Tag Archives: business

Does government understand business and realise the huge costs of lockdowns?

The reports from the Sydney lockdown are grim. The lockdown is imposing a huge cost on affected businesses. The financial assistance offered today by the federal and NSW governments may be insufficient for many businesses (e.g. see Sydney CBD restaurants … Continue reading

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More than half of Australian large businesses receiving government financial assistance of some type

Australian large businesses have proven themselves much better than smaller businesses at securing government financial assistance such as grants and tax concessions. Around 57 per cent of large businesses (i.e. 200+ employees) received some type of government financial assistance in … Continue reading

Posted in Industry policy | Tagged , , , , , , , , | 5 Comments

New businesses need to hang tough for first year – big gains come in second year

New businesses experience their biggest productivity gains in their second year (see the chart below), after the hard work and investment of the first year have been realised, according to new research published by the ABS (see Firm Dynamics and … Continue reading

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