Businesses in New South Wales have become more confident in 2017, with business confidence now above the national average. This Budget introduces a range of measures to continue to help businesses grow.
This Budget delivers insurance tax cuts for small businesses from 1 January 2018 to reduce costs and support jobs growth.
It also supports future employment opportunities and jobs creation through a range of measures, including:
- $759 million of investment in 2017-18 in skills development and training programs through TAFE NSW and other providers
- $96 million in 2017-18 to support high potential businesses through Jobs for NSW
- $65 million over three years for the Youth employment program within Smart, Skilled and Hired which aims to assist young people in four pilot regions into employment by connecting them to training, mentoring, and work experience.
Other initiatives totalling $30.5 million will support business advisory services, help reduce red tape and drive innovation, including funding for more than 60 advisers through the Business Connect program.