The Daily Dough Co is just one Central Coast business which will benefit from measures announced in the Federal Budget, handed down last week.
Minister for Employment, Workforce, Skills, Small and Family Business, Stuart Robert, was on the Coast on May 18, joining Member for Robertson, Lucy Wicks, to highlight benefits to the region’s residents and businesses announced in the budget.
They popped into the Daily Dough Co at Terrigal to test the quality of the local company’s popular doughnuts and to outline how the budget initiative to continue tax incentives will allow around 16,600 businesses in Robertson to write off the full value of any eligible asset they purchase.
“Additionally, around 5,700 businesses across Robertson will be able to use the extended loss carry back measure to support cash flow and confidence,” Wicks said.
“This has helped businesses invest more in the local economy and to create local jobs (while) the tax-free Cashflow boost has helped around 5,000 small and medium businesses in Robertson to stay afloat.
“Daily Dough Co is just one example of a business that is prospering in our local economy, backed by our plan to create jobs and secure Australia’s recovery.”
Daily Dough Co owner, Emma Pratt, welcomed the support from the Federal Government.
“I started this business when I was 18 years old, just turning 19,” she said.
“I’m still 19, and now I have two shops, one at Wyong and one at Terrigal.”
The business makes doughnuts, dessert boxes and doughnut bouquets.
“We literally can make you anything out of doughnut and we have such a passion for fresh doughnuts,” Pratt said.
“Every day is a different challenge but I have a lot of passion for my business.
“Having really good staff really helps me get through (but) if my mixer breaks, like my dough mixer in the morning breaks, it’s a bit of a challenge.”
Wicks and Minister Robert also toured other local businesses and sat down with workers, trainees and apprentices to talk about how the budget will drive jobs and skills.
Wicks reinforced that around 55,400 taxpayers in Robertson will benefit from tax relief of up to $2,745 this year.
She outlined the expansion of the $1B JobTrainer Fund, to deliver low fee or free training places in areas of skills need.
“JobTrainer will help ensure Australians can access critical skills and support more than 450,000 new places to upskill job seekers and young people across the country.”
“To date the government has supported over 114,600 people reskill through JobTrainer funded courses with women making up 56 per cent of enrolments.”
The budget also sees the expansion of the Boosting Apprenticeship Commencements wage subsidy for a further six months to support new apprentices and trainees who commence by March 31, 2022.
The $2.7B investment is supporting the employment of newly commencing apprentices and trainees, assisting school leavers and job seekers during the peak hiring period for key industries.
Minister Robert said the budget outlined the Government’s economic plan to back jobs for the Central Coast and secure its economic recovery.
“We recognise that the Central Coast was hit hard by the COVID recession, so the Government was there with JobKeeper supporting 5,600 local businesses and 22,100 employees in Robertson,” he said.
“We kept workers connected to their jobs and now we are well on the road to recovery.
“At the end of the day we want to ensure every Central Coast resident has the opportunity to get into a job, skill up for the next job or indeed hire someone in their business”
Source:
Media release, May 18
Member for Robertson,
Lucy Wicks