Businesses in the Southern Highlands are now able to apply for funding under the NSW Government $100 million Regional Jobs Creation Fund, which will create jobs and stimulate local economies.
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Member for Wollondilly Nathaniel Smith said businesses in the Highlands were to apply for the fund which would provide co-funding between $100,000 and up to $10 million to help businesses expand their production lines and provide incentives for interstate or overseas operations to relocate to regional NSW.
"This announcement is part of the NSW Governments commitment to supporting local business and boosting jobs in towns across the Highlands which we know have been hit hard by drought, bushfires and COVID-19," he said.
"Things have been tough for local families and businesses in Wollondilly and this support to local business and the jobs created by this new fund will be great news for our region.
"Eligible businesses are able to apply now, with the grants being available to support the purchase of new equipment, expand facilities, create new tourist experiences and visitor attractions or relocate businesses from out of state to regional NSW.
"Applications are now open and I encourage local businesses to visit the Invest Regional NSW webpage and lodge an application."
Mr Smith said regional NSW was the backbone of the state and the Regional Job Creation fund could help give life to the Souther Highlands and deliver economic stimulus as businesses leveraged new opportunities.
"This fund will mean more jobs for the Southern Highlands by helping businesses fast-track their growth plans, giving them the money they need to purchase equipment or extend their premises today, instead of in the future," he said.
"Supporting local businesses means they can attract new customers, which means more people in work, earning a wage that they will spend in local shops, which in turn supports local retail workers as well as their suppliers."
Applications are now open and will close on Friday May 14 2021 or when program funding is fully allocated.
For eligibility criteria and program guidelines, go to: investregionalnsw.com/RJCFund
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