron Bay News and Weather copy
Mt Warning News and Weather copy
Kyogle News
Grafton News and Events copy
previous arrow
next arrow

Business News

Businesses urged to tap into NSW Regional Development package

Published

on

Regional Development Trust
Advertisements
MadeComfy

Businesses urged to tap into NSW Regional Development package

 

LISMORE MP Janelle Saffin is urging eligible businesses to tap into a $35-million package of NSW Government initiatives funded under the $350-million NSW Regional Development Trust.

Ms Saffin said two initiatives immediately relevant to the Northern Rivers and Northern Tablelands regions were $5 million in low interest loans to eligible small and medium businesses to encourage economic growth and employment, and a further $5 million to empower Aboriginal businesses.

Two initiatives which could potentially benefit our regions in the longer term were $15 million to improve regional and remote airstrips and a $10-million Workforce Activation Package to establish, expand or upgrade childcare initially in Bourke, Broken Hill and Cobar, Ms Saffin said.

All four initiatives have been guided by the Regional Development Advisory Council and informed by several roundtables with rural communities hosted by Minister for Regional New South Wales Tara Moriarty, across the state.

The $35-million package includes:

$5 million to encourage economic growth and employment in regional NSW

  • $5 million will be invested to provide low interest loans to eligible small and medium businesses to encourage economic growth and employment in regional NSW.
  • From last Friday, 17 May 2024, food and beverage manufacturing small and medium businesses will be able to apply for loans between $100,0000 and $1,000,000 with a 2.5 per cent fixed interest for the life of the loan, to allow them to invest in new technologies and equipment that increases efficiency and productivity.
  • NSW is home to more than 30 per cent of the nation’s small and medium enterprises. However, the RBA has highlighted that currently small businesses are finding it difficult to access finance from traditional lenders with approval times, underwriting security requirements and interest rates cited as key concerns.
  • This investment from the NSW Government has been developed to make it faster and easier for regional small businesses to thrive.

$5 million to empower Aboriginal businesses

  • The Aboriginal Economic Development Package will support Aboriginal businesses and organisations to identify and execute commercial opportunities, leading to improved economic and employment outcomes.
  • The funding will assist eligible Aboriginal organisations and businesses to deliver projects that enable improved economic and employment outcomes, for example upgrades to community-controlled facilities or the expansion of native food operations.
  • Aboriginal projects are currently under consideration, with commencement of the pilot program to happen over the coming months. Details coming soon.

$15 million to improve rural and remote airstrips  

  • Effective remote and Western NSW airstrips that are accessible all year round will increase economic development opportunities, plus the delivery of health care and emergency services to reach communities that would otherwise be required to travel long distances to access similar services.
  • The New South Wales Government has commenced an audit of rural and remote airstrips across 20 local government areas in Western NSW and will develop a rollout schedule based on priority and need, that will be completed by September this year.
  • Following this, the NSW Government will commence the upgrades of airstrip and aerodrome related infrastructure and equipment improvements.
  • This investment will improve rural and remote communities’ access to critical services, businesses, essential workers and supplies, particularly in the event of an emergency or natural disaster.

$10 million Western NSW Workforce Activation Package to establish, expand or upgrade NSW childcare

  1. The Western NSW Workforce Activation Package will provide $10 million to establish, expand or upgrade early childhood and education care across three initial local government areas of Bourke, Broken Hill and Cobar.
  2. This initiative is designed to increase the availability of long day care in regional areas.
  3. Co-designed with the early childhood sector, this is an innovative approach to strengthening the workforce in remote communities by addressing one of the barrier’s faced by parents looking to return to work in areas where there is little or no early childcare available.
  4. Successful applicants must demonstrate that funded activities will increase their ability to offer additional childcare places.

Further investments in these projects will be considered following an initial review of their implementation.

For more information on the NSW Regional Development Trust, go to here.

 

For more business news, click here.

Advertisements
Tenterfield-The Bowlo

Business News

Workforce barriers tripping up young Australians and how to overcome them

Published

on

By

Workforce barriers
Advertisements
MadeComfy

Workforce barriers tripping up young Australians and how to overcome them

 

Only half of young people feel confident in achieving their current or future career aspirations due to workforce barriers, new research has found.

This, coupled with a youth unemployment rate of 9.7% as of May 20242, underscores the critical need for targeted support and resources to equip young individuals with the foundational skills essential for navigating today’s complex job market.

For young people, particularly those from marginalised groups like Indigenous youth and women, there are additional barriers that exacerbate the challenge in securing employment and advancing careers including things like systemic inequities, limited access to quality education and training as well as pervasive social biases.

For example, recent studies have shown that 37% of women working in predominantly male environments report experiencing gender-based competence challenges3.

Employment services provider atWork Australia is addressing these challenges head-on by spotlighting the empowerment of young talent in preparation for World Youth Skills Day on 15 July, providing comprehensive support to young individuals, ensuring they have the necessary skills and assistance to confidently enter the workforce.

Over the last year, atWork Australia has supported over 7,300 young people (aged 25 years or younger) on their individual employment journey across metropolitan and regional Australia. Trends show that hospitality, warehousing and retail are the most appealing industries for young people to seek out. atWork Australia celebrates and applauds youth transition to all industries as each individual embarks on their employment and career journey.

One inspiring example is atWork Australia client, 18-year-old Yasmine, a determined Indigenous young woman from Mount Druitt, New South Wales. Through atWork Australia’s guidance, Yasmine defied odds and successfully entered the traditionally male-dominated mechanical industry.

Yasmine’s journey, starting from when she left school in Year 10, it reflects her resilience in overcoming significant challenges. Initial barriers included securing additional work hours and attending appointments due to financial constraints. Yasmine found crucial support from atWork Australia for emotional, mental and educational barriers as well as practical needs like food vouchers and travel costs4.

“atWork Australia has been a tremendous support for me,” Yasmine shared. “They kept me informed about job opportunities and reached out to discuss potential roles. It was empowering to be able to communicate my interests and preferences directly to them.”

Navigating her way through interviews and her initial week on the job, Yasmine benefitted from the guidance of atWork Australia’s Indigenous Connections team, who provided essential mentorship and support.

Despite encountering scepticism and doubts as a woman in a male-dominated field, Yasmine persevered, impressing her colleagues with her skills and determination.

“At 18, there were moments of self-doubt, especially being an 18-year-old female in this industry, but with atWork Australia’s unwavering support, I gained confidence and pushed through,” Yasmine reflected.

atWork Australia will continue to assist Yasmine until she feels fully settled in her new role and is committed to supporting her journey towards achieving her long-term goal of saving for a house deposit.

Yasmine’s story exemplifies the transformative impact of tailored support and mentorship in empowering young individuals to thrive in challenging environments.

atWork Australia is dedicated to providing comprehensive support to young individuals, ensuring they have the necessary skills and assistance to confidently enter the workforce.

To find out more about atWork Australia’s support services, please visit: www.atworkaustralia.com.au. Additionally, you can listen to any of the podcasts from the ‘Candid Conversations with Shaun Pianta’ podcast series here where atWork Australia Brand Ambassador and Paralympian, Shaun Pianta, speaks about his employment journey, following a life-changing holiday.

 

For more business news, click here.

Advertisements
Tenterfield-The Bowlo
Continue Reading

Business News

Scrap Metal Company and Directors Fined for Mass Limit Breaches

Published

on

By

Scrap Metal Mass Limit Breaches
Advertisements
MadeComfy

Scrap Metal Company and Directors Fined for Mass Limit Breaches

 

A Melbourne-based scrap metal company and its three directors have been fined for failing to manage legal mass limits after an investigation uncovered 69 mass limit breaches over two years.

The National Heavy Vehicle Regulator (NHVR) Safety and Compliance Officers intercepted one of the company’s heavy vehicles in April 2021, discovering it was loaded at 120.42% of the prescribed mass limit.

Subsequent investigations revealed 69 mass limit breaches, including 24 severe risk breaches, defined as loads at 120% or more of the mass limit. The company pleaded guilty to a Category 1 offence under the Heavy Vehicle National Law (HVNL) and was fined $180,000.

The three directors also pleaded guilty to failing to exercise due diligence and ensure transport safety, receiving fines of $8,500, $7,000, and $7,000, respectively.

NHVR Acting Director of Prosecutions Elim Chan emphasised the dangers of overloaded heavy vehicles. “Heavy vehicles loaded beyond their prescribed mass limits pose serious public safety risks by compromising stability, steering, performance, and braking capability,” Ms. Chan said.

She stressed the importance of proper systems and training to ensure compliance with the HVNL and protect both drivers and the public.

The NHVR offers online tools and guides to assist with loading requirements. For resources, visit NHVR Loading Guides View the resources.

 For more information on NHVR prosecutions, visit NHVR Prosecutions.

 

For more business news, click here.

Advertisements
Tenterfield-The Bowlo
Continue Reading

Business News

In June Australian unemployment dropped to 8.3%; lowest unemployment since September 2022

Published

on

By

June Australian unemployment
Advertisements
MadeComfy

In June Australian unemployment dropped to 8.3%; lowest unemployment since September 2022

 

In June 2024, Australian ‘real’ unemployment dropped 62,000 to 1,307,000 (down 0.4% to 8.3% of the workforce). This is the lowest rate of unemployment for nearly two years since September 2022 although overall employment is virtually unchanged above 14.3 million.

Although unemployment decreased in June as people left the workforce, under-employment increased by a similar amount in the month, up 65,000 to 1,403,000. Taken together overall unemployment and under-employment in June is virtually unchanged at 2.7 million (17.3% of the workforce).

The June Roy Morgan Unemployment estimates were obtained by surveying an Australia-wide cross section of people aged 14+. A person is classified as unemployed if they are looking for work, no matter when. The ‘real’ unemployment rate is presented as a percentage of the workforce (employed & unemployed).

  • Overall employment reaches virtually unchanged in June near record high above 14.3 million:

Australian employment was virtually unchanged at 14,307,000 (down 3,000) in June. There was a shift to more part-time employment though with 4,941,000 (up 72,000) now employed part-time while full-time employment was down 75,000 to 9,366,000. Increasing part-time employment is often associated with a rise in under-employment – which increased by 65,000 in June.

  • Unemployment decreased for a second straight month in June to its lowest for over a year:

In June 1,307,000 Australians were unemployed (8.3% of the workforce, down 0.4%), a decrease of 62,000 from May and the lowest level of unemployment for over a year since May 2023 (1,258,000). It is also the lowest rate of unemployment for nearly two years since September 2022 (8.1%).

The fall in unemployment was driven by fewer people looking for full-time work, down 131,000 to 469,000 while there was an increase in those looking for part-time work, up 69,000 to 834,000.

  • Overall unemployment and under-employment was virtually unchanged at 17.3% in June:

In addition to the unemployed, a further 1.4 million Australians (9% of the workforce) were under-employed, i.e. working part-time but looking for more work, up 65,000 from May. In total 2.7 million Australians (17.3% of the workforce) were either unemployed or under-employed in June.

  • Comparisons with a year ago show rapidly increasing workforce is driving employment growth:

The workforce in June was 15,610,000 (down 65,000 from May, but up 404,000 from a year ago) – comprised of a near record high 14,307,000 employed Australians (virtually unchanged from a month ago but up a massive 673,000 from a year ago) and 1,303,000 unemployed Australians looking for work (down 62,000 from a month ago and down 269,000 from a year ago).

 

For more business news, click here.

Advertisements
Tenterfield-The Bowlo
Continue Reading

NRTimes Online

Advertisement

KC-Farm-Equipment

National News Australia

Latest News

Verified by MonsterInsights