Small businesses and organisations have suffered enormously since the start of the COVID-19 pandemic - forcing them to look at ways to survive or even resulting in closing the doors.
The South Australian Government has decided to offer a one-off $10,000 emergency cash grant to an estimated 19,000 small businesses and not-for profits, including sporting and community organisations, to help stay ahead of costs.
The grant will be available to help with ongoing or outstanding operating costs such as rent, power bills, supplier and raw materials costs and other fees.
Premier Steven Marshall said the grant would be funded from the State Government's $650m Jobs Rescue Package.
"Small businesses are the lifeblood of our community and underpin our state's economy and we will do everything in our power to ensure they have immediate support so they have the best chance of getting through to the other side," Mr Marshall said.
"We know this has been - and continues to be - an incredibly difficult time for employers and their staff, many of whom have worked tirelessly for years to build businesses and a loyal customer base.
"However, we hope this immediate funding shot-in-the-arm will go some way towards easing their financial distress, by improving cash flow and helping cover a range of costs, whether that be commercial rent and utility bills or supplier fees for raw materials."
The grant will work in conjunction with Federal Government stimulus packages such as the JobKeeper program, and will be made available to small businesses that employ locals and have a turnover of more than $75,000.
To be eligible for the one-off $10,000 emergency cash grants, a business must:
- 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
- Use the funds to support activities related to the operation of the business
Applications for the grant will open soon and be available until June 1.
For more information and to register interest businesses owners can visit: https://www.treasury.sa.gov.au/Growing-South-Australia/COVID-19