More incentives to launch your own business
March 10, 2017
Member for Durack Melissa Price said now is the time to take charge of your career and consider becoming your own boss.
Ms Price said the expansion of the Federal Government's highly successful New Enterprise Incentive Scheme (NEIS) and a number of other measures introduced late last year help people wanting to turn their business idea into reality.
Ms Price said that recent changes to the eligibility criteria and the opening of new places in NEIS will provide even greater opportunity for young entrepreneurs.
"I have spoken to many businesses in the region and it is clear that initiatives like the New Enterprise Incentive Scheme provide more opportunities for selfstarters," Ms Price said.
"Launching initiatives such as jobactive PaTH, Restart, Transition to Work, Empowering YOUth, the Federal Government is listening to the needs of Durack and we are working hard to getting more people into long-term employment.
"Australia's economy is growing faster than every G7 economy, and this is largely due to the good financial management of the Government."
The expansion of NEIS will help to create more opportunities for young people to be trained and mentored on starting their own business. The eligibility criteria for NEIS has also been broadened to allow people who are not in employment, education or training - including those who are not on income support - to access assistance.
An additional 2,300 NEIS places per year bring total number of places available annually to 8,600.
This expansion is accompanied by extra support for entrepreneurs, including: . SelfStart online (jobactive.gov.au/selfstart) a starting point for young people wanting to explore and develop their ideas into a successful business. SelfStart connects young people to services and programs, as well as provides information assisting them to start a business.
. 'Exploring being my own boss' workshops workshops to engage potential entrepreneurs and provide them with a taste of what is involved in selfemployment. Workshops are delivered nationally by New Enterprise Incentive Scheme providers, with 1,000 places available each year.
. Entrepreneurship Facilitators these facilitators are located in three regions where there is high youth unemployment and low rates of youth selfemployment. Facilitators promote entrepreneurship and self-employment, supporting potential entrepreneurs to establish their own businesses, including connecting them to existing services and programs.
For more information about the New Enterprise Incentive Scheme, please visit employment.gov.au/you.
Source: Halls Creek Herald.